Technical-analysis
Apple Stock Monday Update-Strong Support $112.60Team,
Happy Monday, Hope you are killing it today. I wanted to start off the week by following up from our last week. We had several trades bouncing off our $112.60 level. Whether you were buying shares, buying calls, it was raining money. Today we tested the high point of the wedge which I drew in last week. Although the support at $112.60 is very strong, I believe we will trade below it to test a new recent low in the $108.50s-$110 this week before we are off to the races.
Let me know your thoughts. Best of luck! NASDAQ:AAPL
HSBCOverall opinion is to SELL ..
A lot of confluence technical factors :
200 ema price down , trendline in place and price has closed consistently below
37.87 ( Engulfing Bar) and formed a critical Swing High /rejected and closed below 38.48.
We are currently trading below the crucial 52day low 19.70 , so cautiously looking for a stable level of support to BUY, complimented by key fundamentals.
Also consecutive drops in revenue over the last few quarters.
USDCHF AnalysisHey traders, here's my analysis of USDCHF!
Price ranging between supply and demand zone.
If price continues to stay inside range for another bounce, wait for a break of an inner trend line to enter.
If price breaks the range, wait for retest of supply/demand zone to enter.
Please like/comment as I am new and trying to build reputation. Thank you!
BAC Bank of America will stay between upper trendline and gannThe 1/3rd gann line is acting as a strong support aswell as the 0.382 fib level that created a triple bot. The price will pull back to 0.382 level to the short term fib level which lines up perfectly with the 1/3rd gann support line and from there it will continue its way up to $27.07 price target which is the trend line and which is also 1.272 fib level before pulling back again to $26.72 retesting previous highs
CVAC Curevac found the bottom on 0.382 fib levelAfter a huge runup CVAC found a bottom on 0.382 level but made a lower high bouncing around 0.786 fib level and 0.382 fib level making a double bot on that 0.382 fib level. The momentum right now is very bullish and if the previous lower high just above 0.618 fib level is broken it will very likely continue its uptrend after retesting that lower high and breaking the $82.69 price target into another highs retest into 1.272 fib level ($95.43 price target) after which it will pullback again. If the prior lower high is not broken that was around $66 price target then it will very likely go down further to 0.236 fib level($46 price target) or consolidate even more and creating a triangle formation. If it creates a triangle formation then any news catalyst will very likely break out to the top even up to 1.618($111.64 target).
LTCUSD Eyeing 44.5/40.8 Possible Support!Hello traders,
LTCUSD is dropping in a five-wave movement from start of September, ideally unfolding a bigger wave c or iii. We specifically see price at the beginning of a sub-wave (v) of c/iii, down from 52.448 level, where a former correction as sub-wave (iv) had ended. That said, sub-wave (v) can now target 44.5/40.8 possible turning point area, where equality measurements of waves one and five, and various Fib. Ratios can slow the bears down, and act as support.
A minimum, three-wave recovery can afterwards be seen once wave c or iii fully develops.
Trade well,
The EW-forecast team
BREAKOUT CONGESTION FOR ETHEREUM?the cross ethusd has been remained in a congestion since 6 august 2018, what happen now?
looking to ATR to see the increase of volatility and see the marketcap volume on coinmarketcap to see the increase of interest for ethereum, what do you think about it?
XRP 4hr bullish chartXRP looks strong vs BTC in short term which can translate into long term strength as well.
Read my last XRP chart where I called the bottom for XRP, if you want fundamental analysis.
RSI is neutral, MACD histogram is showing selling pressure subsiding, MACD is giving us a buy signal. EMAs are starting to tighten, XRP should do well against BTC and USD value should increase! I usually give more analysis but I am busy today.
If you don't know about FXRP (XRP fork) then you should look it up on the interwebs :)
