Technical Weekly Analysis: US30 (Dow Jones Industrial Average) A Short Outlook on the Previous Movement: The US30 has experienced a strong bullish trend, characterized by an ascending trend line that began around early 2023. The price saw significant gains until it reached a resistance level near 40,970.0, where it faced some consolidation and pullbacks....
Hey Guys, the Quarterly and Yearly Chart are Bullish. The Monthly is showing 5 waves - could mean that some traders are willing to take some profits because they expect an ABC - Wave Correction from here. However, a Fifth Wave extension is not that unlikely because the third has not been extended. in simple words: We might see a bit of a correction - or we...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 MRNA has been overall bullish , trading above the trendline marked in blue. Currently, MRNA is undergoing a correction phase in the shape of a falling channel. Moreover, it is retesting massive support zone in green. 🏹 Thus, the highlighted blue circle is a strong area...
Technical Analysis: US30 The price trend for US30 is currently bullish, targeting 39,050 as long as it remains above 38,790. There is also the possibility of a price correction down to 38,790. Bullish Scenario: As long as the price trades above 38,790, it will likely push up to 39,050. Bearish Scenario: If the price breaks below the support level at...
manage to grab a scalp during London session but the bigger move came in NY session. Price is still indecisive and not showing what direction it wants to go just yet. Just have to sit on hands for now. Waiting for london session to see if things change.
Correlation between US CPI data and Bitcoin price in the following period since Nov '23: 14 Nov '23: CPI -0.5% > BTC +22.59% 12 Dec '23: CPI -0.1% > BTC + 16.29% 11 Jan '24: CPI +0.3% > BTC -17.36% 13 Feb '24: CPI -0.3% > BTC +45.84% 12 Mar '24: CPI +0.1% > BTC -15.68% 10 Apr '24: CPI +0.3% > BTC -18.21% 15 May '24: CPI -0.1% > BTC +17.38% (for now) 12...
Technical Analysis The price dropped by approximately 1.30%, as mentioned in the previous analysis. Currently, the price will trade between 18,435 and 18,550 until a breakout occurs. Bearish Scenario: Stability below 18,435 will likely lead to a drop towards 18,250. Bullish Scenario: The price must break above 18,550 and stabilize to reach 18,650 and...
Price is falling towards a support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit. Entry: 38,606.09 Why we like it: There is an overlap support level which lines up with the 61.8% Fibonacci retracement. Stop loss: 38,120.14 Why we like it: There is a pullback support level...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📉 DXY has been overall bullish trading within the rising channel marked in red. Currently, it is undergoing a correction phase, and approaching the lower bound of the channel. Moreover, it is retesting a strong demand zone highlighted in orange. 🏹 Thus, the highlighted...
Hello TradingView Family / Fellow Traders, As per my last analysis, shown in the attached chart, ETH rejected the $3000 round number and surged by over 20%. What's next? 📈As long as the $3500 round number holds, we expect a continuation towards the previous all-time high of around $4800. 📚 Always follow your trading plan regarding entry, risk management, and...
On Yesterday News DXY has broken our 4h Trendline and has formed a Bullish Divergence. Considering today's News we can expect a restest of our trendline and then fall to the downside.
Simple trading - Heads and shoulder BTCUSD is dropping below the 1hr heads and shoulder pattern. 2 things will play out here, 1. BTC will continue to drop to target @60k or retest the previous resistance @62k then drop to the 60k level. 2. BTC will reject the head and shoulders pattern and regain bullish strength back up to 64k **If BTC fails to remain...
For now it is to watch and let effect take as to what will happen. We don't predict the market but we forecast from signs of the market and we build ideas on that, then according to our plans we set out to make the most we can. Hear we have different highs and probably why the sell off has not began. But we know that we are in a correction of a bearish leg. This...
Investing isn't always that easy, heh? Especially in Bear Markets, the market circumstances seem to trick one into thinking, that the next bull run will happen soon. The Bull is climbing up the stairway and it takes a while, whereas the bear jumps out of the window. Looking at YTD 32.88% decline as of 27.06.2022 in the US TECH 100 is one of the worst Q1 and Q2...
Simple trading - Head and shoulders I do not need to say much, BTC has broken below the head and shoulders neck line. SELL (entry6300) I would usually wait for a break and retest, but it's the weekend and BTC could drop in a couple of hours. Or it may hold above 63000 until tomorrow. USE STOPLOSS (63500)
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GOOGL has been overall bullish, trading within the rising rainbow wedge pattern. Currently, GOOGL is in a storm 🌪/ correction phase and it is approaching the lower bound of the wedge acting as a non-horizontal support. Moreover, it is retesting a strong support zone at...
Have you ever wondered what happens when a growth stock, well, doesn't grow anymore? Netflix is, at the moment, just a few bucks (I mean billions lol) below the 100 B dollar market cap. kinda big uh? it's like 100 unicorn start-ups together :D Anyway, let's get to the point. In the past, the company now considered OLD for us, the younger, simply exists, and they...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURUSD has been overall bearish , trading within the falling wedge pattern in red. Currently, EURUSD is approaching the lower bound of the wedge. Moreover, it is retesting a strong support in green at $1.08. 🏹 Thus, the highlighted red circle is a strong area to look for...