Wing/Usdt trying to break a Falling Wedge, Entry will be after clear breaking so retest area will be the entry // this is not a financial advice
Good Luck
The black trend is quite strong to prevent falling and the method can be calculated, in addition to MA50 support and the blue line are among the good supports that are the opportunity to buy in these two steps. The resistance is a red line and it cannot start a strong climb until it is broken
The 20Apr timeline can be the start of the climb
Do not forget to...
Bitcoin Cash recently breakout an important downtrend line which came from 2018 but it still need to cross the resistance of 0,0326. Base on this, we are bullish on BCH.
Unfortunately we did not get the opportunity to buy at the crossing moment, however if the price goes up to 0,0326 and after a pullback to this support level, there will be an excellent moment to...
As we have previously discussed, we have entered a bear market and must trade smart as the market shows it's true colors and prices fluctuate with volatility.
Displayed in this comparison are two extremely similar conditions from 2002 and present day SPY movement.
It's easy to see that movement from the left chart appears to be more stable than it is before...
This stable movement should continue. Their sheer size should be able to sustain but I doubt growth will be possible, as the consumer will do less during times of tighter budgeting (again assuming 8 - 14 months of overall bearish movement) .
Stable above 42.07 as the lowest point I expect should / could test inside the next 10 months, below this point would be...
HYRE channel 2.58 - 4.34 in play above 2.79
- Ranged resistance should start acting as support now above 2.58 - 2.79 range
- With a close above this 2.79 we should see bullish continuation towards top of channel at 4.34
- We have a stronger mid range resistance at 3.72 that will need to be observed as it attempts to cross
SYY was moving bearish before the miss but this is not looking good for them at all. This is not a dip buy opportunity but rather the opposite. This is an opportunity for puts as they pullback towards their 55.81 and then 47.2 supports. The market conditions should compound this problem as it pulls the index down, the panic from the miss and poor chart movement...
