Dancharles

Dancharles

I like TSLA continuing the bullish run from here but it will have to break out of this trading range and take out the most important short term very psychological level of 200$. Once 200$ gets taken out then the next important level is the clear wall at 214$. I am long on TSLA but it will need to break these levels for confirmation of a trend continue.

Dancharles

With the massive selloff in the market today and the great setup on the VIX it is looking like this little bull run could now be over. In my 2 chart pics I have the daily charts of the SPY and the VXX. This looks very obvious that the VXX is ready to spike which will send the market lower. It is always important when determining where the market is going, to...

Dancharles

Bitcoin is breaking out nicely today but is now hitting 25000 resistance which is a critical level as was getting back above the 20k level. After such a large range today with the 25k wall being hit a pullback is possible. Look for support now at 24k I like a lot of cryptos right now and see the crypto market as bullish again. I like Bitcoin breaking 25k in...

Dancharles

I was very bearish on TSLA but was positive the share price would bounce early 2023, but how high I was not sure. The larger time frames 1 month 3 month and 6 month were very overextended and the pattern was showing rebound early 2023. I have been trading TSLA a lot this year so far, mostly upside but also to the downside when price became overextended on Jan 27...

Dancharles Updated 

Looking at the daily chart on Cardano it is easy to see the tight range between the support at .40 and the resistance at .50. In the pic I show ADAUSD how recently on July 13th the .40 support was hit followed by a rally through .45 where it is at now. Until price get's back above that .50 resistance price there is not too much to be excited about with this...

Dancharles

Looking at the daily chart on Bitcoin it is obvious of the tight range price has been stuck in for around 30 days now. 22k is the resistance that one would want to see price back above to get any excitement for a bitcoin rally. Until that happens expect to see price in this range for maybe a while longer. The positives for the Bitcoin bulls would be that it...

07:05

Dancharles

Looking at my video of Cardano I make a point how price needs to get back above the strong psychological level of 1.00 for the bulls. Most of the cryptos have been pretty bearish lately and Cardano has looked very weak as well. My last video I pointed out how the weekly time frame looked bearish because price was getting too far (overextended) from the moving...

08:31

Dancharles

I am looking at Cardano on the daily, weekly and monthly time frames and breaking down what I see happening. The daily I have been publishing some ideas there showing the wall at 1.20, the support at 1.10. Now there is clear resistance at 1.25 with support at 1.15 The weekly is overextended which means in my trading world that the moving average and the...

Dancharles

Looking at Gamestop (GME) on the weekly charts I wanted to see where it is going in the long and short-term. On the left side we see the massive rally in early 2021 hitting the all time high of $483 and pulling back to around $320. Then in March and June we see to breakouts but failed attempts to take out new all time highs. You see the long upper wicks...

Dancharles

Looking at the daily chart on ETHUSD we can see the recent downtrend showing the lower lows and lower highs and then a more recent area with lower highs where you see my trend lines. Holding the support at 2500 was very important and then the break above 3k which really turned this from a downtrend to an uptrend. You can see the other resistance levels taken...

Dancharles

looking at the daily chart on Cardano price is hitting that wall at 1.20 which I pointed out was the next strong resistance from my last post and of course we can see it from Feb 7-10. With the cryptos looking so strong It is hard to imagine it not busting through it (1.20) and then the next key level will be 1.30. The volume is dropping of late and we can see...

Dancharles Updated 

Looking at the daily chart on Cardano I am seeing price pulling back in the short-term. Around 10 days ago I was calling bullish on ADAUSD after seeing that support hit at .72 on March 11th. I mentioned I wanted to see .90 taken out and then that key resistance level of 1.00 which was the most important. After yesterday's big move above 1.00 and the large...

Dancharles

With the price of Bitcoin looking better of late I wanted to analyze the weekly time frame. As a swingtrader I typically start with the daily, then weekly, monthly and 4 hr chart. First thing I look at on the weekly is the all time highs hit last November of $69182,50, price has pulled back a lot on most of the cryptos since late last year. As of the current...

Dancharles

I am looking at the GBPUSD on a daily chart. It looks a lot better after holding 1.30 support levels and then the breakout. I would like to see a nice break above 1.32 resistance and go from there to really determine if the pound is really ready to turn thing around. Next would be 1.34. We can look back in the past and see levels of support are now resistance...

Dancharles

Looking at the daily chart on the ES futures contract (S&P) Today was a big day with price pulling up and holding the lows form Feb 24. The market has been on a crazy bull run since March 2009 so seeing this pullback is no surprise really, in fact I am surprised it didn't come earlier. Of course there was the pretty short-term collapse in 2020 but then the strong...

Dancharles

Looking at Tesla on the daily chart I have broken down how I am playing this one for the long and short-term. So clearly TSLA is looking pretty bearish along with most of the major stocks these days. Today we see price breaking down and setting up to potentially test that very strong support level and low of $700 from a couple of weeks ago. Since Tesla hit all...

Dancharles

Monero XMRUSD is looking quite interesting today breaking out and looking to test the recent breakout and resistance. We are looking at a daily chart in this idea and I show current and past support and resistance. Like most of the major cryptos XMR has been quite bearish for a while but with this crypto it is at least looking to turn around. 140 is strong...

Dancharles

Cardano has been very bearish along with most of the cryptos for some time but the good news is price did hit .72 support today.. In this idea I am looking at the daily chart of Cardano and breaking down the key areas of support and resistance. For ADAUSD to change from a choppy/downtrend I would need to see the current trendline taken out but most important a...