Nathan_The_Finance_Hydra

Nathan_The_Finance_Hydra

• BTC hit the target we mentioned yesterday, as it triggered our Double Bottom chart pattern. The link to my previous analysis is in the link below this post; • Now, BTC shows some exhaustion, but it is still bullish in the short/mid-term, as it is doing higher highs/lows and it is above its 21 ema; • There’s no clear bearish top sign yet, and BTC would only...

Nathan_The_Finance_Hydra

• As we thought last Friday, the index did a sharp correction this week – the link to my analysis on Oct 28 is below this post; • It just a dual-resistance area, made by the black line at 3,911 in the daily chart (multiple support/resistance level) and by the 21 ema in the weekly chart; • Now, the index is rejecting completely last week’s positive...

Nathan_The_Finance_Hydra

• SHIB is trying to trigger an IH&S chart pattern just above the key support at the black line; • Would be important to see SHIB breaking the blue and purple lines in order to trigger a bullish reversal – this could make it seek higher levels; • However, if it loses the black line, it will frustrate any possible reversal thesis, and the next stop is at the next...

Nathan_The_Finance_Hydra

• BNB is very bullish, but it has to face its most challenging resistance now, around $337; • The $337 is a triple-resistance area, as seen in the daily chart, and only if BNB breaks it, we’ll see a bullish run to the next resistance at $413; • However, if BNB fails in breaking this resistance, and triggers the Double Top chart pattern seen I the 1h chart by...

Nathan_The_Finance_Hydra

• BTC is in a key support level. We see a Double Bottom around $20k (1h chart), and BTC just hit the 38.2% retracement in the daily chart, which is very close to the 21 ema as well; • Although today’s candlestick is bullish, BTC has yet to break the black line at $20,387, as this is the trigger point for the Double Bottom; • In this scenario, BTC would seek the...

Nathan_The_Finance_Hydra

• We nailed another target on SPX, as it did exactly what it had to do, and it hit its 21 ema yesterday, just after I posted my daily analysis; • Today, it is under the 21 ema, indicating that the sell-off was intense, but we see some reaction; • While I’m writing this, SPX is trying to do a Hammer/Doji candlestick pattern in the daily chart. The pattern is still...

Nathan_The_Finance_Hydra

• AMD is in a critical situation, inside an Ascending Triangle chart pattern; • To whatever side it breaks, AMD will look interesting, so let’s work with a few scenarios. • First, by doing a downwards breakout, it’ll just resume the bearish sentiment (AMD is still bearish, keep this in mind), and the next support around $54 would be just the first...

Nathan_The_Finance_Hydra

• The SPX did a strong reaction after FED, and it is trying to recover from yesterday’s drop; • In fact, this reaction might frustrate the possibility of a pullback to the 21 ema area, which we already discussed yesterday, but it is too soon to tell, as the index must confirm more bullish signs first; • In order for the index to truly reverse and seek higher...

Nathan_The_Finance_Hydra

• AAPL hit our target, and it is behaving exactly as we expected since my last public analysis (link below this post, as usual); • Now that AAPL hit our target at the 21 ema, it is doing a bullish reaction in the daily chart; • In addition, AAPL hit a trend line, in the 1h chart, that connects the previous 3 bottoms – another meaningful support level; • AAPL could...

Nathan_The_Finance_Hydra

• The SPX hit its key resistance at 3,900 and it failed in breaking it; • This is a sign of weakness, and by confirming a top sign under its resistance, a pullback is very likely to occur; • The next support area on SPX is around 3,780 – 3,760, around the 21 ema and the previous top level seen on Oct 18 (red line); • For now, let’s keep these support and...

Nathan_The_Finance_Hydra

• UBER is doing some interesting technical movements, even with the increased volatility after earnings; • UBER went up just to hit the previous resistance at $30.24, a previous support from Oct 06; • While I’m writing this, UBER is trying to do a Shooting Star candlestick pattern, a top sign; • If UBER confirms a top sign, just under a resistance area, then we...

Nathan_The_Finance_Hydra

• SOFI jumped after earnings, but it hit a critical resistance; • In the daily chart, there’s a resistance area made by the previous top levels seen on September (blue area); • In the weekly chart, SOFI just hit the 21 ema. In addition, the trend is still bearish, as SOFI could do a higher high and it is still below the 21 ema; • However, it seems it found a...

Nathan_The_Finance_Hydra

• Tech stocks are having a hard time recently, as QQQ is still in a short-term congestion between the previous resistance at $284.45 (Oct 5, 6, 25 and 26 top area) and the first retracement, the 38.2% around $273; • In addition, the 21 ema is flat now, indicating a lack of definition; • Only if QQQ loses the 38.2% retracement it’ll resume the bear trend and seek...

Nathan_The_Finance_Hydra

• META is still in a very strong bear trend, doing lower highs/lows in the short and mid-term; • So far, there’s not a single bullish sign of structure that could help META. Although there’s no perspective of a reversal, we must keep some key points in mind; • First, is the $96.37, the black seen in the 1H and D charts above. If, by any means, META reacts and...

Nathan_The_Finance_Hydra

• AAPL is correcting today, and it just hit its first support level at $152.55, as seen in the 1h chart above; • Could AAPL keep correcting? Yes, but it must confirm the pullback by losing the dual support level in the 1h chart made by the $152 + 21 ema; • If AAPL confirms a pullback, the 21 ema in the daily chart would be the next support area; • As long as AAPL...

Nathan_The_Finance_Hydra

• The crash was intense on AMZN, could it bounce from here? Let’s see; • First, the trend is bearish, as AMZN is doing lower highs/lows in the 1h and daily charts; • There’s not a single bullish structure indicating it’ll bounce in the near future, however, AMZN just hit an important support level; • As seen in the daily chart, the $101 area was a previous support...

Nathan_The_Finance_Hydra

• AAPL is heading to the next technical resistance at $158.85, as seen in the daily chart; • The bias is bullish, as AAPL is doing higher highs/lows in both, hourly and daily charts; • Yesterday, it just retested the 21 ema, before flying again, indicating that this is a key support for the mid-term; • What if AAPL corrects? In the short-term (1h chart), we can...

Nathan_The_Finance_Hydra

• NVDA is going up sharply today, reinforcing the bullish sentiment on it; • If you are afraid of a pullback, keep in mind the channel seen in the 1h chart – only if NVDA loses this channel downwards the bull trend will get weaker; • This wouldn’t be a reversal sign though, as we would need to see a bearish structure for this, and so far, there’s not a single...