After NDAQ triggered this Head & Shoulders, the target of this pattern is the 116.19 (green line). Now, we see a pullback, and today the price met the 21 ema and formed a harami / hammer. It is very good, and if triggered could be a very good, quick trade, with a clear stop and nice risk/gain relationship. I wish it would sink a little lower, to 100 point region...
It’s nice to see the bulls gaining the upper hand here, after the frustrating candle we had yesterday. But, if we look at the 60 minutes timeframe chart, we can see more clearly why SPX did this. We are at a rectangle region, it could be an accumulation or distribution, but the next move should be bigger. Now, what we see is that SPX could trigger a pivot...
The analysis here is simple: There’s a triangle, and two resistances to surpass. It seems it is going to breakout this triangle, which is very good, but LTC has a very shy movement, if you compare with ETH or BTC. It needs to breakout the U$ 44.51 and the U$ 47.76, then the next stop will be the green target region. It seems it is going up; triangles are very easy...
After a harami-cross, near the 21 ema and near the upward trendline, we could figure out ETH was going up (check my previous analysis for more details). Now, ETH is behaving similarly to BTC, and the price is “resting” for now, waiting the 21 ema get closer. Still, we need to see a candle closing above the U$ 191.22 for a clearer confirmation here, but the trend...
So BTC gave us an obvious trade recently, and now is doing what was expected to do, as I said in my last analysis. I warned about how strained the chart was in 60 minutes timeframe, and we should expect some correction. Now the price is “resting” a little, letting the 21 ema get closer and closer. After the harami pattern (could be a harami-cross too, if you...
There are a few things to consider when we analyses this chart. Some of them are good, and some not. The good side: FB respected a very strong support, the U$ 168 – U$ 171 price region, which consists of 1 – Support, from previous top (blue line); 2 – Support from the bullish trendline (purple line); 3 – 38.2% fib retracement 4 – 21 EMA support. Now the prices are...
SPX is rambling on now. That’s ok, let it take its time, but this candle today is a little annoying, truth should be told. I’m still waiting for a clearer bullish sign here, and I hope it will happen soon. The best places for a bullish pattern appear would be at the orange line (previous top), or at the 21 ema. Yesterday, the bulls showed strength to us, but now...
Ok, so between LTC, ETH and BTC, Litecoin is the one with the shyest behavior here. While BTC and ETH gave us good profits, LTC still must start a bullish trend for real. I believe in LTC, I think it is going up, but we need more confirmation here. It didn’t even breakout the previous top yet (U$ 44.51). I wonder if this could be a triangle (purple lines). If so,...
Ethereum is going well, no surprises here. This was a classical long trade (a very good one, in my opinion), because we saw a harami near 21 ema and near trendline, all together in a bullish trend (daily) with a nice risk/gain relationship. Check my previous analysis if you missed it. Now I’m going to quote myself in my last BTC analysis: “A bullish harami is a...
Greetings traders! So, continuing from my last analysis, bitcoin did what was supposed to do. If you like faster trades, that harami just above the purple trendline already gave you a good profit today, that was an easy trade with a nice risk/gain relationship. Feel free to check my previous analysis, if you missed it. A bullish harami is a bullish reversal...
In my last ETHUSD analysis I emphasized the importance of a closure above the U$ 176 to resume its bullish trend . Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema , also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup. The main target...
In my previous SPX analysis, I was hoping to see it comes all the way back to 2641, but the 21 ema is doing a good job as a support here. If S&P goes up and close above the blue line region, then it will probably stop only at 3136, a sign of real strength here. I was working with a scenario where the decisive point would be the orange line, but the 21 ema already...
In my last BTC analysis, I warned about the Head and Shoulders , and if triggered, could sink the prices all the way back to U$ 3850. Fortunately, the ghost of this bear pattern is disappearing (almost completely), and the bulls are showing strength. Now we see that the price respected the upward trendline (purple), and a harami cross pattern appeared in the...
We see that AAPL is now above the 21 ema, above an upward trendline, and if it closes today above the U$ 271.70 will be a very good sign. If AAPL loses this upward purple trendline, the price will ramble for a while. Meanwhile, the trend will continue. There next challenge will be breakout the U$ 288.25 price region, then it’s easy to imagine the prices going up...
Disney can get into trouble here. What we see is that the stock failed 3 times to breakout the U$ 108 region (evidenced by the 3 blue rectangles). If it loses the U$ 99 (orange line) it’s a short setup, and the prices could sink down to U$ 92.67 (first target, pink line), then to U$ 79.09 (last and optimal target, red line). I believe Disney is a wonderful...
In my last ETHUSD analysis I emphasized the importance of a closure above the U$ 176 to resume its bullish trend. Now, with a breakout of yesterday’s high (a harami cross) we see the bulls gaining strength. The candles are above the 21 ema, also above the upward trendline (purple line), and if closes above U$ 176 will confirm the long setup. The main target here...
In my last BTC analysis, I warned about the Head and Shoulders, and if triggered, could sink the prices all the way back to U$ 3850. Fortunately, the ghost of this bear pattern is disappearing (almost completely), and the bulls are showing strength. Now we see that the price respected the upward tendency line (purple), and a harami cross pattern appeared in the...
LTCUSD totally denied the flag pattern it was doing at 60m chart, and breakout the high of yesterday’s candle (a Harami pattern, in the 21 ema region). I hope the bulls are showing up right now, and if so, LTC will probably have the strength to breakout the U$ 44.51, and most important of all, the U$ 47.76, which is a fib. retracement and previous top. It...