PedroNegreiros

PedroNegreiros

The S&P 500 was signaling a potential double top on the weekly timeframe, accompanied by a lower RSI—a highly bearish indicator. From a macroeconomic perspective, recession risks are also mounting. However, last week saw an unexpected and significant rally, which could potentially negate even the most bearish signals. Overall, I'm still neutral on this one.

PedroNegreiros

We’re seeing an inverse iH&S, with the price moving above the cloud and the 100MA on the daily timeframe. Despite low retail liquidity and the current weakness of altcoins against BTC, this setup points to potential price appreciation, supported by upcoming rate cuts and cash injections into the crypto market. Also, it has the AI appealing narrative.

PedroNegreiros

Dropping below the cloud with a bearish TK cross on the weekly timeframe leaves little room for a bullish outlook. The USD is weakening amid a probable recession and upcoming rate cuts, while the Bank of Japan is set to raise interest rates for the first time in years. This could pressure YEN borrowers and create stress in the markets.

PedroNegreiros

The price is above the cloud on the weekly timeframe and is currently testing the 100MA. Despite the huge speculative trading around this particular ticker, the trend seems to be heading toward a full reversal. The driving force behind this shift is macroeconomics: the anticipated rate cuts, which are expected to lower short-term bond prices while supporting the...

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The chart has formed a Head & Shoulders pattern following a double top, which needs to be invalidated to avoid further downside pressure. That’s what the bulls are attempting to achieve, but the question remains: will they succeed? Additionally, we are frequently testing the 200MA, a key long-term support level. From a macroeconomic perspective, a recession...

PedroNegreiros

It is very likey in my opinion that the price is developing an ascending triangle, but needs confirmation. Scenarios: 1. Price reaches a lower low in 53.5k, and breaks ath forming the ascending triangle pattern. 2. Price fails to make a lower low, but support in 51k helds and price retakes bullish force, probably enough to break ATH in the incoming test. 3....

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We broke above the cloud on the daily! With DeFi coming to Tron ecosystem, billions locked, is it time to finally turn the tables on the previously discredited Tron?

PedroNegreiros

Trend reversal developing, like most of uranium sector.

PedroNegreiros Updated 

Classical bearish pattern.