Market direction is completely based on what happens to Tax Reforms Bill. If it doesn't get approved...then WMT will go into $70+. If it gets approved then possible targets are as mentioned in the charts. Most of the stocks are in overbought position. After tax bill gets approved they will make a big jump and then quickly enter into a minor correction...
DJI tested 18000 fib number, crossed 1st target of 19K( 1.6 times to 2009 low) and currently testing fib number 23600. Looks like it is headed towards it's next target zone 26,200-26,600. (26,200 is fib number. 26,600 is 2.6 times of 2009 low). RSI is significantly high. I guess it will continue to stay in overbought zone for few more months. Another 7 bars (7...
We should be cautious in the market whenever there is a H&S pattern. We should not buy until it gives a clear buy signal. If we buy on a false buy signal it may lead to huge losses. (Normally in H&S pattern...once it breaks the neckline it will come back to the neck line as if everything has changed and then swing back down...false buy signal. We should wait until...
We should have targets either it goes up or down. I believe it will have rapid movement once it crosses the triangle. Disclaimer: This is just my opinion, not an advice. Trade at your own risk.
TSLA is showing good bullish trend. It may face some resistance at $327-$335. After that it may reach to $360 and then $380. Disclaimer: This is just my opinion based on my knowledge and experience. Trade at your own risk.
MU has reached high point at exact Fib numbers and turned back. Now, it found support after retracing nearly 50% of previous rally. It is showing bullish signs across many indicators. We can have a bullish confirmation once it crosses $42.10. Since IT sector is highly volatile now...I would go for a straddle (buying a put and call at same strike price for same...
AMZN has been trading in channels since January 2016. Right now it is trying to re-enter bullish channel. RSI and CCI show +ve direction. But, I don't show enough money flow to support bullish direction. Also, it is showing formation of Head and Shoulder pattern. I think this is in very risky zone. If it doesn't break the resistance line then there is a huge...
For the last 20 days RSI has been in bearish zone. It hasn't entered bull zone. I would wait for some more time to buy until I get a clear direction from the market. Positive money flow is very low and slow but steady. Based on chart and indicators I believe there is a possibility that it touches 3K again before giving any major +ve bounce. Disclaimer: This is...
On 15Mts chart BTCUSDT is making and ascending triangle...that is a short term bullish signal. If it breaks resistance then it should have sharp upside. Disclaimer: This is just my opinion based on my experience and analysis. Trade at your own risk.
BTC had 5 supports and moved from $3,920 to $4,280. That is a good sign. It has some resistance at $4,280. If it breaks $4,320...then it will go upto $4,550. If it finds support at $4,620 it will enter into major bull run... Disclaimer: This is just my opinion based on my experience and analysis. Trade at your own risk.
You can have profit even while BTC is falling (Intraday Trades). It falls to a support level and bounces up to a resistance level and then falls again. Observe the Price support zone and RSI Support Zones. If you see both pointing up in support zones then buy and sell at resistance zone if you see RSI reversal. Follow a specific time window in your chart...like...
NEOUSDT just triggered buy signal on 4Hr chart across all indicators. Disclaimer: This is my opinion based on technical analysis. Trade at your own risk.
I think PIVXUSD has reached its peak. Every indicator on 4hr chart shows beginning of negative trend. I think it will rest for a while before it strikes back. I would sell at this point. Disclaimer: This is just my opinion based on technical analysis. Trade at your own risk.
I think BTC is trading in a zone (between the two blue lines - Support and Resistance lines). BTC will have a sharp move - up or down if it crosses the zone. Disclaimer - This is just my opinion based on my analysis, not a suggestion. Trade at your own risk.
Daily chart points +ve momentum. I would hold it for some more time.
Short Term: STRUSDT moving towards south for short term (30 MT chart). Long Term: On daily chart it is near breakout jone. RSI points positive direction. If it breaks out resistance then it will move towards 0.02 and may go higher. Need to wait for breakout confirmation. Disclaimer: This is just my opinion, not an advice/ suggestion. Trade at your own risk.
RSI on daily chart is more than 80. 4Hr, 1Hr and 30MT charts point towards south. I would take profits here and exit positions in Dash and wait until another good opportunity triggers. Disclaimer: This is just my opinion, not an advice/ suggestion. Trade at your own risk.