Bitcoin has near doubled over the past year, a little profit taking is expected. Currently neutral on the daily RSI and Stochastics, however every other indicator is screaming buy. I expect a sideways range and plan to trade basic support and resistance. Any thoughts?
Text book says "wait for the zones". This appears to be the beginning of a larger parabolic step formation. We can therefore expect four defined levels up which would put us into the 100s. "Traders view the parabolic formation as one of the strongest uptrend patterns that precede reversal."
This might be a once in a lifetime accumulation area...
Maybe you can sell it and buy it back lower, good luck.
Amazon is going down, it's no longer a major allocation for me. The next real support is 35% lower.
AMP shows potential of a breakout. Good risk/reward in my opinion. Keep it simple, good luck.
It's 200% up to the nearest major resistance area of .42, just saying.... patience patience patience all or nothing gamble?
The Twitter deal was the pin that popped this bubble? Musk is no doubt a brilliant man, but this is just one more thing that divides his attention. In my opinion, the psychological support level is 420 (50% lower). The yearly performance is still up 30%, I expect more profit taking ahead. There is also significantly more competition in the EV space.
The risk reward is very good. I'll be spreading some extra cash across these four charts heading into summer. BAND, DESO, GODS, NMR.
It seems meme stuff are trending again. I'm expecting this junk to also move big soon. Moving averages and MACD are now showing "BUY". Resistance levels are .16, .20, and .26... We all know how powerful momentum can be. Good luck.
Gold is either a double top or a large ascending triangle. Either way, I don't expect a fresh breakout anytime soon on a daily chart. A hawkish Fed and stretched technicals is enough to justify a pause here?
By comparison, SOL significantly outperformed over the last year (+500%). Due to concerns about hackers, network stability, aggressive competition and falling demand, I think it's only fair that SOL pause to consolidate. Year-to-date it has pulled back -40% which is no big deal. I will be trading the range between 75 and 125. In my opinion ADA, XLM and DOGE have...
This looks like an excellent range to trade between until earnings.I'll be watching the 100 day moving average. The plan is to sell the 900s, buy the 700s... The pivot is around 850 area. I'm also considering a short straddle strategy. Thanks.
Dogecoin has been steadily declining for the past few months but is finding support in this area. We are nearing the trendline and a hammer can be seen. I anticipate a 40%+ jump by end of month. I'll begin to average into this with a mental stop. (My target orders are $.16, $.20, and $.26 based on current pivot resistance levels, with a soft stop loss under $.10)....
A few weeks ago, I was stopped out on this chart. However, I'm seeing a better setup now and I'm willing to try it again... I will buy the $1.80s because the fib and the order book suggests this area. I also saw a red Hammer candlestick pattern which showed a bullish sign. Most traders will wait until a few days after a Hammer pattern forms to see if a rally...
The current Pivot on Solana is at $119 with the first support at $60 and the first resistance at $159. In the short-term, I think that we can easily see a 35%+ move up towards the pivot between now and summer. The RSI (14) is currently rising and the Momentum (10) is signaling a buy. Cheers!
I think that we can see a tiny bounce here so I'm cautiously adding. At least 20% up is very possible for a quick trade... Let the games begin!
As of now, the 4-hour oscillators are signaling a buy. The SMA50 has crossed above the SMA100. I'm watching for an entry very soon as I expect the 18-23 area of support to hold. My first target will be the 28-33 area (30%+ upside). This will be a swing position. Let me know any thoughts on this thanks.