binyagoub

02:14

binyagoub Updated 

This is a technical look at Dow Jones utilizing Fibonacci Retracement/Extensions.

binyagoub

If we look at the Dow Jones journey from the highest ever (29,568) down to (18,213), we can see clearly Waves 1, 2, 3 and 4 already formed with wave 3 being the longest. We are now at wave 4 which has retraced back to 38.2% (22,551) and may get extended to 50% (23,891). Wave 4 cannot extend to 61.8% since this will violate EW principles of not retracing to...

binyagoub Updated 

NYSE:EXPR Looking at daily chart of EXPR, the following is my insights: 1. EXPR was in a steady uptrend from Aug 2019 until Dec 2019 2. During Dec 2019 and on a reaction to Earning report, EXPR exploded above the steady uptrend channel hitting a high of 6.24. 3. Since December and until now, EXPR has been retracing back. It reached a bottom of the original up...

binyagoub Updated 

EXPR has been on a bullish run recently reacting to news about management efforts to return back to profitability including shutting down some stores. It has just retraced from a high of 4.68 after getting overbought on the RSI indicator. This retracement caused a break down of the uptrend line and chance for collecting profit for those who were able to...

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NASDAQ:POLA POLA has two potential targets based on either break of the uptrend line which is still not strong enough (SELL) or break the resistance level to continue going up (BUY).

binyagoub Updated 

As you can see from 4Hr chart of BTC, it is moving in a symmetrical triangle. We are heading to test 7100 again after we could not breakthrough two times previously in the recent up trend. We hope this time we will be able to have a breakout through 7100 level. If this happens then we expect to hit 7400. Below is one expected scenario.

binyagoub

Based on the recent retracement of BTC to 6800 and the bounce back, it has formed a cup and at the current levels, if we don't have enough buying power and sellers are coming back then by going back to test 6800 we will form a handle. This will crate the inverted Cup and Handle Pattern which is bearish. Based on the cup size that was formed, we expect the target...

binyagoub

As you can see from the charts, there are so many numbers of trend lines close to the current price action. This shows how strong the resistances are at this level. I believe by hitting 7080$, we will be passing through all those trend lines and make a new up trend line that will pave the way to 7150$.

binyagoub

Double bottom formation which will support further the bullish movement of the crypto.

binyagoub

As you can see fro the hourly chart of BTC, we ave already formed the cup and in the way of forming the handle. It needs little push up to complete the pattern.

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As reflected on the 60 min chart, BTC is channeling up.

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ETH is breaking out the ascending triangle. We need to see it retracing to the top of the triangle and then bouncing back. If this happens then we expect to see good bullish move.

binyagoub Updated 

Looking at the Murrey Levels (MML) on the 4hr chart, BTCUSD has entered back the trading zone which is between the 3/8 (6405$) and 5/8 (6710$) MMLs. BTCUSD has been away from this trading zone since 3rd, August. Being in this trading zone, it shows that BTCUSD is getting stabled and resuming normal life. The expected behavior would be to reach first to 4/8...

binyagoub

By looking at the weekly chart of ETHUSD, we can see the trend down, however with the strong pull back we just had, we are now touching the bottom trend line. This most likely will created a bounce back and thus some opportunity to go long.

binyagoub

Looking at the daily chart of ETHUSD, we can see that in our retracement journey, we still have miles to marsh north. Our Fibo retracement started from 250$ and we were able to cross 23.6% (312$) before we retraced back. Considering the last three days, on net we are on positive gain. In my humble opinion, I think our next target is to reach 38.2% (352$) as a...

binyagoub Updated 

Last April, ETHUSD got oversold afte rwhich it rally around 470$. Currently, it is oversold. Is history going to repeat itself and see another 470$ rally. Buckle Up

binyagoub

On the daily chart, ETHUSD is oversold and starting to retrace. Last time it was oversold, it happened during last April after which a 470$ rally took over. With the current oversold scenario, shoul we see this 470$ rally again?

binyagoub

We are stil in a bullish trend. I see excellent opportunity for those who are not in yet or those welling to buy more once we have a small pull back to 6375 which is the lower trend line and 38.2% FIBO level.