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ellynacci

A little "jump" on morning session, maintained above a valid DTL and support turns resistance at 1.660. We are optimist on further bullish movement towards 2.25. Support is seen at 1.40. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only

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Technical markings are still intact

ellynacci Updated 

Breached valid DTL on weekly chart. Our target is at 0.41 and if the rally continues, next target is at 0.995. Price movement below support at 0.18 could push the price lower. Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

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MCT was significantly breached a DTL from Dec'19 and found resistance at 0.34 with overbought condition as seen on weekly and daily RSI. The price could take a breather at this level. Support is seen at 0.225. Should the buying momentum persist the price could climb higher to 0.51. It will meet resistance at 0.41 on the way up. Disclaimer: No trading strategy...

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MINDA is seen optimist as a strong DTL on weekly view has been violated and the price was pushed higher above resistance level at 0.90. However, the price found resistance at 0.12 coincide with overbought condition is seen on daily RSI which could cause a pullback. Support is seen at 0.045. The company has proposed for share consolidation. Hence share holders...

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The price has significantly travel above a valid DTL and twelve-months range bound area. Should the buying momentum persist, target level is seen at 1.455. Conversely, key support level can be seen at 1.09 and 0.885. Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only.

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Dayang was enormously dipped on Feb 2020 amid the Covid19 pandemic and found support at Fibonacci 1.27. The share was still struggling below resistance level R1, however, has indicated several bullish reversal patterns including Double Bottom and, Inverted Head and Shoulder.. The price is on the cusp of breaking R1 since Feb 2021 after remain undecided for...

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Commodity index is reluctant to pierce the aforesaid 37 (R1) level coincides with 200w SMA indicates the index will take a breather to neutralize its prolonged overbought condition as seen on RSI. The index could make a return move to support level at S1 or further to S2 before it could introduce a change in trend to Bullish, if it could travel above R1. The...

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Ended the game at Fibonacci 6.86 with V-TOP pattern. Price steadily moving below Fibonacci 1.618. History repeat itself Disclaimer: No trading strategy provided here. Our content is intended to be used and must be used for technical analysis education purposes only.

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The attempt to break out above the Fibonacci barrier have been met with reversal as the share plummeted below Support 1. Hence, the price could drop lower to Support 2 at 1.97. If the price could breach below Support 2, there will be no barrier for further price drop towards 0.65. Disclaimer: Our content is intended to be used and must be used for technical...

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Chart 1 A helicopter view on weekly timeframe (Chart 1), we can see the Bullish market structure with formation of Higher Highs and Higher Lows. In July 2017 the price reacted at Fibonacci Target 4.236 and plummeted to support level at 0.22. The price was consolidated for two years, before surging higher forming new ATHs. Our view is Bullish here. Chart 2...

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Base on our Fibonacci target, BTC could reach another psychological barrier above 70000. Theoretically, round number is unsafe for trading orders as big players could manipulate the price slightly higher, or lower these numbers. In our view, BTC could reach 77000. Price action at this level will determine continuation or reversal. Nearest support is at...

ellynacci Updated 

DATAPRP - The price structure remains bullish, however today the price reacted at Fibonacci barrier at 3.81. If the price could close below Support 1 during the day, the chances to drop to Support 2 is high. However if the price violated Support 2, then technically the Bearish movement could begin. Disclaimer: Our content is intended to be used and must be used...

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As we could observed, FCPO for the last contract hit new ATH. However this week, June contract closed with Dark Cloud Cover candle, sharply at Fibonacci resistance 4.236 coincides with negative divergence seen on slow RSI. The price has violated a tentative uptrend line on Daily view, hence there could be chances for the price to work below this level for a...

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G3 has been moving to the downside below a valid UTL preceded by losing momentum seen on the MACD. As the price failed to close above 200-days SMA, it could drop lower to support level at 0.675. If the price breaches below this level the share may lay down the foundation for a new downtrend and this will cap off the potential bullish movement. Disclaimer: The...

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DNEX hit Fibonacci 4.236 coincide resistance in Mar 2002 and overbought condition is seen on RSI coincide with negative divergence on volume. New long positions have to be really cautious at this price level. If the price could rally above this level with continuation evidence, the next price target is 1.55. Disclaimer: Our content is intended to be used and must...

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XOX - no sign of bullishness the the moment as the price still moving below resistance. Next support level is at 0.05. Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.

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Velesto is in the cusp of breaking Resistance level R1 at 0.19, however there are many evidence that Bullish momentum is strong as seen on DMI preceded by earlier Exhaustion Gap, V-bottom and violation of a valid DTL. The price subsequently moving above the Resistance turns support level, followed by another Bullish Flag formation as another continuation Bullish...