Currently @ 30,600 As the month comes to an end we expect some short term bullish movement just like the previous month. Bullish Scenarios 1. If Dow 30 breaks above 30,800 will expect it to test resistance @ 31,000 (38,2 % Fib Ret) with a reversal back to 29,600 to complete a bullish harmonic on the 4H chart 2. If Dow 30 breaks above resistance @ 31,000...
Currently @ 20,800 In our last analysis Bitcoin was trading @ 29,000 and we were bullish expecting it to continue its bull run & treating 25,400 as its new yearly lows as this was at a major support trendline dating back to April 2020. Sadly bitcoin broke below this trendline signaling further bearish movement and hitting new yearly lows @ 17,500. What to...
Last year May we saw a potential crash for the Dow Jones 30 due to inflation fears and now what we predicted is finally happening. In our analysis a year ago Dow 30 was trading at 34,644 after reaching highs of 35100 we saw a potential sell signal on the 1W chart which was the formation of a bearish harmonic. this halted our longs and swings on the Dow. So...
Currently trading: @ 29544 We expect bitcoin to be bullish in the next coming months with its bull run reaching 89,000 before Jan 2024, Buy entry @ 29500 with a possible fall to 20,000* will give you a risk to reward ratio of 6.1* As you can see from the chart bitcoin has recently bounced off a major support "up-trendline" which acted as support trendline...
Currently trading @ 31773 The Dow has been in a bearish trend for 8 weeks now and we still expect it to continue its bearish trend. Currently approaching the edge of the descending channel We expect it to reject a potential break-out and it to continue to the downside. Long-term we expect Dow to reach August to November 2020 support levels @ 29200 before...
NDQ = Current price @ 11,923 The Nasdaq has yet again rejected resistance at 12,560 for the 5th time now and is heading back to previous support @ 11,699 The Nasdaq has been in a bearish trend since the war in Ukraine started what is fueling the bearish move is actually inflation worries in the US as well as poor Q1 reports from companies like Amazon, Netflix,...
Currently @ 94.00 We would expect it to treat current support level as resistance & continue its bearish sell off, We expect it to target the next support @ 93.400
Currently trading @ 14900 pre market hours Nasdaq has broken above its descending/ down trendline signaling a buy opportunity We expect Nasdaq to trade back in 15000 and reach 15700 by/before the end of this month of October
Currently @ $32,900 We still expect Bitcoin to be bearish. If you look at our Last/Previous analysis we expected it to test $30,000 and break below this Our target for bitcoin is $20,000 before it bounces back, But currently we have a BUY signal at the moment but it might be short-lived "Bullish Harmonic forming on 4H chart" If confirmed and if Bitcoin...
Currently trading @ 35500 Bitcoin is still bearish As you can see from the chart we now have a bearish triangle suggesting a continuation of a bearish trend for bitcoin, also the pair is still trading within its descending channel We expect the pair to test $30,000 and break below this price targeting $19,000 before a reversal & a potential bullish breakout...
Currently @ 34645 This is a long term analysis on the Dow Jones In the month of May we have seen high volatility in the Dow Jones, which was fueled by inflation fears in US, seeing the Dow lose +1500 points just in 2 days Though the Fed has assured the public & investors that they have everything under control & their tools will be able to manage any outcome....
Currently @ $1905 We expect gold to be bullish till $1920 just like our previous analysis then a retracement back to $1900 before it continues its bullish trend to next resistance @ $1950 As long as the pair is trading above our upward trendline it will remain bullish link to previous analysis below
Currently @ $39,000 Bitcoin has been facing some downward pressure lately & any upward movement could possibly be just a retracement before another fall Although the pair is now treating one of the key trendlines as support it still seems limited to resistance @ $42,000 & another minor downward trendline @ $40,700 If it decides to respect this downward...
Currently @ 13700 We expect Nasdaq to be bearish A retracement back to 13400 or 13100 before it turns bullish if it breaks above the down-trendline & treats it as support then we'd expect it to hit 14100 1st before falling link to previous analysis below
Currently trading @ $39300 We expect Bitcoin to be bullish from here on and test support/resistance @ 42,000 & $46,000 before falling back to $30,000 Do note, Bitcoin is approaching a major support-trendline, if it treats it as support again we'd expect it to confirm our bullish expectation But if it trade below this line we'd expect it to touch $30,000 first...
Currently @ $1866 We expect gold to be short term bearish then long. A possible retracement back to support/resistance @ $1845 before gold turns bullish again Note. Gold has to break below $1863 to be bearish & also treat $1845 as support for it to turn bullish our target is $1850 Here is our chart on gold on the 1D chart
Here is our prediction on Bitcoin using trendlines Recently most analysts speculate Bitcoin will reach $100k in the near future with some stating that it will reach this target before the end of this year 2021 Target: $100k Since the target is $100k we will only be using Bullish trendlines Our prediction of bitcoin reaching $100k is based on four major Bullish...
Here is an analysis on Gold long term Last time we looked @ Gold long term analysis the pair was trading @ 1698 We expect gold to reverse @ $1680 level & expect another $2000 attempt. However a bearish harmonic is forming currently on the 1D chart, not yet confirmed What to expect. Bearish harmonic formation @ an area of support/resistance on the 1M chart If...