LTCUSD TA Some key indicators to note: ADX showing strong upward momentum RSI looking overbought (be careful here) Strong upward channel, with 50MA (in green) playing a vital role as support. Expectation: Momentum is strong signalling bullish action. But in the short term, i'd expect to see a pullback to retest the 61% - 78% Fibonacci zone, or the lower bound...
Quick TA on EOS, we see a breakout from its wedge, Target to look out for at 0.00100000 based on Fibonacci levels. But hold your horses, we may see a pullback back to approx 0.00083000 before continuation. ADX level to look out for is at 20, signalling momentum coming in. RSI grossly overbought right now, so i would be patient.
Welcome to this quick analysis on APPLE! Proceeding from the BREAKOUT from an upward channel in Jul 2018, we've seen a double topping pattern at 235, followed by a quick retracement and downward capitulation back down 140. In the past week, we've seen price action desperate to retest the 200MA (in red), only to fall back to the 100MA (in orange) - unlikely to...
Quick look at TESLA, TESLA has been trending well for the past years within an ascending channel (in blue). However, of late, we see a breakdown from its ascending channel, as well as its key support level at $240. This spells disaster for TESLA as the next major support we should see would be at the $180 range. A key resistance level that the stock has...
Jumping into this quick analysis of BTC, April has seen some positive price action, with a spike in volume coming into the month. Breaking out from its ascending wedge, we see a potential bull flag formation in the shape of an ascending channel. Volume has not left - which is a good indicator. For the greedy ones out there, this may be a good time to 'buy the...
Quick TA on the S&P500 Referencing the upward channel in blue, we observe that after celebrating 3 months of green, we're finally seeing weakness at the resistance line of the upper band. The red doji candle at the top spells uncertainty in direction (up or down), but later prints a red candle the week after. Unless this is a consolidation zone for a bullflag...
TA on LTC/USD... We can observe some bullish action from litecoin over the past few days, bouncing right off the 200MA (in red) and testing the upper resistance line of the channel. The ideal scenario would be for a 'golden cross' - where the short term moving average (50MA in green) crosses over the long term moving average (200MA in red). The past 3 months have...
Looking at this long term analysis of Bitcoin, we observe key levels at, 1800 3000 6000 The last major break to the downside was the failed support of the 100MA (in orange), falling sharply to the $3000 level. This has extremely crucial as the the 200MA (in red) has served as a strong support level this past decade. Today we see a tightening and price squeeze...
TA on Litecoin We see the clear inverse H&S printed followed by a breakout over the neckline. This however was short lived and rolled over soon enough. We now observe a sharp downward movement back to major support level around the 50MA (in green). Take note of Stoch RSI and MACD. Bullish Scenario If MACD crossover is rejected, i would consider this a reversal...
Quick TA on Bitcoin. Today, we see the long awaited result of the price squeeze at over the past week. Most people have been expected a break to the upside given the peculiar inverse H&S pattern formed. However, it is evident that despite testing the overhead resistance or neckline for some time, the awaited break to the upside actually rolled over instead. This...
Quick TA on LTC USD We observe an inverse H&S formation with a clear break above the neckline. Clearance of the downward channel is also demolished, looking for the next major overhead resistance. Good consolidation of flag formation at the $40 range indicative of price strength confirmation. Next target should coincide with the 200MA (in red), at approx $50....
TA on Litecoin! We see that LTC has been rejected by its previous resistance level around $37, falling out of its short term upward channel, looking for its next support level. I see this support range between $28-$31. The bullish scenario would be for LTC to find support at approx $28, achieving a reversal, retesting the neckline and overhead resistance from...
Quick TA on ETH/USD Backtracking a little bit, ETH has created for itself some stable price floor, double bottoming at $83, followed by break out past its previous overhead resistance at $100. Impending Golden Cross pattern forming. We see clear price action within an upward channel, breaking its 200MA (in red) and key overhead resistance at $125. Note RSI...
Quick TA on BTC/USD, We see a clear double topping pattern at the 4150 level, before falling under its 50MA. The 50MA has served as a strong support and the price movement has been very respectful of this since the recent bullish action the past few days. Failing the 50MA signals caution. Price is currently trending sideways looking to build support at the 3800...
Quick TA on Cardano, Sitting at 1000 sats, ADA seems to be testing its overhead resistance (previous support) level. Coinciding with the short term moving average (in green), it remains to be seen if it gets rejected. If this fails, we may see ADA fall back down to the 850-900 sats range. This is a crucial big even level and psychological barrier for ADA....
TA on NFLX After breaking out of its upward trend channel, we see strong upward movement to about $420. This is followed by a clear H&S pattern forming, which later broke the neckline right about the same time of the MACD cross. RSI looking fairly oversold at the moment. What to expect: NFLX to bounce off the upper trendline of the channel, retest the neckline....
Quick TA on SPX, looking bearish after overextension from its uptrending channel, double topping before falling back sharply into its channel. Look out for the lower support line of the channel - if this does not hold, we may be setting up for some massive downward capitulation.
Quick TA on XLF, we see a clear double topping pattern, looking for the short term moving average in green / or support from the uptrend channel. We should expect a bounce or bear flag formation. It this fails on support, likely to capitulate downwards toward $16. Stochastic RSI remains bearish at least for now.