For 2 1/2 Weeks we have been trading within a range of 19 % with no direction. Today we have exceeded the range together with the broad market. As we had declined for over 1 month this may be seen as the beginning of an upward correction. The window that had been opened at March 5th has been closed today. Thus may be we we will see a littledecline first to retest...
The current levelhas been serving as support and resistance multiple times beginning May 2023. As we had our peak in November and lost over 40 % since then we may now build a bottom here and start recovering. However it is not excluded yet that we may test the quadrupel bottom which we have tested since September 2022 again. In this case we may be stopped out and...
Today's engulfing red candel has wiped out the doubt that yestrerday's small red candle may finish the fall already. Today's trading day has closed the downward window opened yesteray as well. Thus it may be seen as an independent new bearish signal. The Star of Tuesday and the more the Shooting Star past week as well as today's engulfing candle plus the window...
We are testing this weekly to the 3rd time now. For almost 1 month we cannot overcomethis top level. Supposedly Ali Baba has forgotten the passwort to escape the cave and the treasure is overbought.
After a drop of over 40% within 1 month it seems to be time for a recovery. The present low has been tested 3 times now and a failure to fall through now can be seen as a signal for an upward test at least.
If the week will end at this aproximate level we will see a complete inside bar. I consider this as a sell signal. I thinkthat there is no doubt that the time is ripe for a downward correction anyway. Within 1 1/2 month only we have risen for over 80 %.
For weeks we are testing this level now but cannot break it. Due to the large drop since January I consider a corrective rise as more likely now.
We have been broken through the low of October/November 2023. In January we did not succeed yet but now we have managed to. Hopefully we can remain under this support until the end of February. But anyway the break is a short signal and the present attempt to retrace upward may be seen as healthy profit taking of weak hands.
The outbreak on Wednesday sems to have been a false one. After the inside small candle yesterday this is confirmed by a Hanging Man today an a falling ADX.
For almost exactly 5 years this stock is rising. It is a pitty that I didn't buy in February 2020. Well, meanwgile we had 2 major corrections but no real correction since November 2023, a parabolic rise a year later and an exhausting rise since January. The latest may be seen herolding a coming correction of which I think that it has begun now.
It may be a beginning declining rend now. We have seen a lower top on Friday and falling daily highs since. To confirm this we have to fall below the Tuesday low now. The krypto mood is a bit weak now, so that a test of this Tuesday low is likely at least.
After the November/December high it had looked like a coming correction. But then the February saw the price bounce back towards a new high, As the price had not been corrected for 10 months this may bee seen as an exhausting spike. The market is long and no new players may come in. The spike may have exhausted and a profit taking may set in within the next few weeks.
Supposed to have found the bottom at 195.50 for now it may be time to resume the upward correction after this 50 % downward retracement. There is an open window to be closed at 222.37.
With the highs of February and March 2020 and the May close of the same year we'd got a temporary high that may become a support now. This has been tested already in the past November and in January this year. Now we are testing it a third time. If not broken this month we may have seen a firm bottom now. The corrective potential is immense.
The fear is big and we have reaxhed a supporting MA now. Trying to stem against the fear.
META is running since August without a major correction. It is time to, isn't it? If this week will end tomorrow without a new high and perhaps the star will remain to shine we may see even a major downward correction.
Today we have retraced 2/3 of the rise from August to December. This may be enough if the trend isstill valid. In October we had a temporary halt of the rise. It may be the level from where on the price may want to have another halt with possible turnaround now.
Today we've got an outbreak and the momentumis still growing. Continued rise may be expected.