Please be cautious of upward parallel channel, price at this time may cycle back down to the bottom of the upward parallel channel, be mindful of 21 EMA in yellow on the chart. If you do not mind, please observe the charts for key levels. Price should be bullish above 21 EMA and inside the Parallel channel.
Good day Caution on RGTI it needs to close out upward of the downward parallel channel. If we do not get a positive price breakout then price is hypothetically going to be bearish. Please observe the key levels and channel on the chart. Also, there is possible bearish MACD divergence.
Here is SGMO on the weekly chart, last week price formed a high wave candle meaning indecision which can mean per text either continuation of bearish activity or possible price reversal. If the price goes below the low of the candle from last week that means continuation of bearish activity, if the price goes beyond the candle's high, a price reversal is likely;...
If CSLR price breaks out of the minor parallel channel that means it may complete the double bottom structure (please see picture of snippet of line chart) and move upward in the major parallel channel to possibly the Supply area but if the price breaks downward it may hit the Demand below. Please see chart for key levels. Also, there is possibility of a bullish...
The Altcoins need a miracle. We unfortunately have bearish MACD (Chris Moody) cross over on the weekly chart. However, the ALTS have been in a range since August, the price is resting on a Demand level hopefully, optimistically this Demand level would hypothetically mean there will be enough support to trigger some bullish activity but traders must be careful...
Good day team, many thanks to @without_worries hope you all are well. Here we have REE, this asset is on an upward trendline and today it has broken out of it's short term trend line with a bullish candle. I would hypothesize that the breaking of the short term trendline and the bullish engulfing candle and also the price action forming an upward trendline,...
High Wave Candle formed at key support level. Bottom indicator flashing, saying bottom is in or forming. Stochastic RSI and RSI in oversold zones. CCI recently moving from -200 level. If price closes higher than the High Wave Candle, that could be possibly, possibly the start of and upward trend. Please be safe share thoughts below.
Peace and Blessings RGTI is consolidating under a key level, and consolidating in an ascending triangle. There is a possibility of a bullish breakout with the 50 EMA crossing over the 200 EMA. For this hypothetical event to happen we need a positive price break out and price making a higher highs and lower lows above the key level. Watch out for a bearish...
On the daily chart FCEL price is resting on the bottom of a bullish FVG and on top of a supply zone in the bottom of an upward parallel channel, there is a chance there might be a price reversal due to price position in the parallel channel and in the FVG, but the trader must be cautious of consolidation and fake outs and bearish break outs. Turning our attention...
Google is moving strangely but nevertheless currently moving up a parallel channel, using the anchored volume profile tool we have the VAL at 189.27 and the VAH at 196.55 and the POC at 193.47, we can consider those key levels, and a positive entry when we get price action above the short term trend line, the price is currently resting on the 200 EMA and the VAL...
If RGTI breaks out of the parallel structure and also the 50 EMA there may be possible price action towards the 200 EMA. Please observe chart for key levels and FVG blocks and the parallel structure.
MATIC previously had a double bottom and broke through the 50 EMA and now will hopefully face off and break through the 200 EMA, please see key levels on the chart, in addition, there is a possibility that there may be a golden cross over, which could possibly be good for investors/holders. Please be careful this is crypto.
In the Short term on the Hourly Chart, we have a possible breakout of the ascending triangle. If we get a breakout to the upside there is a strong possibility of positive price action, and vice versa if we get a breakout to the downside. Please be so kind to look at the chart and see the key levels and the consolidation pattern(s).
Is SHIB forming another double bottom? A few candles back on the weekly chart SHIB formed two double bottoms on a trendline. SHIB *could be* forming another double bottom on top of Demand Zone in a FVG on the same trendline. Using the 'line with markers' chart to get another view of price action. Please be mindful this is a weekly chart, and the double bottom is...
It is possible that NVDA is in a distribution phase, and a breach below to one of the Demand levels below may verify that. The asset is currently in a range and the price is at the bottom of the range. The past resistance 132.26$ area is now the support a breach below that may usher in bearish activity. If we are in a distribution phase hopefully the mark down...
SHIB is having a bearish MACD(Chris Moody) crossover on the weekly, when this happens price tends to get bearish, SHIB closed last week with a bearish red candle, and it appears to be consolidating inside a parallel structure there may be price movement to the 0.0000244 area if price does not break the parallel structure and the short term trendline, even though...
NVIDIA closed recently with a candle with wicks that could be compared to High Wave Candle. Per literature this candle represents indecision in the market. This particular candle is at a support, and per financial texts, if the subsequent candle closes above the high of the High Wave Candle, there might be bullish activity. Also, this candle has also retraced to...
SHIB needs a miracle for a price reversal. If 0700 comes with a reversal candle, SHIB holders have a chance. The candle finishes printing at 0700 today. Currently it is forming a Wicky Candle(candle with shadows, wicks) this candle is in a FVG and on top of a Demand level near an upward trend and in a upward parallel channel. Be wary of the parallel structure...