I've been keeping a close eye on APE ever since it launched. It has seen a massive sell-off after the initial launch on Binance, but has potentially stabilized. As seen on the chart, APE has been forming a long-term falling wedge. In my view, this falling wedge (with a 95% sell-off) could potentially be the slingshot idea that APE has been waiting for. Key...
With the FOMC practically concluded, the market is reacting with a strong sell-off in both crypto and stocks. The FED has announced to keep their interest rate stable for the 4th time in a row, as it wants to see a stronger reduction in inflation before cutting rates. Higher rates for longer, the market doesn't like that. As seen on the chart, BTC is trading in...
Three positions taken last week, two breakevens and one loss. Great trades nonetheless, two structures I would take over and over again with the EURUSD position being on the higher risk side of things. Risk management plan stuck to, frequency is picking up just in the first month of the year as expected. Trade safe and responsible
IRB Infrastructure in Channel pattern wait for the signal then invest in the stock
AMARA RAJA ENERGY MOB LTD 1 hour timeframe breakout happened in wedge pattern. Target ----> 875
With the halving coming up, everyone is looking at when BTC will start the next bull-run. Personally, I think that it's more likely than not that BTC will continue to trade bearish due to the recent ETF launch. However, there's definitely light at the end of the tunnel. The bottom yellow support would be the perfect area for a long-term BTC entry to ride the...
As per Cantors Fitzgerald's analysis that came out a couple of days ago, most big Bitcoin mining companies are deemed to be unprofitable after the April 2024 halving. Why is this important? Well, if the bigges miners in the world are mostly 'producing' at a loss, they can do either of two things: (1) Sell their tokens at a loss to recoup immediate costs (in case...
Although I've been generally bearish on Bitcoin after the ETF, I have to play with the cards that the market dealer gives me. For AVAX, that means that this token is under way of breaking out of a big bull-flag pattern that has been shaping up since halfway December. In case the 3D candle closes above the top resistance, it could very well indicate that further...
ATOM has been trading in a bearish triangle pattern for almost two years at this point. The pattern is clearly drawn between the yellow area of support and the purple diagonal resistance. After the most recent rejection of the resistance, I'm waiting for the price to reach the yellow area again. The yellow area will most likely function as a long-term bottom...
Yesterday we saw the BTC bulls put up a show with over 5% gains over the course of the day. Personally, I was not expecting such a bullish day to happen anytime soon. Part of the explanation is the oversold RSI on higher time frames for the first time in months, combined with shorts getting liquidated. For now, I'm still not convinced that the bulls have the...
The Ethereum market, like any other financial market, experiences ebbs and flows, making it difficult to definitively declare whether it is "over." While periods of stagnation or decline may raise concerns, Ethereum and the wider cryptocurrency market have shown resilience over time, bouncing back from downturns. Current trends in Ethereum's trading patterns,...
Hello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price started to trades in a downward pennant, where it first rebounded from the resistance line and made a strong downward impulse to the support line, thereby breaking 0.8720 and 0.8490 levels. But after this, CHF at once rebounded from the support line...
In the dynamic world of stock trading, the integration of Artificial Intelligence (AI) has revolutionized market analysis and prediction accuracy. Alphabet Inc. ( NASDAQ:GOOG GOOG, NASDAQ:GOOGL GOOGL), a leading tech giant, has been at the forefront of showcasing how AI can be utilized to predict stock market trends with remarkable precision. This article...
Hello traders! We see that the pair has a downward trend. The line break confirms this. There is a retesting of the price 1.08550. In the long-term perspective, we see the levels 1.06850; 1.06040; 1.05220. Be careful! Don`t forget to look at the economic calendar! MAKE MONEY AND ENJOY LIFE 💰 THANK YOU! GOOD LUCK! 🙏🏻🙏🏻🙏🏻
Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out: After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel. To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed...
Gold retest of resistance inside the range at the downtrend. aFALSE BREAK OF SUPPORT DEFINES a local target in the from of resistance. Test resistance can from a sell signal. Resistance:2035,2038,2039,2048 Support:2025,2020,2018
After a relatively big sell-off, BTC is currently bouncing from very oversold levels. Yesterday marked the first time since August that the 8H timeframe hit oversold on the RSI, so a bounce was to be expected. Bitcoin is currently on its way to retest the critical purple area of support as resistance. A rejection from here would confirm the break of 40k, with a...
FINNIFTY after shooting up high from day's open was forming a H&S pattern and the down surge in price confirmed it. It demonstrated a classical text book example by creating higher highs & lower lows ultimately breaking down & giving a great shorting opportunity.