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SPX Daily TA Neutral BullishSPX Daily neutral with a bullish bias. Recommended ratio: 63% SPX, 37% Cash. * FOMC minutes were released at 2pm (EST) today and the main takeaways were: the Fed is committed to price stability and maximum employment and will take on a even more restrictive stance if inflation isn't tamed; they are most likely going to raise 75bps unless CPI comes in lower than expected or Russia/Ukraine situation improves, in this case they may raise 50; and that housing, job and credit markets are healthy as of May and the Fed thinks GDP will bounce back in Q2 - very curious to see how declining new home sales, growing gas and food prices, more layoffs and higher credit card usage will reflect on this perspective come July 27th. The current GDPnow estimate for Q2 GDP is -2.1% , and the next estimate is due tomorrow at 830am (EST). Gold + Oil + VIX + Euro are down and Equities + Treasuries + Cryptos + USD are up, markets seem to be pricing in a recession at this point. I guess it's only a real recession if the Fed says it is though.* Price is currently trending up at $3845 and forming a Bear Flag after bouncing from $3780; the next resistance is the lower trendline of the descending channel from August 2021 at $3938 minor resistance and the next support (minor) is at $3707. Volume remains Moderate and has favored buyers for the past three sessions. Parabolic SAR flips bearish at $3706, this margin is neutral at the moment. RSI is currently trending up slightly at 46, the next resistance is at 53 and support at 38. Stochastic remains bullish for a second consecutive session and is currently trending up at 84 as it attempts to flip 76 resistance to support on its way to testing to max top. MACD remains bullish and is currently trending up at -56 as it slowly approaches -44 resistance, the next support (minor) is at -76. ADX is currently trending down slightly at 22 as Price is pushing higher, this is mildly bullish. If Price is able to continue up here then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3938 minor resistance . However, if Price breaks down here, it will likely retest $3707 minor support before potentially heading lower to test $3508 minor support. Mental Stop Loss: (one close below) $3780.
SP:SPX
by dailytaguy
ZM Bottom BuildingThis young company benefited greatly from the pandemic but like all of the some 100+ companies that had huge revenues in 2020 - 2021, it was not sustainable due to the artificial inflation of stock prices via stimulus checks. Since the stimulus was a manipulation of the monetary system and the financial markets, there is no way any firm could manage the situation. So the stock plummeted due to lower revenues and earnings. Now, it is definitely building a bottom. It is not complete, and I always advise waiting for completion of a bottom because it is emotionally draining for most investors or position traders to watch the stock fall further and wait for it to recover and move up higher thereafter. It takes a lot of discipline and confidence to hold in a final run down in a bear market. So avoid the risk and wait for a completion of the bottom.
NASDAQ:ZMLong
by MarthaStokesCMT-TechniTrader
ENS DAO NFT Culture Now that ens is under $10 (not the $3 I predicted in November 2021, but close enough) it’s looking like a bright spot in the crypto market. One thing that many shitcoin crypto projects have failed to do is create value in any way.. No products, no use case, literally a ponzi. ens domains maybe building something and it’s profitable. I’ll admit it’s not much but it’s something and it’s gained a lot of traction on Twitter. They have a product (.Eth domains) they have revenue, and they have a governance token which could be used in the future to allocate the profit from .eth domain sales towards anything really. I’m gonna start posting some of my picks for best cryptos to invest during the cryptopocalypse - here’s the first one - ens, ill start buying a little now. I don’t care if it’s the bottom, I’m ok with ens going to 0. I’ve also started accumulating .eth names as well as other domain extensions like .XYZ .NFT and more. It’s kind of fun once you get into it, and it’s a low barrier of entry. I already sold a few .Eth names for profit after just a few months of playing with them.
Long
by WalrusFat
Verizon: High Div Yield vs CG Loss?Verizon Communications Inc Short Term - We look to Sell at 50.20 (stop at 51.90) A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. 50 4hour EMA is at 50.38. We expect a significant move lower if prices manage to break the 50.38 support. Further downside is expected. Our profit targets will be 46.05 and 45.00 Resistance: 52.00 / 55.53 / 59.80 Support: 46.00 / 42.80 / 38 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:VZShort
by VantageMarkets
US500/SPX enters into a bear market The last time this happened was in 2018 but the market some how management to rally which resulted in a false breakout. In 2020 the market came back to this level and spiked around this area before turning into an almost 2 year rally. 2007 was a different story as market broke structure and the result was a sell of that lasted one year. What will happen in 2022? Will the bulls take control and result in the SPX hitting another all time high. Or will we see similar events of what happened in 2007 which resulted in a huge sell off that one year.
OANDA:SPX500USDShort
by NDOBObanks
Msft:Even the giants are falling!Microsoft Short Term - We look to Sell at 260.71 (stop at 269.78) The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be 238.72 and 230.00 Resistance: 267.00 / 290.00 / 315.00 Support: 238.00 / 200.00 / 180.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:MSFTShort
by VantageMarkets
BTC Daily TA Neutral BullishBTCUSD Daily neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * The final Q1 GDP growth estimate came out this morning at -1.6% compared to preliminary estimates of -1.5% and compared to +6.9% growth in Q4 2021; the estimate miss was tolerable and it seems as if this degree of negative growth was priced in to financial markets based on the brevity of the negative market response. Fed Chair JPow also reiterated at an ECB conference today that the Federal Reserve's primary concern is price stability and that they will continue to raise rates to bring down inflation, even if it pushes the economy into a recession and higher unemployment; as it stands now the FOMC is intent on bringing the Fed Funds rate to at least 3.5% EOY ( it is currently at 1.75%, and 1.58% effective ). 3AC is currently undergoing a forced liquidation which is most likely putting downward pressure on BTC. Lastly, the Core PCE Price Index (the Fed's favored gauge of inflation) report is due tomorrow at 12:30pm (EST).* Price continues hovering above $20k as it is currently on the verge of losing support of the uptrend line from 06/18/22 at ~$20600. Volume is Moderate (low) and currently on track to favor sellers for a fourth consecutive session. Parabolic SAR flips bearish at $18600, this margin is mildly bearish at the moment. RSI is currently trending sideways at 32; the next support is at 25.60 (which coincides with the uptrend line from 01/22/22) and the next resistance is at 42.41. Stochastic remains bearish for a second consecutive session and is currently testing 77.95 support after forming a peak at 92. MACD remains bullish and is currently trending up slightly at -2129 while it is still technically testing -2497 minor support; the next resistance is at -1435. If Price is able to recapture the uptrend line from 06/18/22 by breaking and closing above $21k, then it will likely test $24180 minor resistance . However, if Price continues to fall here, it will likely retest $19417 support before potentially testing the uptrend line from April 2017 at ~$15k for the first time since September 2020. Mental Stop Loss: (one close below) $19417.
COINBASE:BTCUSD
by dailytaguy
Oracle: No end in sight for the pain!Oracle Intraday - We look to Sell a break of 68.29 (stop at 71.31) The primary trend remains bearish. A sequence of daily lower lows and highs has been posted. We can see no technical reason for a change of trend. We expect an initial move higher to fail and look to set shorts on a break back through 68.50. Our profit targets will be 60.09 and 58.00 Resistance: 71.50 / 74.00 / 82.00 Support: 60.00 / 56.00 / 44.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:ORCLShort
by VantageMarkets
BTC/USDT (1D) How Bad could it be ? (Worst case scenario)Hi Traders and HODLers.... If you ask yourself how low could BTC Fall during this correction ? Well .. it all depends if you believe to EW counts and Fibonacci extensions. This EW Count shows my expectation of FreeFall back down to 11K zone in case of A:C 1:1 Extension. Right now Bitcoin is fighting for most iportant levels. If he fails. We could finish in a BEAR market for months (maybe year or 2 untill another Halving ?). This is not investment advice, just my warning how bad it could be. Even when I am very Bullish LONGTERM ... also You should always ask yourself if you risk only the money you will not need for such longtime ;) Trade and invest safe, always consider risks.
by Longevity_Contrarian
9
BTC dominance Analyzehello friends. BTC Dominance is in an important zone. and its near 200 day MA and maybe we touch this MA at 42.7 and then pullback. if this section happen we could rally up to 45% and 47% that shows a massive correction for altcoins. if we lose this 200 day MA we could go down to 41.55% and then 40%. if this happen we will see massive rally from altcoins. but according to the market conditions i think we touch 200MA and then go up. so maybe we will see altcoin crash these days and altcoins will see their downside supports. thank you for reading my idea. please comment your opinion and teach me something new! (!!!NOTE!!! : my ideas are not trading or investing advice. so follow your own strategy and your own opinion.)
CRYPTOCAP:BTC.D
by TraderAmin-KZ
#HEX still under control of the BEARS!From the inverse HVF funnel formation and break. HEX dropped below 3 cents A return move to the initial funnel range , seems to be a relief rally. If #Bitcoin does continue on below $15,000 and under The projection of HEX to reach a penny for a capitulatory, cycle bottom still exists. This I believe will set up for a fantastic reflation period of #crypto going into 2023 and the next cycle top in 2025. A few more months of pain , but the rewards for sticking around, and being patient will reward some of us. Not everyone can make it despite the great design mechanics of HEX , this is still highly speculative and the volatility wears on even the strong minded. Survive to Thrive!
Short
by BallaJi
1
BITCOIN BEAR MARKET TO CONTINUE, NO HIGHER THAN 38.5K IN 2022!The 200 DMA is a very important level for Bitcoin. BTC under 200 DMA = bearish Let's look at the past: Late March 2014 - Late June 2015 = BTC was below 200 DMA, Bear market, roughly 16 months of bear market. MAJOR BEAR MARKET March 2018 - April 2019 = BTC below 200 DMA, Bear market, roughly 14 months of bear market. MAJOR BEAR MARKET September 2019 - April 2020 = BTC below 200 DMA, Bear market, roughly 8 months of bear market. MINOR BEAR MARKET Late December 2020 - now = BTC below 200 DMA, Bear market, so far 6 months of bear market. MAJOR BEAR MARKET. Going by historical trends, BTC bear markets tend to last 14-16 months, with a smaller bear market one year before halving (2019, most likely 2023) Meaning the current bear market is likely to end roughly Jan 2023 - April 2023 Once the 200 DMA starts to come closer to the price action, they we should start seeing bullish movement. These DMA levels move slowly, if we try to draw one, it likely comes close to December 2023... however if BTC falls to 17k or lower, the DMA likely takes 1-2 more months to get to that level, so early 2023 is most likely when this happens. It takes roughly 90 days for DMA to fall by 10k, in 180 days (roughly 24th of December), the DMA is likely to fall to 18k levels as the current pace If we go by this chart, it makes it very unlikely that we will see prices higher than 28k after end of September 2022, and unlikely we see BTC close above 38.5k in 2022. There is chance we could go even lower than 10k in 2022, let's not rule this out! Economic situation is quite bad and we must keep an open mind. Of course odds of going below 10k are low, but they aren't impossible Each yellow box represents 90 days. I drew the white lines in the yellow box a little sloppy, so it's not meant to be fully accurate but to get a general idea
by Coindatahouse
BTC Dominance Chart What Is BTC Dominance? Bitcoin dominance, or BTC dominance, is measured as the ratio of the market capitalization of bitcoin to that of the rest of the cryptocurrency market. Some crypto investors and traders use bitcoin dominance as a guide to adjust their trading strategies and portfolio structures. Source: Binance Academy Quick Forecast, we may see a possible run for short-term sell-side then possibly a run higher = possible run higher on BTC then a lower BTC price delivery. Introduction While there are now thousands of altcoins out there, bitcoin, the original cryptocurrency, has remained the largest digital asset by market capitalization. Observing the dynamics of bitcoin’s share in the value of the overall crypto market, traders have spotted certain recurring patterns of market conditions. Some came to use BTC dominance as a guide for their trading behavior. In particular, BTC dominance is believed to offer insight into the current general market trend. BTC dominance and market capitalization In simple terms, market capitalization refers to the total value of a certain asset in circulation. For Bitcoin, the market cap is calculated by multiplying the current price and the number of BTC that have been mined so far. You can calculate bitcoin dominance with this formula: Bitcoin dominance = Bitcoin market cap/ Total cryptocurrency market cap Factors influencing BTC dominance Changing trends Before the explosion of altcoins, it was not uncommon for bitcoin dominance to hover above 90%. As altcoins collectively gained more user and investor interest, bitcoin lost some of this almost undivided attention to other assets with greater price swings and projects boasting new exciting use cases. While bitcoin was created to change how the transfer of value worked, crypto projects have evolved to do more. Unlike bitcoin, many altcoins are involved in different sectors, including gaming, art, and decentralized financial services beyond transferring money. Depending on the current trend, there may be more interest and trading around a particular type of crypto project. For instance, the explosion of NFTs may have caused BTC dominance to drop somewhat in favor of NFT-related tokens. Over time, bitcoin has established itself as one of the more “stable” crypto assets. Traders’ interest in more dramatic price swings and associated profit opportunities that some newer altcoins offer can also affect bitcoin dominance, leading to funds flowing into riskier assets. In this case, the sectors these altcoins represent may not matter as much as the potential profits. Bull or bear market Over the last several years, there has been a general rise in the popularity of stablecoins, a trend that exerted sustained pressure on BTC dominance. More specifically, in a bear market or in times of volatility, stablecoins are often used to protect crypto investors’ funds amid falling prices. A stablecoin is an altcoin designed to maintain value equal to that of an asset with a more stable price, such as a fiat currency or commodity. Crypto investors and traders often use stablecoins to lock in profits without having to convert their crypto to fiat. When funds move out of the BTC market and into stablecoins, BTC dominance could go down. The inverse is likely in a bull market. When the market is up, traders can be incentivized to move value from stablecoins into more volatile assets that offer more trading opportunities, like bitcoin. However, emboldened traders may also choose riskier options and pump liquidity into altcoins that are even more volatile than BTC, so the overall effects of favorable market conditions on bitcoin dominance are highly context-dependent. On-ramping via stablecoins Stablecoins offer a convenient way to access a wide variety of cryptocurrencies compared to using fiat. This is because while there are fiat-to-crypto exchanges called gateway exchanges, they can be restrictive and only offer the more popular cryptocurrencies and stablecoins. Crypto-to-crypto exchanges, however, often provide a more comprehensive selection of cryptocurrencies tradable with select stablecoins. Hence, people who want to trade specific cryptocurrencies may enter the market via stablecoins. Naturally, if a significant amount of new funds enter the market through stablecoins and not bitcoin, the total value of the crypto market increases, causing a dilution in BTC dominance. Emergence of new coins Sometimes, new coins that enter the market can gain popularity quickly, causing BTC dominance to decrease. Remember that bitcoin is “fighting” with every other cryptocurrency in the market, so the emergence of several popular altcoins at once may affect it. However, there’s a chance that these altcoins may lose popularity after the hype dies down. If that happens and funds are moved from these altcoins to BTC or out of the crypto market entirely, BTC dominance may rise again. Using BTC dominance with current bitcoin price Some people monitor bitcoin price along with bitcoin dominance to help them make trading decisions. Although they are not iron laws, here are some potential outcomes that various combinations of BTC price and dominance may be indicative of. When the price and dominance of BTC are rising, it could signal a potential bitcoin bull market. When the price of BTC is rising but BTC dominance is falling, it could signal a potential altcoin bull market. When the price of BTC is falling but BTC dominance is rising, it could signal a potential altcoin bear market. When the price and dominance of BTC are falling, it could signal a potential bear trend for the entire crypto market. While these two factors do not imply a definite bull or bear market, historical observations suggest a correlation.
CRYPTOCAP:BTC.D
by KnowledgeAndProfits
1
BTC/USD: A Study Through Time CyclesHello Traders 👋 This is a small attempt to analyze the BTC/USD through the lens of historical time cycles. I can observe, on this monthly log chart, a 4 year correction cycle -- 2014, 2018 and now in 2022 Previous corrections: 2014 Dip = -86% 2018 Dip = -84% Current Correction: 2022 Dip so far = -74% The previous bear markets ended with a dip of around 80%. This time it made a double top in the later half of 2021 and has already slashed 74% from the top so far. Does that mean there is still room for 5-10% correction? If we look at the chart June 2019 highs were at around 13880 levels. So this area acted as resistance. This area also coincides with our 80% correction cycle which is at around 13800. This area of resistance could become a potential support zone in case of further dip. But before reaching at any final conclusion, one has to observe the price action at above mentioned zones on a lower timeframe, say daily. The price often builds a horizontal cause (accumulation) before revealing vertical results. So its better to wait for some accumulation before getting into buy mode. I hope this was helpful. Thanks for reading 👍
BITSTAMP:BTCUSD
by Bravetotrade
14
$AMZN: Down trend slowing down...There's a possibility of further downside for $AMZN over time, but currently, price action and the drop in commodities suggest that $AMZN is likely to go higher for a while. Until the next FOMC meeting, market participants might bet on a Fed pivot taking place sooner rather than later, given the drop in commodities suggesting inflation might be under control already. I personally think what comes after it is a recession, particularly if the Fed stays in the same hawkish course for longer...For now I'm out of bearish positions and went long using options in a few select names, as well as stock positions in names like $TWTR and $TSLA, etc. Upside here is good, see the yellow boxes for time and price targets in the immediate short term. What comes after this relief rally until mid to late July is to be seen. Will know more when we get there. Best of luck! Cheers, Ivan Labrie.
NASDAQ:AMZNLong
by IvanLabrie
1
BITCOIN WILL ULTIMATELY GO TO $2.22. FIRST TARGET - $3850I've been away for a while. Coming back to make a chart that I think is very important. We have Bitcoin's 3 Month chart. If we were to look at altcoins, in bear market it tends to come back to prior supports. You may say that Bitcoin recovered many times before. Yes, it did. Although media coverage wasn't that big, celebrities were not on board as much as they are now.. This bubble is deflating and will take some time to deflate. Although one thing is clear, we are going lower than $2.22. Bullish rallies in bear markets are vicious and very strong. Do not be fooled because it's very temporary. Main MACRO supports are in the chart. @ $3850 @ $152.40 @ $2.22 Ultimately it will go below $2.22. Until the next one
BITSTAMP:BTCUSDShort
by Patrikas10
6
AAPL Weekly Wave Count Suggests New Bear MarketJust following up with the prior AAPL idea linked below that demonstrated just how silly a mid-range daily shooting star can be in a pattern like this one. The count above is on the weekly timeframe, which means any "minor" break of that basic upward trendline cannot be ignored. Thus, we cannot ignore the thrice-broken trendline as the price action tops along the way. The actual count seems to reflect a very desperate sentiment of bullish frustration as you can see three C-Wave failures in three straight weekly candles in a row. You can discern the C-failures from the typical B-Wave price action by how long and equally-distributed the wicks are on each of the consecutive candles. C-Wave failures tend to lead to severe downward price action after enough momentum has been sapped out of the bullish trend. It is by this process that a "Zig-Zag" correction loses momentum - the C-Wave fails, thus turning the corrective structure into a "Flat," which fails again, turning the "Flat" into a "Horizontal Triangle." The entire "terminal triangle" is not decidedly different-looking than any other mid-trend triangle in the 2-Wave, 4-Wave or B-Wave positions, aside from the fact that it terminates all the way towards the very end of the converging triangular trendlines. If this were to continue higher on the second or third C-Wave attempt, then the pattern would not be one of terminal consideration because it would have finished up well before the hypothetical tip - created by its own trendlines. In this case, AAPL's horizontal triangle finishes at the convergence, then breaks a very key level support to the downside, closing below it on a weekly candle. At this point, I believe the weekly trend has changed, which has way more implications than it should for the rest of the market. This is due to the insane market cap of AAPL that keeps artificially expanding via FED corporate loan purchases, which then turn into stock splits, repurchases, etc. Is AAPL a great company? Yes. Does that mean AAPL should be included in every major index to help "stabilize things" even if these indices are categorically not supposed to represent the same area of commerce? NO! (in my humble opinion, that is.) The reason I have this opinion is because it wrecks markets. You'll see what I mean when we start seeing entirely unrelated sectors start breaking down despite the particularly bullish environment that would otherwise propel these stocks higher in the near-term. It also very much undermines the idea of free markets when we all know that there is blatant manipulation being had on a market-wide scale everyday via all the basket programs, leverage, contract printing, etc. To account for this, I tagged many unrelated sector ETFs at the bottom of the idea for good measure. In conclusion, since AAPL's apparent wave count is bearish on the weekly, points to a terminal triangle completion as of today and is representative of all completion indices at this point, I thought it relevant to share with you all in preparation for the new bear market. Lastly - the Russian conflict occurred months after the trendline breaks and terminal triangle formation. Take what you will from this. -The-Pig-AAPL NASDAQ:AAPL SP:SPX NASDAQ:IXIC NYSE:W4500 AMEX:SPY AMEX:XBI AMEX:XLU AMEX:XLE AMEX:XLF AMEX:XLK AMEX:XLV AMEX:XLP
NASDAQ:AAPLShort
by UnknownUnicorn5511258
15
GOLD Daily TA Cautiously BearishGOLD Daily cautiously bearish. Recommended ratio: 10% Gold, 90% Cash. **H&S WATCH. DEATH CROSS WATCH.** *USD is down a bit while energy, commodities, equities, cryptos are up and gold is relatively flat. The relief rally is primarily benefiting risk on markets as money begins to enter it from risk off markets (like gold and bonds); this is still just a technical relief rally that was precipitated by very oversold daily and weekly conditions, the Core PCE report due next Thursday (06/30) should give a clearer picture of what the Fed will do on 07/27/22 and therefore guide the markets in the near term.* Price is currently completing a H&S pattern and trending down at $1827 as it prepares to formally retest the uptrend line from April 2020 (~$1815) as support for the second time since 06/15/22. The 50 MA is currently trending down at $1860 as it quickly approaches the 200 MA at $1845 where it would technically form a Death Cross. Volume remains Moderate (high) and fairly balanced between buyers and sellers (which is indicative of consolidation before a next move). Parabolic SAR flips bullish at the 50 MA ($1860), this margin is neutral at the moment. RSI is currently trending up at 45 after bouncing off of 42 support for the third time in a month, the next resistance is at 67.24. Stochastic remains bearish and is currently beginning to form a trough at 43 as it is still technically testing 53.13 support. MACD is currently crossing over bearish at -8 as it hovers above -10.84 support. ADX is currently trending down at 10 (with little sign of trough formation) as Price is trending down as well, this is neutral at the moment; if ADX was to bottom and begin trending up as Price continued down this would be bearish. If Price is able to bounce here and resist a H&S AND Death Cross then it will likely retest the 200 MA at ~$1840 before potentially retesting $1867 minor resistance. However, if Price continues down here, it will likely formally retest the uptrend line from April 2020 at $1815 as support before potentially falling to retest the largest supply/demand zone on the chart at $1783 support. Mental Stop Loss: (two consecutive closes above) $1844.
G
by dailytaguy
Zendesk: M&A News pop!1Zendesk Intraday - We look to Sell at 100.59 (stop at 107.67) This stock has recently been in the news headlines for a private equity buyout imminent. Price action reacted by popping higher on yesterday's trading. Sentiment remains negative despite the pull-back higher in prices. Current price action faces resistance at the 61.8% Fibonacci retracement level of the 130.58-54.52 move. Resistance could prove difficult to breakdown. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 72.75 and 60.00 Resistance: 100.00 / 110.00 / 130.00 Support: 72.00 / 54.00 / 40.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ZShort
by VantageMarkets
1