Dogecoin - The Final Break And Retest!Dogecoin ( CRYPTO:DOGEUSD ) is confirming the final retest:
Click chart above to see the detailed analysis👆🏻
After we saw the textbook retest of the previous all time high about three months ago on Dogecoin, so far we also saw the expected correction of about -50%. However Dogecoin is about to confirm the bullish break and retest, which eventually leads to a parabolic rally and new highs.
Levels to watch: $0.2, $0.5, $5.0
Keep your long term vision,
Philip (BasicTrading)
Breakandretest
Cardano - The Historic Rally Of +700%!Cardano ( CRYPTO:ADAUSD ) perfectly repeats the previous cycle:
Click chart above to see the detailed analysis👆🏻
Cardano perfectly retested a major horizontal support in the beginning of 2023. Recently we then saw the break above the neckline of the double bottom formation and a rally of about +400%. Cardano is clearly repeating the cycle of 2021 and a potential rally of another +700%.
Levels to watch: $0.7, $6.0
Keep your long term vision,
Philip (BasicTrading)
Google - This Can Be A Major Opportunity!Google ( NASDAQ:GOOGL ) is rejecting the resistance:
Click chart above to see the detailed analysis👆🏻
Over the past couple of years, Google has actually always been rejecting the upper channel resistance trendline with the only exception being the 2021 breakout. Following this previous behaviour, another bearish rejection is probable although bulls remain overall in control.
Levels to watch: $200, $150
Keep your long term vision,
Philip (BasicTrading)
Amazon - Catch The Parabolic Rally Now!Amazon ( NASDAQ:AMZN ) will start the parabolic rally:
Click chart above to see the detailed analysis👆🏻
Just a couple of months ago, we finally saw the expected all time high breakout on Amazon. Following the overall governing rising channel pattern, I simply do expect the acceleration of the current rally, the creation of a parabolic rally, but maybe we will see a bullish retest first.
Levels to watch: $180, $400
Keep your long term vision,
Philip (BasicTrading)
Tesla - Elon Is Playing The Charts!Tesla ( NASDAQ:TSLA ) is perfectly respecting structure:
Click chart above to see the detailed analysis👆🏻
Two months ago Tesla perfectly retested the previous all time high resistance and closed with a massive rejection wick. This means that a correction - which is currently happening - is expected and after the bullish break and retest, we will then finally see new all time highs.
Levels to watch: $280, $400
Keep your long term vision,
Philip (BasicTrading)
Ethereum - This Chart Just Doesn't Lie!Ethereum ( CRYPTO:ETHUSD ) remains in a bullish market:
Click chart above to see the detailed analysis👆🏻
Over the past three days - since the beginning of February - Ethereum "crashed" about -20% and we saw a significant manipulation last night with Ethereum crashing -25% in a matter of minutes. Looking at the chart though, this price behaviour was not unexpected at all.
Levels to watch: $2.000, $4.000
Keep your long term vision,
Philip (BasicTrading)
Bitcoin - This Cycle Is Pretty Clear!Bitcoin ( CRYPTO:BTCUSD ) is still 100% bullish:
Click chart above to see the detailed analysis👆🏻
It is actually quite a surprise that we did not see new all time highs on Bitcoin for the past two months. However we had the same thing happening back in 2017 before Bitcoin actually finished the cycle with a parabolic blow off top. So we all know what is very likely to happen next.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Xrp - Market Structure Is Just Super Bullish!Xrp ( CRYPTO:XRPUSD ) is still 100% dominated by bulls:
Click chart above to see the detailed analysis👆🏻
With the massive +650% rally over the past couple of months, Xrp perfectly broke out of a long term ascending triangle formation. We already saw a retest of this previous resistance which is now turned support and Xrp is now simply starting the continuation of the bullish rally.
Levels to watch: $2.0, $4.0
Keep your long term vision,
Philip (BasicTrading)
Microsoft - This Will Lead To Trouble!Microsoft ( NASDAQ:MSFT ) shows some clear weakness:
Click chart above to see the detailed analysis👆🏻
Back in mid 2024 Microsoft created another new all time high and in doing so also retested the major upper resistance trendline of the longer term rising channel formation. Following this bearish retest, a correction is very expected before we then see the bullish trend continuation.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Tesla - The Failed All Time High Breakout!Tesla ( NASDAQ:TSLA ) will reject the all time high first:
Click chart above to see the detailed analysis👆🏻
Tesla was actually not able to create a sustainable all time high breakout and if a stock doesn't move up, it will come down. However Tesla still remains absolutely bullish and is now starting to create a textbook break and retest which will eventually still lead to new all time highs.
Levels to watch: $400, $280
Keep your long term vision,
Philip (BasicTrading)
Bitcoin - Just Objectively Look At The Chart.Bitcoin ( CRYPTO:BTCUSD ) remains very bullish lately:
Click chart above to see the detailed analysis👆🏻
Many traders are actually calling the top on Bitcoin but if we objectively look at the chart, situation is entirely different. First, Bitcoin just broke above the previous cycle high with a massive candle and second, we still have a valid rising channel acting as a major support.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
EurUsd - This Will Impact Your Trading In 2025!EurUsd ( OANDA:EURUSD ) is heading much lower:
Click chart above to see the detailed analysis👆🏻
For basically an entire year, EurUsd has been retesting a massive previous support which was then turned resistance. Over the past couple of months, we then saw a significant drop breaking all structure towards the downside and it is quite likely that this won't stop soon.
Levels to watch: $1.090, $0.970
Keep your long term vision,
Philip (BasicTrading)
Micron Technology - The Textbook Chart!Micron Technology ( NASDAQ:MU ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For the past seven year, Micron Technology has been respecting a pretty clear rising channel pattern. With the recent all time high breakout, it is very likely that this level is now holding as support and we will eventually see a rejection and new all time highs.
Levels to watch: $90, $180
Keep your long term vision,
Philip (BasicTrading)
Amd - It Comes Down To This Support!Amd ( NASDAQ:AMD ) is retesting massive support:
Click chart above to see the detailed analysis👆🏻
For more than three years, we have been seeing a quite volatile consolidation phase on Amd. Looking at recent price history though, Amd just came back to retest a massive horizontal support level and if we see bulls taking over, a rally of +100% is very possible.
Levels to watch: $120, $240
Keep your long term vision,
Philip (BasicTrading)
Apple - The Path For 2025 Is Clear!Apple ( NASDAQ:AAPL ) is reversing towards the downside
Click chart above to see the detailed analysis👆🏻
Over the past couple of months Apple rallied more than +50% without showing any weakness on the smaller timeframes. Some profit taking is totally expected and with market structure perfectly aligning, this could develop into a significant correction.
Levels to watch: $250, $200
Keep your long term vision,
Philip (BasicTrading)
Solana - Pay Very Close Attention Now!Solana ( CRYPTO:SOLUSD ) is perfectly rejecting the all time high:
Click chart above to see the detailed analysis👆🏻
After we saw the creation of the previous all time high back in 2021, Solana just recently actually broke above the major resistance and is now retesting this new support area. So far we are seeing the perfect break and retest and new all time highs will simply follow.
Levels to watch: $200, $500
Keep your long term vision,
Philip (BasicTrading)
Bitcoin - This Month Will Decide Everything!Bitcoin ( CRYPTO:BTCUSD ) is still rather bullish:
Click chart above to see the detailed analysis👆🏻
In December of 2024, we saw a little pause during the overall bullish crypto bullrun, which was actually quite expected after the recent rally of about +500%. This could still turn into a false breakout, but since everything looks rather bullish, new all time highs are much more likely.
Levels to watch: $70.000, $300.000
Keep your long term vision,
Philip (BasicTrading)
Tesla - A Bright Future For Elon!Tesla ( NASDAQ:TSLA ) is creating a textbook break and retest:
Click chart above to see the detailed analysis👆🏻
Over the past couple of months we saw a rally of more than +100% on Tesla, perfectly following the bullish triangle breakout. Therefore it is quite anticipated that we will see a rejection at the previous all time high and a retest of the next support, creating a bullish break and retest.
Levels to watch: $400, $300
Keep your long term vision,
Philip (BasicTrading)