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Brokentrend

Solana (and Altcoins) Daily RSI Tells the Story!I continue to reiterate the point that our daily RSI is giving hints at what may continue to come for Solana and altcoins. Solana have been one of the strongest alts during this bull run and remains above our red ascending trendline while most others have fallen below. But just as with other altcoin charts, our lead indicator was broken supports on the daily RSI. Three of these big supports have now been broken below. However, on the price chart only two have been broken. Will that red ascending trendline become the third? My bet is "yes" based upon what the RSI chart is telling me, though, it may spike higher first following Bitcoin ETF approval news. If I am right about this pullback, I don't think Solana will find support until around $65 or so.
COINBASE:SOLUSDShort
by stewdamus
IS euro telling the FUTURE of the Market? $6EMLooking at the Euro Futures, looks like the market is battling its impact on the market. The more it drops the more the market drops. I am looking that this testing some levels to end the week in a direction. What looks like a bear flag is starting to look over extended. We are at what could be a pivot point on the next quarter direction. Bullish Case - Look we have already above the 50EMA and we are holding that so at best it could retest. DOUBT IT. We above the 0 line on the CCA Swing. Since this is a consolidation zone I am looking for it to do it again as the market builds their position to explode to the upside. Bear Case - Lets be serious, why would a lower high have any upside left? We already broke the uptrend that started mid March so why chase. The 50 and the 200 has not cross for a while. TIME TO GO... Bearish below 1.087 makes sense. With enough strength we can test the 200 EMA again then fall.
CME:6EM2023Short
by JDTheGreat
SPY, QQQ, DIA, & US2000 [3D Candles] - Looking Eerily Similar The major indices as represented by respective ETFs have over the past few weeks become more and more similar in price structure on their daily and weekly charts, among other timeframes. The top left chart is AMEX:SPY , the top-right chart is the NASDAQ:QQQ , the bottom-left chart is the AMEX:DIA , and the bottom-right chart is the FOREXCOM:US2000 (technically a CFD as opposed to an ETF). For purposes of balancing sufficient detail of the most recent price action against a wide enough view of the larger uptrend context since just after the March 2020 panic low, all four price charts use 3-day candles. While all four of these tickers -- and therefore their underlying indices -- have experienced a rather pronounced and sustained weakness giving way to a not insignificant period of decline basically since the start of 2022 (with obvious acceleration to the downside more recently, save for the rather modest relief rally experienced several weeks ago), a brief "breather" in the decline for the market to digest the move and chop around for a bit should not be unexpected. That being said, the overall current price structure, sentiment, trend, and momentum -- all from a more traditional technical analysis perspective -- is unmistakable. All four instruments/tickers exhibited well-behaved price action respecting a very clean and orderly up-trend support line since Spring/Summer 2020 -- almost two years obeying a very well-defined clean uptrend support line. That is, until recently. Not only have all four charts broken below the uptrend support line on both daily and weekly candle charts, but price also closed below the broken uptrend line on both a daily and weekly basis. When presumably the retail crowd stepped in at that point to "buy the dip", all four price charts caught a temporary bid rallying back up to near the underside of the broken uptrend line previous-support-now-turned-resistance, thus confirming the trend reversal, It is recognized that geopolitical tensions and events are almost certainly playing a role in exacerbating the recent market moves over the past few weeks, it should be noted that rarely if ever can various happenings in the financial markets be attributed to one thing or cause. There are almost always, nearly without exception, multiple causalities contributing to a given situation. For example, in the present scenario, there were reliable indications that the GDP in the USA was beginning to slow in rate of change terms as early as later 4Q-2021, while inflation was at multi-decade highs thus exerting political pressure on the Federal Reserve to reverse course and take a hawkish stance as to monetary policy by at eh very least "jawboning" the market into believing that very aggressive rate hikes to the tune of 50 bps up to even 100 bps had a very good likelihood of happening by March 2022, coupled with Quantitative Tightening (i.e., taking back some or a lot of all that crazy large amount of "liquidity"/money he's been injecting into the system over the last two years which has juiced the financial markets to such high levels). But just as flooding financial system and it's cronies juiced the stock market up so far so fast so aggressively cause all that new money had to find someplace to go, it doesn't take a rocket scientist to figure out that happens when the opposite occurs (liquidity/excess-money-reserves are drained from the banking and financial system, even if done in a somewhat cautious, deliberate, and slow manner). And to add "insult to injury", if Jay Powell and the Fed do indeed tighten monetary policy into a decelerating macroeconomic/GDP backdrop, this would be a double whammy. Perhaps even a triple whammy, since we additional aggravating and complicating macroeconomic factors such as the PCE (Personal Consumption Expenditure) which is a specialized measure of inflation that the Fed uses and pays close attention to, and which is by the Fed's own admission alarmingly high and furthermore has a history of remaining stubbornly high once it gets up high in it's particular measure of inflation -- with the Fed admitting that they've had very little if any historical success in bringing that PCE number down once it gets going and feeds upon itself. So, short story long: you may or may not see a relief rally in the markets over the next few days/weeks (or not), but it would be wise to keep in mind that the present market "turmoil" was set in motion before all the Russia talk the past few weeks. So keep your wits about you and maintain a critical mind. DISCLAIMER (FOR THE 'G-MEN' GOONS OUT THERE): The above is presented exclusively for informational, educational, and/or entertainment purposes only. Nothing herein is intended to be, nor should be construed as legal, financial, tax, or any other professional advice of any kind whatsoever. Nor are any statements contained herein intended to be an invitation to form any type of professional advisory relationship including but not limited to attorney-client relationship, financial-advisor-client relationship, tax-advisor-client relationship, or any other professional relationship whatsoever may be regulation or prohibited by law. The above statements are the personal opinions of the author, made with explicit disclaimer of all warranties, whether explicit or implied, as to the accuracy of said statements; and as such the information presented herein should not be relied upon in any capacity. Financial/Capital markets are inherently risky and accordingly carry a significant risk of loss, especially for the inexperienced as well as small retail investor. Before considering any financial decision, especially before considering participating in the capital markets by putting personal capital at-risk, prudence dictates consulting with a qualified professional financial advisor, a qualified tax or other specialist attorney licensed in your jurisdiction. Never risk more money in the financial markets than you are comfortable and 100% willing to lose plus not suffer material hardship to your overall financial wellbeing if you lose it all.
AMEX:DIAShort
by AlphaBeta
4
$0.50 ??????? XRPUSDT possible short move before the 14/01/22Hi everyone Daily" XRP broke trend a strong trend line, while leaving behind a Death Cross like many other currencies. Following BTC Also I see the formation of a Head and shoulders that has sent the price down to the next local support level. XRP has to over come selling pressure to keep it self above the current support $$0.76, If failing to do so we could see another drop down to the $0.50 support or lower like many believe is the case. 'I believe we could see a $0.50 xrp but no further than before the 14' ALWAYS look for extra confirmation on any trade, Happy trading people (No financial advice) DISCLAIMER The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product :)
Short
by CryptoTraderRetired
1
Eos, in a life or death situation?There is no bias for the token but there are conditions that could be the journey to the hell we have a broken Schiff level that has been pull backed to it (according to schiff fork stuff the line that is broken must be pulled back) but orders on a line could not last for ever and will weaken the line so that's one way to think of a bull market ahead we also have a bullish head & shoulder pattern which adds more to the bullish aspect of the area but there is something strange here, the price has pulled back to it's 0.618 fib level and could not get through it + we have an area which is just broken and can act as a strong resistance AND more importantly we have a YEARLY (Yes it has held the price for almost 345 days) is broken and a nice pull-back has occurred at this area What do you guys think?
by AmirRX