Top channel rejection for a sell offPresented on the 1 hr chart we see a potential pivot in play with top resistance rejection.
Indicators are set to confirm with a full MACD/SIGNAL cross just above the 0 line. This will confirm a sell off in play.
Watch for a pivot at 1.07400. With a MACD/SIGNAL cross through the 0 line the trend may truck right through our pivot zone.
Take profit at current channel bottom support at 1.07200. Stop loss above current resistance with a full close out above.
Please comment with thoughts and ideas. Thank you.
Centered Oscillators
ITP has three year resistance in sightThis is the weekly view of ITP. With a float of less than 25 million shares, and around 25% of them short, this chart looks primed for a short squeeze. Today, volume was about 5x the recent average, and was close to double the overall float. Based on the weekly chart, the next level of significant resistance is around $1.50/share. The stock closed at the highs of the day, and after hours it's up even further. If ITP can continue through $1.50 tomorrow, the next area of major resistance is around $2.00, suggesting a potential 30-40% upside from here.
Technical sell analysisPresented is a 1hr chart sell analysis.
We can see rejection around 118.000. We may see a slight pivot to make a complete retest of 118.000 before the drop.
I sentiment an incoming sell off if MACD/SIGNAL make a full cross through the 0 line. While this is happening we can see RSI forming a lower low breaking support in a slant pattern heading for the oversold zone.
I have 3 TP targets as mapped on the chart. These targets also serve as potential pivots. Do not jump the gun and close out unless there are pivots the\at breach key resistance.
Please comment with thoughts and ideas. Thank you.
SAFEPAL 1H in flag formation! Defined objectiveTechnical analysis regarding the price of SAFEPAL in relation of dollar Tether for the next scenarios, based on 1 hour movement.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
CADJPY Long ContinuationCurrently we are looking at the 4hr here, however the monthly time frame is moving to the next level above which is where take profit is. Would love to see some bullish momentum here after a nice little pull back. Please trade at your own risk, this is posted for advice only.
Ethereum in the bearish divergences zones!!!At the moment, the price of Ethereum it's go to down and we see that Ethereum it's need to find down the zone of $1,440 USD. that will be a possible conirmation to entry in the bull market in the $1,440 USD, the important and psycological point to bought.
But we see in H1 timeframe that Ethereum it's formed a little bearish risign wedge, but if you see in H1 timeframe, we're go to the bearish trend pressure to sell. For that, I put a short position in Ethereum from $1,720 USD approximately and my SL it's so little in the $1,810 USD, the risk it's so minimu as 5% agains the possible earns of 16% to short Ethereum. i'm sell Ethereum
In H8 chart, we see that Ethereum it's formed a bullish channel, and we see that the price action it's speak us to sell. The same in H4 timeframe that we see a bearsih candlestick group that they speak to sell Ethereum.
And then, we see in Daily that a correction it's so necceary to Ethereum continue up!!! This senario could be possible and we see a 2 doji of indecisio that mark that the trend could to supposed a possible reversal to down becuase there's demand below at least of $1,440 USD.
If you have a short or long trade plan, you can to post here about this idea of Ethereum. Guys, if you like this analysis, I Invite you to support this idea for others traders.
Buy off supportOur previous Key resistance that was needed for a breach too continuation of .89200 is now acting as a Key support as presented on the 1 hr chart.
While MACD/SIGNAL have made a cross on the 1 hr chart to set for a zero line cross, our two hear MACD/SIGNAL are making their initial cross for continued momentum. Our 1 hr RSI has made its breach deep out of the oversold zone with eyes on the overbought zone.
Our take profit is our clear first line of strong resistance at .90000 with a take profit 2 at .90500 pending a .90000 breach. Stop loss would be a clear breach and continuation of our current support.
Please comment with any thoughts and ideas. Thank you.
EURNZD - 08-12 Feb 21 Week Trade Plan EURNZD
Previous Month : Bearish
Previous Week : Bearish
Daily : Slightly Bullish
- EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum.
- The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that buyers are out yet. I anticipate that this could be the spike that EN does with each new low created.
- Seasonality is not correlated with the current PA as NZD strengthen during Feb and created a pick now while Seasonality is showing ranging and a bit of weakness for NZD. I'll wait for this week to clarify a bit to confirm.
- So with Current solid bearish momentum, COT and Seasonality; I'd expect EURNZD to continue the bearish momentum and any spike will be treated as a good opportunity for shorts until a solid formation above 1.7020 level.
- Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target created. So i recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs.
- We have important news for NZD on Tuesday and Friday for Inflation and Business PMI also some news from China on Wednesday which also effects NZD.
Daily Chart :
Weekly Chart :
Huge resistance breachPresented on the day chart, We currently see a huge breach and continuation above 1.37500 which was our next key resistance to breach for continuation.
MACD/SIGNAL crossing above 0 line for continuation. RSI continues to rise into overbought. Next stop to breach is our take profit target of 1.3900.
Please comment with thoughts and comments. Thank you.
Buy technical analysis Presented is a buy technical analysis on the one hour chart.
I mapped out the key supports at the sell off as we can see a pivot at 1.05400 with a support retrace at 1.05600.
Following we can see the MACD/SIGNAL line making the initial cross up through the 0 line. This will increase buyer volume which will increase overall trend momentum. As a result we will see the RSI breach into the overbought zone.
Take profit 1 at 1.06500 to secure profits in case of a pivot with a second entry riding through a potential breach to take profit 2 at 1.07200.
Please comment with thoughts and ideas. Thank you.
Technical sell analysis Presented is a short analysis on 1 hr chart.
I am solely looking for the MACD/SIGNAL to cross the 0 line to pump sellers momentum. This occurrence will send the RSI breaching through oversold zone.
Take profit at next key pivot support which is 1.66500
Please comment with thoughts and ideas. Thank you.
Bull case for NIO using EWP Since the start of November of 2020 NIO has traded in an uptrend as pointed out by other traders interested in NIO. More recently it has been moving in a descending wedge pattern as it trades to the lower range of its uptrend to find support. On the daily chart, NIO is also finding support on the 25 day SMMA (and support on the 50 day SMMA on the 4hr) this seems to be converging with the lower support of the uptrend,an imminent MACD buy signal and the plotting of the EWP. The convergences of which may be a strong buy signal.
CHWY Ready for Breakout?Ticker $CHWY is forming a bull flag and is looking like it’s ready to breakout. Could be a huge breakout and also might see attempts to reach ATHs again. Riding the 20 and 50 SMA well with volume starting to pick up nice. RSI looks great however MACD could see a slightly lower number before it makes a bullish crossover.
BTCUSD Daily CCI & Wolfe waves I'll be buying between Wolfe waves 4 and 5, preferrably fading wave 5, coinciding with a CCI line (which is now on a short signal and dropping) going north back up thru the green down trendline
The exit would be after the next high after CCI crosses down thru an upline not yet shown