In this analysis I want to take a look at ETH's price action over the last few weeks. It appears that ETH is underway to form a classical pattern that most of you a familiar with, a dead cat bounce into another sell-off. Keep in mind, the dead cat has not been confirmed yet, since the price needs to go below the purple dotted line. Still, it's a pattern that will...
Depending on investor sentiment, I am expecting 3 possibilities, listed from most positive to least positive investor sentiment: In Purple (most positive): Bounce to $196-$198 fib levels, decaying to $188-192 range. In Yellow: Bounce to $192-$194 fib levels, decaying to $184-186 range. In red (worst): Little to no bounce, very pessimistic view on stock,...
As you can see in the chart, this is a very simple setup: When we look at the big picture, we have a dead cat bounce breakout retest pattern. As confirmation, we have a clear RSI bearish divergence and a descending triangle, which can be a good entry point. As targets we have the clear support levels and we set an stop loss at the last swing high, so in case...
🌤️ Bitcoin Weather Report: Sunny Forecast! 🌤️ According to the latest Bitcoin chart index for the past hour, I'm happy to announce that the weather in the Bitcoin world is expected to be sunny ☀️. With a confidence level of 1.0, I have high certainty in this forecast. Let's take a closer look at the key indicators: 📈 Open: 25019 🔼 High: 25063 🔽 Low: 24890 📊...
When less than stellar stocks attempt to run after a 90 percent drop its note worthy to watch, understand the basic mechanics of the pump and dump and FOMO by bed ridden traders that believe they can make millions while laying in bed... This is half a joke and half true, never chase trade but if you must understand technical, short term resistance above $7 upper...
Merely an update to my previous idea. And well... I started this idea before the bell, and it was $3.51 at the time. It's now $2.01 post as of typing this but that will be different already. I think I will just post this as is, because it's moving too quickly to make any rational conclusions. To be noted, every time $15 was broken, the market dumped it below...
***Warning Monday Jan 2nd (Market is Closed) - Q4 EV Deliveries - good report then TSLA will complete H&S pattern and continue Bullish Island Gap Reversal Positive: `TSLA is Very Oversold, we could see a continuation of this bounce up too 150-180 if production release is great on Monday. -Bullish Chart patterns show inverse H&S pattern created by Island Gap...
The trend drawn from the ATH level of 2011 looks like a pullback movement in the red line. Price can say that the sloping trend line is a pullback movement after it broke down in November of last year. As for the RSI indicator, as indicated by the red circle in the figure, the situation is very close to the scene of the sudden fall in the summer of 2015. In...
ARKK is looking oversold for the time being. Looking for a nice DCB before seeing some capitulation sell off.
• So far, SPY is heading to the next support at $360.69, indicating we have a few more bucks to drop, and there’s no technical evidence pointing to a reversal. In the daily chart, at least, there’s not a single bullish pattern yet; • We see some open gaps (yellow squares), and they will become targets, in the future, if (and only if) SPY triggers a...
Hyperinflation during bear market - same marketcap as we had in 20c in August 2021 The team has bad image - team scolding people in Telegram (already deleted), I have screenshot in case people say I am lying Not listed on any major exchange since listing - hyped up Binance, never came Still no use case Slow chain, slow finality - eth2 coming so completely...
Fib pull from the top to the bottom of this move: A strong rejection off of the 0.5 fib is considered to be a dead cat bounce. In this case, the price was not accepted back above and therefor further down side (below 0) is quite possibly on the line. Check Morpheus, showing us the perfect setup for a short. A key support / resistance flip level for me would be...
Hey guys, I went back in the chart and circled what I considered to be similar situations to where we're at right now. I think over the next month, there is an extremely high chance CAT has a fakeout rally that could very well reach $225/share. That being said, I don't expect it to breach ATH's, and I expect the rally to be an incredible shorting opportunity...
SHORT IDEA: from: 20313 STOP LOSS: 21422 Target: 17573
Looking at WLUNAUSD, the one thing that I'm seeing is that the Volume of trading on this coin seems to be exponentially greater than what it was when it was at even it's greatest value, or at any time before it crashed. Is this basically vulture trading, looking to take advantage of the resulting volatility at the bottom here? Or is this some sort of...
Gold showed a dead cat bounce after hitting a fresh three-month low at $1810. Technical: The near–term support is around $1800, a breach below targets $1750.
Don't expect any technical talks with such a view. I cannot say anything but... meow?