The price is currently trading within a descending channel. A strong weekly resistance level lies ahead. Increasing volume suggests buyers are waiting for lower prices to enter. A sharp drop in price is a possible scenario. Elaboration: The current market situation presents a bearish outlook with the price confined within a descending channel. This pattern...
On this 4H chart for Crude oil you can notice that the price has been moving in a very obvious down trend channel for a while. Recently the price broke out of it and started consolidating above the down tren resistance ( now a support ). In the proces the price formed a symetrical triangle. It is important to observe this triangle in the following hours as it can...
The Crude oil is forming a potential double bottom on a 1H chart Zoom out the chart to see the Bigger picture. The price has been moving in a general down trend channel. Recently the price broke out of it to the up side and now it's retesting the former down trend resistance. On it, it's forming a potential double bottom. Additional confluences: - Oversold RSI...
Hello everyone, let's take a look at the BTC to USDT chart for one hour. As you can see, the price remains on the upward trend line, and locally moves in the downward trend channel. When we unfold the Trend Based Fib Extension grid, we see that the price remained at support at $37,439, while we still have a strong support zone from $37,148 to $36,781. Looking...
Hello everyone, I invite you to review the SOL chart in the USDT pair, like the predecessors, on a four-hour interval. First, we will use the blue lines to mark the downward trend channel from which the price went up. Moving further after unfolding the Fib Retracement grid, we can mark a strong support zone in which, despite the increase, the price still remains...
Hello everyone, let's look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price is moving in the downtrend channel. Today we could see a strong downward movement in the price and in this situation the price fell below the strong support and now we have support at $26894 and then we have strong support at $25547. Now let's go from the...
The stock has broken a two year downtrendline with good volumes. Buy at 90.60, accumulate till 72 for a long term target of 311.
Hello everyone, I invite you to review the DOT chart in tandem with USDT on a four-hour interval. As we can see, the price has broken out of the local downtrend channel which we have marked with blue lines and is struggling to hold the price. Let's start by marking the support spots for the price and we see that we first have support at $6.06 just as we return to...
Price action and chart pattern trading setup > ABC Zigzag wave correction with a breakout at wave 4 downtrend channel > Target downtrend zone at Fibonacci 1.0 extension - 0.45 baht price > A possible upcoming bullish divergence for wave 5 with ending diagonal pattern > Wait for retest at the low position? always trade with affordable risk and respect your stoploss
NYSE:CPNG All of the positive indicators are combining for this underestimated stock: 1. The stock price candle of Feb 28 breaks out of the downtrending channel by more than 3% for the first time since Jul 2021. 2. Moving average of 7 days is just about to cross above the MA of 20 days 3. Volume increase as the price increases “MOMENTUM” 4. Clear Cup and Handle...
Cardano is making Lower lows! ADA is making lower lows as you can see, Therefore I think this downtrend's destination is around 1$. 1$ is so strong and I think a bounce there can happen, Buying a step there, Is wisely. Good Luck
Ethereum is trending lower within a downtrend channel after recently falling out of a longer-term uptrend channel. Price is below all short-term moving averages with all short averages in a bearish cross. Watch for 200sma support near $3350, failure there would likely lead to a dip down near the $2650 support level shown. Lower indicators all show bearish short...