Exponentialmovingaverage
AFRM: Gann Fans, AFRM is currently Trading below its 50/20 MA and its 12/26 EMA
the 12 EMA just crossed under the 26
Note the gap fill attempt
Using the Gann, it looks like support can be assumed along the 3/1 upangle and the 2/1 upangle to act as resistance if AFRM is to turn around
By using the 3/1 upangle AFRM may attempt that turnaround.
Assume the 3/1 downangle as resistance for the next 4-6 weeks as well unless broken by the 3/1 upangle
In my opinion, AFRM is finding a bottom soon
If AFRM decides to fill the gap in the next few weeks, I would look to the 8/1 to be support and this would indicate more bearish price action. ( Lower Lows would be set).
Neutral now, will update as time progresses on this one.
I would suggest keeping an eye on the options chain as well, big rolling down of calls and some big BTO purchases came in today as well.
Ticker Side Stirke C/P Date Spread Spot Size Prem OI Volume
AFRM BUY 95 call 2022-02-18 $7.15 - $7.40 $7.65 15,200 $11.6M 381 16.1K Floor
AFRM BUY 105 call 2022-05-20 $7.60 - $8.20 $8.25 13,950 $11.5M 642 15K Floor
NZDJPY Target Price 78.651NZDJPY. Moved Stop Loss to 77.899. Target is still set to 78.651. Price stalled at 78.217. Price stalling at 78.217 is the reason for moving the stop loss. Also the two candlesticks with the wicks in a particular direction is the other reason for moving the stop loss.
First Entry At Bullish Price Action Signal
Second Entry At Bullish Price Action Signal
Its not looking good right now for bitcoinbitcoin still has not managed to get above the 21 weekly EMA
if bitcoin does not manage by the end of next week to get above the 21 EMA , its a realy bad sign
if bitcoin breaks structure if it breaks support 41k 40k level (there are alot of stops to hunt!)i think it could be a devastating sign fot bitcoin and that could potentially put us into a bear market and it could increase risk to the downside
i personally would like to see bitcoin breaking resistance and pushing us back into an uptrend continuation
personally i think the wat things are going right now its not looking that good
im looking to buy setup in 36846$ after breaking 40k support (STOP! 33528$)
we shall have to wait and see
VeChain | VETUSD TrendWatch For Buy Opportunities On The 3H Chart. Watch for pin bar, inside bar, and engulfing bar price action signals.