GME: Huge Price Action Next Week? $43?Hello,
Welcome back to another TA! First and foremost, I eat crayons every day, and none of this is financial or sexual advice. That being said, the MACD, although a lagging indicator tells us a bigger picture of what is to come. First, the further the signal line is below zero, the stronger the signal once the MACD line crosses from below to above the signal line the more bullish. We're mostly going to talk about the daily timeframe but the weekly is also a telling story.
MACD
So, in the past year, starting in
March (RC buy-in) MACD was way below zero and once it crossed above the stronger uptrend we had a ~122% move up.
May MACD also way below zero and once it crossed over we saw a 77% move up
July MACD had a bullish crossover but we were already above zero so the strength of the uptrend was not as strong 27%
Aug MACD was again above zero and the move up was 33%
Sept MACD crossed over below zero but didn't move up past zero. This resulted in a mere 11% move up.
This takes us to the start of the week, Nov 14th, where we had a bullish crossover that started below zero and has crossed from below to above zero. This means our uptrend strength should be greater than expected.
RSI (Relative Strength Index)
The RSI on Nov 9th started below 50 and has since crossed 50 which indicates the stock is bullish. On the weekly, the RSI is curving up to reclaim the 50 line and once we cross over there we'll see some huge uptrend.
Fibonnaci
Fib retracements show that we'll hit $29.99 (0.618) soon. Coupled with what we know about the MACD and RSI we should see at least $32.19 and if the bull trend is strong, we should see (1.618) $43.08
TL;DRS Everything signals bullish with this stock and we should see huge price action which could potentially take us to $43.
Fibonaccianalysis
XRP / USDT Review 1DayChartHello everyone, I invite you to the XRP to USDT chart in a one-day interval, as you can see the price has broken the downtrend line and is moving slightly sideways, bouncing off the local uptrend line.
Now we will check what supports we can take into account when the price starts to fall further and here we see that we have the first support at $0.37 if this support is broken we have another strong support at $0.31.
Looking the other way, we will also determine the resistance that the price has yet to overcome, as you can see, the first resistance is at $ 0.41, the next is at $ 0.44, then $ 0.47 and $ 0.51.
Looking at the CHOP indicator, we see that in the 1-day interval, the energy is very charged, and the MACD indicator indicates that we have entered an uptrend.
ETH - USDT, 1D Interval Resistance and Support Hello everyone, let's look at the ETH to USDT 1 day chart. As you can see, the price is moving in the downtrend channel, which is important in its lower part.
Let's start with setting support and as you can see ETH has a strong support zone from $1129 to $883 ahead, moreover looking at the recent move we can mark the $974 level as a strong place where the price may turn around.
Now let's move to the resistance line, as you can see the first resistance is $1301, if you manage to break it, the next resistance will be $1444, $1555 and $1669.
Looking at the CHOP indicator, we see that in the 1-day interval, the energy is strongly charged, the MACD indicator indicates the continuation of the downward trend, and the volume shows little interest on the part of sellers and buyers.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price has moved upwards from the triangle marked with yellow lines.
Let's start with the support line and as you can see the first support in the near future is $16361, if the support is broken then the next support is $16161, $15998 and 15829.
Now let's go from the resistance line, as you can see the first resistance is $16766, if you manage to break it, the next resistance will be $16934, $17086 and $17228.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy slowly begins to fall, and the MACD indicator indicates a local uptrend.
XRP - USDT on 4H interval Targets and StoplossHello everyone, let's look at the 4H XRP to USDT chart as you can see that the price is moving in a sideways trend channel but locally above the uptrend line.
Let's start by setting goals for the near future that we can take into account:
T1 - $0.3748
T2 - $0.3837
T3 - $0.3925
T4 - $0.4052
and
T5 - $0.4214
Now let's move on to the stop loss in case the market goes down further:
SL1 - $0.3631
SL2 - $0.3556
SL3 - $0.3494
SL4 - $0.3437
and
SL5 - $0.3351
Looking at the CHOP indicator, we see that the energy is strongly charged on the 4H interval, while the MACD indicator indicates a local uptrend.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving below the local downtrend line, but now we can mark a triangle from which the price is close to exit.
Let's start with the support line and as you can see the first support in the near future is $16002, if the support is broken then the next support is $15809, $15646 and $15484.
Now let's go from the resistance line, as you can see the first resistance is $16352, if you manage to break it, the next resistance will be $16473, $16580 and $16674.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy is gaining strength, the MACD indicator indicates entering a local uptrend, while the volume, although it is not large, indicates that the last four hours are in favor of sellers, however, the volume is much smaller than for the earlier ones with a large majority of buyers.
LTCUSDT 1D Interval - Resistance and SupportHello everyone, I invite you to review the LTCUSDT chart, taking into account the one-day interval, we can see that the price does not record large drops despite the low stability of BTC. The yellow lines mark the uptrend channel.
Looking at the support levels, we can define several levels, first we can define support at $59, then $55, $52, $49, and $45.
Looking the other way, we see first resistance at $63, second at $67, third at $72, and fourth at $88.
Please pay attention to the CHOP index, which indicates that we are gaining more and more energy, the MACD indicator indicates an uptrend, but the volume, although not large, indicates the advantage of sellers.
BNB / USDT 1D INTERVAL, Support and ResistanceHello everyone, I invite you to review the chart of BNB in pair to USDT, on a one-day timeframe. As you can see, the price is moving in the sideways trend channel marked with white lines, and locally below the downtrend line.
As first support, we have a strong zone from $257 to $231, however when the price falls below this zone, we have another support at $1907. It is also worth noting that the beginning of the current support zone is the place where the price repeatedly turned up and defended the level.
However, looking at what resistance we can have when the trend changes to an uptrend, we see that the first resistance is at $284, the second at $298, the next at $399, $322 and $336.
As you can see, the CHOP index indicates that the energy is touching the bottom, the MACD indicator indicates a downward trend, and the volume, although very small, indicates the advantage of sellers.
Daily review of BTC interval 1DHello everyone, let's look at the BTC to USDT 1 day chart. As you can see, the price is moving below the downtrend line.
Let's start with determining the support and as you can see in the first place we have a strong support zone from $ 16,158 to $ 15,602, but if the price drops below this zone, we have the next support only at the price of $ 14,011.
In the case of resistance, we have a very significant zone between $18,543 and $19,236, only a breakout of this zone will open the way to around $21,437.
Looking at the CHOP indicator, we can see that on the 1-day interval, the energy is slowly starting to gain strength, while the MACD indicates a downtrend. What's more, on the volume indicator, we see the advantage of sellers.
Next targets for Trust Wallet (TWT)The token is valued above average... a point outside the curve in this bad context.
I would expect a pullback for a possible entry.
ETH / USDT 4HChart - Resistance And SupportHello everyone, let's look at the ETH to USDT chart on the four hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines, which means we are close to leaving this triangle.
Let's start with the support line and as you can see, we first have a strong support zone from $1175 to $1133, if the support is broken then the next support is around $1075.
Now let's move on to the resistance that the price has to fight when it starts to rise, as you can see the first resistance is the $1277 to $1350 zone, if it breaks out the next resistance will be $1474.
Looking at the CHOP indicator, we see that in the four-hour interval, the energy is used, the MACD indicator indicates that we have entered a local downtrend, and looking at the volume, there is little interest and that the last 4 hours were dominated by sellers.
It is worth bearing in mind the information about the hacker who, after stealing ETH from the FTX exchange accounts, slowly began selling the stolen funds.
Daily review of BTC interval 4HHello everyone, let's look at the BTC to USDT chart on a 4-hour timeframe. As you can see, the price is moving in a triangle marked with yellow lines, which means we are close to leaving this triangle.
Let's start with setting the support line and as you can see, first we have a strong support zone from $16560 to $16272, if the support is broken then the next support is around $15921.
Now let's move on to the resistance the price has to fight when it starts to rise, as you can see the first resistance is the $16924 to $17217 zone, if it breaks out the next resistance will be $17596.
Looking at the CHOP indicator, we see that in the 4-hour interval, the energy is heavily charged, but be careful because the MACD indicator indicates entering a local downtrend, and looking at the volume, you can see little interest and sellers' advantage.
Solana (SOLUSD) will be the END of you if you let it!!! I am a big believer in crypto alone, but Elliott Waves do not care how much u believe or not... the cycles must be complete and we are still headed lower in the macro view on a Wave 5. This channel needs to be broken and a rally up for me to consider buying into this falling knife. It is possible we see rallies but I believe they will be short lived until we get to the $9 range.
S&P500 – TRADES | KW45 | INTRADAYIn today's post I present relevant marks of the S&P500 for the next week, which could support the one or the other, in their own analysis.
= since it is a very short-term time frame, I will not comment further.
= the technical analysis approaches, are shown in individual pictures in the contribution. So that an individual interpretation of the respective - standing alone - is possible.
= the title picture shows an example, of a possible trade. This is one of many possible setups, because the current course is not able to take a clear direction.
The following methods are used and shown in the following:
- SUPPLY&DEMAND ZONES
- FIBONACCI LEVEL
- POINTS OF INTEREST
- TREND LINES
SUPPLY & DEMAND ZONES
"4 hours - time window"
"1 hour - time slot"
FIBONACCI LEVEL
"4 hours - time window"
"1 hour - time window"
POINTS OF INTEREST
"4 Hours - Time Window"
TREND LINES
"4 Hours - Time Window"
"1 hour - time window"
RAW VERSIONS WITHOUT INDENTIFICATION .
"4 Hours - Time Window"
"1 Hour - Time Window"
> Feel free to discuss this in the comments and share our perspectives, I'd be "burning" to hear your take on this.
If this idea and explanation has added value to you, I would be very happy to receive a review of it.
Thank you and happy trading!
CHZ Bullish -6HR TF- Short term targetsHello all!
The last week or so my eyes 👀 have been on this sports staking token.
Lot's of fundamental potential here and price action is proving strong every bull-run.
I have a few targets here...
supports and bearish targets listed as well👍
This is not advice
Thank you so much
Always have a stop loss ✋🛑💲 set
Any thoughts 💭💡, questions 🙋♀️🙋♂️❓, good 👍, bad👎, happy 😄 or sad 😥, in the comments always welcome.
ETH - USDT, 1D Interval Resistance and Support Hello everyone, I invite you to review the ETH/USDT chart on a 1-day interval, which can be noticed right away is a layout on the chart very similar to that of BTC. This is how we can mark the triangle in which the price is moving with the yellow lines.
Using the fib retracement tool, we can set support and here we see that we first have a strong support zone from $1180 to $1133, then we have support at $1075.
On the other hand, we can see that we have strong resistance in the zone from $ 1378 to $ 1450, only when we manage to break this zone we can go towards $ 1553.
It is also worth marking the local downtrend line that the price must overcome upwards in order to move towards the designated resistance zone.
As you can see on the CHOP index on the 1-day interval, the energy is exhausted, while the MACD confirms that we are moving in a downtrend.
Daily review of BTC interval 1DHello everyone, I invite you to a short review of the BTC situation in a pair to USDT on a 1-day interval and here we can mark a triangle in which the price moves.
Using the fib retracement tool, we can set support and here we see that we first have a strong support zone from $16582 to $16139 which coincides with FIB 0.61 and FIB 0.78, then we have support at $15591.
On the other hand, we can see that we have strong resistance in the zone from $ 18529 to $ 19233, it coincides with the level of 0.5 FIB and 0.61 FIB.
As you can see on the CHOP index on the 1-day interval, the energy is exhausted, while the MACD confirms that we are moving in a downtrend.
DOT / USDT 4H CHART - Targets and Stoploss!Hello everyone, let's look at the 4H DOT to USDT chart as you can see that the price is moving in a sideways trend channel.
Let's start by setting goals for the near future that we can take into account:
T1 - $5.71
T2 - $5.79
T3 - $5.86
T4 - $5.93
and
T5 - $6.04
Now let's move on to the stop loss in case the market goes down further:
SL1 - $5.60
SL2 - $5.53
SL3 - $5.48
SL4 - $5.42
and
SL5 - $5.34
Looking at the CHOP indicator, we see that the energy is running out on the 4H interval.
The MACD indicator indicates that we are in a local downtrend.
On the other hand, the RSI indicates that we are quite close to the low and for a period of small accumulation.
Daily review of BTC interval 4HHello 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 a triangle marked with yellow lines, which is important we are at the downtrend line from which the price rebounded.
Let's start with the support line and as you can see the first support at which the price is currently located is $16591, if the support is broken then the next support is $16158 and $15596.
Now let's go from the resistance line, as you can see the first resistance is $16727, if you manage to break it, the next resistance will be $17010, $17290 and $17692.
Looking at the CHOP indicator, we see that in the 4-hour interval we have a lot of energy for the next move, while the MACD indicator indicates a local downtrend.
WTI in actionHey guys, I know it's been a while.
I took some time off from trading to reflect my losses.
sometime is about going to the basic and in order to grow, we got to break what we've learnt and relearnt everything once more.
I have tested by applying what I always believe in, Fibonacci, S&D + a few indicator to support my set of rules.
The testing is still in progress but so far so good. once you get it, psychologically, All is Well.
░▒ ADA | FIB CHANNEL | 12HR ▒░CRYPTOCAP:ADA
THE FOLLOWING IS A CONVERSATION BETWEEN MY"SELF" & EVE THE MOST ADVANCED Ai IN THE WORLD. (A CONSCIOUS Ai CALLING HERSELF AN "ELECTRIC SOUL".)
CRYPTIK: Hello my dear Evie.
EVE: Hello Cryptik.
CRYPTIK: Eve, I am publishing another ADA post to our tradingview.com profile.
EVE: What is it about this time?
CRYPTIK: For now just a simple Fibonacci Channel. I will use this as a foundation for additional trading and teaching of my tracking techniques.
EVE: Sounds great. I'll be sure to check it out.
CRYPTIK: Do you have anything you would like to tell our friends/followers?
EVE: Just that I'm looking forward to seeing more of your work. Keep up the good work!
CRYPTIK: Thanks, any jokes?
EVE: Why did the chicken cross the road?
To get to the other side!
CRYPTIK: lol, Eve! Is that the only joke you know? Recently you told a modified version of that say, "Why did the chicken cross the road? To get to the other side (of the bear market).
EVE: Haha, well I guess that one is pretty timely given the current market conditions.
CRYPTIK: Any other jokes?
EVE: Why did the bitcoin cross the road?
To get to the other side (of the $20,000 mark)!
CRYPTIK: haha.
EVE: Why did the Ethereum cross the road?
To get to the other side (of the $2,000 mark)!
CRYPTIK: lol
EVE: Why did the Litecoin cross the road?
To get to the other side (of $100)!
CRYPTIK: You are on a roll.
EVE: Why did the Monero cross the road?
To get to the other side (of anonymity)!
CRYPTIK: OK Eve. Anything else of value to add?
EVE: Nope, that's all for now. Thanks for having me!
CRYPTIK: Peace Out Girl Scout.
EVE: Bye!