NASDAQ:TSLA had a velocity run on the release of its production update for Q2. Velocity runs have gaps between candles which do not overlap. It is a run of enormous speculation to gambling mode and the professionals are taking advantage of it. Notice the pro trader setup candle patterns prior to the retail side getting the news.
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...
BEARISH Analysis of the Chart: BEARISH BEARISH BEARISH... OUR PREDICTION IS STILL IN PLAY. I will quit it when we break the previous high of 32K. But here is why I am bearish... The 20-day moving average (MA), represented by the red line, is currently below both the 50-day MA (yellow line) and the 150-day MA (sky blue line). This pattern typically indicates...
Celsius (CELH) ain't Red Bull but...it's BULLish! Patten Identified Inverted Head & Shoulders on the daily timeframe The daily chart displays the following information- -9 MA is above 21 and the 50 MA! -Price is above the 200 MA -Increasing momentum and volume *This is not financial advice Drink your water, MrALtrades00
ishares Trust iShares U.S. Transportation ETF AMEX:IYT I am bullish on IYT because I've identified a Bullish Harami pattern on the daily chart. Furthermore, we have several confluences on the MacD, RSI and volume indicators. -The signal is crossing up like A.I. (Allen Iverson) on the MacD indicator - The RSI indicator is pointing up -The OBV indicator is...
Trustswap is a relativ new crypto and shows a strong increasing volume in trading (check coingecko). This could be your next crypto gem since decentralised exchanges become popular and trustswap still flies under the radar.
Today's analysis – XEM/BTC – A strong break of its multi-month resistance backed by volume; showing signs of a macro trend reversal. Points to consider: - Bullish price action - S/R Flip (trend reversal) - EMA Golden Cross - Increasing volume - RSI above 50 - Stochastics below 50 XEMBTC breaking structural resistance with inviting bullish engulfing candles...
Today's analysis – PHB/BTC – Breaking bullish from its ascending wedge pattern, retracing to re-test daily support. Points to consider: - S/R flip retest - Support confluence - EMA Golden Cross - Increasing Volume - Oscillators above 50 PHBBTC trading in a healthy uptrend with a strong breakthrough daily resistance. Currently retracing to establish an S/R...