M-oscillator
Potential Breakout in PalantirPalantir Technologies has been consolidating as the broader market struggled, and some traders may look for its uptrend to continue.
The first pattern on today’s chart is the February 24 high of $99.01. PLTR peaked near that level in late March and again last week. However the stock cleared the resistance yesterday, which may signal a breakout.
Second, prices consolidated at the 50-day simple moving average but have now escaped from it. Is the intermediate-term trend getting more bullish?
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Those patterns may reflect bullish short-term momentum.
Finally, the software company is a highly active underlier in the options market, averaging more than 700,000 contracts per session in the last month. (It ranks in the top five of the S&P 500, according to TradeStation data.) That could help traders take positions with calls and puts.
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Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
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EUR/CHF: At the Crossroads with 200DMA Looming LargeWith the key 200-day moving average overhead and having failed to sustain pushes above .9400 earlier this month, EUR/CHF finds itself at an interesting level on the charts, generating multiple potential setups depending on how near-term price action evolves.
If the price is unable to hold above .9400, shorts could be initiated with a stop above the 200-day moving average for protection. Minor support sits at .9339, with a break of that level opening the door for a run toward the recent swing low around .9220. For this setup to play out, an escalation in trade tensions between the United States and major trade partners would be helpful.
Alternatively, a break and close above the 200-day moving average would allow for longs to be established, targeting the 50-day moving average initially and resistance at .9491 thereafter. A stop beneath the 200DMA would provide protection. Further concrete progress in trade negotiations would assist an extension of the recent rebound.
While momentum indicators are less bearish than when the price last visited these levels, on balance, they still screen neutral to slightly bearish.
Good luck!
DS
Crypto Bulls Awaken – Is This Just the Beginning?In the past 48 hours, the crypto market has brought joy to traders and investors who managed to buy near the bottom.
(Sorry to the cryptobros still holding floating losses—your time will come too! 😊)
Some of you might be thinking it's too late to ride this bull run. But if you zoom out and look at the bigger picture, there's still plenty of room for the bull to run.
Just switch to a higher timeframe like the weekly or monthly chart, and you'll see the potential upside.
One coin that looks particularly interesting is BINANCE:SUIUSDT .
There's been a pullback from 2.1829 - 1.7997, and it's supported by bullish divergence, suggesting a continuation of the impulsive move with 7.6108 as the first major target.
This bullish scenario remains valid as long as the price holds above 1.7174.
You might be wondering,
" So can I just buy/long BINANCE:SUIUSDT now? "
Not yet.
For a better entry and a more favorable risk-reward ratio, I suggest using the daily chart.
Wait for a pullback, then look for confirmation using candlestick patterns.
(I'll cover those patterns in my next post—stay tuned!)
ASX 200 Bulls Take the Reins as Trade Hopes BuildThe signal from last week’s bullish engulfing candle on ASX 200 SPI futures has proven reliable so far, with the price rocketing above 7900 on Monday, providing a platform to establish long positions around.
With optimism building over trade deals between the United States and major partners, including China, bulls may look to enter above 7900 with a stop beneath for protection. The 50-week moving average screens as a potential target, with futures bouncing strongly from it the last three times it’s been tested.
If the price reverses and closes below 7900, the bullish bias would need to be reassessed.
Momentum indicators remain net-bearish, though RSI (14) is lifting toward neutral. Given the headline-driven nature of the market, these signals may be less reliable than usual.
Good luck.
DS
#ETH Update – April 22, 2025
Current Price: $1,700.02 (+7.8%)
📊 Technical Snapshot
• Trend: Downtrend (last 4 months)
• Support: $1,500 & $1,350
• Resistance: $1,750 & $2,150
• Range: $1,557 – $1,630 → Moderate volatility
• ETH has dropped ~65% from its all-time high of $4,107
🔗 On-Chain Metrics
• Exchange Inflows: Large positive netflow to derivatives in March → Selling pressure
• Wallet Profitability: Only 20.94% of wallets in profit → Weak sentiment
• Active Addresses: Down to 400K from 650K → Lower usage
• Staked ETH: Over 25.6M ETH → Long-term confidence remains strong
🧭 Fundamentals
• SEC Approved ETH ETFs (no staking allowed) → Institutional inflow potential
• Galaxy Digital moved $100M from ETH to SOL → Institutional rotation
📈 Forecasts
• Short-Term (by Apr 27): ~$1,635.87 (−0.51%)
• Mid-Term (by May 22): ~$1,725.30 (+4.93%)
✅ Summary:
ETH is still in a downtrend, but fundamentals like staking and ETF approval show long-term strength. Short-term movement may be choppy. Watch $1,500 support and $1,750 resistance.
#BTC Market Update – April 22, 2025Current Price: $90,700 (+4%)
📊 Technical Overview
• 200-Day MA: $88,356 – BTC is trading above it → Bullish sign
• RSI: 78 – Overbought zone → Possible pullback
• Resistance: $90,000 – Key psychological level
• Support: $85,000 – Watch this level on retracement
🔗 On-Chain Insight
• Long-Term Holders: Some distribution happening → Profit-taking
• Network Activity: Steady → Healthy usage
• Sentiment: Bullish → Weak USD + institutional inflows
🧭 Macro & Fundamentals
• U.S.–China tensions + Fed uncertainty → BTC seen as safe haven
• Institutions are increasing their exposure → Positive market signal
✅ Summary:
BTC shows strong bullish momentum, but RSI is overheated. Stay alert for potential short-term correction. Key levels: $85K support / $90K breakout.
Kaspa Vs Eth have finally broken out. Heading to ATH?After a period of DCAing, especially within the green zone (golden pocket), Kaspa had finally set a higher high, and now have broken out above the long-term yellow resistance line.
Orange measured-move line indicates that Kaspa will be heading up to retest the ATH (vs ETH) again.
Here's a zoomed-out view of the long-term support/resistance lines drawn.
StoneCo May Have Turned HigherStoneCo has been stuck in a range since crashing in 2021, but some traders may think it’s turning back to the upside.
The first pattern on today’s chart is the series of lower highs since early last year. Prices have apparently broken that falling trendline.
Second, the Brazilian fintech jumped on a strong quarterly report last month and continued higher after a pullback. That could reflect improved fundamentals.
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD is also rising. Those signals may be consistent with a short-term uptrend.
Fourth, the 50-day simple moving average (SMA) is nearing a potential “golden cross” above the 200-day SMA.
Finally, Latin American stocks have outperformed in recent weeks. Brazil, in particular, has seen economic growth forecasts increase.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. If you're born to trade, we could be for you. See our Overview for more.
Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors.
Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges.
TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
Why I Think GBPJPY May Continue to Sell...Technical AnalysisHey Rich Friends,
I think GBPJPY will continue to sell today and maybe this week. This is only a technical analysis so check the news and cross-reference your charts/indicators. Here is what I am looking at:
- The market has already rejected the daily high of 188.852, which is a strong sign that it can continue to move down.
- The 4-hour low was broken, and sellers are picking up momentum on lower time frames.
- The stochastic is facing down, the slow line (orange) is above the fast line (blue), and both lines have crossed below 50
Sell stops are recommended. I will use previous lows as TPs and previous highs as stop losses. Good luck if you decide to take this trade. Let me know how it goes in the comments.
Peace and Profits,
Cha
EWTSU XAUUSD H4 update - minute ((3)) developping
Elliott wave trade setup H4 update the previous wave count
minute ((3)) developping -
fib target 1.618 area 3490
macd momentum slow down
minute wave ((4)) should follow corrective
fib target 0.382/0.50 - 3294/3230
macd to zero line
ichimoku first support 3410/3350
Aussie knocking on the door of major bullish breakAUD/USD sits at a key level, banging up against the dominant uptrend dating back to October 2022.
You can see from past price interaction how pivotal this trendline has been — initially acting as support before flipping to resistance after being broken late last year.
The bullish engulfing weekly candle from early April flagged what’s since played out, hinting this fresh attempt to break the trendline may have more legs than those seen in recent months. Momentum also leans bullish, with both RSI (14) and MACD trending higher.
If AUD/USD can break and hold above the uptrend, it may draw in additional bulls from the sidelines, opening the door to a move towards .6550 — a zone the pair chopped around in during late 2024.
If the price cannot hold above the trendline, the bullish bias would be invalidated, opening the door for potential short setups.
Good luck!
DS
Nike Wave Analysis – 21 April 2025
- Nike reversed from the long-term support level 52.60
- Likely to rise to resistance level 60.00
Nike recently reversed from the strong support area between the long-term support level 52.60 (which has been reversing the price since 2012) and the lower monthly Bollinger Band.
This support area was strengthened by the support trendline of the long-term down channel from the start of 2023.
Given the strength of the support level 52.60 and the oversold monthly Stochastic, Nike can be expected to rise to the next resistance level 60.00.
EWTSU EURUSD H1 minuette ((iii)) is going to end
Elliott wave trade setup EURUSD H1
minuette ((iii)) is going to end
micro wave ((5)) of subminuette v of minute (iii) is going to end in five waves:
micro wave degree is developping -> (3)-(4)-(5)
once minute ((iii)) is finished corrective minuette (iv) should follow
What If Trump’s Tariffs Are Actually Bullish for SPX ?Hello Traders 🐺
In this idea, I want to take a closer look at SPX and break down why the new U.S. tariffs and Trump’s economic policies could either boost or damage the U.S. economy in the coming months. So make sure to stay with me until the very end.
🔍 Let’s start with the chart:
As you can see, SPX is currently holding above a weekly support level, marked by the orange ascending trendline. So far, so good. However, we’re also seeing a massive bearish divergence on the RSI — and in my opinion, this was one of the key reasons behind the recent Black Monday-style selloff.
⚠️ But here’s the deal: If SPX breaks below this orange trendline, the next strong support is around 3375 — aligned with the 0.5 Fibonacci level and the monthly blue trendline inside our green support zone.
🤔 Should we be bearish on SPX and the U.S. economy?
That’s the big question… and it’s tricky to answer right now. Let’s break it down.
🔧 1. Tariffs and Trump: What’s really going on?
We’re currently in a pause phase of the ongoing tariff war — with countries negotiating to avoid escalation. But here’s the catch: markets hate uncertainty, and that’s why we saw panic selling recently.
Still, most people miss the bigger picture here.
The U.S. has long been a consumer-driven economy, importing heavily from other nations. Meanwhile, U.S. producers have struggled to compete — both domestically and internationally — due to low tariffs at home and high tariffs abroad.
So what do Trump’s new tariffs do?
✅ They level the playing field for U.S. companies at home
✅ They push other countries to lower their tariffs through negotiation
✅ They reduce dependency on foreign imports and support domestic production
In short, if combined with smart monetary policy, these moves could actually help revive U.S. manufacturing and strengthen the economy in the mid-to-long term.
📉 Final thoughts on SPX:
I personally don’t believe the bearish breakdown is coming — but as a trader, I focus on reality, not preference. Right now, we’re still holding above major support, and unless that breaks, the bullish scenario remains in play.
Let me know what you think about this macro setup in the comments.
And as always remember:
🐺 Discipline is rarely enjoyable, but almost always profitable 🐺
🐺 KIU_COIN 🐺
BTCUSDT - Trade Log BTCUSDT – Weekly Bullish Outlook
Weekly Context: Price has held the weekly Fair Value Gap and bounced off the 50 EMA, with clean wick rejections signaling strong buyer demand. The recent pullback (~32% from ATH) remains within historical correction bounds, and the tiny current retrace (<1%) suggests low downside risk. A triple bottom on the weekly RSI cycle around 40 further supports a bullish reversal.
Trade Plan (Long):
– Entry: Add longs near the weekly FVG / 50 EMA (around 75–87k).
– Stop: Place just below the FVG low (≈70k), risking ~5% of account.
– Target: First at 100k (psychological level), then previous ATH region for a 1:3+ RRR.
Bullish Catalysts:
• Weekly 50 EMA has only closed below twice—support intact.
• Weekly FVG wick signals have historically delivered high-probability bounces.
• Triple bottom on weekly RSI signals major capitulation is complete.
• Macro backdrop (equities & gold) remains positive for BTC.
Stay alert for any decisive weekly close below the EMA—until then, the bulls remain in control. 🚀