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Rectangle

Is INTEL CORP exhibiting signs of a major bottom?INTEL stock has been decimated the last few months, due to growing competition, decelerating revenue and decrease of dividend. Is it dead though? Here is what the chart is saying: Big downtrend since April 2021. On October 2022, the stock has started a consolidation/base in form of a range between 24.90 and 30.85. This range could be a bottom formation . See also the double bottom on the chart. Note that bottoming pattern takes time and this one could continue for a few more weeks/months. However a break out of the range (31) could confirm a change of trend and a long trade/investment. Keep monitoring this stock in the next few days/weeks, set an alert at the top of the range. If it breaks out of the range, it will be time to initiate a long position. Note that there was a lot of institutional buying in February 2023. On watch.
NASDAQ:INTC
by Elpidaldo
BITCOIN (BTCUSD): Waiting For The Next Move ₿ Bitcoin is consolidating after a sharp bullish rally. The price is coiling within a horizontal trading range on a daily. Depending on the reaction of the price to its boundaries, I see 2 potential scenarios. Bullish If the price breaks and closes above 28950 on a daily, I will expect a bullish trend continuation. Target will be 31000. Bearish If the price drops and closes below 26300 on a daily, a bearish move will be expected. Goal will be 24300. Because the trend is bullish, I am on a bulls' side as well. However, let's see what will happen. What do you expect? ❤️Please, support my work with like, thank you!❤️
COINBASE:BTCUSDLong
by VasilyTrader
6
Gold -> Wait For The Break!Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Gold just recently retested a quite strong previous weekly resistance area exactly at $2000 and already rejected this zone towards the downside. You can also see that as we are speaking Gold is retesting previous weekly resistance which is now turned support exactly at $1945, overall market structure is also still bullish so I am now just waiting for a clear break above the $2000 resistance and then I do expect more continuation towards the upside. On the daily timeframe you can see that Gold is currently stuck in between the $2000 resistance and the $1945 support area - as long as the market remains between those two zones there is no clear trading setup so I am now just waiting for a clear break above the $2000 resistance followed by a retest before I will then probably enter a long to capitalize on the next impulse towards the upside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FOREXCOM:XAUUSDLong
by basictradingtv
44
Duolingo On Fire: Can It Keep Going Amidst Economic Uncertainty?Duolingo Inc (DUOL), an American edtech company, offers over 100 language courses, including popular and less commonly studied languages. The platform uses gamified lessons with translating, interactive exercises, quizzes, and stories to make learning more engaging. Its unique algorithm adapts to each learner's level and learning style for personalized feedback and recommendations. Duolingo also offers a language certification program, a literacy app for children, and a math app for iOS. The platform also offers podcasts with simplified grammar, vocabulary, and slower intonation for intermediate level learners. NASDAQ:DUOL is listed on NASDAQ. Wyckoff Change Of Character Leading Into Accumulation Phase And Breakout DUOL has been in downtrend after hitting an all-time high of $205 on 22 Sep 2021. The Wyckoff distribution persisted until a Wyckoff selling climax (SC) on 15 March 2022 where it hit $64.80. The subsequent reaction was a relatively impulsive automatic rally to reach $101.50. This had the characteristics of Wyckoff change of character (CHoH) as the price structure shifted from downtrend to a trading range. For the next few months, the price tested the highs and lows of the range. Several Wyckoff upthrust (UT) was formed but unable to commit above the resistance of $101.50. Yet the duration DUOL spent in the upper trading range $90-$110 showed evidence of strength. The price did one last leg down to test the low in late October to December of 2022 with low volume suggested exhaustion of supply. At the beginning of 2023, DUOL price had a localized Wyckoff spring then started a significant Wyckoff sign of strength (SOS) rally. It was the best rally and the pull back from resistance was shallow, forming the Wyckoff last point of support (LPS). This is the sign before a successful breakout of the Wyckoff accumulation phase. With earning results as catalyst, the price gap up above the $101.50 resistance and committed above it. This was accompanied by increased volume hinting at the presence of demand. The up trend took a momentary Wyckoff back up (BU) pullback forming a higher low at $114 before continuing on the phase E uptrend. Bias Bullish. According to the Wyckoff method, DUOL has just broken out of the BU range of $130.50 and is overextended short-term. The price might retest this level and before challenging the next immediate resistance at $154 and $165. If the price breaks below $130.50, it will likely retest the support at $114 with a prolonged consolidation.
NASDAQ:DUOLLong
by mingjong
💣BTC.D % will reject again from top of Rectangle pattern💣!!!Today let's take a look at the Bitcoin Dominance Index(BTC.D) and see if Altcoins are the right place to invest again if the cryptocurrency market is bullish or Bitcoin. Conversely, if the cryptocurrency market is bearish, can altcoins counter the fall or not❓ To answer the above ambiguities, we should first familiarize ourselves with the definition of the Bitcoin Dominance index(BTC.D%): What is Bitcoin Dominance Index ( BTC.D%) ❗️❓ Bitcoin Dominance Index(BTC.D%) is a measure of how much of the total market cap of crypto is comprised of Bitcoin. It can help you understand the trend of BTC and Altcoins. BTC.D has been caught between two zones of heavy resistance and support for about two years and has formed a rectangle pattern. It is interesting to know that measuring the strength of BTC.D's upward or downward trend can be achieved by measuring the time each upward or downward movement reaches one of the two upper or lower lines of the rectangle pattern. If you look at the chart, every time BTC.D moves from the bottom line to the first line of the rectangle pattern, it takes time, and this shows that the upward trend of BTC.D in the rectangle pattern is decreasing. I expect BTC.D to retrace from the upper line to the lower line of the rectangle pattern and this move will probably last 12-18 weeks. ❗️ Note ❗️: We have to compound BTC.D analysis with some other items such as Total Crypto Total Market Cap $ Index and etc. Bitcoin Analyze (Dominance Index ( BTC .D%)) Weekly Time frame⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe
CRYPTOCAP:BTC.DShort
by pejman_zwin
20
The rise in gold prices is over, has the decline opened?Only when you experience setbacks in everything will you realize that it is not easy to get, and what you get easily always feels too simple to cherish. This is human nature.Success is not that you don't work hard enough, but you don't persevere enough. 99% of the way is finished, but it is easy to fall in front of 1% because you give up too early. As the market digested the news of UBS's acquisition of Credit Suisse and the joint actions of the six major central banks such as the Federal Reserve, the market's risk aversion fell, and the gold price fell from the key mark of US 2,000 in volatile trading. It is currently trading near the 1964 line. From the perspective of gold price trends, gold surged to a position near 2009 yesterday and then fell sharply by more than 40 US dollars, and finally closed a negative K line with a long upper shadow line. This pattern generally indicates that the pressure above has begun to increase sharply, and technical indicators show that the oversold resonance is very obvious. Although there are obvious signs of a decline in gold prices at present, the trend formed by the large cycle is not easy to turn around in a short period of time, and market sentiment continues to be fragile, and the uncertain macro background will continue to attract gold buying.So I think there will be repeated situations here in the short term. Even if the bulls start again, they still need to repeatedly adjust the step-back confirmation process. In the short-term treatment, the lower support is in the 1950-1955 area, and the upper resistance is in the 1980-1985 area.Operationally, high-throwing and low-suction operations can be carried out in this area. In order to facilitate everyone to continue to follow up on my analysis and sharing, you can like and follow me; in addition, I will share the daily real-time strategy in the channel. If you can't follow up in real time, you may make operational errors.You can use the following methods to enter my channel for free to follow the latest news and follow up on market trends in real time.
OANDA:XAUUSDLong
by Short-term-king
2
Apple -> Attacking The All-Time-HighsHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153. In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside. On the daily timeframe you can also see the beautiful breakout above the resistance, I am now just waiting for a retest and bullish confirmation before the next impulse towards the upside is very likely to happen. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
NASDAQ:AAPLLong
by basictradingtv
52