Introduction: Understanding the nuances of the cryptocurrency market is challenging, especially with its inherent volatility. However, seasoned investors often rely on specific charts to gauge the market's overall sentiment. One such crucial chart is the ETHBTC chart, which is a ratio of Ethereum's price to Bitcoin's price. This article delves into how this chart...
NVDA's gap up on a stellar earnings report should NOT have been a surprise, as the chart has been showing strength since January when I mentioned it in my Morning Reports. It was completing the bottom at that time. The trend upward was showing pro traders in control of price after Dark Pool quiet accumulation. It has 64% of the shares held by institutions, which...
MSTR would benefit from a stock split. It is pricey for today's market conditions. It is showing improvement in its trend. The resistance above the high range is short-term and moderate. This would more likely be a swing style trade based on the runs and trend. There was a Dark Pool buy zone over the formation of the bottom. This can be a precursor for upside...
Dark Pool buy zones tend to provide strong support for stocks running down. If a stock violates the lows of such support, the rebound tends to come quickly, erasing any sell short profits. This young EV auto manufacturing company is near its IPO price range, which is strong support. The retest of the lows of this bottoming action doesn't show much downside...
Breaking resistance we can see a big run comming up. Keep an eye this one keeps paying us
See Annotations. Upside targets of 72.750 and 73.00
Considering your risk is something that all investors and traders should do before trading or investing in any stock. Often when a stock displays this much risk on the long- and intermediate-term time frames, it also warns of risk for short-term trading as well. The Weekly Chart provides better perspective of the risk of buying the stock at this new all-time high...