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Technalanalysis

SAVMUSDT Stalls at Monthly Hurdle: Pullback or Re-Test Incoming?SAVMUSDT is facing significant resistance at $8.506, a key level on the monthly chart. Given current market conditions, a breakout appears unlikely in the immediate future. Technical Analysis: Resistance: $8.506 (Monthly) Support: $7.391 (Daily), $6.630 (Daily), $5.449 (Monthly Pivot) Volume: (Not mentioned in the provided text) Key Observations: SAVMUSDT is encountering resistance at a crucial level on the monthly chart. Overcoming this hurdle could signal a continuation of the uptrend. The recent price rejection suggests a potential pullback or a retest of this resistance zone in the future on the daily chart. If the price falls, it could find support at $7.391 (daily), followed by $6.630 (daily) and then $5.449, which is a significant support level on the monthly chart (monthly pivot). Conversely, a successful breakout above $8.506 could lead to further gains towards $9.246 (second daily resistance) and potentially reach $10.666. SMA 200 can play a pivotal support role for SAVM Conclusion: The inability to break through the $8.506 resistance on the monthly chart suggests a potential pause in the uptrend. Traders should closely monitor the price action around this level. If the price pulls back, established support levels exist at $7.391 (daily), $6.630 (daily), and $5.449 (monthly pivot). Conversely, a breakout above resistance could signal a surge towards $10.666. This information is for educational purposes only and should not be considered financial advice. Please conduct your own research before making any investment decisions.
by behnoudt
3
POSSIBLE BEARISH CONTINUATION The analysis of higher time frame data suggests that the current market trend remains bearish. It is advisable to maintain this perspective. Upon examination, it is observed that the price has diverged from the two-hourly order book (OB), leaving behind a favorable volume gap (FVG) below it. This has resulted in the creation of internal liquidity that will need to be swept and interact with the OB. Entering the market from the OB at this point is considered a risky proposition. It is important to await a change of character in the price after reacting with OB. Therefore, it is recommended to observe and monitor the market situation closely.
Short
by BFUFX_MARKETS
Bitcoin on the Rise: Technical Analysis Shows Positive MomentumHey there! So, we're going to talk about Bitcoin prices over the last couple of days. The price of Bitcoin has been jumping up and down quite a bit during this time, with the highest price being 31,000 USD and the lowest being 26500 USD. Now, let's talk about moving averages. to see where the trend is 50-day moving average: 27215 USD 100-day moving average:24690 USD 200-day moving average: 21312 USD Right now, the 50-day moving average is higher than both the 100-day and 200-day moving averages, which means that Bitcoin is trending upwards. Next up, we have a look at the Relative Strength Index (RSI). Right now, the RSI for Bitcoin is at 52.00, which means that the market is pretty neutral - neither really good nor bad. So, based on all this technical analysis, we can say that Bitcoin is currently on an upward trend.
Long
by TheTradersAvenue
18
Bitcoin Under Pressure as Selling Continues, Testing Key SupportBitcoin has been consolidating around the 22000 level in recent days, with a potential breakout looming in the near future. However, the current price action suggests a bearish trend with selling pressure bringing the price down toward the support levels. Additionally, the pair has broken below both the 55-day and 100-day EMA, which indicates a weakening bullish trend. The next possible support level is the 200-day EMA at 21200, which could potentially provide a strong bullish reaction if the price bounces from this level. On the 4-hour chart, the price action is expected to remain bearish, with a possible continuation of the downward momentum. Traders may want to wait for a bullish confirmation before considering a long position, such as a bullish engulfing pattern or a trend line breakout. It is crucial to exercise proper risk management techniques and always consider your risk tolerance before entering any trade. Follow us for more updates on cryptocurrency trading strategies and analysis.
by TheTradersAvenue
33
$PFE keep an eye on it.$PFE has been trending up for the past few weeks. mostly probably because of the covid variant and news. today it just reach the ATH and could possibly continues when they release a news for oral medication for covid. average move of this stock is about .70 to $2.00 depending on a day. on a smaller time frame, the momentum is almost reaching the exhaustion. possible Put play tomorrow as people take profits after reaching all time high. Hello Guys, welcome to this free and technical analysis. ( mostly momentum play ) I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities. If you have any questions or suggestions which stock I should analyze, please leave a comment below. If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel. Thank you for watching and stay tune.
NYSE:PFEShort
by CHRIS_B58
2
$AAPL reaching its limit. $AAPL bullish momentum is reaching it limit. the stock has been trending for almost few weeks now. as some people say, the stock needs to cool off or consolidate before it makes another big move. as the new covid strain lingering and the fed tapering. the next couple weeks, will determine if the stock will continue to rise or consolidate... in the higher time frame, AAPL looks like still look bullish. but in 1hr chart in lower time frame, the gives you some idea what might possible move the nex day.
NASDAQ:AAPLShort
by CHRIS_B58
Single candlestick pattern can reverse the previous trend.Do you think that a single candlestick pattern can reverse or change the previous trend ?? There are two main trends in the market, uptrend, downtrend, and there is also a trend where the market moves in a range and goes nowhere. Now the question we have is, if the market has to change its current change, can it be done in a single trading session, the answer is no for sure, such events happen rarely and consider as an exception, normally markets before changing the trend experiences price fluctuation, it creates ranges, sees changes in volatility, sometimes volatility contracts sometimes expands and all these price behaviours then led to a trend change. These price behaviours are termed as patterns because these price behaviour often repeats and to identify them easily again, traders had given them different names. These patterns are further described as reversal patterns and continuation pattern. Patterns that results in the continuation of the previous trend is called as continuation patterns such as flag pattern, pennant, triangles, cup and handle. And the patterns that result in a trend change is called as reversal patterns, such as head and shoulders, double bottom, double top, broadening triangles.
NSE:NIFTYEducation
by manuagarwal21