Get started

Uptrendchannel

SPX Gap DownSPX gapped down with the rest of the US indices today as overnight futures markets were sold heavily by traders on Covid19 fears. Price closed Friday at $3,337 and closed today at $3,225 for a -3.41% loss making this one of the largest 1-day declines in recent memory. Not much of a rebound today as price didn't come close to retracing the overnight gap, but traders did manage to hold price just above a previous low of $3,214(blue dashes) which is a price base aka previous level of price demand. The blue line represents the last low in price prior to a new high being made, and with my trend trading system stop-losses should be resting just below that blue line. Should price head lower tomorrow and violate the area of support it would give reason to shift to a bearish view, but for now neutral is the name of the game. While the drop today was significant and now has price trading below the uptrend channel(orange lines), that gap could fill pretty quickly should traders shrug off virus fears again and return to the manic buying we've seen coming from retail buyers(mom and pops with their commission-free accounts). Should price head lower, the yellow dashed lines are levels to expect some buying to occur, with the upper yellow line at $3,155 being support level 1 and the lower line at $3,070 being support level 2. Level 2 would likely be the strongest since it is just above the psychological level of $3,000 which in itself could cause bulls to come out in full force to defend that price level if they still have conviction in the market rally. I haven't kept up with any news today, more specifically news coming out of the Federal Reserve in regard to their plans for fighting this decline, but if any Fed officials made statements indicating that the Fed is ready to print more money and/or lower interest rates to fight the economic impact of the virus, I'd expect this dip to be bought with a vengeance by institutions.
SP:SPX
by PrepForProfit
Bitcoin Held Channel SupportBitcoin held support at the lower line of the uptrend channel(orange) which was also where horizontal support rested(dashed blue) which added extra support on the recent dip back below $10k. With support now tested and holding, as well as price back above $10k, we can assume that the trend is going to remain bullish. Immediate short-term resistance is at the red dashed line near $10.5k, but the main target I'm watching and expecting price to reach remains up near $11k, highlighted in yellow. Short-term trend remains bullish, a break above $11k will likely lead to a more intermediate bull trend and push back up near $14k over the next few weeks. With the recent dip and lower channel test a new stop-loss level has been created shown with the solid blue line. Stop-loss level has now been moved up from just below $9k to $9.4k. As long as price remains above $9.4k the short-term trend will remain bullish.
COINBASE:BTCUSDLong
by PrepForProfit
$AMAT Uptrend Still In Tact$AMAT remains firmly in an uptrend and the dip looks to be a buying opportunity. Applied Materials, Inc. provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. It operates through three segments: Semiconductor Systems, Applied Global Services, and Display and Adjacent Markets. The Semiconductor Systems segment develops, manufactures, and sells various manufacturing equipment that is used to fabricate semiconductor chips or integrated circuits. This segment also offers various technologies, including epitaxy, ion implantation, oxidation and nitridation, rapid thermal processing, physical vapor deposition, chemical vapor deposition, chemical mechanical planarization, electrochemical deposition, atomic layer deposition, etching, and selective removal, as well as metrology and inspection tools. The Applied Global Services segment provides integrated solutions to optimize equipment and fab performance and productivity comprising spares, upgrades, services, remanufactured earlier generation equipment, and factory automation software for semiconductor, display, and other products. The Display and Adjacent Markets segment offers products for manufacturing liquid crystal displays; organic light-emitting diodes; and other display technologies for TVs, monitors, laptops, personal computers, electronic tablets, smart phones, and other consumer-oriented devices, as well as equipment for flexible substrates. The company serves manufacturers of semiconductor wafers and chips, liquid crystal and organic light-emitting diode displays, and other electronic devices. It operates in the United States, China, Korea, Taiwan, Japan, Southeast Asia, and Europe. Applied Materials, Inc. was founded in 1967 and is headquartered in Santa Clara, California. As always, use protective stops and trade with caution. Good luck to all!
NASDAQ:AMATLong
by InsiderFinancial
VANGUARD Index Can Explode By 2020We can see the reverse head&shoulders formation started in January of 2018 has been now completed the first shoulder and head. Right now, we are in the beginning phase of second shoulder formation. Most probably by January 2020, reverse head&shoulders formation will be completed and the value will test 162 which is the resistance of uptrend started in 2018. Also it will be the new ATH and than we can see some correction to 154 support line (which is ATH for now). RSI is also approving the upmove of the Vanguard Index value.
AMEX:VTILong
by Emrut
AMD MO-MO: GO SPEED RACER GO!AMD: a Momentum stock with decent fundamentals. Forward-looking PE is still ~35 but that never stopped the FAANGS from reaching stupid valuations. Chip stocks took it on the chin this week after Broadcomm tanked the sector on sentiment selling. IMO the street will quickly forget about it and buy Mo-Mo. FOMC dot-plot and Powell speech will set tone for the summer. I expect a terrific equity rally through July> August to new ATHs in September. Just guessin.' Been collecting this issue on covered writes below $30. Buy down to $28, where it should enjoy a firm bounce off the TL. Trade at your own risk, GLTA!
NASDAQ:AMDLong
by DaddySawbucks
XAUUSD Potential BREAKOUT!My Idea On XAUUSD . XAUUSD possible breakout. If Price fail to close BELOW 1300.00 it will likely to go higher. Wait for pullback before ENTRY. Take-profit on nearest resistant. This is just my opinion on XAUUSD . Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results.Trading foreign exchange carries a high level of risk. All predictions are strictly speculative and for educational purposes only therefore Use effective risk management. However trading is complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. Trade At Your Own Risk. Note:This Is Not A Trade-Call Happy Trading Pals.
FX:XAUUSDLong
by Muizzudin
Another Drop Coming...and then to the Moon!The bullish reaction to the big drop 2 days ago started off great, but then really disappointed as the rally fizzled out really quickly. The volumes are dropping and have been riding near the bottom of the "uptrend" channel for most of the day. Based on my wave counts and the current Elliott Triangle Wave, it seems that we are due to retest the bulls at the 6000 level again before the end of today. The uptrend line converges with the major support at the 6000 level and I think this time will provide the final bounce to get through the top of the larger downtrend channel around 6300 that we've been stuck in for a few weeks now. But if we get close to 6000 or below, that would be a major BUY opportunity. In general, there are a lot of bullish signs longterm, including confirming support levels, but in the shorterm, I am calling one more drop to confirm 6000 as support...and then to the moon. *Not advice...lol...why do people even type that. Do people really get sued for following advice from some TA hacker on TV?
BITFINEX:BTCUSDLong
by bluemt95
4
$NEO #NEOUSD - Do you believe in the end of the heavy downtrend?Hello Lads and Ladies, Today we are looking into NEOUSD. Many people were discussing and looking into NEO the last month. As well, they were questioning what is happening with it and where it is heading to. So as we see todays' chart. NEOUSD is located around $53. Since the January 15th NEOUSD has been in a constant downtrend, as we see in the chart highlighted in yellow and red colours. The red line indicates a very strong resistance because it has been confirmed (touched) multiple times but not crossed even once. Symmetrically below this line there have formed multiple "support lines" between which the chart has been moving. The yellow filled arcs are indicating the possible price range in an approximate 2 month timeframe. After each timeframe it has been reduced by one support line. As we are clearly coming to an end of the downtrend, we can even see that the chart has no interest in testing the possible price range (yellow filled arc). Anyhow, there has been forming an uptrend channel within the downtrend period, which is indicated with purple colours. In case of an, in my opinion, very likely uptrend breakout NEOUSD will locate itself in the indicated uptrend channel. Here, it would have major support and resistance lines at which it would have bigger movements. Therefore, it is also very important to keep in mind that NEOUSD has very strong support lines at $30, $50, $80, $100. Ending the downtrend and pushing upto $80 has, based on the indicators, a 70% chance. Following the downtrend towards $30 and having a major bounce from there has a 30% chance. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Cheers, Tomas
BITFINEX:NEOUSD
by KongTrading
OMG another leg up sooner than laterOmiseGo is soft touching an ascending trend line, is in the pitchfork mid area, the only thing it needs is to cross above EMAs 10-26-55 and close the candle above them in the daily Chart. It's growth has been a sustainable one so I don't see other reason than a bitcoin price action reason not to have a healthy growth in the short-mid term for OMG. Modest Target should be the average line of the pitchfork in the mid run, that's over 300k sats. It also needs a lot of more volume and buying pressure to sustain the uptrend, but this is not outta ordinary situation in the actual market panorama. Can it go lower? yes, everything can turned out different in the next 12 hrs, at 6hrs chart it has support by Ichimoku cloud so the odds it can bounce from that point are good.
by G0ldenross