Hi there, Looking at 1H can expect BAL to go downwards to 25 area structure (618 FIB from the last high) which can be a support for a further move upwards to 30. Good luck Tony
Hi traders, As all crypto going downwards with BTC dragging the market down and I expect BTC to go down to 40K level, IOTA can be also pulling back to 0,80 USDT area before exiting the triangle formation on weekly time frame, where long-term target is hovering around ~4,00 USDT. Before we hit that figure, profits can be taken partially at 2.00 USDT, 2,70 USDT....
Hi traders, XAU has been in bullish triangle set up with the long-term target 2460-2470. At the moment the price has hit the upper triangle band where it can be rejected to go down 5%. Put SL above this week high.
Hi traders, Sharing a quick idea for a short. SHIB has left yellow ascending expanding wedge and will complete the figure with the fall to wedge base around 4800 area. Good luck. Tony
Hi there, I have entered this trade at 5000 area targeting 5500 initially, apparently we might go higher with 6000 (resistance down trend line) and 6300 in our sight (618 fib). 4H MACD and RSI showing we have left oversold area which is giving a momentum. Put SL, cut your losses right away. Good luck. Tony
Hi, here's an instant idea for LP SHIB entry. Channel being tested is a good LP entry.
Here's another point of view on current Tesla price dynamics from EW theory perspective. With a 1-2-3-4-5 move completed at $450 level, the price has proceeded with ABC correction and now it is in C wave with a target around $385 where a bottom line of a symmetric triangle is.
Hi Traders, seeing this possible development to 5900-6000 area as we broke the downward trend resistance line. Expect a breakaway from a triangle, put SL lower then the last low (see red). Good luck.
Hi traders, want to share my view on DXY where it's seen building up a bear wedge hitting the lower band right now which can be a support for a next upward move to 94,8 area. I expect it to fall from that area to a upper band of a downwards channel (blue). This adds up a short-term bearish sentiment for oil and gold. Pls comment and like, let's discuss this one....
Hi traders, I am seeing SHIB might go upwards to 618 fib level (from ATH) which is 7800-8000 price area. We're moving in a range now so 7800-8000 rejection might be a next short opportunity. Good trades! Put SLs. TONY UPDATED CHART:
Hi traders, seeing SHIB bouncing from .618 FIB (from ATH) down, it's possible that eventually it will see 6000 area. First target for short is around 6700-6800 area where the bounce is expected.
Dears, INTC has hit an bounced off 61,8% Fib level, leaving RSI oversold area now targeting previous highs. Are you also bullish on INTC?
Some thoughts on further SPCE price dynamics within 1-2 next weeks. SPCE will continue the upward movement till 60$ with a futher possible retracement to build up a C&H pattern with a next target around 68$. Closer to earnings we might see a price reversal or a breakout to new highs.
Shorting GE until GAP closing near price 8.14 and opening longs from that area with a long term target around $18 per share.
This is a long setup for Sberbank which has dropped to 206RUB per share level after dividend date. It's uncertain how soon the gap will be closed, but with the price breaking an ascending triangle, volumes decreasing on the pattern formation and RSI being in oversold area, we can open a long position from current levels. TP1 is around 215-216, TP2 is around...
Here we see a good divergence between DXY hour TF chart and RSI. DXY will complete the cup pattern targeting 94 level.
Hi, As Nokia has got an extra tailwind now winning a NASA contract for setting up a lunar 4G networks, we might see Nokia targeting a $5.00 per share level again this year. Now the price has broken out from a symmetrical triangle (red and pale solid lines) targeting a major resistance level at $4.50 per share. As an alternative view, the price has been forming...
DXY has been forming a symmetrical triangle, hence we might see DXY dropping down to 92.500 level. What are your thoughts on this chart? Please share in comments.