AN UPDATE TO MY PREVIOUS XRP CHART...I STILL THINK $0.43 IS THE SWEET SPOT. I WILL LONG THERE IF WE MAKE IT THERE. GOOD LUCK.
Based on the fact that #XLM blew through resistance, is still pushing above 14 cents and X I believe $XLM headed to $0.22 then possibly $0.26 soon...if it clears $0.26 with volume then we are going to test ATH or establish a new one. XRP SEC court case is a blessing for XLM. This could really take off!
CitiGroup Bear Flagging hard. Very high volume selling. I think there's more to this story than the public knows yet. All banks having a terrible day despite beating earnings expectations. I just don't trust the CLO exposure that these banks have. Citigroup may be in for a world of hurt soon if they overleveraged themselves. If Citi goes under we could see...
S and P future looking overbought and demonstrating notable RSI to price action bearish divergence on the Daily Chart. Looks like a great short opportunity here. Refer to the chart for Point of control and other support resistance areas. I rely on volume profile clusters to establish supports and resistances in my charting style. Good luck!
Please feel free to leave your comments below.. I would love to get your feedback and input
Bearish hidden divergence evident here. The bulls will have to contend with a lot of selling pressure all the way up to the election and perhaps into the new year. The Republicans don't want to pass the stimulus bill. They only want to be able to shift all blame on the democrats for the crash that they are orchestrating between now and when Biden assumes the...
THIS LOOKS LIKE A NICE RISK OFF PLAY TO ME. THERE IS A GAP TO FILL AT $22. COUPLE THIS WITH IMPLIED VOLATILITY FROM THE VIX INDEX AND THIS BET WILL GIVE HANDSOME RETURNS.
VOLATILITY INDEXES ABOUT TO START MAKING HEADLINES SOON. PREPARE FOR TURBULENCE IN MARKETS THIS WEEK.
This chart screams short. Look for trendlines, bearish rsi divergence, support and resistance, Triangle pattern, seller exhaustion and distribution evidence all within this one multiyear chart.
See chart.
The weekly USOIL chart highlighting the $43 area as the next resistance in the oil V-Shaped recovery.
Just my take....still nothing but another lower high.
USOIL has been on a year recently. If this resistance zone at $32 can be broken with volume there is no resistance until $43.
Bitcoin is about to make a lot of bulls deluded by optimism very upset. Supports highlighted.
Technical: USD/MXN broke out of a massive symmetrical triangle today and is retesting the top for confirmation....The Ichi cloud is providing support (not shown here in order to not make the chart too busy....run it yourself and see). Fundamental: With the debacle in oil prices today (WTI may futures contracts traded for negative $37, yes, negative, adn June...
With oil breaching critical historical support levels and the OPEC/Russia deal only cutting back supply by roughly 10 million barrels per day, the price of oil is now set for free fall in the next few weeks. From a technical perspective a retest of the $14 price and the $10 price range is getting more probable every day. For long term investors this is an...