Hi All, TESLA is possibly forming a bull flag or in the process of forming an inverse H&S pattern on H4. If it is the bull flag pattern, would expect a move to orange target line (around $214) after the break out. If it is inverse H&S pattern, would expect a move to target 2 (about $240) which coincides with 0.5 FIB level if this setup plays out. Would wait...
Tesla might be ready for a short term reversal as there seems to be a possible Bullish RSI Divergence. Thank you for reviewing and your time. * Not a financial advice. Please do your own DD.
We have published this idea back in early March. BTCUSDT bearish flag is possibly breaking down and playing out as expected. Would expect a retrace to ~$38K before it continues its downward movement. Major support around $30K. FED move to reduce balance sheet (QT - taking liquidity out of the market) will keep pressure on the risk assets. Cryptos are moving in...
LUNAUSDT tried to break and stay above previous ATH twice but failed. So it might possibly form a double top (M) pattern. On our previous post, we noted that there was a bearish RSI divergence. LUNA already started its downtrend and broke below the first support level. Next support level(s) are noted on the chart. * Not financial advice. Please do your own...
LUNA had a great run within the last 24 hours. However, there is a bearish divergence on the daily time frame. Expect some pull back. Support levels are as shown on the chart. Thank you for your time and support.
#BTCUSDT is forming a massive Bearish Flag on multiple time frames. Not expecting this to play out in short term but is possible midterm play unless FED moves aggressively with the rate hike(s). It is a possibility with economic indicators such as employment numbers coming in good. We should also note that FED chair Powell had spoke highly of P. Volcker in his...
BTC-USDT couldn't hold above the mini-trend line and was rejected from the resistance line at $45800. The accelerated sell of was tied to the FED chair Jerome Powell striking a more hawkish tone today vs. yesterday (where he sounded more dovish). BTC has been trading in a range between 35K-45K and we do not expect it to breach these levels until after the FED...
BTCUSDT seems to be trading in a range and trying to find direction. Support and resistance levels are marked on the chart. Upcoming FED meeting will be the key in identifying the direction of movement. Everyone seems to focus on the interest rate hike (25 or 50 points) and it is most likely priced in by now. Therefore, the amount of increase might not have much...
Hi All, As we have discussed in our previous analysis (see the link below), BTCUSDT broke below the mini-bull uptrend line from January and bounced off the 1st support level at 38K. Now, if BTC can break above the local downtrend line, would expect a move up possibly to 41,800 resistance line. Otherwise, it would break the 38K support line and sell to the 2nd...
Gold is forming a large cup and handle pattern and seems to be almost ready to break above the handle to have a major move up after consolidating for the last year and a half. Rising inflation and the conflict between Ukraine-Russia increases the likelihood of an uptrend. FED meeting in March will be a key event for the overall markets. A greater than expected...
BTC broke below the uptrend line it had started back in January. Expecting downtrend continuation due to Ukraine-Russia conflict in the broad market and pending FED decision. Downtrend would accelerate if the conflict turns into invasion. Expected targets on the short term are marked on the chart. Please show your support by clicking the like button and thank...
BTCUSDT is possibly forming a double top (M) pattern on the monthly chart. If it completes, expect more downside movement. Not a financial advice. Please do your own DD.
It seems like TQQQ is forming a bearish flag pattern and can expect a downtrend if completes. Market is already fragile and may have accelerated sell off with aggressive FED move to curb inflation and/or Ukraine-Russia border crisis turning into an invasion. Not a financial advice. Please do your own DD.
Might possibly have a bounce to fill the gap. __________________________________________ 2U, Inc. engages in the provision of education technology for nonprofit colleges and universities. It operates through the following segments: Degree Program and Alternative Credential. The Degree Program segment provides technology and services to nonprofit colleges and...
It seems like SLPUSDT had a false breakout and the resistance line is still intact. It is probably in a correction phase after a great run up. There is a battle going on in the circled area. A bearish engulfing pattern is present on the daily so can expect more downside action possibly to the 50DMA unless trendline is successfully broken with the retest of the...