Intel Corporation ( NASDAQ:INTC ) is setting up for an exciting squeeze potential following an anticipated rate cut. Here's why the technical landscape could be shaping up for a big move: Fibonacci Support Holding Strong The stock is currently holding well above the 0.786 Fibonacci retracement level, which is a critical area of support. Historically, holding this...
Please refer back to my first #ANKR setup post to understand this chart better. After a break out and almost touching the (purple trend line) It has met some resistance along the way which is completely normal. I do like that it is trying to hold support right on top of $0.04855 yellow resistance line. If it pulls back here are some areas I will be watching for.
If it can continue to hold the 100sma and make higher lows, a jump to $144-150 @ the 1.618 would be the next move.
Anker has been on a falling wedge putting in three higher lows in the W chart, and it is testing the top of the wedge once again. The important thing to watch here is the purple trend line, and purple circles. Strangely both lows of 2021 and 2022 fell on a Monday 21st just a month apart. After the purple trend line is lost, it has been on a mission to recover it....
SEI broke out to 1$ and got a pull back as expected on previous post. Because of an overall bullish market, I see it finding some support here already and bouncing back up to test those highs again. If it fails to do so, expect it to lay on the 100sma $0.59 (yellow line) for support.
Here is a huge bull flag breaking out as I write this on the 4hr chart. This can easily be a fake out but with the strength that BTC has shown, I can't underestimate it. Still with halving right around the corner, and BTC already being in extreme overbought zones, a -30% pull back can happen at any moment. 👍
BTC is showing strength here by putting in higher lows, holding the 100sma and recovering the white trend line. Regardless I still think BTC eventually needs to retest the 30k levels before it does anything extraordinary.
SEI on a W pattern/5 wave move, broke out of recent resistance and it's on the way to the 1.618/1$. I expect a pull back to the break out level after the 1.00 is reached for some support before the next move. Here are the next two targets I'm watching. 1618 @1.06 & 2.618 @1.37
Llink has hit the first target perfectly. (Check out first post) I was expecting a larger pull back but all good 👍 Next 🎯 is the 1.618 @ 21.5 Congratulations to everyone that took this trade so far 🚀💲
Perfect breakout towards the 0.618 🚀 I expect it to hit the 0.58 levels and possibly have a immediate correction.
Cardano finally broke out of a long descending wedge it was in since the last high (0.67) in December. I like the fact that it held the 100sma (yellow line) twice on the daily, making a double bottom on the process. It has some resistance at the 0.382 fib, so I wouldn't be surprised if it retraced back to the top of the white trend line for a test/support. If...
ADA held the 100sma 🟡 on the daily chart and came up to the top of the pattern for a test of the highs. I think a slight retest of the 100sma for extra support and continuation of higher lows would be great for a next move. Unfortunately If it fails to hold these levels, the next stop is the 1.618 at 0.38-0.39 which happens to fall on top of the 200 and 233sma A...
ADA is looking healthy and seems to be gearing up for a possible big move.
LINK hit the targets and now it's looking for a healthy pull back to the break out levels. (Yellow line 1.618 fib)
Solana is about to hit the first targets, I expect a slight pull back to the "scene of the crime" (yellow line) or lower to find some support/liquidity for the next move.
Simple double bottom W pattern retesting the highs @ 1.618 and 1.786 fibs.