MoneyChartz

MoneyChartz Updated 

Trying a long trade here with BTC. I think it is forming a base here based on previous high, and might bounce from here. This is a risky trade which is why Stop-Loss is very tight and aiming for a Risk-Reward of at least 1:3 Entry Price: 63814.4 SL: 63663 TP1: 63997.40 TP2: 64219.11 TP3: 64662.34 Will be trailing my SL according to the price movement. I...

MoneyChartz Updated 

Below is the short Scalp Trade for SOL. Looks like it is rejecting the 1 Hour Key Level and also the 15 minute Key Level. Entry: 144.41 Target: Moving Target (143.89, 142.86. 141.74, 139.81) SL: 145.65 (Above 1HR Key Level) Happy Trading!

MoneyChartz

Risking the winning from the last trade again for a Short: Entry: 145.24 SL: 146 (Tight... Very tight) Target Prices same as last time: Target: Moving Target (143.89, 142.86. 141.74, 139.81) This one is a comparatively risky trade, so not expecting much from this, but just taking the risk with profit money since this is a strong key level for both 1Hour and...

MoneyChartz

Hello Traders, Let's get straight to the point. Based on the weekly time frame, BTC looks like a bullish setup. As we can see from the chart, we had a falling wedge breakout on the weekly setup, then we retested the support trendline of the wedge, and then bounce from there. Currently BTC is at a pretty strong resistance as we can see from the chart and the...

MoneyChartz Updated 

Looking at this 4HR chart, we can clearly see an Inverse Head and Shoulder pattern forming. It is currently at the neckline right at around $198. Interestingly, we see a Bearish divergence right near the neckline (as marked) where price action is going up, but the RSI is going down. This gives us a small bearish signal. So unless this gets invalidated by a...

MoneyChartz Updated 

Hello everyone, FRGT has been setting up quite nicely since a long time. Looking at the chart on 4HR timeframe, it has setup a Cup & Handle pattern. It even broke the cup resistance line at 0.5292 and closed the price above on the daily at 0.5599. This is a bullish indicator. Entries can be made based on how the next candle runs. If you'd like to enter now,...

MoneyChartz Updated 

SBUX seems to be showing a bearish divergence with the price action and RSI. If you can look at the chart, see how the Price action is creating Higher Highs, and RSI indicator is creating Lower Highs. That is a bearish indicator. Obviously, we do not want to make our decision just by using one indicator. We also see a rising wedge (in yellow) which we can...

MoneyChartz Updated 

Straight to the point, looks like FSLR is forming a Bearish RSI divergence (where price is making higher highs, and RSI indicator is making lower highs). Additionally, RSI is also at 71.45 which is somewhat high (overbought). Unless we break the marked white support trend line on the chart, the price should start making a downward movement to the support areas...

MoneyChartz

Based on my strategy, there seems to be a Bearish Divergence on GIS. Meaning that the price action is making higher highs, but the RSI is making lower highs. This could be a good time to buy PUTS on GIS with a very tight stop loss. The idea will be invalidated if the RSI creeps about the dotted line on the chart. I have marked the support levels on the chart...

MoneyChartz

Looks like BTC is on its way down to the key support levels. Please refer to the chart for the support levels that BTC price might descend to. The key areas are: 1. 14095 2. 12288 3. 10180 (I'm expecting a bounce from this level.) 4. 6825 Another thing to note is that the weekly RSI is already pretty low (30.61) so might see a bounce at around the current...

MoneyChartz Updated 

Hello guys, Its been a long time, but I'm here to share a possible PUT (Short) idea for BA. I'm looking at the 4HR time frame for this. Looks like this is in the oversold territory. (RSI: 74). Looking at the chart, the next support seems to be the long term gap fill which is at around $161. * Price Target : $161 * Stop Loss : Break > $172.27 If you're...

MoneyChartz Updated 

Follow the chart for critical levels on DOGECOIN. 0.16 is the current support as you can see it on the chart. If we break below, it will most likely drop to the next support. As of now, it seems to be bouncing from this level and RSI is also oversold. Trade smartly.

MoneyChartz Updated 

No need to explain the chart. This weekly chart is looking great. We need the price to break the trend line and close above it. Once that happens, we're hitting each and every target on the chart. Will keep updating the post depending on how the price moves. For your safety, if you do enter here, have a stop loss at the support marked. Happy...

MoneyChartz

Hello Crypto fam, Note: This is not a trading advice, but just my interpretation from the chart. Let's discuss some levels here. As you can see the rising wedge, currently LTC is trying to break that upwards. We all know that rising wedges are bearish, but this is Crypto and all this is pretty much baseless as we all know :P Jokes aside, for a healthy move...

MoneyChartz

I'll be very short on my opinion here: AAPL looks really good here. By looking at the MACD and RSI, looks like we're on our way to hit the first resistance of $125. Once we break that, it is more likely to go towards the second resistance of $137. Keep in mind, if it struggles to break the $125 resistance, we might go down for a small correction. Less...

MoneyChartz Updated 

Hey friends, BTC in a symmetrical triangle on a daily chart as you can see above. If we break out to the downwards, it won't be good for BTC. I believe it is likely to break that, but again it's BTC and it likes to do its weird thing. I've marked a few support levels to keep an eye on if BTC dips. Will keep updating. Do share your thoughts on what you think...

MoneyChartz Updated 

Hello Traders, BTC has been going sideways for a few hours now so it seems like its about to make some unexpected move here. I do see an ascending triangle on a 4H chart, which is usually bullish if it breaks out to the top. A few hours ago, it did try to break out, but failed. Lets see now whether it can make it. Short trades can be placed if a candle closes...

MoneyChartz

Hey Crypto fam, I was just trying to look at XRPUSD on a 1HR chart, and came across an interesting possible inverse cup and handle that maybe forming. First, I was like nah its not possible, but then I was like why not just put it out and get some thoughts on it from people who are looking at XRP. With BTC looking a little bearish currently, I feel there is a...