NIO seems to be forming an head and shoulders pattern that can mean a trend reversal and consequent price adjustment. The right shoulder is yet not quite formed but it seems to be heading that way. Should this be confirmed we can see us testing support at $12 or even $11
The recent NIO rally came to an halt and is now correcting. I think we can expect the price to drop to around $13.70 which a support level. Should we go much lower than that price point and we might see a trend reversal to the downside. Next support should be around $13.15. If price holds above $13.70 this pattern is confirmed and we should be a new try at...
We might be preparing the upside with a bull flag formation but piercing through the $7.90 support might mean some downside. If we hold, we can expect to get to the $9.20 resistance level and I'm confident we could see some further bullish action when we pierce through that resistance.
A curious graph shows us that CHPT, BLNK and EVGO. The three stocks move at roughly the same pace and the three represent a good LONG opportunity right now.
Looking at the long falling wedge pattern, CHPT is about to breakout and we could be at the perfect position for a long opportunity. Surpassing the $10 level could mean a trend reversal and further move to the upside. This stock is currently oversold, there will be some buying pressure pushing it up in the coming weeks. Enter now with stop loss at $8.
NIO is on a decent run and will now face some resistance around $14. Price might correct to $11.90-$12 region, in line with the trend line (dotted) I drafted, if we don't surpass the resistance level with a bull run. I'm long on NIO. Entered $7.58 and $9.08.
Can you see the pattern? Are we about to form a double bottom yet again? (W) Will the price make a small run afterwards?
The 1h chart for TSLA indicates a major decending triangle formation (in blue) and an ascending tringle (in orange). The ascending triangle could potentially cross the descending one today and we could see some further movement upwards. The current RSI is overbought meaning that we could see some price correction in the early hours with some selling action. (to...
There seems to be an ascending triangle formation with a resistance level around $200. Pay attention to the down trend. My stop loss is at $185. Should we break the $200 we should see an uptrend up to the next resistance level $210-$212. I'm leaving m short position when we reach $209. Happy trading!
History tells us that the muddy waters where we are trading right now have been a battle zone in the past. This is the make or break moment and the next coupld of days will decide if we keep on going up, testing that MASSIVE channel or if we go downhill snowboarding to the new bottom. (isert dramatic music) I think the market has shown several signs of a bull...
If we look at the 1D BTC/USDT graph we can identify some Fibonacci retracement levels. We can also see a major bullish trending channel that is pretty much dictating our highs and lows. I think that: BTC can drop to a value between $51k and $53K and still continue the bullish trend. This means that we would go back to the 0.5 level. A new high could be...
RACA has reached the trend line on the daily and 4h charts. After forming a head and shoulders between the 9th and 18th November (When it reached the ATH), we've been RACA following most of the market and losing over 50% of its value in the past 2 weeks. After the head and shoulders, the correction was further confirmed with a double top (4h chart) that brought...
The wedge formed on the daily and hourly chart is about to break and we will see an upward move.
SHIBA is showing us a descending triangle formation that can easily go either way. Since the market is currently on a bull run I think we will see a break from the triangle to the upside and SHIB will soon retest ATH. HOWEVER - pay attention to the $0.0000435 support level just below 0.5 Fibonacci. If price pierces through the support we will see some great move...
RACA is building volume and should reach the 0.236 level in the coming days. (+73%) With volumes increasing over the past week we can speculate that RACA will be soon listed in at least one of the major exchanges. That happening, it will surely mean a massive uptrend (beware of a potentially massive sell-out shortly after) If that happens, we should see RACA...
Atlas has retested the $0.15 support and bounced. We should see an upward move, a rip through 0.382 and we will go up to 0.236. ATH should be retested next week if not earlier. From there...ATLAS will go parabolic. Ladies and gentlemen, we will take off.
Fellow traders, Market is IMO, shifting but we still need to wait and see if it goes through some R levels. EMA indicators have finally shifted - demand is on the rise. This is an 1HR chart. Last EMA shift was @$0.93..and took us down to $0.60s. let's see if we have enough strength to reach the $0.93 level once more. We have some Resistance @0.88. If that goes...
Fellow traders, I've been trading short over the past couple of weeks and loaded guns @0.60. Have entered "early" @€0.02. Currently holding for long and trading partially short. Bears have won the battle and Bulls are now showing their heads. We can see a clear shift sign on MACD that has been holding and pushed XRP slighty up. RSI is now around 60, up from...