Shooting star or big doji its bearish pattern on daily candles - Bearish signal can be triggered below 720 - Overbought indicators - Expected Split at 20 Jul so its risky trade to short prior to the split process but technically its overbought and can be corrected to the level of previous major breakout levels. cancel short idea above ATH Only!
Technically its better than other competitors $NIO $XPEV but RSI and MFI indicators are overbought - perhaps slow down then move up targeting 36 then 41 . Stoploss for bulls is little far away above 21 . Normally similar patterns takes weeks to arrive destinations. if broad markets pulled back then it will be nice entry above 21 There are 2 scenarios : ...
Positive divergence with all indicators showing that bearish trend is about to be ended and possibility of accumulations levels between 210-180 . Still its showing negativity for now and best case scenario for this idea is to drop below 195 to 180 for good entry for long positions targeting 247-274-300 by 2nd half of the year.
38 is previous top if it can close above it then possible targeting cloud roof at 44 - 43.8 then could target 50% fib near 50 . Stops for bulls below 32 . Note: closing above 38 only can make it bullish
The condition : Above 2.05 Current 1.88 Targets 2.5 then 4.3 Stops below 1.25
Overbought MFI but RSI still good. Friday closing was extremely bullish - Possible to consolidate between 39 and 44 before continue moving towards targeting 53 and 69 - main resistance at 48 stoploss below 39
Its new chart and needs time to consolidate but the green candle with good volume are good signs needs to claim fibo resistances stops at 24
Technically showing more bearish signals than other price bullish indicators . its not like the previous top, this time the volume entered during the ride up so this is possibility to continue up trend targeting 44.8 then back to 20s but from other side, RSI AND MFI Indicators are overbought and with spike in volume suggests target reached for some bulls and time...
Overbought with bearish daily candle.
If breakdown and closed below 124 then clear bearish signal targeting 120.6 then to be updated!
Mixed signals . Indicators showing bullish signals but chart pattern looks bearish . Monday will explain which way to go based on Ichimoku cloud, still didn't close below it!! Could consolidate between 10.5 and 12.75 for some time but bullish targets remain near by 15 . from other side, strong supports at 9.5 and 8.5 last one 7.5
Generally bullish and started to weakening - Possible we can see breakout above 165 and that will lead to 180-190-218 levels and from others ide possible to form top on Monday or Tuesday forming double tops bearish pattern targeting levels below 80 to 65 . Its almost doubled into last 7 sessions from 80 to 153 . Historically its like to correct 50% after bulls run.
Details on The Chart. After breakout falling wedge pattern, its consolidated for 4 days between 27 and 30 . It could take other couple of days before this tight consolidation is broken then more likely bullish wave targeting 33-42-52-64 . main resistance is 33 and 36.6 then it should be easy :) but if it goes down below 27 then possible to visit 20.6 or even...
Wide range will be nice for swing trades with more volatility - below 20 more likely to check 18 if broken then 14 - Above 23.5 will be resisted by 25.25 then if it can hold, then possible to visit 30.30 on coming weeks!
MFI bottomed so its signals for bullish run for some days and RSI made double bottoms pattern if its broken then possible to fall quickly to 7.5 then 6 (previous gaps) which is around 30% move down from 9. candlesticks pattern likely bullish for short-term bounce to 12 then 13.8-16.6 and finally 18.2 But earning is next week too - move scale 4-5 weeks