Gold has started a Bearish Channel to correct the long term bullish trend of the Higher Lows. This is the 2nd such pattern and the previous one broke below the 1h MA200 and bottomed at -3.05%. Sell now that the price is on a Lower High and target 2700. Follow, Like, Comment below!
Ethereum is trading inside a Channel Up since September 06 and today's correction came very close to its bottom. The 4h RSI turned 23.50, extremely oversold, which is the level it hit on October 02, close to the previous bottom. Even if the price drops some more, this is still a low risk/ high return buy opportunity. Buy and target 2900 for a new Higher High on...
#Tia has been down trending for 253 days now, and has finally broke the Lower Highs showing that it's still alive. We are currently seeing that probably a consolidation phase will occur before a new rally starts and take us to 11.79$ by december which is the first resistance. We believe that Tia is gonna explode in the near future as all the altcoins. LIKE 👍,...
#FETCH.AI has been trading within an 8 weeks channel up and rebounded it's price on the 1D MA50. Moreover we can also notice that the orderblock acted also as a support and helped the price climb higher. Now we are targeting a higher high in the coming days as a confirmation to our uptrend. Extra information gives us the RSI which indicates a good buy opportunity...
Bitcoin is on a Bearish Megaphone, so far supported by the 4h MA200 and with the 4h MA50 as Resistance. The pattern is targeting straight the 59350 Support and 1d MA50. A 1d RSI again on the 30.00 oversold level would be a clear buy signal. That can even be the Right Shoulder of an underlying Inverse Head and Shoulders pattern. Buy and target the 73750...
The EURUSD pair has made a top on the 4h Channel Up and is approaching the 4h MA50. This is a very important level as when it broke during November's rise, it initiated the Channel's correction to the bottom and the 0.618 Fibonacci level. Sell if broken and target 1.0900. Follow, Like, Comment below!
WTI will complete a Death Cross pattern on the 1d time frame. This will be its second since September 02 2022. That pattern initiated a strong decline which was a bearish leg inside a Channel Down pattern. Oil is again trading inside a Channel Down since Sep 28 2023 and the Death Cross can be the sell call for the final leg to the 63.70 Support. We expect at...
Tesla is inside a Channel Up and right now is repeating the November 09 pull back. This time it has the additional support of the former Lower Highs trendline and the formation of the 4h Golden Cross. The technical upside is either the 1.786 Fibonacci extension or a +30.30% rise from the bottom, which is marginally under the 299.00 Resistance. 284.50 is the...
The EURUSD pair had been going up and down the 1w MA50 lately, being higly volatile especially after the Fed meeting last week. This can be confusing on smaller time frames like 4h or 1h (even 1d) but on the 1w the situation is pretty clear technically. The long term trend is bearish inside a Bearish Megaphone since 2017. After a Channel Up pushed the price...
We are not saying that the S&P500 won't complete this market wide desired rally in the last two weeks of the year. Even January could be bullish. But since the price is approaching the top of the 14 month Channel Up, while the 1d RSI is highly unsustainable deep into the overbought zone at 80.00, the market is most likely positioning itself for a strong technical...
Gold is simply repeating the peak pattern of every single one of the previous three top sequences since August 2020. The first dip touched the 1d MA50 and rebounded. Based on the previous ones, we may see one more dip followed by one more rebound. All patterns eventually reached the 1.382 Fibonacci level. That gives a target: 1915. Follow, Like, Comment below!
Ethereum dipped near the 1d MA50. It is on a Channel Up and if the 1d MA50 holds, the uptrend will be extended. Even if it doesn't hold, we can still see the 1d MA200 supporting or even the 0.5 Fibonacci. That is what happened on the March 10 low. Those are the two buy entries currently on this pattern. The target is the 1.382 Fibonacci extension (this is where...
It seems that relative to previous Cycles, Bitcoin is within the 0.786 - 0.5 Fibonacci range. That means that it has an upside at 52000 and downside at 33000 before the next Halving event in April. The question is will it honor that range and give one last good pull back to buy or will the fundamentals ignore the technical charts and push to test the All Time...