Short squeeze a definite possibility here. Fed in charge at 2pm. Falling wedge on weekly. Government loan in the works along with hydrogen becoming more talked about.
Will nvidia break this price cap? We’re at major TL and .618 retracement. Leave your comments below
Prime time buy area for alphabet. Came back to test previous 2022 high. Came back to .618 fib level (premium buy area) 200 DMA at 159. Looks safe for a swing trade 149$ stop loss A push above 200dma and close could mean a real reversal for Google.
We can all come up with a map and idea about where price can go to. As a day trader, for me, it’s more important to know the levels of resistance and support and use them for your trades. This is on a weekly chart. Lower time frames look bullish but when you zoom out you may be able to see the whole picture. Nvidia resistance 112-114 area. Support 101. Remember...
Looking at the other side of the coin here. Yes fed is about to slowly drop rates. But where is the economy actually at. I see this as of now as an abc correction. Housing is more expensive than ever before. Personal debt and national debt has increased dramatically. Seems as though everyone is expecting this big bull run. I see Tesla struggling to get above...
Bouncing off a crucial area was a given but this should be enough of that. A run up to the .5 fib resistance and completing a flag pattern to continue down. A break above obviously invalidates this idea.
Taking a look at BTC and ETH, crypto looks ready for a major run. Aero has fallen back to its demand zone at the .618 Fibonacci level, broken its downtrend trend line, is currently retesting and looking for a break out. (Run on sentences don’t matter here;) ) On the news front, fed still on track to lower rates which is bullish. Geopolitical tensions have eased...
Breaking the 90 cent area could even put 30 cents back in play. These fear areas are where you are suppose to be buying though. Try to average your cost if you can.
Will follow crypto market. As long as there is no Btc crash, aero around 90 cents has been the buy target. It has retraced to its .618 Fibonacci level and overextended into oversold territory on rsi and pulled further away from its moving averages. IMO a nice bounce is expected in this area
In my opinion, taking a look at all markets as a whole, bulls are looking like they’re about to take a break. A correction looks imminent. I know, I know, Btc halving coming soon. With the common opinion so bullish on halving coming soon we may get a buy the rumor sell the fact. Since the first wave up from last years lows did not retrace much, one can assume...
Will Ethereum classic color inside the lines? Isn’t really much more to this post than pointing out the long term pattern.
Aero holds bullish as it consolidates into a bullish flag. A break of 2$ should bring a quick move to the top of the channel.
After a 40% move up today, aero is hitting its weekly resistance around the 2$ mark. Ethereum is near its important 3445 level and BTC is struggling to break higher.
A break past 1.43$ signals bearish. Target to buy back in near 1$
Ethereum now in a bearish structure. A failed break of the 3700 area. A push below 3440 and we can start targeting the fib levels going down for easier trading.
Depending on crypto market bull cycle continuing, aero could break out above structure. Buy at .80 stop loss .74