dailytaguy

dailytaguy

XAU/USD Daily cautiously bearish. Cup and Handle formation has been invalidated/Double Top formation from August 2020 + March 2022 in play . Recommended ratio: 25% Gold, 75% cash. Price is currently losing support at the 200 MA ($1837) as it continues to trend down and out of the major uptrend line from August 2018. Volume remains high and has favored sellers for...

dailytaguy

ETH/USD Daily neutral with a bearish bias. Bounce Watch . Recommended ratio: 40% ETH, 60% cash. Price is currently testing $1941 support after briefly touching $1700 and is still technically testing the 50/50 uptrend line from February 2017 (~$2100) as support (but is on the verge of losing it). Volume dropped by almost half and is now moderate and on track to...

dailytaguy

PLTR/USD Daily neutral with a bearish bias. Recommended ratio: 45% PLTR, 55% cash. Price established a new ATL at $6.48 and is technically still testing the lower trendline of the descending channel from November 2020 ($7.88) as support. Volume remains high and favored buyers in today's session, ending a five day streak of seller dominance. Parabolic SAR flips...

dailytaguy

LUNA/USD Daily cautiously bearish. * WARNING: If LFG is unable to reestablish the LUNA:UST peg, they may be forced to close down operations -- this would lead to an inevitable delisting of LUNA on all exchanges. * *LUNA is quickly making its way to as close to 0 as possible as it continues to be minted in attempt to salvage the UST peg*. Due to LUNA having...

dailytaguy

BTC/USD Daily neutral with a bearish bias. Recommended ratio: 40% BTC, 60% cash. Price is currently testing the uptrend line from March 2017 as support at $28.5k (doji candle) and is still technically testing $30k support. Volume remains very high and is on track to favor sellers for a second consecutive session. Parabolic SAR flips bullish at $33.6k. RSI remains...

dailytaguy

LUNA/USD Daily cautiously bearish. The entire Terra ecosystem is suffering as LUNA is being minted and UST burnt at a faster rate to reestablish peg -- the timing of this is to be determined. Due to the risk of LUNA potentially falling to its ATL of $0.10, today's recommended ratio is: 5% LUNA, 95% cash. **However, because Price has fallen 99% without break in...

dailytaguy

LUNA/USD Weekly cautiously bearish. Anchor liquidation event spurs UST peg disruption while recessionary fears hit all risk-on markets -- due to the sheer voracity of the downturn LUNA is now on Bottom Watch. Recommended ratio: 30% LUNA, 70% cash. Price is currently testing the uptrend line from May 2021 at $15.92 support for the first time since July 2021. Volume...

dailytaguy

XAU/USD Daily neutral with a bearish bias. *Cup and Handle formation from August 2011 still valid + recent downturn can be attributed to a strong dollar (move to treasuries) but overarching theme of geopolitical uncertainty and inflation still control the narrative thus far*. Recommended ratio 40% gold, 60% cash. Price is currently testing the 200 MA at $1838 as...

dailytaguy

LUNA/USD Daily cautiously bearish. BTC is currently testing the uptrend line from April 2017 (and from March 2020 on the weekly) at $30k major support, if it can establish support here it would be net bullish for the rest of crypto. Recommended ratio: 15% LUNA, 85% cash. Price broke down below $34.86 support and is currently testing $23.59 support, which coincides...

dailytaguy

LUNA/USD Daily cautiously bearish. *BTC is currently on the verge of testing the uptrend line from April 2017 on the daily (and from March 2020 on the weekly) at $30k major support*. Recommended ratio: 25% LUNA, 75% cash. Price is currently testing $34.86 support after dropping through 4 different support levels, this violent of a drawdown usually is followed by a...

dailytaguy

LUNA/USD Daily cautiously bearish. Recommended ratio: 20% LUNA, 80% cash. Price is currently testing the uptrend line from July 2021 as support at $65 after briefly touching the uptrend line from January 2021 at $60. Volume is moderate for the first time since December 2021 as recessionary fears are putting selling pressure on almost all assets and equities....

dailytaguy

LUNA/USD Daily cautiously bearish. Double Bottom invalidated, retest of 200 MA + uptrend line from July 2021 currently underway. Recommended ratio: 20% LUNA, 80% cash. Price is currently testing the 200 MA + $70.16 support + the uptrend line from July 2021 ($67) as support as the crypto market as a whole is seeing a weekend sell off. Volume remains very low and is...

dailytaguy

ETH/USD Daily TA neutral with a bearish bias. Recommended ratio: 35% ETH, 65% cash. Price is currently retesting $2684 minor support after being rejected by the uptrend line from 01/22/22 at ~$2900 as resistance. Volume remains moderately low and has favored sellers in two consecutive sessions, if bulls can't defend this minor support then three consecutive seller...

dailytaguy

SPX/USD Daily cautiously bearish. FOMC rally has likely concluded, the Fed did what Mr. Market expected it to but at the end of the day the inflation scenario (exacerbated by Russia/Ukraine, US worker shortage and lockdowns in China) is getting worse every day. Recommended ratio: 20% SPX, 80% cash. Price broke back down below $4175 support in yesterday's session...

dailytaguy

LUNA/USD Daily cautiously bearish. Double Bottom on the verge of invalidation. Recommended ratio: 30% LUNA, 70% cash. Price is currently retesting $78.04 minor support as it fast approaches an invalidation of a potential Double Bottom formation. Volume remains very low and is on track to favor sellers for a second consecutive session if it is able to close today...

dailytaguy

LUNA/USD Daily neutral with a bearish bias. Double Bottom watch. Recommended ratio: 40% LUNA, 60% cash. Price is currently trending down at $81.25 and still testing $84.05 resistance as support after closing above it in yesterday's session; if it can close above $84.05 in today's session it would become support and if it closes below it would stay resistance....

dailytaguy

LUNA/USD Daily neutral with a bearish bias. Equity and crypto markets rallying on FOMC announcement of 50 bps funds rate hike and June 1st start of balance sheet reduction. Double Bottom watch. Recommended ratio: 45% LUNA, 55% cash. Price is currently breaking out above $84.05 resistance at $87 and will look to close above it in today and tomorrow's session to...

dailytaguy

LUNA/USD Weekly neutral with a bearish bias. Recommended ratio: 40% LUNA, 60% cash. Price is currently testing the uptrend line from August 2021 (this time at $82.50) for the fourth consecutive week. Volume remains very low and is fairly balanced between buyers and sellers, indicating that this is a consolidation before a pending breakout or breakdown. Parabolic...