Market designed to make more losers than winners. That is why we have such moves. I call them SLKs - Stop-Loss Killers. When passengers kicked off from wagons, the train-driver can move higher.
Analyst stock index for June 03, 2020 In this analytical overview, we consider the situation in the stock index s&p 500 index - a popular financial contract that displays the “health” of the stock market with high accuracy. I use the data from CME. On this chart you see a black horizontal line, it marked an important level of 3,000 dollars for the contract....
Too many traders are locked in buyings around 10k. I would expect the market will want to kick out all of them by moving further down. Low volume bounce up (ND-wave) will confirm this Plan.
Is it worth investing in Cardano? The purple line shows changes in the total capitalization of the cryptocurrency industry. In other words, it is the index of the cryptocurrency market. Back in 2019. At the beginning of the year, Cardano was strong. The increase from 3 cents to 9 cents showed stronger dynamics of ADA compared to the overall market. However,...
Zrx looks very weak on this 45m chart. You see 1-2 bars with the maximum volume, I highlighted them with two arrows, they have a maximum above the level of 0.35. However, these extremely high volumes on attempts to rise can mean hidden weakness. Most likely, hidden professional selling occurred around 0.35 because at point 3 there is trading on very small...
1] Culmination of decline. "$24 is cheap price" - professionals decided to accumulate panic selling and establish longs 2] Supply has gone 3] Bullish attempt Expect recovery. The long-term target $40.
Major investors prepared for "good news" that will publish soon.
According to chart patterns, this market turned its character to bullish. I read the efforts of big interests to accumulate this stock at 5.0
Let's conduct an ongoing analysis of the demand and supply on the BTCUSD market. This market is developing in the framework of the uptrend marked with four blue lines ABCD. The current quote is at the heart of ABCD formation. This means that the number of supply and demand to a large extent compensate each other. In other words, the market is generally...
Indeed, the market shares of Aurora cannabis in recent days blew very strongly from the point of view of volatility, the ATR indicator has jumped up from zero very fast. The stock has grown in value. But to judge this chart from the point of view of the interaction dynamics of price and volume is difficult because the market is too "noisy" and specific....
The recent fast down-bars = shaking out passengers from the bullish train. Too much supply around 10k. Drivers are preparing to struggle above 10k.
Too loud signals of overbought around recent highs
We have here orange lines of the major trend-channel (orange lines). Study the cases, when USDCAD did bounce with orange lines (I used green arrows to outline reversals). Note: - Christmas Trap in 2018. Price made the fake breakout but reversed down in January/2019. - Christmas Trap in 2019. Price made the fake breakdown but reversed up in January/2020. - The...
A new channel is forming.
Extremely high volume on down bar (the last wide and red) = sign of hidden strength. We have the level of support, so -> some bounce up (likely minor) is expected.
The breakout above 64800 can easily turn into a trap for bulls.
1. It is too hard for bears to push price every next low ground. Progress is smaller and smaller. 2. This spike in volume could be a signal to start the attack of bulls
Why we have a triangle form (1) of the profile? Because of the massive wall (2) of the Buy-Limits orders below 4k level. This is why we have POC line under 4k line. The majority thinks: "OMG, this stock is going to hell! It broke down 4k, it likely to go to 3k! I should sell it!" "Thank you for cooperation! I buy it" - say professional. This is why an army...