The trend is almost 3 weeks old now and seems to get out of steam now, i.e. there may be downward correction now.
The rate has almost reached the low of 2023. It was the low of 2015 and 2016 as well. It was violated only once in 2022 during Covid and has been touched 3 times since. I consider the level as important enough to buy some eoros now.
Finally we exceeded the 3 times tested top since Nov. 17th. I consider the corrective phase as finished. A further rise is likely now as the rising trend is still valid.
Polkadot has been rising very fast. The uptrend has been confirmed and is valid. But I expect a correction of this week's rise at least. Since yesterday buying has declined. And if at all then the time for a correction is now.
We could not built new highs but fell through the rising trend line and the rising MA. In an overbought status this may seen as sell signal.
The rise since August seems to be to steep. I expect a correction in the next few days.
At the end of the day a Hanging Man with a turning bearish ADX seems to be inviting for an imminent correction downwards.
The downward correction seems to be on the way now. The current downward cndle is engulfing the previous rising one which indicates a further drop.However the month is not completed yet and things may still change. I am going short cauciousely.
It is a kind of a star engulfed by a prevailing long day. I will read my candle bible to define what kind of a candle stick formation this really is. But at least it seems to be a reversal structure developing here.
The October has ended wit a Shooting Star and The November seems to confirm it. The daily chart shows falling highs since the second week of October. After the fulminant rise in the second half of the year a downward correction is likely.
This stock had a good opening today that may indicate a turnaround. Temporarily we had exceeded even the cloud already. SAfter an ontraday correction there may be an additional rise now.
We have reached the all-time-high again. If we cannot overcome it then a downward correction is due. This is the more that we have risen very fast since yesterday, a rise that usually takes 2-3 weeks in a "normal" market. There are reasons for this spike of course, but the rule is that there are always some swing traders on board that will take profit when the...
The last 3 days we are not getting a new low. Instead the candles are very small and remain withing the seize of the body of the last big red candle.I see this a a strog sign of a bottom.
The rapid rise has been due to the outcomeof the US elections. Now that the result is clear profittaking is possible. Some Bitcoin supporters that had missed the Trump(et) had still to buy before the rise may come to a halt.
The rapid rise has been due to the outcomeof the US elections. Now that the result is clear profittaking is possible.
Since July we are seeing an uncorrected parabolic(I would call it hyperbolic already) rise. Tiome for a correction, isn't it?
... tomorrow it's Friday. Whatever the reason for the spike may have been tomorrow it's Friday and at least someof the buyers will see profit ahead of the weekend the more that this is the last day of the month. Thus we may have seen an exhaustive spike up.
We have reached a multiple times confirmed support. It was a top of a range in July having created a spike over a window then. Itwas the August bottom. Nor it has been reached again to where it spiked down with an open window. It may be an exhaustion at least for a short time.