hi traders BABA has been in the very well-pronounced down-trend. Bullish divergences appeared on 1h time frame, and we have a gap that should get filled if we get a bounce. The entry, target and stop loss are shown on the chart. Good luck
hi traders. I'm calling the top on XLMUSDT on the 4h time frame. Bearish divergences are present and the price seems to be very overextended already. MACD hasn't given us a bearish cross yet but bearish divergences on MACD are present as well. Not gonna continue this pump without the healthy pullback! See you lower soon!
Hello traders, Let's take a look at ETHUSDT on 1D time frame. As we can see on the Ethereum chart, last couple of days the price has been corrected after the impulsive move from low 2400ish. Our strategy is to wait for the price to finish the pullback and retest previous resistance to confirm it as support now. The possible scenario is shown on the...
Hi Traders AT&T Inc (T) is in an uptrend since August ’23. The price level broke the resistance of $21.3 and seems to confirm the fact that the old resistance level serves as a support level right now. I suspect the stock to make new higher highs as long as the uptrend doesn’t get invalidated. In other words, if the stock price doesn’t fall below it’s support...
Hi traders! The price is currently near the support level and it's at the bottom of the BB indicator. The RSI is at 33.44, nearing an oversold area, suggesting the possibility of a bounce from this level. If the price holds above $553 and shows bullish signs a long position could be a good opportunity. Entry: $554 Target: $591 Stop loss: $547 Risk-reward ratio: 6,01
Hi Traders Verizon Communications Inc (VZ) is in an uptrend since October ’23. The price level broke the resistance and seems to confirm the fact that the old resistance level serves as a support level right now. I suspect the stock to make a new higher high as long as the uptrend doesn’t get invalidated. In other words, if the stock price doesn’t fall below it’s...
Hi Traders Coca-Cola Company (KO) is in an uptrend since October '23, reaching higher highs and higher lows. It recently broke its previous resistance level, which was between $63.5 and $65. When the price confirms this price range as a new support level - by not dropping below it - it also means that the uptrend is still valid and that taking a long position is...
hi traders, Let's have a look at MRNA stock on the weekly time frame. As we can see, the price is retesting the COVID lows from 2020 which haven't been retested yet. The RSI is very oversold and we believe that the trend reversal is likely. Our strategy is to take a long position now around 55$. Stop loss should be placed below 50$ Our target is at the golden...
hi traders let's have a look at RIOT on 1h time frame. The price is at the upsloping resistance of the channel. This short position on RIOT is based on a bearish divergence with the RSI. Enter short at the resistance now. Take profit/ target: at the horizontal support (orange line), stop loss: 10,75.
hi traders Baba continues its pullback after an amazing rise. Bullish divergences on 15 minutes and 1h time frame. Time to bounce is now Good luck
hi traders, The price is locked in the range. Currently, the price is not far from the support so the long position can be taken. The price deviated but reclaimed support successfully so we're expecting a bullish move short-term. We target the top of the range. Stop loss below the support.
hi traders Let's have a look at SNOW on 1h time frame. Bullish divergences developed and it looks like SNOW will give us a small bounce soon Take a long position now. Set-up is shown on the chart. Risk-reward ratio: 2,51 Good luck
hi traders ARM has been in an uptrend and now the price is retesting the upsloping support. The idea is to play the trend continuation. Buy at the support now and sell the previous local high around 164. Stop loss may be placed around 131,67 The RSI is in the neutral zone. Good luck
hi traders The price created the downsloping channel and we are getting the breakout right now. The breakout is just happening so the long position can be taken now at 165$. We are expecting the uptrend to continue. The technical target for this formation is at 225$ which is corresponding with the previous ATH. The higher low shown on the chart confirms our...
hi Traders As we can see the price has been rejected multiple times at the downsloping resistance. We expect the price to retest this level again and get rejected. The short position can be opened at the downsloping resistance retest. The stop loss should be placed around 2672. Target: 2625. Good luck
hi traders The price formed the head and shoulders pattern. Not good for Bulls now. If it breaks down, we can see DIS going as low as 88,40$ -87$. This is the technical target for head and shoulders formation where shorts should be closed and bulls will start buying again. Good luck!
hi traders Let's make it simple. TOTAL3 has been consolidating after an impulsive move, forming a valid bull flag formation. We got a valid breakout but without follow-through up to now. It looks like the price retested the previous downsloping resistance and it's trying to confirm it as support. The RSI looks good here. It's pretty neutral now but as soon as...
Hi traders, The price is inside of the rising wedge formation. Currently the price sits close to upslopping support and 200 SMA. It seems it is the right moment to take long position. Probable scenario is shown on the chart. Our target is at upslopping resistance. The invalidation of this thesis is break and close below the upslopping support.