Finding this chart pattern took about two days. First i had to create a screener to find the momentum then today i looked at the watch list. While looking at the watchlist i tried to screen for a candle stick pattern, This candlestick pattern is called the lower long shadow. It is part of another chart pattern called the frying pan bottom. This means the chart price has hit higher new low as you can see from the drawing on the chart that looks like a triangle ALso remember that on this chart is a technial analysis system called the rocket booster strategy. Check out the references to learn about this strategy. Also take note of one the best osicllators in technical analysis called the MACD look close you will see two lines Crossing This is rare sight to behold and this is why i have to document this and share it with you as well Trade safe. Rocket boost this content to learn more Disclaimer: Trading is risky please learn risk management and profit taking strategies.Also feel free to use a simulation trading account before you trade with real money
the coin is currently in a deep bottom compared to its December peak, having dropped over 80%. Buying now is a rare opportunity that may not come again in the future. On the 3-day chart there is a nicly breakout of a 4 months downtrend ... the most important resistance is at the key level—once it breaks, the price will pump insanely. best regards Ceciliones?
ABC corrective wave formation short to 298x: sell limit 3027 stoploss 3033 Long to 3100: buy limit 2982 stoploss 2970
GameStop Corp. , the popular video game retailer, has officially announced its decision to add Bitcoin (BTC) as a treasury reserve asset. The move signifies GameStop’s entry into the cryptocurrency market, aligning it with other public companies that have embraced Bitcoin as part of their financial strategies. GameStop’s Bitcoin Bet In an official statement, GameStop […]
Technically: AUDCAD printing bullish divergence AUDCAD reverse from strong support zone
Hey everyone, here’s my quick take on the NASDAQ 100 (NDX) and why I’m keeping an eye on a potential global recession: 1. Bearish Divergence on the Chart We’ve got the price pushing higher while the RSI is sloping lower—classic bearish divergence. It’s a big red flag that momentum isn’t matching price action. Sure, it doesn’t guarantee a drop, but it definitely makes me cautious about chasing new highs. 2. Rising Wedge / Channel The trendlines I’ve drawn suggest a rising wedge or narrowing channel. Those often break to the downside if buyers can’t keep the momentum going. I’m watching that lower boundary like a hawk—if we close below it, that’s usually a bearish signal. 3. Ichimoku Cloud Levels We’re still hanging around the top of the Cloud, which means the longer-term trend isn’t totally broken yet. But if price falls into the Cloud or below it—and the Tenkan-sen crosses under the Kijun-sen—that’s another sign that sellers might be taking control. 4. RSI Confirmation The RSI is showing that classic lower high pattern, which means the market’s losing steam. A drop below typical support ranges on the RSI (like 40-50) would back up the idea of a deeper pullback or correction. 5. Macro Picture & Recession Risks The NASDAQ 100 is a pretty good indicator of market sentiment, especially for big tech. If we see a bigger breakdown here, it might hint at broader economic weakness. Combine that with ongoing concerns about inflation, interest rates, and global supply issues, and we have a recipe for recession chatter to get louder. I’m not saying it’s a done deal, but the chart is telling me to stay on my toes. Bottom Line Yes, the chart is flashing bearish signals, and the macro environment is still uncertain. If we break below key support levels, it could be the start of a bigger downtrend—potentially lining up with a global economic slowdown.
? EUR/USD - 15M Analysis & Key Levels ? Current Price: 1.07836 ? Demand Zone (Support): 1.07873 ? Supply Zone (Resistance): 1.08253 - 1.08542 ? Possible Scenarios: 1️⃣ Bullish Case: If price holds above 1.07873, it could push towards 1.08257 and further towards 1.08540. 2️⃣ Bearish Case: If price breaks below 1.07873, further downside movement could occur, invalidating the bullish setup. ? Trading Plan: ✅ Look for bullish confirmation at 1.07873 for a potential long entry. ✅ A breakout above 1.08253 could confirm further upside towards 1.08540. ✅ If price fails to hold above 1.07873, avoid longs and reassess for potential short setups. #FXFOREVER #FXF #EUR/USD
Price is climbing relentlessly after finding support at 40. Waiting for a break above 42.8.and look for good entries
Hello, traders! Welcome to this update on BRETT in the 2-day timeframe chart. As per our previous analysis, BRETT failed to hold the $0.065 level, leading to a sharp 60% crash. I personally accumulated in the $0.065 range and am currently dollar-cost averaging (DCA) at the market price. The RSI level and the rebound from the $0.03 support suggest a potential rally for BRETT. However, for further upside, BRETT needs to break and sustain above the $0.065 resistance level. As always, please conduct your own research and analysis before making any investment decisions. Trade safely!
Hello, Skyrexians! Recently we have already told that potentially BINANCE:ETHUSDT has been finished the correction and is ready to reach $7-10k, but today we recalculated waves and can tell that one more leg down will happen with the high probability. Let's take a look at the daily chart. Minimum Awesome Oscillator wave tells us that recent dump was only wave 3. Now asset is in wave 4. When AO crosses zero line it means that the min requirement for the wave 4 has been complete. At this point price shall reach the target area at 0.38-0.5 Fibonacci approximately at $2600. There we have to be very careful and if will see the bearish divergent bar the wave 5 will come. The target is $1600. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!