MarketSphere

MarketSphere

Fartfetch (FTCHF) has experienced a notable shift, especially following its acquisition by Coupang for $500 million, effectively saving it from bankruptcy. Notably, the recent price movement has filled a significant gap dating back to the 2000s. What's intriguing is the lack of attention on this stock, suggesting that significant players, or "whales," may be...

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Monthly Chart Analysis: Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by...

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Current Zone: We are in the 'zone of despair,' where weak investors feel fortunate to have sold. This emotional response typically indicates a significant turning point. Previous Activity: We successfully closed the Fair Value Gap (FVG) from July 2020, marking an optimal entry point. I anticipate the price will surge from here. Future Outlook: I predict...

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Strong Support: PLUG presents a buying opportunity. We've identified a strong support zone, ranging from $2.85 to $3, where the price has consistently been rejected, indicating robust support in this range. Additionally, there's a trending line that has proven to be a significant support point, often leading to a price surge when it's reached. Also, the RSI on...

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In 2020, PLUG Power showcased a notable pattern formation—a symmetrical triangle accompanied by a diamond bullish shape. This setup culminated in a remarkable price surge post-breakout. Fast forward to now, and we're witnessing a similar scenario unfold Key Observations : RSI Dynamics : The RSI is currently sculpting a falling wedge, indicating a potential...

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Hello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. We're observing the Elliott Wave Theory in action here, where it appears PLUG has completed the Elliott five-wave pattern. The price action suggests we're currently facing resistance at a significant Order Block. Zooming...

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The company we're looking at seems to be doing well, but let's not get too excited just yet. Here’s a simpler look at what’s happening: What the Charts Say : The RSI, which is a fancy way of saying how fast the stock price is moving, is at 83. This is usually a sign that the stock price might go down soon. In the past, when this number got really high, the stock...

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Bitcoin's journey seems to be drawing a parallel with its 2021 course. Initially, aspirations were set high with a target of reaching 83K, yet current trends suggest we might have already reached our zenith. The horizon forecasts a descent toward the Fair Value Gap (FVG), pinpointed at approximately $50k. This represents a noteworthy 30% dip from recent highs,...

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Hello, traders and investors. Before I dive into the analysis, please note that I am not a financial advisor, and this is not financial advice. FuelCell Energy is showing several bullish indicators across different time frames, suggesting a potential for a significant upward move. Here's a refined analysis: On the 4-hour (4H) chart, there's a noticeable shift in...

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Strong Support: FIL is seen as a buying opportunity. Market Structure: On the 4-hour chart we have twice a break of structure(BOS) which is a bullish reversal, we have HH $6.19 LL $4.4 Golden Cross: This bullish signal is also observed, further supporting the optimistic view. Trading Strategy: Stop Loss: Set at Fib retracement 0.5($4.93) - 0.667($4.18) Profit...

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Strong Support: ASXC presents a strong buying opportunity. Market Structure: The daily chart exhibits an inverse head and shoulders pattern. Key Support Level: There is robust support at $0.27. If we close below this level, there's a significant risk of a sharp decline toward $0.18. Major Resistance: A critical resistance line exists at $0.37. This level has...

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Current Chart Analysis: Strong Support: Silver has a strong support line at $23.6, seen as a buying opportunity. Chart Patterns: The presence of a symmetric triangle pattern and falling wedge on the daily chart, along with another falling wedge on the weekly chart. Golden Cross: This bullish signal is also observed, further supporting the optimistic...

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Current Situation: Bitcoin has reached a major resistance zone at $42,000 with an RSI of 81, indicating an overbought condition. Profit-Taking Scenario: People who bought Bitcoin around 24k avg or 40k avg (making around 100% profit or taking the change out) might start selling, leading to a potential price drop. Possible Price Movements: If a red candle...

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Current Situation: Bitcoin has encountered a significant resistance level at $49,000, accompanied by an RSI suggesting an overbought state. Profit-Taking Scenario: Investors who bought Bitcoin at an average price of around $24,000, thereby achieving approximately 100% profit, are starting to sell their holdings. This trend is particularly noticeable among...

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USDCHF Bearish Bat pattern Profit Targets: * Entry (0.886 FIB X to A): $0.85514 * Stop Loss (X): $0.85798 * 1TP (First Target Price): $0.845 * 2TP (Second Target Price): $0.8416 Risk Management: My strategy includes a structured plan for realizing profits at predetermined levels, which aids in managing risks and ensuring gains. Personal Opinion: This is my...

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Bearish Crab pattern Profit Targets: * Entry (1.681 FIB X to A): $102.654 * Stop Loss: $102.867 * 1TP (First Target Price): $101.756 * 2TP (Second Target Price): $100.858 Risk Management: My strategy includes a structured plan for realizing profits at predetermined levels, which aids in managing risks and ensuring gains. Personal Opinion: This is my viewpoint....

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Strong Support: BNGO presents a buying opportunity. Market Structure: The weekly chart shows the completion of impulse waves 1, 2, 3, 4, and 5, and now we are entering correction waves ABCD. Stop Loss: Set at the Fibonacci extension of 127.2 (equivalent to $1.10). Profit Targets: Fibonacci Retracement between 0.5 ($10.7) and 0.618 ($13). First Target: $10....

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BNGO offers a strong buying opportunity with an anticipated price surge. Market Structure: The 2W chart reveals a completed bullish butterfly pattern XABCD. The yellow circle highlights the three instances of price explosions. Fibonacci Retracements: * X to A at 0.786 for point B * A to B ranging between 0.382 and 0.886 for point C * X to A at 1.272 for point D,...