I am expecting range trading, but would like to use that as a sell into rally strategy. The GANN SQUARE drawing from early base, shows the movement and progress within the GANN Square. We are outside the GANN circle and had a sharp increase. It is the steepness I worry about, and as all things, gravity will pull it down. Strategy is therefore, sell between...
Looking at the 10-MA vs 30-MA we have a negative signal for ETHUSD. The STOCHASTIC is negative as well on daily chart, and it feels we should move lower. Strategy SELL current $ 4,070 for a move towards FIBO retracement values $ 3,300 > 3,000. Stop-loss I feel maybe around $ 4,350 for now.
Even though am medium-term bearish for $ 30 k objective, the short-term seems more ranging related. The downward channel, and maybe even a false bear flag pattern, the low I feel is around $ 52k and the high 58k and a break either way will ignite the move next. If it is a false bear flag, we will see above $ 65k again before moving lower medium-term. Strategy...
My short-term outlook before was sell at $ 81 and profit level $ 68. Few days ago I felt short-term we may see opportunity to buy in the $ 71-73 range for $ 78 profit taking. the stop-loss was at $ 65. The 10-MA vs 50-MA is highly violated of course due to the sharp fall. The stop of $ 65 is still protected and I suggest to keep it this way for now. the previous...
Selling ETHUSD seems now a better idea. We are close in crossing the 10-MA vs 50-MA and also the channel support. Strategy sell $ 4,050 - $ 4,100 with stop-loss above $ 4,500 Profit objective $ 3,000.
The BTCUSD now starts looking shaky. The 10-MA has crossed the 50-MA and usually indicates a stronger move when broken. I feel we are going to go lower for the medium-term objective $ 38k for now. Sell into rally $ 53-55 K and with a stop-loss above $ 61.5k
Before the major move down to 10.03, I suspect we will range between 11.75 - 12.75 short-term. The daily chart stochastic is turning positive, and likely we will retrace upwards towards 12.75, and maybe attempting the high again. My overall viewpoint is medium-term lower 10.03 - 9.50. I prefer to sell in a rally and not to venture long. Strategy is SELL or add...
I find it difficult to change my mind on this one. the monthly chart has extremely high RSI, and further negative divergence clearly established. we have an EVENING STAR candle, and this also signals a TOP in place. My LONG-TERM view is $ 650.00.
Very short-term strategy to sell USDCAD current 1.2759 > 1.2775 with stop-loss 1.2803 (for safety) Profit area 1.2634. The Stochastic RSI is starting to look topping out and RSI also slightly on high side.
One week ago I suggested SELL USOIL at $ 81.00 and presented an objective of $ 68.00. Now we are nearing the lower range, and the STOCH RSI is becoming low suggesting we may see likely some reprieve. Strategy BUY at $ 71-73 for move back towards $ 78 short-term. Stop-loss $ 65.00
Just to add a little more perspective. the STOCH RSI is quite low, and we ae nearing the channel low as well. i am not sure how far down we may go, but buying into weakness including current levels in small increments is best strategy always. I am getting some remarks from people, which is great no matte what these remarks are. the end of the day, my view or...
the medium-term picture of coffee is to correct over time. we should be seeing 200.00 levels again. The current price $ 245 is above the BB and the RSI is way higher than the past corrections observed. Strategy is to sell in small increments, and stop-loss (perhaps not needed due to the high level of RSI). manage the position carefully, and take back positions...
We have reached short-term objective, and its time to be on BUY side again. the current RSI is low, albeit not extreme, but judging historical performance, buying strategy may be advisable now. Buying at current 1.3303 and a stop-loss below 1 3227, and placing profit objective above 1.3537 for now.
I love the weekly pattern in the candle sticks and the level right into the HIGH BB area. The time is to be short, and similarly Elon Musk sold his $ 1BN worth of TSLA stocks for taxes reasons (really?). He is cashing in on the height of the share price and so should we. Sell now $ 1,116n - $ 1,150 range (no stop) and take profit medium-term $ 850 area.
It was a bloodbath day yesterday. Reaching high 13.08 and then a low 11.2800. The overall view still the same, we will continue to gravitate lower, but with violent up and downs. I expect some correction to 12.3500, however, sell between 11.80 - 12.35 for the move towards 10.05. The weekly RSI near 90.0 and the daily has come off a bit, but still not enough to...
Now it's the time to sell Apple shares. It is short-term overbought and at the top of the channel and BB band. Sell current $ 161.40 and take profit 152.00 (observe the channel support) and ultimately we will move towards $ 140.00.
I know it's scary, and the reasons are clear. The Turkish Central Bank actions under high inflation and the response by the leadership has placed the financial market community in a rage and fear mode. However, herd mentality does not always pay, and as shrewd investors, we should take a logical approach to the market. Use technique and a dose of common sense....
I know what you think... a 9.8% move just one day. As said before, small increments selling USDTRY, but I fully understand the rocket move we are facing. The Daily RSI 97.0 now (unheard of) and Weekly almost 91.0. The last time this happened, the correction was 2.5 points, so the 10.13 objective is still valid. The same happen with USDITL and DEMITL long time...