I’ve been looking at the trend bitcoin is taking and i think it may be exhausted and taking a breather… I also have been looking at crypto mining stock such as riot and Mara both developing a double top, and with the ascending triangle Btc has, i think it may actually move downwards to fill a gap, and push back up. Also the long tail on the red candle tell me...
Apple (AAPL) is exactly -15% down since the December 14 2023 High and is approaching the Support Zone of the October 26 2023 Low. We are currently on the 3rd major correction of the last 18 months and being that close to both the Support Zone and the bottom of the Channel Down, suggests that institutional buying should be initiated. If the current overall market...
The price looks to be reversing at the 62% retrace. Has put in a Head and Shoulders pattern on the daily time frame. Great time to add to long positions. Trendchanges and its author are not registered financial advisors. Everything that is documented by Trendchanges and its author within the news letter or online should be interpreted as market...
NASDAQ:AAPL broke below 180 and is marking the upside cycle end. In the video you will see a detailed technical Elliott Wave analysis along with price action and trade setup
On AMD we are in an uptrend and we would have a continuation of this trend if and only if the resistance line is broken forcefully by a large green candle and followed by a large green volume. However, let's be careful because in the event of a break of the vwap and the support line forcefully by a large red candle and followed by a large red volume we could have...
Inflation was only keenly felt, especially after the pandemic in April 2021, when the CPI broke above 2% to 4.15%, and then quickly soared to a high of 9% in June 2022. However, gold has been signaling impending inflation since the year 2000, which was 24 years ago. Currently, gold is also indicating further upside potential over the long term. What will be the...
We are in a bearish trend and we are not going to go against this trend because we see on the chart the break of the support line with force by a large red candle and followed by a large red volume.Thanks!
Shares of Adobe Inc. (symbol ‘ADBE’) have incurred losses in the last quarter of around 7% with the majority of it being made in the last two weeks of February. The company’s earnings report for the fiscal quarter ending February 2024 is due for release on Thursday 14th March, before the market opens. The consensus EPS is $2.97, against $3.57 in the same quarter...
The price is rising towards a multi-swing high resistance zone which also aligns with the 100% fib projection I think a rejection from this level could lead the price fall towards the support level which is also a pullback support.
MVIS is a volatile penny stock with daily volumes in the 20JK range and a low float. Yesterday was a decent earnings beat. MVIX was already trending up into the earnings and now may sustain that trend up. Volatility and volume indicator support my supposition that the trend is real. The target of the consolidation period of February 8-13's price level of 2.58...
On the daily chart GLD is in a volume profile early breakout going above the jagged pruple line representing the top of the high volume area. Price has been compressing within a symmetrical triangle and now has broke through the descending resistance trendline portion of that. What remains to be seen is a retest of that new support line. Of late Bitcoin has...
TSLA Stock Price Falls Over 9% in Just 2 Days The day before yesterday, trading in TSLA shares began at an opening price of USD 199.34; trading yesterday closed at a price of USD 180.51. The fall in TSLA shares led Musk to lose the title of the world's richest man to Jeff Bezos. The main driver of the decline in the price of TSLA shares was news: → about the...
Oracle Corporation’s (symbol ‘ORCL’) share price ended the quarter at a minor loss of around 2% managing to recoup the losses incurred on the 12th of December 2023. The company’s earnings report for the fiscal quarter ending February 2024 is expected to be released on Monday, March 11th, after the close of the market. The consensus EPS is $1.27, up from $1.22 in...
UVXY the fear and volatility ETF ran up nearly 10% on the past trading day before retracing a bit all due to the quick about-face in the market at about 1PM New York time. It moved from the lows at the opening bell and let up with after hours profit taking. The relative volatility indicator shows the volatility pump and then dump. The dual signal RSI...
Still looking for a hit at the buying zone for long position, no worries, playing the range till buttom on weekly chart
PLUG is on a 60 minute chart ascending in a relatively parallel channel and oscillating within it. Price has cycled into the lower thick green support trendline. A falling wedge pattern is seen It is now on its second touch of the support. PLUG has gained 75% in three weeks. As a green energy small cap, it is sharing an uptrend with FCEL, QS and others. ...
Hi, I'm selling TESLA and I'm aiming for sell-side liquidity as a take profit.