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TSLA Short Term Day Trade Opportunity for Tomorrow, September 25-Tesla stock movement has consolidated into a symmetrical triangle pattern. -RSI is not yet in overbought territory. This allows room for upward growth. -ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal. -TSLA is moving in an Upward Trend Channel Long Strategy- if Upper Resistance of Triangle is Broken: Buy: $297-$298 Take Profit: at next resistance ($305) Estimated Profit: 1.67-2.3%
NASDAQ:TSLALong
by AidanMDang
EOS posting another range-bound weekSame old Same old… not much change on this chart at all. This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and on low momentum… a range-bound week ahead. A signal for more range-bound trading within support 1 and resistance 1. Weekly S/R Critical Resistance: $7.360 Key Resistance: $5.650 Key Support: $4.620 Critical Support: $4.163
BITFINEX:EOSUSD
by CryptoMarket360
3
BTC paints a bullish correction in an overall bearish market!After the market tried to rally but stalled into previous 61.8% resistance ($7,402), the market was starting to give a signal that this was a bullish correction in an overall bearish market. At the previous high ($7,402) the ADX indicator crossed to show the bears taking control of the near-term trend. The market stalled on a lack of buying interest at this level. At the same time, the Relative Strength Index (RSI) was trying to break out of a red bearish zone I follow. With the hold at the top of the red bearish zone level on the indicator, this solidified the latest rally attempt as a bullish correction in an overall bearish market. There was no crossover of the directional index lines plotted along with the ADX. The market stalled into selling interest at an early Fibonacci resistance level. The RSI has maintained a level inside the red bearish zone. These three indications working together paints a picture for a move back to previous support level lows. Critical Resistance: $6,911.06 Key Resistance: $6,607.44 Key Support: $6,419.61 Critical Support: $6,116.00 Any questions let me know. I would also love to hear your thoughts.
COINBASE:BTCUSDShort
by CryptoMarket360
#FibonacciFriday celebrates with a bearish sentiment in BTCUSDWith price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again. Despite the latest move up recently, the bears maintain control. Not enough bullish signals for me to go long just yet. Happy trading!
BITFINEX:BTCUSD
by CryptoMarket360
Stellar seeks out previous lowPrice tested the 61.8% Fibonacci resistance level a couple of times and was held off by selling interest. This line became a key area of selling interest, and should remain strong going forward. now becomes critical resistance moving forward. Momentum for trend is starting to kick in gear for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the dotted trend line was busted to the downside. Internal strength for a bearish trend has continued to increase since. The price move below the 61.8% Fibonacci level has made the golden ratio critical resistance going forward. This move sets up a full retracement target to the previous low before strong long-term buying is likely to return. Also, the trend line break objective, marked with arrows, matches up nicely with the full retracement level. This creates a spot where buyers are likely to set up camp to build a new long-term floor in the market. Staying on the sidelines for now waiting for the previous low area to hit. Critical Resistance: $0.2404 Key Resistance: $0.2130 Key Support: $0.1802 Critical Support: $0.1710
BITFINEX:XLMUSD
by CryptoMarket360
2
XRP seeking new buying floorMomentum for trend has kicked back in gear for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the trend line A was busted to the downside. The blue highlighted squares mark the trend line break and the crossing of the directional index lines to favor the bears. Internal strength for a bearish trend has increased since. The price move below the blue 61.8% Fibonacci level has made the golden ratio critical resistance going forward. This move sets up a full retracement target to the previous low before strong buying is likely to return. Also, the trend line break objective, marked with arrows, is slightly lower than the full retracement. This creates a zone where buyers are likely to set up camp to build a new floor in the market. Happy trading.. Staying short or on the sidelines for now waiting for the zone to hit. Critical Resistance: $0.30588 Key Resistance: $0.29529 Key Support: $0.26698 Critical Support: $0.24653
BITFINEX:XRPUSD
by CryptoMarket360
ETH still favoring the bearsSupport and resistance can be found in this blue wedge type pattern as price falls. The previous historical low around $198 has been breached to the downside, which brings in the next area of support around $175 (a significant low from last year). The validated break below the blue 61.8% sets up a full retracement opportunity near $138. Sentiment remains bearish this week ad the internal momentum gains strength. The ADX, which measure trend strength is increasing along with an elevated red negative directional index. Look for a flat to lower ETH market this week. Critical Resistance: $255.00 Key Resistance: $236.49 Key Support: $175.00 Critical Support: $127.83
BITFINEX:ETHUSDShort
by CryptoMarket360
3
BTC still shows a flat to lower market this weekThe 61.8% level marked on the chart was once support (area of buying interest), but now is resistance (area of selling interest). This retracement level is actually critical resistance this week that needs price to bust to the upside with some buying momentum to back it up. This is what is needed to get BTC out of the sideways to lower pattern that has formed. Sentiment is leaning toward a “sell any rally attempt” mentality. The ADX, which measures trend momentum is increasing with the red negative directional index line still in control. This highlights a triangle pattern where price is likely to travel this week. The previous low is the target around $5858 and could even slipp lower toward the $5400 mark. This bearish call for the week would be negated on a break of the 61.8% level to the upside (with momentum indication to back it up). Happy Trading! Critical Resistance: $6,458.60 Key Resistance: $6,375.00 Key Support: $6,119.00 Critical Support: $5,858.60 Want to talk technical.. come see me at the Cryptomarket360 Discord channel.
BITFINEX:BTCUSDShort
by CryptoMarket360
USD Strong on Geopolitical FactorsThe US dollar has been a bit volatile over the past several weeks owing to mixed signals over the trade war, an ongoing spat between Trump and the Fed over the trajectory of interest rate hikes, and the ongoing NAFTA saga. Although the technicals for USDJPY seem to be bearish at the moment, we don't have a lot of conviction. The current price of USDJPY is 111.09. We will find resistance from levels from above including: 111.84 from highs and lows over the past 14 periods 112.16 from highs and lows over the past 30 periods 113.14 from highs and lows We will find support from levels from below including the following: 109.80 from highs and lows over the past 14 periods 109.25 from highs and lows As for Technical Analysis we have the following. Volatility is much lower than usual, anticipate a breakout soon. The RSI is 50, which suggests that we are in a bear trend, but not oversold. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. USDJPY is under the 50 period SMA, which is currently at 111.18, indicating bearishness. The ADX does not indicate a trend, i.e. we are ranging. We are above the central moving average of the Kovach Reversals Indicator at 111.01, and fairly close to it. If we can gain some momentum, the upper bound of the KRI indicator at 111.87 will provide resistance. Daily scores: Bull Score: 1 Bear Score: 2 Ranging Score: 2 USDJPY intraday seems to be poised for a bull breakout. There is a bull wedge forming on 15 minute candles and the Kovach OBV is strong. We will find resistance from levels from above including the following: 111.54 from highs and lows over the past 14 periods 111.84 from highs and lows over the past 100 periods Levels from below will provide support, including: 110.94 from highs and lows over the past 30 periods 110.70 from highs and lows over the past 100 periods As for Technical Analysis we have the following. Volatility is much higher than usual. We should expect some consolidation at some point. The RSI is 62, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not by too much, suggesting that we are in a bull trend which may continue. USDJPY intraday is above the 50 period SMA, indicating a bull trend. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is even with the 100 period SMA, indicating longer term ranging. The ADX indicator is bullish. Currently, USDJPY intraday is above the central moving average of the Kovach Reversals Indicator, which sits at about 111.29. However, it is getting closer to the upper bound of this indicator at 111.59, which will provide resistance. Intraday Scores:Bull Score: 6 Bear Score: 0 Ranging Score: 1
Long
by quantguy
Fibonacci Levels Are Key for BTC$7,495.10 is the golden ratio line to watch this week as key resistance. The black arrow marks an intersection of the bearish dotted trend line and the blue 61.8% Fibonacci level. This intersection is the spot where resistance is likely to be tested, but can price break to the upside this week? The last time a key 61.8% Fibonacci level was tested the market held as a ceiling. The red 61.8% level shows where the rally stalled and dropped back. The Average Directional Index (ADX) at the time the red 61.8% line was being examined, price was looking to stall and indicators were gearing up for the bull trend momentum to dry up. As price approaches the blue 61.8% level this time the ADX is making a small turn to the upside, and staying inside the 20-30 trend strength building zone. This indicates a small amount of buying interest is building and trying, but is likely not enough to push through this intersection of resistance. (There is a bearish divergence going on inside tighter time frame charts) A break of the blue 61.8% Fibonacci level to the upside would set up a full retracement to the blue 100% level, which would put us right back to the test of the red 61.8% Fibonacci level. The red 61.8% level is the ceiling level price needs to break to get this market back in the bull camp longer-term. For now a break to the upside is slim at the moment. If the blue 61.8% Fibonacci level is not breached this week, back to previous lows we go. Critical Resistance: $8,372.20 Key Resistance: $7,495.10 Key Support: $6,872.00 Critical Support: $5,858.60
BITFINEX:BTCUSD
by CryptoMarket360
3
BABA Looking BearishThe technical analysis for BABA is somewhat bearish. There isn't a lot of conviction here so be careful when entering a trade. Currently, BABA is trading at $174.61. Levels from above include: 174.79 from gaps 176.20 from gaps 177.00 from gaps 178.16 from volume profile over the past 14 periods 178.90 from volume profile over the past 14 periods 179.53 from volume profile over the past 14 periods 180.38 from volume profile over the past 14 periods 181.95 from gaps 182.38 from volume profile over the past 14 periods 182.90 from gaps We will find support from levels from below including: 174.20 from gaps 173.85 from gaps 172.41 from gaps 172.05 from gaps 171.29 from gaps 170.77 from gaps 169.85 from gaps 165.39 from highs and lows over the past 14 periods As for Technical Analysis we have the following. Volatility is slightly higher than usual, but not to an extreme. An RSI value of 43 suggests that we are in bear mode but not oversold yet. The MACD suggests that we are in a bullish phase but not overbought yet. The 50 period SMA indicates that we are in a bear trend. Furthermore, We are well below the 100 period SMA, which suggests that we are oversold. Finally, the SMA(50) is below the SMA(100), a long term bearish confirmation. The ADX suggests that BABA is ranging. Currently, BABA is well above the lower bound of the Kovach Reversals Indicator, at 169. This should provide support. The central moving average of the KRI will provide resistance at 178, if needed. Bull score: 1, Bear score: 5, Ranging score: 2
NYSE:BABAShort
by quantguy
QQQ to the MoonQQQ is quite bullish. There are many technical indications of strength, but it would be wise to wait for a better price, rather than buying and getting caught in a retracement. The current price of QQQ is $186.41. We will find resistance from levels from above including the following: 187.52 from highs and lows over the past 14 periods We will find support from levels from below including: 185.03 from volume profile over the past 14 periods 184.07 from volume profile over the past 30 periods 183.48 from volume profile 182.68 from volume profile over the past 30 periods 181.69 from volume profile over the past 30 periods 179.45 from volume profile 178.12 from highs and lows over the past 14 periods 177.74 from volume profile over the past 100 periods 177.12 from volume profile over the past 100 periods 175.72 from volume profile over the past 100 periods As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI is 70, suggesting that we are in bull mode, but not overbought just yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. QQQ is substantially above the 50 period SMA, which is at 179. This indicates that QQQ is overbought. Also, QQQ is well above the 100 period SMA, which is 173 at the moment, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator suggests a bull trend, at 35. We are getting closer to the upper bound of the Kovach Reversals Indicator at 186. This should provide resistance. The central moving average of the KRI will provide support at 181. bull score: 8 bear score: 0 ranging score: 0
NASDAQ:QQQLong
by quantguy
Stocks Still StrongThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. The current price of SPY is $290.32. We will find resistance from levels from above including the following: 291.74 from highs and lows over the past 14 periods Levels from below will provide support, including: 289.60 from volume profile over the past 14 periods 288.44 from volume profile over the past 30 periods 286.76 from volume profile over the past 14 periods 285.97 from volume profile over the past 30 periods 283.73 from volume profile over the past 100 periods 283.03 from volume profile 281.28 from volume profile over the past 100 periods 279.88 from volume profile 278.77 from volume profile 278.01 from volume profile over the past 100 periods The technicals for SPY are as follows. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 68, which suggests that we are in a bull trend, but not overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Further, SPY is substantially above the 100 period SMA, which is at 276. This indicates that SPY is overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX indicator shows a bull trend. We are above the central moving average of the Kovach Reversals Indicator at 285, but getting closer to the upper bound of this indicator at 291. Watch for resistance at this level. Bull score: 8, bear score: 0, ranging score: 0
AMEX:SPYLong
by quantguy
4
Square is Ripping! But Don't Buy out of FOMO...SQ shows multiple signs of a strong bull trend. Be careful when looking to buy lest you get caught in a retracement. Currently, SQ is trading at $87.88. We will find resistance from levels from above including the following: 89.22 from highs and lows over the past 14 periods We will find support from levels from below including the following: 69.88 from sma 50 68.90 from highs and lows over the past 14 periods 63.21 from highs and lows over the past 30 periods 43.72 from highs and lows over the past 100 periods 38.80 from highs and lows As for Technical Analysis we have the following. Volatility is extremely high. Expect some consolidation soon. The RSI is 79, indicating that we are overbought. A bear pullback or trend reversal can be expected. The MACD is quite a bit above the signal line suggesting that we may have a trend reversal or pull back soon. SQ is above the 50 period SMA by quite a bit, suggesting that we are overbought. Furthermore, We are well above the 100 period SMA, which suggests that we are overbought. Finally, the 50 period SMA is above the 100 period SMA, indicating longer term bullish confirmation. The ADX is at 70, which is strongly bullish. We are above the central moving average of the Kovach Reversals Indicator at 74, but getting closer to the upper bound of this indicator at 85. Watch for resistance at this level. bull score: 11, bear score: 0, ranging score: 0
NYSE:SQLong
by quantguy
Exxon Mobile RangingXOM appears to be ranging, based on the analysis. Be careful trading either long or short, so you don't get caught in a breakout. At the time of this writing, XOM was trading at $80.50. We will find resistance from levels from above including the following: 80.87 from gaps 81.04 from highs and lows over the past 100 periods We will find support from levels from below including: 80.35 from highs and lows over the past 30 periods 80.12 from highs and lows over the past 100 periods The technicals for XOM are as follows. Volatility is slightly higher than usual. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is below the signal line, but not to an extreme. This suggests we are in a bear phase with room to go. XOM is above the 50 period SMA, which is currently at 80, indicating bullishness. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX indicator, 2 suggests that XOM is ranging. We are below the central moving average of the Kovach Reversals Indicator at 81, and fairly close to it. If we lose momentum, we'll have support from the lower bound of the KRI at 80. bull score: 2, bear score: 2, ranging score: 3
NYSE:XOM
by quantguy
XOM RangingXOM seems to be ranging. Bullish and bearish are extremely ambivalent right now. Currently, XOM is trading at $80.86. We will find resistance from levels from above including the following: 81.91 from volume profile over the past 30 periods 82.34 from volume profile over the past 100 periods 83.06 from volume profile over the past 100 periods 84.40 from highs and lows over the past 30 periods Levels from below will provide support, including: 80.80 from volume profile over the past 100 periods 80.05 from volume profile 79.81 from volume profile 79.56 from volume profile 79.38 from volume profile 78.95 from volume profile 78.77 from volume profile 76.51 from highs and lows over the past 14 periods 74.80 from highs and lows over the past 100 periods 72.16 from highs and lows As for Technical Analysis we have the following. Volatility is much lower than average, so a breakout can be expected. The RSI indicates that we are in a bull trend, but not overbought yet. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. The 50 period SMA indicates that we are in a bear trend. Also, XOM is above the 100 period SMA, which is currently at 81, indicating bullishness. Finally, the 50 period SMA is about on par with the 100 period SMA which suggests we are ranging. The ADX suggests that XOM is ranging.
NYSE:XOM
by quantguy
MU Somewhat BearishMU shows bearish signs, but they're not overwhelmingly strong. Read further for more technical analysis. At the time of this writing, MU was trading at $51.83. Levels from above will provide resistance, including: 51.98 from volume profile over the past 14 periods 52.09 from volume profile over the past 14 periods 52.36 from gaps 52.80 from gaps 53.21 from gaps 54.17 from gaps 54.58 from gaps 54.83 from gaps 55.48 from gaps 55.64 from gaps We will find support from levels from below including: 51.80 from volume profile over the past 14 periods 51.51 from volume profile over the past 14 periods 51.33 from volume profile over the past 14 periods 51.17 from gaps 51.03 from gaps 50.82 from gaps 50.68 from volume profile over the past 14 periods 50.39 from volume profile over the past 14 periods 50.25 from volume profile over the past 14 periods 50.01 from gaps Lets look at some technical analysis for MU. Volatility has consolidated quite a bit, expect a breakout soon. The RSI is 51, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, but not to an extreme. This suggests we may have more room to appreciate. MU is below the 50 period SMA, which indicates a bear trend, but not oversold yet. The 100 period SMA indicates that we are in a bear trend. Finally, the 50 period SMA is below the 100 period SMA, indicating longer term bearish confirmation. The ADX indicator, 7 confirms that MU is ranging, that is, no significant trend is observed.
NASDAQ:MUShort
by quantguy
2
Stocks Looking BullishThe technical analysis for SPY is very strong. We see many indications of a strong bull trend. It would be wise to buy on a dip. Currently, SPY is trading at $291.54. We will find resistance from levels from above including the following: 291.65 from highs and lows over the past 14 periods Levels from belowwill provide support, including: 289.47 from Volume profile over the past 14 periods 288.38 from Volume profile over the past 30 periods 286.77 from Volume profile over the past 14 periods 285.92 from Volume profile over the past 30 periods 282.69 from Volume profile over the past 100 periods 281.54 from Volume profile over the past 100 periods 280.16 from Highs and lows over the past 14 periods 278.71 from Volume profile 277.14 from Volume profile over the past 100 periods 275.93 from Volume profile 274.82 from Volume profile 274.08 from Volume profile 259.05 from Highs and lows over the past 100 periods 254.67 from Highs and lows The technicals for SPY are as follows. Volatility is much lower than average, so a breakout can be expected. The RSI is 73, indicating that we are in a bull trend, but not yet overbought. The MACD is above the signal line, suggesting the bull phase may continue. SPY is well above the 50 period SMA, which is 281 at the moment, suggesting that we are overbought. Also, SPY is above the 100 period SMA by quite a bit, suggesting that we are overbought. Finally, the SMA(50) is above the SMA(100), a long term bullish confirmation. The ADX indicator shows a bull trend.
AMEX:SPYLong
by quantguy