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IS TESLA DISTRIBUTING? OR REACCUMULATING?Hello my beauties. I think TSLA is going through an interesting phase. It broke the trendline that led it to its all time high, and the sellers came in strong, stunning it sideways. For us to fully understand what is happening, we'll need to wait for some more price action. However, the following scenarios are possible, in my opinion: 1) TSLA will give us a nice UT (upthrust) off the higher end of the trading range, and we'll know that a distribution is happening, with the subsequent downtrend that will result from it; 2) TSLA will spring out off the lower end of the TR (trading range) and give us a nice uptrend continuation. The bias for now is neutral, as we wait for price action to give us further indications. It is something that I'll be keeping an eye on. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
NASDAQ:TSLA
by TrickleDownFX
MASSIVE DAILY INVERTED HEAD AND SHOULDERS ON GBP/USD!Hello my beauties. I noticed this massive head and shoulders has formed during the pandemic.It has led the price to break a bearish trendline that had been lasting since November 2007. Since the pound has been in such a prolonged downtrend, I wouldn't be surprised if it came back down to kiss the trendline, so I'd be wary of opening longs right now. The ideal scenario would be a drop around the trendline and a price reversal from there. I will be observing this pair as I believe it will be providing multiple opportunities. Check out my other analysis in the description. If you find this idea to be helpful like, follow, and drop a comment below if you'd want me to analyse a different pair. Consider supporting me if you think I am providing you with value. Peace. Luca, TrickleDownFX
by TrickleDownFX
ADAUSD Makes A Small GainOn the extremely short term trend scale, ADA had made a higher higher and a higher low. I have marked this on the chart so I can see it easily. We do not have the 60-30% retracement as of yet. It is sitting at it's minor support level at the moment and has not broken from the main trend line. ADA has a lot of work to do if it wants to reach a new all time high, in my opinion. We would like to see 2 higher highs and 2 higher lows with the proper retracement. If ADA doesn't produce that, you will probably not see a run on the all time high. Therefore, I am still neutral on ADA in the short term. If there is a pullback, I will look for an entry near the 2.2 price range during a major pullback. However, I am bullish on ADA long term (5-10 years out). Now for some good news. As a person who follows ADA closely, I know that the adoption of the platform will happen very quickly with the release of smart contracts on the 12th of September. In fact, I think it was built with such a great foundation, I might just do an entire post on the fundamentals of Cardano sometime in the future. Pretty soon, we will see NFTs being created, DeFi, applications being developed, and overall strong adoption of the ADA blockchain platform as a whole. If there will be any immediate reason for ADA to move higher, it will likely be news coming from the summit on the 25-26 of September. So I would keep an eye on their twitter accounts around that time. Again, I apologize for having less time to post at the moment, but that will change in a couple weeks. I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSD
by mysticalwalrus
12
DKNG Reversal or Upside BreakoutOn the weekly chart it seems a possible head & shoulders pattern is forming if we cannot break above 63 with increased bull volume to test all time highs. Although price is holding above the 10/20/50 moving average nicely on the weekly with a nice spike in bull volume which could give it some momentum to test resistance at 63 and possibly breakout. If we test resistance & bear volume starts to kick it heavy we could look for a short position with a stop above 63 and a target profit at moving average support. If the neck line is broken below 50 this will confirm a head & shoulders reversal. Also I notices bearish divergence on the weekly RSI that should be taken into consideration. This means a possible downtrend or reversal is near due to the loss of momentum in the trend. If we can break above 63 with increased bull volume we could potentially see all time highs. I will be on the sidelines waiting for a break above 63 or a break below 50 What are your thoughts?
NASDAQ:DKNG
by BillyTradesFutures
BTC analysis-We are reaching a crucial area!Hey guys! I thought I would start doing a second forecast using the same principles I use for EURUSD trading-as they apply to all markets! We are reaching a KEY area on the BTC daily chart, we are still contained within the daily sell range and are now reaching the back of the range that started the initial move, price has been rallying for some time without a decent pullback. If we do encounter a pullback in this region we have a strong range lower that was never mitigated either this could offer some resistance and a path up still. If the current block fails-I can see us reaching for ATHs again. As always Trade safe EnvisionEJ
BITMEX:BTCUSD.P
by EnvisionEJ
The only way forward to is anticipate many optionsGood Morning traders! Todays forecast is fairly similar to yesterday, I will keep it short and sweet We are still contained in the 4hr and 1hr sell ranges-price has simple ranged the past 2 days. This means orders have been built in at current price so we should expect a move, when this will be, I can't say but I will be ready. Looking at the current PA, a sweep of the Asian session highs into the unmitigated range roughly 10pips above current PA could give a great sell opportunity. Likewise the same sweep into the higher range would be excellent, but I find this less likely. We have also built some liquidity under the current PA seen with the blue LQ line. I wont be rushing into the markets today and will let price show its hand first. As always happy trading EnvisionEJ
Short
by EnvisionEJ