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Notrend

3 Directions to ConsiderThe previous Ascending Triangle Pattern was bang on target. The triangles base support is now the Resistance. The price has no Trend. Zoom Out to find bigger patterns or trends. Short squeezed, a lot of stocks opened on an island. After rejecting 200 MA tech is sitting perched with only a gap down or up. Inflation and rising Energy costs are pinching pockets. Credit rates are eating into bottom lines. Sitting Right up top for an Island Reversal with SPX. Seems like it would be a good place to buy a straddle. NVDA is down 4.6% after earnings. After closing, AMZN announced tonight it will be shutting down Amazon Care. I’m going to lean bearish for direction.
NASDAQ:AMZNShort
by SPYvsGME
2
LITECOIN - Jack in the box! Just be patient.LTC looking for a break we have now been in a downward trend for a few days, we are now in accumulation within the red channel the longer we are here the bigger the break. I will not be trading LTC until we confirm a breakout it could be days, weeks but once we close above the red line on top of channel its a buy. Current resistance is the 20 day EMA at .0186 RSI needs to break redline and hold above as the first signal to then monitor for the break and candle to close over the red line. I will not buy until a candle closes over the top of .0186 If your holding LTC expect some sideways action I would personally exit and renter later to not have funds tied up dead. Earn and learn people!
by RealCashCannon
1
Trading in channel, sideways until we break high...TRST is currently going sideways but the RSI showing signs of a positive divergence and high probability we will break the channel high. You can profit from this until we see the break buy the red line sell the green line. Only sell the green line when you have see that you have a downward bar maybe go down to hourly candles for this. If we break the top green line hold but set stop loss on the green bar. Easy trade 2-5% profit per day, safe trade, slow trade boring for some to me profit is profit I will take it.
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by RealCashCannon