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NVDA, Is reaching to top of rising channel again!Is NVDA going to break out the top of rising channel? Lets follow! NVDA is going to battle with top of rising channel once more. Is it able to break it out? I think it will happen soon or later as the pattern of waves suggests. This time? not sure but even if it can not break it out it goes higher but with lower slope comparing to supposed breaking out scenario. Top of the mentioned channel coincides with 1.618 projection of previous wave which makes it stronger resistance therefore, it is very possible to have at least a correction soon. But who knows? Just look at the jump of TSLA after top of channel break out! It is worth to note this is not a sell or buy analysis since I am currently in from 212 USD based my own trading strategy however I can surely say that I hold my shares as far as base of the mentioned channel supports the stock. Good luck everyone.
NASDAQ:NVDA
by SaeedSajedi
2
DOGECOIN lost an important trend line, A drop is ahead!Hi dear followers, DOGECOIN couldn't pass 0.226$ resistance and for now according to chart I expect a falling wave up to mentioned area. Price is moving between two Important areas, Local support(0.1972$) must be broken sooner! Also according to market situation I expect to see price bounce upper than major support (0.16$), Let's see what's the next! Write your comment and push Like button for my better performance! Good luck!
Short
by TahaZargar
RSRUSDT Local S/R| Swing High| Price Action| Volume Evening Traders, Today’s analysis – RSRUSDT- trading above a key Local S/R where further upside is probable, - Points to consider, - Price action impulsive - Local S/R support - Swing High Objective - Volume Influx RSRUSDT’s immediate price action is impulsive, trading above a key trade location, the Local S/R Zone, allowing for a bullish bias. The Swing High is the current objective, exceeding this level will lead to a trend continuation. There has been a volume influx, this is indicative of a true break, volume follow through is required to suction momentum. Overall, in my opinion, RSRUSDT is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps Thank you for following my work And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Long
by The_Alchemist_Trader_
7
LITUSDT Local S/R Zone| Swing High| .50 Fibonacci| Price Action Evening Traders, Today’s analysis – LITUSDT – trading at a key technical location with further upside probable, Points to consider, - Price Action Impulsive - Local S/R Support - Swing High Objective - Declining Volume LITUSDT’s immediate price action is impulsive, trading above its Local S/R that has technical confluence with the .50 Fibonacci the VWAP, allowing for as bullish bias. The Swing High is current objective, price action taking this level pout will increase the probabilities of testing the all-time high. The volume profile is on a decline, an influx is highly probable when an expansion occurs, this can to either side. Overall, in my opinion, LITUSDT us a valid long with defined risk, price action is to be used upon discretion/ management. Hope this analysis helps, Thank you for following my work And remember, “The expectation that you bring with you in trading is often the greatest obstacle you will encounter.” ― Yvan Byeajee
LLong
by The_Alchemist_Trader_
Rise and Shine ...Hey Guys ... As you can noticed i predicted about *1 month ago* that it break this level and even go up more than that , but i want to mention that according to break these very strong levels, i am pretty sure it is a strong support and we will be up until finish the other level that i showed in the others my idea . If you like my ideas , please support them until i can publish more. Thank you so much for your attention and also your time . Have Fun
by Trading1234HarmonicElliotWave
NZDCAD Daily Triple Top w/ Slanted Neckline3 times price on this pair retested the resistance zone surrounding 0.96 seen above. The first time price reacted bearishly (the first top), however it did not go far down as it did previously (see 2015-12-29 date on chart). The second time price broke above the zone but then fell some - forming a second top and then going down to make a higher low. Then again, the third time it formed ANOTHER higher high and is currently going down from that. The fact that there has not been a lower high followed by a lower low suggests that this pair is technically still up trending. This is key, however, because that means that we can get a position in on time. The white support trendline is in fact the formation neckline. Price will definitely head to the TL next week, and then maybe to the 0.9290 area. We must wait for a lower low and then for a lower high to short this pair, or at least I am, you do what you like.
Short
by MtxTrader