Pair has currently formed a double top (R1, R2) with R2 on the lower side showing bull weakness. If this chart is zoomed in, we see that price has been in a downtrend. The big bull candle on R2 is a buy climax with bulls last push. The last 3 handles on R2 could not make it back to the top still confirming bull weakness. Watch entry level if price changes and act accordingly. Let me know your thoughts. Thank you.
with current market cap and circular supply we might see Penguu around $0.20 very soon! Mark My words
Consolidating, for sure. However, it doesn't seem to have the drive and momentum for continuation unless more buyers come in; this is pointing in a very bearish direction.
my entry on this trade idea is taken from a point of interest above an inducement (X).. I extended my stoploss area to cover for the whole swing as price can target the liquidity there before going as I anticipate.. just a trade idea, not financial advise Entry; $1.407 Take Profit; $1.216 Stop Loss; $1.467
Looking at the current structure, I’m leaning bearish for Monday. Price has pushed up into a key resistance zone, and we're now trading inside a clear descending channel. I’ll be watching for selling opportunities around the upper boundary of the channel — ideally after a rejection or a clear lower high formation. My first target would be around the mid-support zone, and if momentum is strong, a further drop into the larger Demand Zone below seems very possible. As always, patience is key: I’ll wait for confirmation before entering any sell setups. Just to be clear — I'm a regular guy who’s still learning and progressing in my trading journey. This is not financial advice, just me sharing my current view based on what I’m seeing on the charts. Always do your own analysis and manage your risk carefully! Stay sharp and stay patient!
Closed just above Weekly Trendline Support (i.e. above 115000) as mentioned during last week. However, the Daily Candle Closed below the Trendline Support; that means 116000 is the Immediate Resistance that needs to Cross & Sustain. In case of Selling, we may witness 112800 - 112900 as Important Support.
Trend line is established by second volume bar being within 45 degrees above or below previous bar high. The trend line is broken up first bar that forms at a greater than 45 degree angle (up or below) than last volume bar in trend. One can confirm trend reversal by looking at candles that correspond to volume bars that indicate a trend reversal (greater than 45 degree angle from previous volume bar).
A small move of 66 or less is incoming; expect a retrace. The swing could take a while, and there's no rush for stochastic to move significantly.
Hey everyone! These are just my thoughts on SPY for next week. Not advice of course. Be safe and I hope you all have a great week!
85600 area should be the next support, 4h left unfilled gap, onec it will go down to it, panic selling will break the support and starting pulling back slowly down