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Mike_Trading_

#Ethereum just printed a very strong July candle. We’re now flirting with the upper resistance of this multi-year triangle, and a monthly close above $3,800 would confirm the breakout. That would unlock a measured move target > $8,000. Momentum is already shifting, and the RSI broke out of its downtrend. The setup is here. Now let’s see the...

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BORG - 1W SwissBorg's token needs a breakout from its current descending channel to make its way back to its ATH — and potentially beyond into new territory.

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Apple is trading just 1% below its all-time highs, positioned at the apex of an ascending triangle. The Supertrend is green and bullish, with the MACD showing a strong upward momentum, signaling a potentially volatile breakout on the horizon. At the same time, NVDA is closing in on the title of 'world's largest company, ending Friday with a market cap of...

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Amazon's stock is currently trading within a symmetrical triangle pattern, signaling a potential breakout. The RSI is showing a positive trend, indicating strong momentum. Moreover, in terms of the PE ratio, Amazon has become more attractive and reasonably priced.

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AMD Shares Alert: Potential Decline or Fakeout? Advanced Micro Devices Inc. (NASDAQ: AMD) could see its shares drop to $150.00, with a divergence on the Relative Strength Index (RSI) suggesting a decline. However, this could also be a potential fakeout from the asymmetric triangle pattern recently detected. Keep an eye on this critical support level!

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With the MACD turning positive on the monthly chart, Tesla is catching attention. The much-anticipated Robotaxi event this Thursday, October 10, will see Tesla unveiling its autonomous vehicle without a steering wheel, powered entirely by Full Self-Driving (FSD). Could this be the catalyst bulls have been waiting for?

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Bitcoin is retracing, but the RSI has broken out and is heading for a retest. There's also a divergence between the MACD histogram and price action. Sometimes things aren’t what they seem. If Bitcoin forms a higher low and bounces off the 0.5-0.618 Fibonacci retracement, anything is possible…

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One of the most promising setups in the semiconductor space as we head into this week. The price is tightening within a symmetrical triangle, signaling potential for a strong move. With the RSI already breaking out, momentum is picking up, adding to the bullish bias!

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This week, China’s central bank (PBOC) introduced its most substantial stimulus since the pandemic, reducing interest rates and lowering the reserve requirement ratio. This move injected roughly 1 trillion yuan ($142 billion) into the financial system. Following the news, Chinese stocks surged, and NIO—a long-underestimated player—has started to gain momentum....

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The stock is starting to close the gap Intel Corp. (NASDAQ: INTC) has seen its stock price surge, fueled by competitor takeover bids, pushing it past the key resistance level of 22.00 USD. Following a disappointing Q2 2024 earnings report, Intel's stock dropped over 30%, leaving a notable gap on the chart. The recent break above 22.00 USD suggests the...

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A break below support could signal a further drop in the stock. Coca-Cola Co (NYSE: KO) saw its rapid rise halt at 73.00 USD, with the price now consolidating within a range of 70.30 to 72.30 USD. Every time the price approaches resistance at 72.30 USD, buyers seem to fade, resulting in a pullback. If investors start locking in profits on a larger scale, the...

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After breaking through a major downtrend line in February 2024, GRT (The Graph) is now retesting that same trendline as support. A bullish momentum initially emerged but has since lost steam for now. However, the MACD is gradually turning upwards, and the zero line is getting closer, indicating potential strength ahead. Traders will be watching closely to see...

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Alibaba Group (BABA) is finally showing signs of renewed strength, bouncing off its 50-day EMA and breaking out to the upside from a symmetrical triangle. The stock is now approaching new YTD highs. Despite the frustrations of long-term holders, optimism is on the rise. Michael Burry’s Scion Asset Management recently made Alibaba its largest holding, with...

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Although Alphabet (GOOG) has underperformed the S&P 500 this year, momentum may be shifting. The stock recently broke out from a substantial rounding bottom and has now formed a falling wedge near its 50-week EMA support. Additionally, it has bounced precisely off support around the $150 level. With hidden bullish divergence emerging, the technical indicators...

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Tesla Inc. stock has struggled to break through a key resistance level. On Monday, the stock tested the $232.80 resistance for the third time but failed to surpass it, signaling weaker demand for shares. This repeated inability to break higher suggests that we might be on the verge of a pullback, with the potential for the price to decline towards the $202.00...

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Nothing has changed! Bitcoin is currently in a clear accumulation phase, similar to what we experienced last year. People often forget that during this same period, we saw a similar pattern, which lasted for roughly seven months before breaking out. History tends to repeat itself, especially in markets where human psychology plays such a crucial role. As we...

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Chevron has broken down from a symmetrical triangle that started in July 2022, along with its 200-day EMA. The outlook appears bearish, with a price target around USD100.

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Tesla is currently trading within a symmetrical triangle, which remains intact until the price manages to break out or break down. In other words, a decisive move through support or resistance will likely determine the stock’s next direction. At this point, there isn’t enough conviction in either direction to forecast the outcome. Key levels to watch outside...