2022 July
-
DOTUSD 8.80 short-term target
- July 16, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
No CommentsPolkadot (DOTUSD) has been trading within a clear Channel Down on the log scale ever since its last market top in November 2021. The price has been unable to break above the 1D MA50 (blue trend-line) since April 21. The recent Bullish Divergence on the 1D RSI though (being on Higher Lows against the
-
SOLUSD Broke above its Triangle. Bullish bias ahead.
- July 16, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Solana (SOLUSD) broke yesterday above the Lower Highs (top) trend-line of the Triangle pattern that it has been trading in for the past 1 month. The pull-back that followed has been quicly contained today above the 4H MA50 (blue trend-line), which has established itself as Support, with the 4H MA200 (orange trend-line) being right
-
AAPLE holding the 1D MA50, targeting 158 short-term.
- July 15, 2022
- Posted by: Tradingshot Articles
- Category: Stocks
Apple (AAPL) had a very strong 1D green candle yesterday, rebounding off the 1D MA50 (blue trend-line), which has been the Resistance since April 21, turning it into the Support. The break-out took place after the RSI on the 1W time-frame broke above its MA line on the widest margin since January 04. With
-
WTI OIL hit its 1D MA200 first time in 2022! Bottom can be lower
- July 13, 2022
- Posted by: Tradingshot Articles
- Category: Commodities
WTI Crude Oil (USOIL) touched today the 1D MA200 (orange trend-line) for the first time in 2022, more specifically since December 21 2021! This strong selling on the market has come after successive Lower Highs since June 14 and a rejection on the 1D MA50 (blue trend-line). Since the March 08 market High, this
-
EURAUD Sell signal confirmed
- July 13, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURAUD pair got a massive rejection on the 1D MA200 (orange trend-line) on July 01 and since last week, it hasn’t even regained its 1D MA50 (blue trend-line) suffering a strong sell-off. The long-term pattern is a Bearish Megaphone, technically such rejection should push the price to a new Lower Low. Based on
-
EURUSD Parity achieved, first time in 20 years! What’s next?
- July 12, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURUSD pair has finally hit today the 1.000 (parity) level, a feat last seen on December 2002! This 20 year span is regarded by many as the closing of a Cycle, however, there is a pattern involved that we shouldn’t disregard. That is the Channel Down starting after the July 2008 High (amid
-
AUDCAD Testing the 1 year Support Zone!
- July 12, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The AUDCAD pair dropped sharply yesterday, negating the gains of the past 5 days combined. In doing so, it touched again the Lower Lows zone trend-line that started after the July 30 2021 Low and has been supporting with rebounds ever since. With the 1W RSI well within its own Buy Zone since July
-
XRPUSD Failed twice on the 1D MA50. Action plan.
- July 11, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
XRPUSD made its last Low on June 18 and since then attempted a rebound. So far this has been rejected twice on the 1D MA50 (blue trend-line), below which XRP has been trading since April 15. Even in the event of a break-out, there is still the March 28 Lower Highs trend-line to consider,
-
EURCAD approaching the bottom of its Channel Down
- July 11, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The EURCAD pair has been trading within a Channel Down pattern since September 2021 Triple Top. Such Double/ Triple Top Resistances are important as even in the one time the price broke above the pattern, it got rejected (February 07) on the Resistance of the previous High (Double Top), which also happened to be
-
BTC/GOLD ratio Bitcoin will start to heavily outperform Gold
- July 9, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
We looked into this correlation 3 weeks ago with the following analysis but on the reverse ratio of GOLD/BTC: As you see that was right when the ratio tested the 7 year Lower Highs trend-line and the rejection so far is confirming our bias, which are sell Gold and buy Bitcoin for the next