2022 November
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DXY Major bearish break-out ahead of 1D MA200 test!
- November 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
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The U.S. Dollar Index (DXY) eventually made the bearish break-out we expected as it broke below the Bullish Megaphone pattern that it has been trading in since January 2022: As you see, the break below the 1D MA100 (green trend-line), which was almost on the bottom (Higher Lows trend-line) of the Bullish Megaphone, was
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GBPNZD Strong buy opportunity.
- November 15, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The GBPNZD pair is moving exactly as predicted on our previous analysis on September 28: The price hit and got rejected on the Lower Highs (dashed) trend-line) of the Triangle pattern that has been holding since April 02 2020. The pair pulled-back aggressively, but this remains much in line with the 2019 W-shaped fractal,
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BITCOIN Is the FTX crash similar to 2015 Bitfinex??
- November 14, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
This is Bitcoin (BTCUSD) on the 1W time-frame, on the left displaying the 2021 – 2022 price action while on the right the 2014 – 2015. For the record we need to make clear that FTX crashed and filed for bankruptcy while Bitfinex on August 17 2015 experienced a flash crash. At the time,
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XRPUSD Another buy opportunity for medium-term traders.
- November 12, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
XRPUSD eventually followed the trading plan we posted on September 16 as it broke above its (former) Triangle, hit the 1D MA200 (orange trend-line target and almost touched the 0.618 Fibonacci retracement level: The rise however was contained just within the May 2021 Lower Highs trend-line, which is the Bear Cycle’s Resistance. Even though
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MASKUSDT Golden Cross on 1D but we need this Resistance to break
- November 11, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
*** *** For this particular analysis on the Mask Network we are using the MASKUSDT symbol on the OKX exchange. *** *** The idea is on the 1D time-frame where MASK just formed a Golden Cross on the 1D time-frame, which is a bullish pattern when the 1D MA50 (blue trend-line) crosses above the 1D MA200 (orange trend-line). This is
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SOLUSD Oversold RSI means nothing. Needs this in order to rally.
- November 10, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Solana (SOLUSD) has recovered a considerable amount of yesterday’s losses. Rebounding after the 1D RSI broke below the 30.000 oversold barrier, this alone isn’t enough to sustain a rally. During the previous 2 times the RSI rebounded above the 30.000 oversold level failed to sustain the uptrend as the price got rejected on the
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AUDNZD has more room to drop
- November 10, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The AUDNZD pair followed exactly the pattern we presented on our previous analysis on September 23 and after completing a standard +4.70% rise on the blue Channel Up, it broke below it: The pattern that was our benchmark on this accurate projection was the January – July 2021 Megaphone. After a rebound on the
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NZDJPY Pull-back first, 88.000 – 90.000 later.
- November 10, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The NZDJPY pair followed very closely the trading plan we presented on our last September 22 analysis: As you see after a drop to the 1.236 Fibonacci extension, the price rebounded aggressively back to the Resistance Zone. What helped us make this accurate projection were the striking similarities that presented early on with the
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META Can cutting 11000 jobs reverse the bearish outlook alone?
- November 10, 2022
- Posted by: Tradingshot Articles
- Category: Stocks
The news of a 11k jobs cut had an immediate bullish impact on the Meta Platforms Inc (META) stock, helping it break above the 100.00 barrier again. Today’s much lower than expected CPI number is also adding fuel on this rally but can those alone push the price out of the death spiral it
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BITCOIN Inflation down -0.5% a 9-month low! Is it truly Bullish?
- November 10, 2022
- Posted by: Tradingshot Articles
- Category: Cryptocurrency
Bitcoin (BTCUSD) is having an initial bullish reaction before the U.S. session opens following a more than expected -0.5% drop on the U.S. CPI to 7.7% from 8.2% in the previous month. This reading beat the forecast by 0.3%. Is a drop to inflation truly bullish for BTC? To answer this, we should look