ChartScope

ChartScope

What’s Bitcoin up to? Exactly what we feared. It’s completing the bull flag with a final test of the lows and potentially a bounce at the 200 EMA to reach new heights in the coming months. Why do we think this is a good reversal point? First, the 200 EMA, which hasn’t been tested since October 2023, is a bullish sign. Additionally, the highly oversold conditions...

ChartScope

Indices Futures Let's start with the indices futures. Gravity is pulling towards the rising trendline, which is a healthy move for the market and its indicators. The RSI for the NASDAQ on the daily chart was over 82, a level not seen since January 23, 2018. Similarly, the SP500 futures are taking a short pause, much like in March 2024. It's moving clearly within...

ChartScope

Indices Futures Let's start with the indices futures. Gravity is pulling towards the rising trendline, which is a healthy move for the market and its indicators. The RSI for the NASDAQ on the daily chart was over 82, a level not seen since January 23, 2018. Similarly, the SP500 futures are taking a short pause, much like in March 2024. It's moving clearly within...

ChartScope

Was waiting 1 1/2 months for the dip to fill the gap. This should be the correction wave 2. Bought it on Wednesday at around $4.30. Tesla broke out today of the bearish trend to the upside. This will push the EV Sector. The next target for NYSE:NIO is 10-13$.

ChartScope

Nasdaq's Mixed Signals At a glance, the Nasdaq looks robust, but if you remove the influence of the MAG 7 (the biggest tech companies), the landscape changes. Take NVDA NVDA -1.01%↓ , for example, which gained an impressive 7% yesterday. This is largely due to the upcoming 10:1 stock split on June 10, 2024, which is driving market enthusiasm. However, we urge...

ChartScope

The Dow Jones and SP500 CME_MINI:ES1! support our thesis, with the Dow closing below the 50 EMA yesterday. For both indices, the 2021 ATH is a critical short-term target, offering a chance to catch our breath before the final push. Meanwhile, the VIX, though currently low, made an intriguing upward move yesterday, indicating a potential shift in market...

ChartScope

ETH INDEX:ETHUSD presents a clearer picture. After breaking out of a falling bullish flag pattern, a retest is likely, making the $3,200 to $3,400 area an attractive entry point for new investors. The timing of this move will likely depend on the highly anticipated ETF approval, though we urge caution due to the potential for a "sell the news" event, similar to...

ChartScope Updated 

CRYPTOCAP:KAS enjoys the peace and quiet around him until it starts pumping again. Many people are anxious because they have bought higher and are now doubting or selling. This will be a fatal mistake looking forward. This will test the longest support line until it is time to send the thing to the moon. Our first overriding target in the next 2 months is clearly $0.60.

ChartScope Updated 

NYSE:WELL is in a good position to become a frontrunner. The last few weeks have seen resistance taken out. this sets us up for the next two. The next one is at $0.0635 and then there is only one more, the wick top at $0.346. That would be the end of the cup, only the handle is missing as consolidation. After that, the 4.618 fibs should be approached at $1.59 in...

ChartScope Updated 

In the ever-evolving tapestry of the tech industry, few narratives are as compelling and full of potential as that of NVIDIA. This narrative is not just about technological innovation but also about strategic foresight and financial acumen that has propelled NVIDIA from a post-2022 low to heights reminiscent of the dot-com era's most storied companies. Yet, unlike...

ChartScope Updated 

Introduction: The Resilience of Coinbase NASDAQ:COIN Originally, this article was slated for publication several months ago. We've been keen observers of the market dynamics from the beginning. Recently, there has been a significant downturn, yet for those who understand, this has not been a deterrent. Instead, it highlighted the efficacy of Dollar-Cost...

ChartScope Updated 

Since our initial investment in Marathon Digital Holdings NASDAQ:MARA in early October 2023 at $7.31, the landscape has dramatically transformed, propelling Mara to a striking $33.77. However, the journey hasn't been devoid of challenges, notably the three-month sideways movement troubling the stock and a pervasive sense of FUD (Fear, Uncertainty, Doubt) among...

ChartScope

In the world of trading, understanding the subtleties of stock movements, such as those of a giant like Apple NASDAQ:AAPL , can be both intriguing and lucrative. Since June 2023, Apple has shown a peculiar pattern of sideways trading around its all-time high (ATH) from early January 2022. Currently, some may interpret the chart as suggesting a downturn, with...

ChartScope Updated 

In addition to INDEX:BTCUSD , INDEX:ETHUSD is also showing a short-term downward trend in a bull flag. This is very bullish on the whole, but in the short term, it should bottom out again to shake off the bulls in the leverage. Ethereum has always provided a clearer chart than Bitcoin and is also moving towards the gaps and volumes. Ethereum clearly shows on...

ChartScope Updated 

got me one time on the bearish side short term :) INDEX:ETHUSD Ethereum looks primed for doing this bull flag short term after the market overall turns bearish today with CPI News. We know that Inflation peaks seasonally in April so let's do some health for crypto and the Indicators and heal on the way up! :)

ChartScope Updated 

Introduction: After prolonged sideways movement throughout the bear market, Chainlink ( COINBASE:LINKUSD ) experienced a notable surge, rallying from $4.8 to a peak of $22.9. This rally included extended periods of lateral trading, eventually reaching a critical resistance at the 4.618 Fibonacci extension level. Such a vigorous move typically warrants a period...

ChartScope Updated 

Dear Readers, In the wake of yesterday's return of fear to the market, today we turn our attention to the weekend forecast. Wouldn't it be a refreshing change if, after so many long positions were liquidated in INDEX:BTCUSD , the weekend could bring a shift where the shorts are next in line? Based on the liquidation heatmap, there's a significant cluster of...

ChartScope

INDEX:BTCUSD is currently moving sideways, which is a good sign as it is stabilizing the indicators. It is also liquidating everything that can be seen in the liquidation heatmap. The latest trends show that another low is more likely to come next week, in line with the CME_MINI:ES1! and CME_MINI:NQ1! stock indices. Therefore, we are prepared and ready to...