SwingTraderPhilTV

🥊Ethereum ( ETHUSD ) continues the bearmarket: 🔎Analysis summary: Just over the past couple of weeks, Ethereum has already been correcting about -40%. This happened due to another failed all time high breakout sending prices lower. And Ethereum can drop another -30% before it will then retest a major confluence of support. 📝Levels to watch: $2,500 and $ 2,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

💣Nvidia ( NVDA ) is now creating a top: 🔎Analysis summary: Just a couple of days ago, Nvidia perfectly retested a major resistance trendline. Always in the past, such a retest was followed by a major move towards the downside. Therefore, Nvidia is preparing for a major drop, which could lead to another -25% drop in the future. 📝Levels to watch: $180 and $140 and $100 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🚨Gold ( GOLD ) won't create new highs: 🔎Analysis summary: All the way back in 2019, Gold confirmed its rounding bottom formation. This breakout was then followed by a major rally of about +200% over the past couple of years. But at this moment, Gold is retesting a major resistance trendline and will therefore end its bullrun. 📝Levels to watch: $4,200 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🪄Ethereum ( ETHUSD ) will soon reverse: 🔎Analysis summary: Over the course of the past couple of months, Ethereum failed to create a new all time high. So eventually, we will see a bearish reversal and a major move lower in the future. The bullish triangle remains valid though, so it will be a major buying opportunity then. 📝Levels to watch: $2,000 and $4,500 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🪄Ethereum ( ETHUSD ) is falling apart: 🔎Analysis summary: Just after we witnessed a lot of bearish confirmation, Ethereum is perfectly creating a major move lower. Keep in mind that after such a strong move lower, bearish momentum usually continues. And it always takes time for such a move to reverse towards the upside. 📝Levels to watch: $2,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🏹Tesla ( TSLA ) can still break out: 🔎Analysis summary: Since Tesla was listed on the Nasdaq back in 2013, we witnessed a lot of triangle breakouts. And starting all the way back in 2020, Tesla once again created a bullish triangle. Last month we saw the breakout and this month we have to see the confirmation 📝Levels to watch: $400 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🏹Tesla ( TSLA ) is still strong: 🔎Analysis summary: At this exact moment, Tesla is perfectly retesting the previous all time high. Since this was also the previous breakout level, Tesla has to create a bullish reversal here. If we actually see this bullish rejection, Tesla will head for another crazy triangle breakout rally. 📝Levels to watch: $400 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🏹Robinhood ( HOOD ) will crash quite soon: 🔎Analysis summary: Since we witnessed a major botton on Robinhood in 2023, this stock has been rallying about +1,600%. But always after a major +250% rally, Robinhood corrected at least -40%. Therefore it is quite likely that we will see another similar pattern playing out soon. 📝Levels to watch: $150 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🏹Robinhood ( HOOD ) is just collapsing: 🔎Analysis summary: And just a couple of days after I published the original analysis, Robinhood is down about -10% within a single day. So far this stock is moving according to plan and while a massive crash is quite unlikely, a shorter term healthy retracement is totally possible. 📝Levels to watch: $150 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🔋Cardano ( ADAUSD ) still remains bullish: 🔎Analysis summary: Despite this month's massive crypto crackdown, Cardano already recovered about +100%. We simply saw a perfect rejection of a major confluence of support, pushing price higher. Soon, Cardano will break out of the triangle and a bullish breakout remains rather likely. 📝Levels to watch: $0.8 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🔋Cardano ( ADAUSD ) is holding strong: 🔎Analysis summary: While even Bitcoin and Ethereum are slowly heading lower, Cardano is still withstanding a major drop. So far, the bullish triangle pattern is still holding price, but we can also see another move of about -30% before Cardano will then reverse towards the upside. 📝Levels to watch: $0.8 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🔋Cardano ( ADAUSD ) slowly reverses: 🔎Analysis summary: Being down about -21% this month, Cardano is now approaching a major support area. But if bulls don't step in right now, we will see an immediate drop of about another -20% lower. So far though, Cardano is still respecting structure, potentially creating a bounce. 📝Levels to watch: $0.8 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

⛔️Bitcoin ( BTCUSD ) creates a massive top: 🔎Analysis summary: All the previous cycles on Bitcoin have been lasting about 1,000 days. And exactly three years ago, Bitcoin retested the previous all time high, starting the next bullrun. If we soon see bearish confirmation on Bitcoin, this crypto will lead to another insane bloodbath. 📝Levels to watch: $100,000 and $50,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION⛔️Bitcoin ( BTCUSD ) is still bearish: 🔎Analysis summary: Despite the recent short term volatility, Bitcoin is still starting to create a major top formation. Considering that we already witnessed bearish confirmation on the smaller timeframe, a move lower is quite likely. Just don't get caught up in short term moves. 📝Levels to watch: $100,000 and $50,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION⛔️Bitcoin ( BTCUSD ) is just crashing: 🔎Analysis summary: A couple of weeks ago, we witnessed a perfect creation of the retest of the resistance curve level. After a lot of bearish confirmation, Bitcoin is now creating the expected move lower, starting a bearmarket. This really does not seem to be the end yet. 📝Levels to watch: $100,000 and $50,000 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🧯NVidia ( NVDA ) is finally breaking out: 🔎Analysis summary: Over the course of the past couple of months, Nvidia has been rallying +125%. Considering the market cap of Nvidia, this is already an insane move but clearly not the end. We can still see another +25% from here, before Nvidia will then retest the next resistance. 📝Levels to watch: $250 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🧯Nvidia ( NVDA ) is just collapsing: 🔎Analysis summary: Well, after all this bullish rally, it seems like Nvidia is slowly starting to actually shift bearish. Just keep in mind though that major reversals really take a long time. Therefore another final move higher in the near future is quite expected, followed by a reversal. 📝Levels to watch: $200 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🧯Nvidia ( NVDA ) clearly shifts bearish: 🔎Analysis summary: At this exact moment, Nvidia is starting to actually create a major reversal. While we are currently witnessing a -8% monthly candle, this does not seem to be the end. If Nvidia creates bearish confirmation soon, we could be heading for another -25% move lower. 📝Levels to watch: $200 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

🚀Tesla ( TSLA ) is finally breaking out: 🔎Analysis summary: For the past four years, Tesla has been trading in a very clear ascending triangle pattern. But just last month, we finally saw the expected bullish triangle breakout. Considering all of the previous triangle breakouts, Tesla is setting up for another parabolic rally soon. 📝Levels to watch: $450 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🚀Tesla ( TSLA ) will confirm the breakout: 🔎Analysis summary: Just after all the recent back and forth, Tesla is slowly starting to confirm the bullish breakout. It literally all comes down to Tesla being able to create another push higher this month. Then we will just witness another bullish triangle breakout rally. 📝Levels to watch: $450 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION🚀Tesla ( TSLA ) still holds the triangle: 🔎Analysis summary: This month so far Tesla is down slightly, retesting the previous breakout area. Bulls are still holding major market structure so the triangle breakout can still be confirmed in the near future. If this happens, we will certainly see another parabolic bullrun. 📝Levels to watch: $450 SwingTraderPhil SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION