bradc1984

I've highlighted a major area of resistance on Coinbase going back 4 years to 2021. Was above the trendline earlier in the week and is now getting rejected. Good short opportunity. Will monitor this one. I just bought some CONICoinbase is back up today in the same area it was in yesterday before getting rejected. It needs to close above the orange line on a weekly basis to stop out of the trade, continuing to holdNow consolidating above the trendline, trade closed

As you can see in the second photo, LTC has been holding this trendline as support for almost a decade, as far back as 2017. LTC still has a few weeks left to fall but once in comes down in between these 2 major weekly trendlines I have drawn, I think that's as far down as it will go, and we should see a major bounce.

As you can see ETH has been trading inside of this rising channel since the beginning of May. Rising channels favor a break to the downside, I've also highlighted some bearish divergence on the RSI which also points to a move down. The orange lines are long term weekly trend lines. The bottom orange line connects the 2022 lows through to the April lows, if price breaks down, expect a retest of the underside of the channel before moving down to the orange line around $1435. This would only be the third hit and third hits rarely breakdown. If it defies logic and breaks out above, look for it to move up to the top orange line around $3600, which connects the 2021 bull market highs through the march 24', May 24' and December 24' highs. If it comes into this area, it would be a 5th hit of a major weekly trendline, 5th hits have a very high probability of breaking out to the upside, if this happens it would be very bullish. In this scenario I would expect ETH to come down and test the top of said trendline as support before moving to new all-time highs. A Fibonacci retracement from the 2020 lows to the 2021 highs would put new price targets at $6,670 at the -0.382 as well as $7,800 at the -0.618.ETH has now broken down below the channel as anticipated. If we get a daily close below the channel, look for ETH to come back up over the weekend and test the underside of the channel as resistance and get rejected, it may even form another bear flag below the channel for the next few days but eventually ETH should come down to test the orange line as support. This would be a roughly 42% fall from current levels. If the orange line fails I have a secondary weekly trendline also in orange just below the first one, this would be a secondary area of support. I anticipate ETH to bottom in between the 2 orange lines.The situation with Iran has gotten worse and the US has dropped bombs, as a result, ETH is not challenging the underside of the channel as resistance and is instead coming down into my support area which is the take profit zone. My charts predicted there was going to be bad news once ETH broke down out of the channel. News never predicts charts, charts always predict the news.Breakdown failed, ETH is back in the channel. Closing the trade, ETH should see a big move up because failed breakdowns often result in big moves in the opposite direction

This will not be a popular opinion and that’s okay. The charts don’t lie and you can see it is into major resistance, highlighted by all the red arrows when it got rejected. It’s now broken down from a rising wedge which also lines up with said major resistance. I’ve also highlighted bearish RSI divergence, too many factors here for NVDA to keep going up. Could it break through? Of course it could but you have to look at all these factors I’ve highlighted and ask yourself what are the probabilities that it goes down here? High, very high and you want to take trades that put the probabilities in your favor.NVDA has now cleared resistance, New ATH inbound. Trade closed

Amazon is now in consolidation mode right below the 200MA which also happens to line up with a previous area of resistance. As long as it continues to consolidate below the 200MA, look for another leg down. If it breaks above the 200MA and closes an entire candle above then that would cancel the bearish set up. Nothing good ever happens below the 200Its been a few months since I updated this one. Over the past few months, Amazon did indeed come down and has since been forming this nice bearish wedge pattern and broke down below it this week and tested the underside of the wedge a few times as resistance before getting rejected. A measured move of the bear flag/wedge puts a price target at around $130 per share. I drew a Fibonacci from the swing high to the swing low and the -0.382 Fib level also lines up with this area. I love how these levels and trend lines all seem to line up with each other giving me added confluence of the trade.