Hello, everyone.
Today I bring you the latest on hot U.S. stocks and cryptocurrencies:
SILVER $Silver - main 2309(SImain)$ - Strong Trend Line
Strong Trend Line in white for Silver I expect rare metals to perform well if a recession occurs. Price sitting right above the strong trend line. Bullish on this Weekly timeframe.
Structural Similarities - TOTAL2
The formation we are seeing now which is a potential bottom is similar in my eyes to what was seen before the massive moonshot on total2 post 2016 will there be a follow up run? I am very bullish right now on TOTAL2 and cryptocurrency.
SPX $S&P 500(.SPX)$ - Recession
A return to the strong trend line in green Price has risen well above this trend line that is still important Trend Line extends all the way back to beginning. A recession will ensue if a move like this occurs. I have hopes that crypto and rare metals will act as a hedge against the falling SPX.
PALLADIUM $Palladium - main 2309(PAmain)$ - Return to Trend Lines
The green trend line would be the optimal recovery point but the dashed line below is also suitable. Bars pattern showing my thinking of how price will act. The green line is a strong trend line.
ETHUSD - Ethereum Channel
A bull channel present on ETHUSD the orange line has been seen as a point of resistance and strong support Price may touch this a react bullishly as shown with the bars pattern.
NASDAQ $NASDAQ(.IXIC)$ - Weekly Double Top
A double top is forming on the Weekly timeframe for IXIC or the NASDAQ this has been seen before which is shown with bars pattern tool and prior top Bearish on this timeframe
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