One other week, one other probability to make income from completely different property!
Right this moment we’re taking a look at Meta, Solana, and USD/CAD’s each day charts.
What do you consider these setups?
Meta Platforms, Inc (FB): Day by day
Hollah in case you’re buying and selling Meta! FB began the 12 months getting rejected from its 350.00 highs and now it’s nearer to the 290.00 ranges.
Countertrend traders can take cues from the descending channel help and the bullish divergence-like sample on the each day chart.
Alternatively, the 100 SMA has also just crossed below the 200 SMA. Which means a longer-term reversal is on the desk!
What do you assume? Which method will FB go?
Solana can’t appear to catch a break after dropping from its 240.00 highs in November!
SOL/USD is now consolidating in a attainable bearish pennant after seeing bearish candlesticks final week.
The 80.00 – 85.00 space is one to look at for SOL hodlers because it’s close to an space of curiosity from August 2020. With SOL/USD poppin’ up a divergence on the each day, you possibly can guess that at the very least some bulls are checking it out.
If SOL/USD breaks above its present consolidation, nevertheless, you then finest be watching the 150.00 ranges near the 200 SMA on the chart for revenue targets.
A trend line help and the 200 SMA did an amazing job of preserving USD/CAD bears at bay earlier this 12 months.
However can the bulls keep their momentum? USD/CAD is thiiiis near hitting the 1.2900 ranges that had held as resistance at the very least FIVE occasions since late 2020.
Greenback bulls can reap the benefits of USD/CAD’s sturdy bullish candlesticks and purpose for an precise check of the 1.2900 resistance.
In the meantime, USD/CAD bears can look ahead to the primary indicators of sustained promoting earlier than betting on one other journey all the way down to the development line help.