SCYX
Big picture: it is currently in uptrend channel. Higher highs and lower lows, tightening pattern.
Smaller picture, its underneath EMAs, so that's a bit concerning. But volume looks to be increasing more steadily.
A bit of fundamental analysis, the results from one late stage study should be out this month with positive results so that will be a huge contributing factor. Will probably spring out of this tightening pattern to upper areas in the big picture time frame.
Some chart info:
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300
Bottom indicators are:
RSI (14, CLOSE)
Stoch RSI (3,3,14,25, CLOSE)
Stoch (5,3,3)
ADX and DI (14,20)
Comment:
Here is a recent update. Smaller timeframe action for swing trading. Previous price action was rowdy. Maybe scratch most of that off. I'll keep it more simple. These are my predictions.
Blue box: buy
Red bigger box above: sell
God bless
Here is a recent update. Smaller timeframe action for swing trading. Previous price action was rowdy. Maybe scratch most of that off. I'll keep it more simple. These are my predictions.
Blue box: buy
Red bigger box above: sell
God bless
So price dipped below previous lows in black box for a bullish SFP (swing failure pattern). It is also sitting on support of bottom of uptrend channel (now in blue to help not confuse from purple downtrend channel).