Stacks has been trading within a long-term Channel Up since the start of 2020 and is about to form a 1D MA50/ MA100 Bearish Cross. This is similar to the Bearish Cross of October 10 2020, which was the cross that paved the way for a 3 month rally. The 1D LMACD sequence between the two fractals is also identical. We should be expecting a bullish break-out by the first week of February.
Great analysis. One question.....there hasn't been a 1D 50MA/MA100 Bearish cross yet this month????? On the last two breakouts after the 1D 50MA/MA100 Bearish crosses, there was bullish divergence on the LMACD. I don't see the bullish divergence at this time. I think you are on the right track but breakout might be a little more delayed. The bottom is usually 20-21 days after the 1D 50MA/100MA bearish cross and the breakout about 24-26 days after the bearish cross. The 1D 50MA/100MA bearish cross hasn't taken place and the bullish divergence hasn't taken place either. I think this is a ways from setting the bottom which I think will be around $1.73-$1.83
kimstandgraph
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Nice work
DeFeye
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Great idea!
sbahrcrypto
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All these pumps are shorting opportunities! The last pump to push shorters out for a multi month downtrend! Yes from fractals they might look similar but from cycle stand point we are not where we were before!