Here we see our 1 day VRA BTC chart on Kucoin .You can see VRA is already inside the Daily Ichimoku Cloud and gone to the top of it . Now there seems to be some slight retrace and we will probably have consolidation and eventually we will break up out of this Cloud . When though ? Well you see that blue rocket ship on my chart ? That is approximately where our...
Here we see our FET daily chart from Binance . You'll notice we are about to have a very Bullish event on this chart ! The Golden Cross . What is a Golden Cross ? Well,that's when our light blue 50MA ( or 50 week moving average ) is going to cross up and go through our dark blue 200 MA ( or 200 week moving average. ) These are long-term moving averages and are...
$BA has looked good of late. Closing above 200MA. If you're looking for confirmation you could wait until the 50MA cross up above the 200MA as a buy signal. It will likely be a buy signal for a lot of people. But I wouldn't fault anyone for jumping in now. Definitely seeing some accumulation volume as well.
Technical View
LINK has a crucial moment approaching with the 50 MA bouncing or falling through the 200MA.
Macro View
I am taking a neutral position in the trade for the time being since I take the view that uncertainty in the equity markets will lead to contagion in crypto. The bull case for equities is for the passage of stimulus or a Trump win while the...
- Overall uptrend on higher timeframes
- Potential cross of 200/50MA?
- Small drop to reject 200MA and 0.786 FIB for an entry
- Higher highs/lows forming
At first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden...
NZDJPY is one foot on the path to strong daily resistance (dark blue). It stopped there twice and it also respected the level in history. Let us see what it does. I would like a little bearish Monday opening to get a good price and kickstart the upwards move mid-through the day.
Pinbar makes it unlikely to get 50 EMA price, but on an intraday basis, a good long...
- H&S formed, and price broke through it
- Want a pullback to the 0.382 FIB which is
around the neckline area
- That would line up with the 50 and 200MA on
the 1HR
- Rejections of those would be a good indication
to go short
- Strong bullish candle on the daily, with a break
of the 50MA
- Break of descending trendline on the 4HR
- Looking for pullback to 0.382, ideally further down to the 0.618, lines up nicely with the MAs on the 1HR and 4HR
- Higher highs and higher lows
- Pullback to the ascending trendline which lines
up with the 0.382 FIB and 50MA
- Rejection of this would also line up with 1HR 200MA
Following the break of the previous ascending TL, we saw some short term bearish moves,
but failure to close below the 200MA
We have since had higher highs and lows created, forming a new uptrend.
Looking for a pullback and retest of trendline, 0.618 FIB and 50MA before going long
