Digibyte has done nothing to show that its about to reverse its downtrend yet, however we are starting to see the inklings of a possible double bottom forming. This is still so early in the pattern that its almost pure speculation on my part at this point. You should never try to trade a pattern until it has confirmed either a breakout or a breakdown. Although...
Unlike the tezos, and algo inv h&s patterns which ended up being takeouts and have now been nullified, the ltc inv h&s seems to still be legit and is currently attempt to validate its breakout. We can also see it is just 1-3 daily candles away from its golden cross adding bullish confluence to this breakout. The breakout target had to be readjusted slightly lower...
As we can see stock is not very bearish as per volume fall and price fall.
Stock trading above 20 50 100 200 ema on the day
on weekly and monthly chart double bottom formation
a bullish crossover on daily and weekly
Golden crossover on 20th Oct
1st-time breakout attempt with heavy volume but can not sustain about 175
2nd-time breakout rounding bottom with good...
AS WE CAN SEE AFTER THE GOLDEN CROSSOVER ON 19TH AUGUST STOCK RISE 17% IN JUST 5DAYS
You can plan to enter on a given level. if you entered already you can exit if you want to, on a given level based on price action
educational purposes only!
After a huge plunge in Dec 2021, RETA had been consolidating in a wide range for the past 11 months. It's 200 day moving average has begun to flatten out since 27 September and the stock has also started to trade above this moving average since 14 Oct. The 200 day moving average have been tested a couple of times since and has proven to be the support so far (@...
NFLX fell 77% from it's peak before finding bottom @ 162.71 on 12 May 2022. It began to trade sideways for the next few months until it propelled out of this range on 20 July after earnings beat. After this, it again traded sideways in this new higher range for the next 3 months until another earnings beat on 19 October that finally propelled it above a rather...
Dropping this idea for a good TV buddy here who was about to shart it.
I have no fundamentals atm, just pure TA and hopefully it plays out well for you.
Key Features :
1. Reverse Fib from High
2. 50/200 EMA's heading for convergence / cross over above
3. Pitchfork (theoretical) looking like it wants to fill the upper channel
4. Volume Profile looks a bit...
On our way to hit the 2 targets I posted about previously from former inv h&s neckline breakouts, algo has now brought price action above an even higher inverse head and shoulder neckline. Stoch RSI is pretty over extended at this point so it would not surprise me at all if we see a dip back down to retest the neckline or even a few wicks or a candle close below...
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So we've still got a longer term uptrend and Fibonacci channels seem to be holding fast and true. We still have a pretty strong forecast for a golden cross (50 EMA up over 200 EMA).
With the recent pump we've got two possible fork situations with the nearest term fork taking us lower but the the broader trend would indicate more room for higher levels.
hope you are good
today im going to explain a few about the reasons MATIC skyrocketing these days.
i look this happenings in 2 sides:
first Fundamental News
and second Technically.
"On Monday, deltaDAO, a data economy solutions company, launched its Gaia-X Web3 Ecosystem network upgrade based on Polygon Supernet.
The Polygon team said the...
Just needs to flip the 1 day 200ma (in blue) to solidified support and it should reach both breakout targets not so long after. If it does I’m pretty confident it will see a golden cross in its near future. *not financial advice*
Looking at the weekly chart here to get a better view of this pink triangle’s trendlines. We can’t see on this chart how close the daily charts golden cross is from happening but it appears to be less than a few daily candle closes away from occurring. If this symmetrical triangle confirms its bullish breakout the target is around $11.32- $11.47. Reaching this...
If the golden cross occurs and sustains itself, we should see both of these bullish targets hit in the near future. We are currently above the yellow neckline and would reach the yellow target first. On the way there it would take us above the white channel, and flipping that channel to solidified support would validate its breakout and take us to the white price...
Price action and chart pattern trading:
> The leading diagonal wave with a possible bullish explosive move +50% based on CUP & HANDLE pattern
> The current ENTRY ZONE is considered a strong support at the channel with SMA 20 / 50 golden cross SMA200
> Target CUP & Handle @ 1.618 Fibonacci extension from A diagonal uptrend wave $7.000++ zone.
> RSI bullish above...
Gold Analysis Friday 28 October
Thursday Gold performance: Gold opened at $1664. made high at $1670 and low at $1654. Gold daily closing was at $1663.
Today, Gold opened at $1665. Support is at $1649 and Resistance is at $1680. Trend is Neutral.
Fundamental events today according to Pakistan Time.
05:30 PM, US CORE PCE PRICE INDEX
07:00 PM, US Inflation...
Despite the volatility, TOST is still showing superior relative strength to the market, now trading 66% above it's June's low of $12.
A golden cross (50day MA crossing above it's 200day MA) might be happening soon, plus it is also trading close to the neckline of now a more apparent inverse Head & Shoulders Base.
Perhaps these are signs that earnings (expected...