We expect further upside on this pair, signalled by the key level breakout. We can also see a change in market structure from bearish to bullish which supports our directional basis.
OANDA:XAUUSD Timeframe: M30 Fibonacci level: 38.2% Resistance Trendline Candlestick analysis: Bearish engulfing Stochastic (9,3,3): OVB EF Tunnel: Short Daily Zone Volatility: Downtrend in M15, M30, H1
$CROX suffered at -36% decline from its peak in 2 months, deflating its rising 10/20MA but leaving the 50 and 200MA intact. interesting to see $CROX supported by its Q2 post earnings pocket pivot at $120 with 2 hammer bar this year. pretty for a mean reversion setup
This looks like a nice technical setup for mean reversion coming straight out of an overreaction. The volume by price range shows the 3 clear points with a lot of price memory. Most holders that haven't sold will feel they are owed money and be looking to relieve the tension of the loss at those points.
Should continue to see normal growth from $neo against the $usd Twitter: @AzorAhai06