Check the nice Schiff channel on this one.
Great platform/app, great interests, great credit line.
I dont think this one will fail long term tbh.
Its seems to be acumulating now.
Hopefully, preparing for higher flights.
MA5 moving average is a strong indicator on the 1H gold chart. When MA5 crosses a support or resistance line and leaves open gap to the next SUPPORT or RESISTANCE line, it usually hits it. Using a tight stop when MA5 turns allows daily entry and exits.
I am watching for something like this in next 4 months. I think now we are at stage 1 and we will consolidate a little bit here before next move to the upside. Probably this stage 1 bottom could be around $43k in my opinion and next move could be around end of september or begining of octomber.
Look at Number 1, it was a bounce of that spot. Number 2, we just did that a couple days ago to match that spot earlier this year. We will go down to bounce on Number 3.
Then up top at Number 4, I threw in a 'bear-trap' because that is an obv. place for one to be. Some of us know Bitcoin loves to throw those out before 'mooning' and since it WOULD be a real...
KNX is setting up here with a really nice long term base, cracked the 50 level last week. Was that the level it needed to make another move higher? Time will tell. Following IYT as well and the possibility of it bottoming, if it does, we should see significantly higher prices here
Descending highs and lows with obvious liquidity pool below make me think that we still may see correction movement.
When price reaches blue POI, I would look for future long confirmations and make first large buys.
SHIB is currently by far one of my favourite coins. I don't have that much, but it's a good amount to be happy.
Anyways, let's take a look on the MACD and STOCHRSI. The Daily and Weekly do not have enough valid Data Points to give us any hints where we are and where we are going, but what we have on the 4h is a strong indication that we might head down to the...
Beware of the 100ma and 200ma that are about to cross. I know that Moving Averages are so called "Lagging Indicator', but see it for yourself. This could turn even more bearish and might confirm the actual bearish bias even more. This does not mean it stays that way for another 2 years, no. This is just what we have to expect after the long bullish trend we had...
ETH is currently moving up a Rising Wedge pattern on the charts It has tested the daily resistance a few times without a clear breakout The Trend line indicates where ETH has previously attempted to break out but has failed
My position is that ETH will either try to break the resistance again as it heads to the top of this Rising Wedge pattern OR it will fail to...