On a 2H chart, the index has had a 125% trend up since October averaging 25% per month but accelerating. I wanted to see if there are any signs of an impeding correction given the uptrend's duration. The past week added about 10% which seems unsustainable. The RSI is not yet in high overvalued /bought territory but is on the approach. The predictive...
Simply Trend break is seen in Whole Crypto Index. For now fibonacci 0.5 level seems to be the support of NCI. If it rebounds from 0.5 level then Ethereum and Bitcoin make new ATH.
The NASDAQ Crypto Index has broken its neckline resistance on higher time frames (1D) and is currently holding above it with more than decent strength. The cup and handle pattern that could be starting to form after this breakout is probably the most significant indicator of what we can expect from the market in the next 3-4 months. If we see successful...
Chart speaks for itself literally; check the text. Please visit the #NCI channel on CEO.ca and search for my username #woodywoodland then check posting history to find more extensive DD. Currently working on a large scale, professional write up for dissemination on Monday. This is a turnaround story at a very important inflection point.
This could setup to be a big 2x or 3x move coming. $NCS is a metal building company and owns lots of components and products used by other companies. They had a big merger and are re-branding to Cornerstone. This will be huge for the company, and with steel prices looking to rebound a reversal is setting up nicely. Also, weekly bullish divergence is occurring (see...
Your main pickle here fellow traders. I believe a clear trade setup is here. Merger with Ply Gem might let this one take off. Green lines are/were uptrend channels, red for downtrend. Brighter colors for more recent/relevant ideas. Setup as follows: Entry below ~$7.00 Exit between ~$15.00-$16.00 - possible taking profits at other levels on the way up (i.e. $10,...