The technical chart suggests that Algorand (ALGO) has the potential to tag the $1.00 milestone again. The downswings since February 8 can be confined within a descending channel, with the swings getting shorter in magnitude and the momentum drying out.
Algorand Descending Channel
After reaching the lower support trendline, the ALGO price bounced, and we're now...
Tron (TRX) flashed the golden crossover signal, which is widely considered a technical buy signal. The bullish case scenario for this cryptocurrency is also supported by the higher highs and higher lows price structure which signals that an uptrend could be developing.
Golden Crossover Signal
Most traders only learn to follow the 50 and 200 simple moving...
Cardano (ADA) has the potential to fall as low as $0.50. A major reason for this bearish scenario is ADA's descending channel, which the bears may try to tag again. This will be a classic break and retest price structure.
Descending Channel
A descending channel pattern has formed on ADA's daily chart, starting with the price falling from its all-time high of...
Although Bitcoin does not currently bounce from the lower band of its newly formed channel, it seems that it will exhibit a steady rise towards the upper band of the channel in the short term. Although the daily and weekly stochastic relative strength index shows a negative stance, the 1-hour and 4-hour stochastic relative strength indices seem to indicate the...
Bearish momentum seems to have stalled out. Even when looking back to 2018 and how we dumped at similar relative levels--we have yet to see much of a bullish shift in perspective, even with rising prices. This could be signaling some sort of bear trap. When you look at things from a perspective of strength--I am not convinced that bears have the strength at this...
Overall trend on a daily timeframe is downtrend forming a descending triangle (black line).
the major support line (0.78% Fibonacci retracement level is the $0.5546
on the other hand we are looking for a divergence where the "ASCENDING TRIANGLE" is forming. If it hold, price will breakout of the descending triangle and touch the nearest "local resistance" (black...
For the moment, this is only an early indicator of a potential bearish price movement of BTCUSD. DXY is showing strength, while BTCUSD is also showing some support at levels 38k to 41k USD. However, DXY is outpacing BTCUSD, and because BTCUSD/DXY^2 is showing some signs of weakness, and re-testing historically bearishly on the 3-Day 200 SMA for BTCUSD/DXY^2, it...
I hate talking about water under the bridge, but this time I will bring up the case of NKE. What I am disgruntled about is that I I didn't head my own (documented) thoughts on NKE that I had posted on Jan 19:
Depending on how you look at it, there has been 4 times that puts below 144 would have worked out wonderfully. The time, I thought I push to 135 would...
This script provides a way to see a EMA/SMA cross for a idea on the general direction the ticker is moving.
I like to use EMA 8 / SMA 20
The script has the option to hide labels or the table.
If the chart is higher then the Timeframe, it will hide the labels to not clutter the chart. Right now it is not dynamic so TF needs set to minutes, TF2 to hourly and TF2...
So good evening everyone I have a trade idea for US30 as my trades have been getting better and better I see a divergent on US30 as we speak possibly going to the upside with a regular divergent and to the down side as a hidden bear on the lower timeframes as price is below my 200, My 21, 50 and 100 SMA are all separated and moving downwards so I am only looking...
Similar to BAT chart I posted recently, but this one didn't break above the resistance trendline yet. Indicators high so watch for pull-back or retest entry. Support is tested more times in the past so we may assume that this will be bottom. (If king do not throw some more s..t at us by dumping more). Set alarms. Good luck traders
Bitcoin (BTC) world’s biggest cryptocurrency, started the new year stuck in a very narrow trading range shy below the considerable psychological number of $50,000 and near the critical 200-day simple moving average. The two key factors that can signal we’re bottoming out are:
1. A break above the 200-day moving average
2. RSI break above mid-level 50
Momentum...
Long $RVLN CMP $83.21. Nice uptrend. Support around $$75 area. Recent breakout from the support area. Stock has seen some good positive movement after recent earning report. MACD green but little fading, maybe due to recent market sell off. Taking support at 20SMA. Target $92 area.
