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Some indicators are lines that could potentially spoil...
I was given a tool today to check out "news" and events for all sorts of cryptocurrency coins/projects. After looking at Legends Room, I can see the team behind this project is organizing an event/meet up in Las Vegas tomorrow (13th Jan). So, is this going to make our trade stronger? Will this help move the price or build up momentum? If yes, then we'll take it....
On April 3, 2017, the Las Vegas Sands Corp. (NYSE:LVS) 20 day moving average (MA) crossed above its 100 day MA while its 50 day MA crossed below the 200 day MA. Both events have never occurred on the same day. Historically the 20 MA has crossed above the 100 MA 18 times. The stock has a minimal gain of 0.157%, has a median gain of 5.899% and maximum gain of 72.847...
The potential Gartley pattern will complete at 51.5-52.0 levels and the D of the AB=CD pattern also locates at this zone.
Meanwhile the market is moving in the Vegas channel.
So it may be good to sell short at 51.5-52.0 levels when bearish candles appear.
TP2:40 and further more
Seems like no frost in Brazil. It was a busy weeks last week and throughout the weekend with fears a frost could hit coffee areas. None has been confirmed and worst fears did not play out.
Once all of this is digested I expect some downside opportunities as the market goes back into trading technicals rather than emotions.
Quite oversold and we saw sell...