Welcome back traders, Bitcoin has been all over the place lately. The bulls are holding out strong, receiving support from the 21 exponential moving average(EMA) at $8,221.40 on the weekly. It is likely not a coincidence that we saw trend support at $8,233.00 the week of October 14, 2019. A weekly close above the 21EMA is crucial for the continuance of BTC's...
Hello Traders! Today’s chart update will be on LTCUSDT where a key structural level is being tested, a break will confirm a trend change. Points to consider, - Higher high probable - Structural resistance in confluence with .236 Fibonacci - EMA’s cross bullish - RSI trading in overbought - Stochastics in upper regions - Volume increasing LTCUSDT has a...
Hello Traders! Today’s chart will be on BTCUSD which is testing a critical level where a break bullish can negate this long weekly bear structure, as the lower high trajectory will be broken. Points to consider, - Weekly trend bearish - .50 Fibonacci as resistance - EMA’s as support - Stochastics in lower regions - RSI hitting resistance - Volume...
Hello traders, Today’s chart update will be on CGC where a trend chance is upon fruition if key levels are broken (Inverse head and shoulders still valid from previous chart – linked) Points to consider - Higher lows evident - Major support at POC - Structural resistance yet to break - Stochastics in upper regions - RSI bouncing off support - EMA’s holding...
The weekly chart for Mylan has broken out from a bearish trendline this week. We can see from the VPVR that there is not much volume resistance at these prices either. There is also a bullish divergence on the RSI. Relative strength has begun to improve too. The price still needs to clear both a 50-EMA & 200-EMA & bulls would want to see a golden cross occur in...
1.07$ and 0.85$ price level are important for Grin. Average of these level is 0.98$ according to VPVR. BELOW 0.98$ level can be the best buy oppurtunity for Grin. Buy : Between 0.98$ - 0.85$ Stop Loss : 0.75$ Take Profit1 : 1.65$ Take Profit2 : 2.80$ Take Profit3 : 4.16$ R.R: 4.5 This is not an investment advice. Investment is your own choice.
Hello Traders! Today’s chart update will be on EOSBTC with a potential daily trend change coming to fruition. There are key levels that must break for further confirmation on a bullish bias. Points to consider, - Trend putting in higher lows - EMA’s turned support - Local resistance being tested - Volume declining - RSI approaching resistance...
Bitcoin on the higher time frames created a bearish formation on the lows. on the 2D it's a Triangle which the measuring point would be the bottom trend line (Macro descending channel) . The 2D SMA 200 could be a Support but I don't think it'll hold. Then there is the bottom horizontal support line. It could bounce on there even it can go through and ...
Fastly has been consolidating on the weekly chart since early November. We are now seeing the Slow Stochastic exit an oversold condition while turning positive for the first time on the weekly chart. I would like to see the RSI finally get back above 50 & hold but I placed a Note icon to point out how to potential bottom had a lot of volume behind it. The price is...
Hello Traders! Last Day of the decade! Bring on 2020! Today’s chart update will be on LTCBTC which has broken a key technical level and has consolidated- S/R Flip. A confirmed trend change will come to fruition when structural resistance is broken, Points to consider, - S/R flip - Strong structural support - Strong Resistance to break - RSI respecting...
Welcome back traders, Bitcoin is ready to retest $7,520. We have reclaimed the 100MA, and the 50MA should soon follow. If it can reclaim $7,520 we can expect minor resistance around $7,800. After, we will see the most significant point of control on this chart, between $7,950-$8,000. Relative strength index is just above 40, is in a good spot for outbreak as well.
12H chart shows a potential rising wedge pattern. Daily close below 590 is really bad sign for bulls.
The weekly chart for the iShares Silver ETF shows how it has been pulling back from its recent highs back in early September. The stock broke down in early November but was able to find support along the 50-day EMA line. It has managed to break out again this week as it nears volume levels that will not be able to hold much resistance against the price. Continued...
Hello Traders! Today’s update will be on ADAUSD, testing a critical level as it comes close to its apex, a move is imminent. Points to consider, - Bearish Trend - Major weekly support being tested - Local resistance to break - Stochastics in lower regions - RSI respecting trend line - Volume declining - EMA’s giving price resistance ADAUSD has been in an...
Hello Traders! Welcome to another chart update, Today’s chart will be on Stratis which has broken a key structural resistance level, now potentially support upon a retest. Will Stratis continue with this bullish bias? Points to consider, - Daily trend change - Key structural resistance broken - Stochastics trading in upper region - RSI in upper region...
Weight Watchers has pulled back recently where it seems to have found support along a previous resistance level, the 50-day EMA line, & the VPVR heavy volume bars. The RSI indicator is above 50 & WW has shown some relative strength the last month or so. I am focusing on the first two price targets noted on the chart. We'll see if it ends up having enough to get...
Hello Traders! Today’s chart update will be on IIPR – Innovative Industrial Properties INC where bulls are attempting to put in a new higher low, a trend change may be coming to fruition. Points to consider, - Potential new higher low - Structural resistance needs to break - Support in green zone - RSI respecting support - Stochastics projected upwards...
Hello Traders! Today’s chart update will be on ACB – Aurora Cannabis INC, which has been in full control by the bears, currently it is testing a key support level that must hold… Points to consider, - Strong downtrend - Major structural support being tested - Local resistance at $3.50 region - Stochastics projected up - RSI close to testing resistance...