I will have to wait for further confirmation. For example the first impulse. I think it's early and will have to watch out over the next couple of weeks what develops. If price breaks below. it means structure has changed and it Becomes invalid.
***Disclaimer: 'The above references an opinion and is for information purposes only. It is not intended to be...
The news release from Tinley today was enough to test the resistance level at roughly 85c to 86c, which is the top of an Ascending Triangle!
It would be nice to see Tinley break through this resistance flush tmrw, Friday, or possibly next week & consolidate above the Ascending Triangle.
There's not much resistance until 1.13$ CAD if Tinley can breakout of this...
TSXV:RIV appeared on the screener for MACD Crossover play. Looking further into trade setup we can see that it found similar support as back in early January with the exact same indicator buy signals.
MACD Crossed over
Stoch and RSI at healthy levels
ADX curve has a fantastic trend strength
Wave trend oscillator showing a buying opportunity just a few days...
Looks like some residual buying pressured forced LABS up to another daily higher high, before triggering expected profit taking. Levels on watch, but I would not want to be holding any position right now. We may see some healthy and reasonably overdue consolidation, perhaps looking for some FIB levels in anticipation of lower lows and lower highs.
The bears can't seem to get any followthrough with this bear flag. Big bull volume today with next to no pullback. MACD is about to cross bullish and an ascending triangle is breaking bullish in the RSI. If it can break above the resistance line around 3.70 and hold above the 12 day EMA, this could be a good time to enter long.
Supreme Cannabis company... touching the cloud, already did the up, second up, just waiting for the awayyyy!
FIRE is sitting just under its September avg of $2.32 and about to bounce off its support around $1.82.
If it continues to dip below and drop out of the cloud then its going the other way..otherwise watch for this to maybe even break out over the $2.32...
It appears as though Neptune Dash is trading in an Ascending triangle.
With the momentum in the cryptocurrency space right now, especially Dash breaking out of an Ascending triangle itself recently, I'm expecting to see this pattern end bullish. Dash is likely to find support well above the ascending triangle breakout at around $98.00 USD.
Time will tell per usual.