AlexColeUSA

AlexColeUSA

Recovered some major ground. Daily RSI got back over the 50 and the weekly RSI put in a higher low along with getting a price close over the AVWAP. Most likely will come up to golden pocket before rolling over again if it does. If it breaks the over price trendline and weekly RSI gets over the 50 again, a longer rally may be due. I think that after inflation data...

AlexColeUSA

Currently breaking out. ETH back over the AVWAP along with BTC back over 20k. No daily close on these levels yet, but the price action looks strong. Going into the ETH merge I think it will pick up some momentum in the next week before retracing as the macro environment is awful. Daily RSI has room to push up to the mid 70s on ETH before going back down or...

AlexColeUSA

Consolidating for the past week after it broke 20k. Daily MACD possibly crossing back over soon, but RSI on daily and weekly are extremely bearish. Expecting price to take out the lows and put in strong bullish divergence before the next major move higher. Crossing the weekly RSI downward trendline would be a good sign of a break to push higher with higher...

AlexColeUSA

Weekly RSI has now gotten a second weekly close underneath the 50. Daily MACD rolled over extensively already. Weekly MACD pulling back and coming down for a possible cross in the coming weeks. Price got rejected off of VWAP on Friday and ended up closing beneath bear flag. Weekly RSI may come down and take out the lows while putting in bullish divergence on the...

AlexColeUSA

Shorted at 1835 as BTC was leading the way. RSI pulling back on the daily as is the rest of the market. Looking for a continuation down if it breaks the daily RSI support line. Weekly is ultra bearish along with the rest of the markets dumping. MACD on daily already crossed and under the 50 RSI. Weekly MACD looking for a cross in the coming weeks. Looking to see...

AlexColeUSA

Looks to be breaking daily RSI support line dating back to January. Weekly coming down relatively hard as well, but still above the 50 on RSI. MACD extremely high on weekly, but already rolled over on daily extensively. Will most likely fill the bearish divergence and continue to roll over with the rest of the market in the coming weeks. Caution would be that the...

AlexColeUSA

Breaking out of daily downtrend range that it has had since June. Weekly put in a higher low in RSI and bounced off the price support line since the COVID correction. MACD seems to be bottoming on the weekly. Daily breaking out of downtrend price line along with being above the 50 on RSI. Oil most likely going to make a move higher as production is also reduced in Saudi.

AlexColeUSA

Daily RSI seems to be consolidating and getting ready for a breakout. Price is seeing something similar with the range getting tighter. Daily MACD above 0 line. Weekly RSI has also been consolidating with possibly getting ready for a breakout. Could see the bearish divergence on the weekly get another test before breaking down. Weekly MACD and RSI both looking bullish.

AlexColeUSA

Update. Took out previous high on price, but maintained the bearish divergence on the daily. Daily RSI has not broken down yet but looks like it may be pulling back in the coming days. Daily MACD crossed and is back testing right now. Weekly RSI could breakout or fake out. Weekly MACD around the 0 line. Most likely will push lower to continue the price line trend...

AlexColeUSA

Daily getting closer to closing under RSI line. Daily MACD already rolled over. Weekly RSI still relatively high for a short, but starting to come down. Weekly looks to be putting in bearish divergence divergence. Decent size bear flag on the weekly that could play out eventually if price breaks and closes under $180 ish. Possible short entry looking good if daily...

AlexColeUSA

Daily RSI breaking down. Daily MACD rolling over. No price close outside of price line yet on daily. Weekly getting closer to breaking down. Weekly MACD under 0 line. Probably looking to continue the downtrend into next week and the coming months with the rest of the markets. Coming down to either retest the lows unless it puts in a higher low at the golden pocket.

AlexColeUSA

Got first daily close under RSI line and price line. Weekly is rolling over on RSI along with price getting rejected at the downward trendline. MACD on daily close to crossing. Weekly MACD not as bearish as daily. AAPL looking to push lower with the rest of the markets next week, and will most likely come down to the golden before pushing higher if it does. Second...

AlexColeUSA

ETH is most likely lagging timewise to BTC. Chart shows ETH possibly starting to roll over faster than BTC in the coming days if the downtrend continues. ETHBTC daily RSI getting close to breaking down. Weekly RSI starting to roll out. Daily MACD crossed over.

AlexColeUSA

Starting to get a second daily close outside of support line on RSI along with possibly getting a daily close outside of price line. Weekly and daily RSI seem to be rolling over together. Getting rejected off of 200MA. MACD on daily getting close to crossing, and weekly MACD is under 0 line as well. Caution would be if the weekly RSI closes over 50 line.

AlexColeUSA

Breaking down with BTC. Daily MACD rolling over. Daily RSI closed underneath 50. Weekly RSI and MACD rolling over. Price close underneath trendline.

AlexColeUSA

Perfect retest of 0.236 fib level. Along with being in a downtrend, broke the daily RSI, daily MACD crossed over, almost closed under price line. Most likely will make a golden pocket retrace before pushing higher, but I wouldn't be surprised if it took out the lows. Already gone down significantly which would be a caution.

AlexColeUSA

Getting a breakdown on today's close. Closed under price and RSI. Daily MACD rolling over. Consecutive weekly lower highs causes me to lean toward it falling back down to 200MA before pushing higher.

AlexColeUSA

First index to break RSI daily trend line. MACD hasn't rolled over yet on daily or weekly. Weekly RSI getting rejected on breakout from last week. Weekly AVWAP getting rejected. Most likely will come down for a lower high before pushing higher if it does. More likely to take out the lows first though. Depends on what the charts give in the coming weeks.