Gold looking bearish now. Below the cloud, and 200DMA with a very clear bounce off 1830. Next check at $1750?
Pushing solidly below the 200DMA. Looking for bottom near $42000.
Two days now we’ve bounced back above the 200DMA. I don’t mind cheap coins, but wouldn’t mind finding support there. I expected a correction, but not the flash crash. I have always suspected manipulation, and this doesn’t change my mind. Johnny Woo says the theory of leveraged positions doesn’t explain it since those weren’t any higher than normal.
As was pointed out to me: completion of inverted H&S imminent. Correlation to technicals; ichimoku cloud, EMAs, MACD.
If you wanted to buy cheaper gold, looks like that ship may have sailed. If it closes above $1833 it’s on until proven otherwise.
Ichimoku cloud cross, symmetric consolidation, cup and handle, parabolic, EMA 12/26.
Based on a previous Fibonacci correlation over the last few months, I think ETH is going to correct to 3800 before finishing the 5th impulse of this wave.
Consolidation and breakout, with 2 days culminating in a nice bullish candle provides me confidence XRP is about to start some upward price movement. The EMAs hardly blinked at the consolidation and the MACD is approaching a cross.
COINBASE:ETHUSD followed some Fibonacci levels for the crash. I drew a Fibonacci retracement starting with the ATH, zeroing at the bottom of the crash. Note how the first bounce occurred between the .382 and .236 levels and focused in a symmetric triangle into the channel they form, before crashing down to the zero line. It channeled sideways, forming a bottoming...
UEC performed this nice bottoming action, closed above the mid point, with 2 bullish 1D candles. Still good momentum on EMAs and MACD.
I love the beautiful pattern that has just played out. A month-long ascending triangle retaught us the lesson "you never make money in August." And of course, in keeping with timely fashion, on 1 September we do 10%. Just beautiful. I suppose this has to do with the launch of arbitrum. Either way, lovely. Good morning Ethereum. Let's detach from Bitcoin and drag...
ETHUSD abcde 4H eilliot wave signalling continuing uptrend. Confirmation close above 3334.72. Long for 11%. Next resist @ 3727.
Renko chart without fixed time dimension is setting up for an uptrend. Fundamentally, 50k line broken in the last 48. MACD and 12/26 EMA cross imminent with high momentum.
Strong bounce on intraday charts, resisting the 12/26EMA and MACD 0-line cross. Nice intraday signal for a bullish finish for the day. I wouldn't mind some lower lows to accumulate cheaper coin, however.
Gold look as though it was going to move up in early August, but stalled. Now the 12 / 16 EMAs are ready to cross and the MACD is approaching 0 line with good momentum. Once these 2 signals pop, i'll be long gold.