Apple attempts to move upwards. The last two candles formed are inside bars, indicating indesicion and sideways movement. The bounce was put on pause at the .382 fib and 20 ema. If apple manages to break above 148.48, it will be met by the 20ema above it. The MACD has turned positive and is building momentum to move further upwards. The RSI is showing bullish...
Aphria is tightening up in an ascending triangle. Above resistance has been tested on the initial surge and weakened enough for a break thru. My short term target is at $9.36
Aphria is currently consolidating in the apex of a bull pennant. The drop in volume is in accordance to a consolidation phase. The rsi is hovering above the 50 level and slightly curling upwards. I suspect a break out to higher levels. The EOM is slightly above -.0005. As of recently , every time the EOM is in the -.0004 to -.0005 levels, a rebound ensues. The...
Aphria seems to be in consolidation. Currently, the 20 MA seems to be working as an immediate resistance. Judging from the weak bull volume and the recent run up, I would rather sit on the sidelines until a clear break ensues. Additionaly the rsi is starting to point downwards. I know many of us are excited about this sector and all of the acquisitions and...
I highly doubt that both of these trendlines will be broken. At most the bottom will be between the red and blue trendline. Rsi is oversold on the daily and 4hourly.
I would add to a position or intiate a position at 7.50. We are looking at a potential triple bottom. Best of luck
What is evident to me thus far is simply a megaphone pattern or a head and shoulders. A megaphone pattern consists of 5 touches. Two touches have been completed on the bottom trendline and two have been completed on the top. Im inclined to believe that there will be one more touch on the upper trendline, placing bitcoin in a decisive moment. Otherwise, the head...
Aphria appears to be in the final stages of a symmetrical triangle. A breakout is close to fruition. Although I am a optimistic in the long term, I am leaning to a breakdown here. The 50 MA (orange line) is hovering over the current price action, causing some resistance (reason #1). The Rsi, although low on the scale, seems to be turning lower which will indicate...
Bitcoin is reaching a decisive moment as it approaches the 200 MA. As you can see its traveling upwards in a zigzag motion in a rising channel. The 200 MA is slowly declining towards the price action. Bitcoin is currently sitting in the mid area of the channel. The Rsi looks healthy and there is plenty of room to run, aside from the resistance. Multiple scenarios...
My bias is to the upside, simple because we are due for a relief rally before we resume our descent to the 5000 mark. To put it simply, the market does not wait around and give you the oppurtunity to sell the top, nor buy the low. This does not qualify as a trend reversal to me, simple on the premise of the weakness of the rally. I would expect people to gobble...
Bitcoin is approaching oversold territory. I see a cup and handle playing out which coincides with the oversold conditions. If the break from the handle does not occur, the secondary motion would probably be the huge triangle. Since we are approaching oversold on the Rsi, my bias is to the upside. All of these options are contingent on the major support line being...
Although the Rsi is not oversold on the hourly, its pointing down with some bearish divergence. EOM is near 0, there isnt any volume buying, although ive heard thats normal when forming the right shoulder of an inverse head and shoulders. Still the volume is too low for me, coupled with the bearish divergence and the bad history for btc at these levels, ill pick...