ScotianBot

ScotianBot

Or, will the Moon Boys come back into the market & Ethereum will find some buying pressure around the blue upward sloping support of the Ascending Triangle. There have been multiple rejections on the horizontal resistance of the pattern, the more a trend line is touched the more likely it's going to be broken, in either direction. I have drawn a green pathway...

ScotianBot

Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will...

ScotianBot

Or, maybe this pattern will play out bearishly as a descending triangle, unlikely in my humble opinion, but always possible. On the RSI, DPO & KST it's too small of a time frame to notice anything noteworthy.

ScotianBot

Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria. The blue pattern on the chart is forming a bullish flag or potentially a descending triangle. On the KST there has been a bullish cross where I have placed the blue...

ScotianBot

In one of my previous charts, I was hinting at the potential of an Ascending Triangle forming, once again the green upward sloping support of the pattern has acted as support several times, and on the contrary, the horizontal resistance has rejected the bulls multiple times. Notice on the RSI the blue downward sloping resistance has caused lower highs to form,...

ScotianBot

TNY appears to be trading in a Macro Bullish Flag, or, potentially a descending triangle. I have a hard time believing this pattern plays out bearishly due to the 12 co-packing clients yet to be announced to the public market, some of these co-packers will put Tinley on the Map, according to the CEO in an interview in April 2019. The KST is displaying a bullish...

ScotianBot Updated 

APHA is trading back into a Macro Bullish Flag or Descending Triangle drawn in dark blue, we have seen a fake-out to the downside where I have the blue human body icon, this is potentially forming an inverted H&S, and at the same time APHA is trading back into the Macro pattern, which started becoming bearish Jan 2018 during the hype before Canadian Rec. The KST...

ScotianBot

Or, potentially a descending triangle is forming, only time will tell. On the KST there's been a bearish cross. The RSI is displaying a potential descending triangle or bull flag similar to the price action.

ScotianBot

Notice the giant Inverted H&S? I have placed the blue human icon to represent the head of the inverse head & shoulders pattern, and the two light green lines on either side are the shoulders. On the RSI & KST, I don't see anything too noteworthy for either a bullish or bearish scenario, a few more trading days should give a more precise narrative of which way...

ScotianBot

On the KST there's a noticeable bullish cross where I have placed the blue finger. On the RSI there has been a higher high for the first time since the blow-off top in the middle of August, rather bullish in my opinion.

ScotianBot Updated 

Notice a previous example of an ascending triangle that happened recently with Bitcoin in Green. On the KST there is a bearish divergence & a noticeable descending triangle pattern forming.

ScotianBot

Clearly, Bitcoin is trading in a rising channel.

ScotianBot

It appears as though TRIL is breaking the horizontal resistance of the ascending triangle, only modestly at the time being. The two green lines are the shoulders of an Inverted Head & Shoulders, and the blue head is obviously the head of the pattern. On the RSI there's a bullish flag or descending triangle forming, I guess we will see if there's enough momentum...

ScotianBot Updated 

On the KST there has been a bearish cross where I've placed the blue finger icon. On the RSI there has not been a higher high creation, possibly a bearish divergence happening here. Notice how on the RSI it's a similar bullish flag or descending triangle to the price, but on the RSI there hasn't been a break outside the pattern. Time will tell, see my previous...

ScotianBot

Pepsi appears to be trading in an ascending triangle drawn in blue, but additionally, there's a noticeable inverted H&S, the blue head icon represents the head, and the two dark green lines are the shoulders. I have placed a blue finger on the KST to represent a bullish cross. On the RSI there appears to be a descending channel & potentially a triple bottom...

ScotianBot Updated 

I will post a 5-day chart at the bottom so it's more apparent. A bearish divergence is noticeable on the RSI, and on the KST, we have seen old resistance hold as support, but there's some weakness becoming apparent.

ScotianBot Updated 

GLXY appears to have broken flush to the upside out of an Ascending Triangle, if there's a retracement in the near future it would be ideal if the horizontal blue line of the pattern turns into support. On the KST there's a noticeable bullish cross. Higher highs & higher lows on the RSI. GLXY is outperforming Bitcoin on a 1-year time frame by over 300%, but...

ScotianBot Updated 

On the RSI there's a noticeable descending triangle forming similar to the price action. On the KST there's recently been a bearish cross.