Here is my chart for Tyson Foods TSN. You can see the price is bouncing around inside a rising wedge and is about to touch the bottom trendline. The RSI is oversold with bull div. I expect a generic herd mentality bounce on the trendline with a target being the top trend line.
Here is the monthly chart of Stellar Lumens looking at this purely from an Elliott Wave perspective. I know little about the technical details of the protocol/token etc.
From an EW perspective price looks to be inside a bullish wave 3 with the target at the 1.618 extension.
Lets see what happens.
Big rising wedge formation on Savills here with price on the top trend line of the wedge in overbought conditions with bear div on the RSI, it looks like a throw over.
Is the UK housing market in a bubble or will the price break the top of the wedge into uncharted territory?
Notice the bounce on the 24 year long trendline, I thought that was...
Theta has retraced 94% from its ATH and has hit the 0.618 retrace. This looks like a buy area.
The MACD is printing bullish divergence on the weekly histogram.
Looks to have completed an ABC retrace.
As you can see price looks to be forming a symmetrical triangle inside a much bigger triangle. A symmetrical triangle can break both ways.
A break to the upside is the rise of XRP and should create a new HH.
A break to the downside is the fall of XRP and will break a major support trend line.
The chart is telling me Ethereum ETH has just broken its previous all time high and is currently in price discovery mode inside a bullish Elliot Wave 3 with a target of $43000.
Sounds absolutely mental but looks totally "normal"
Will update as this progresses.
EOS seems to have been one of the weakest performing alt coins and has not yes broken resistance. The price looks like its trying to break resistance and has formed a massive symmetrical triangle on the daily.
Im bullish here. As with all symmetrical triangles wait for the breakout direction to be confirmed and then buy/sell into strength.
Looking at the chart we have a set of impulse waves. Wave 5 is about to start. Will the top of this wave be the market top? Who knows, this is Bitcoin.
Extreme greed setting in here. The price will shock people. If they keep printing money this will happen. This is a sign that something is not right with the monetary system. An infinite amount of...