Simple TA on Basic Attention Token (BAT)
No complex TA, just plain vanilla.
Looking at the longer term support trend, we see BAT testing this support with an increasing divergence on the RSI. The likelihood of BAT pivoting at this point is not clear yet, as it is still too early to tell.
Regardless, I'd say this is a good RR ratio with a tight stop...
Welcome to this quick TA on ICX.
As you can see a wedge pattern has formed while price coils in towards converging Moving Averages. We can also observe price has broken above the all three MAs, returning back to the mean. The other key pattern printed is an impending GOLDEN CROSS formation, where the 50MA is testing the 200MA.
Three critical points to look out...
Welcome to this TA on XLM.
We can observe from the daily charts that we are experience a hell of a squeeze on the bollinger bands as the price coils in within a wedge at around 1500sats. We can only await a breakout or breakdown at this point.
However, is it going UP or DOWN?? That's the big question.
The 4hr charts give us a bit more insight into this. It...
Welcome to a follow up TA on TESLA,
Clear skies this week for TESLA as a good amount of recovery as shown on the charts. this may just be a dead cat bounce, an overextension of the downward price capitulation follow by a sharp recovery.
However, pay close attention to the overhead resistance level at approx $240. What served as previous support down serves a new...
Don't miss out on this longer term analysis, which includes the Bitcoin Halving Events in 2012, 2016, and the upcoming 2020 (vertical lines in green).
This is a combination of 2 main indicators:
EMA Ribbon - We observe longer line in green (indicating sustained uptrend) vs red (indicating sustained downtrend). historically, the red portions are relatively short....
Quick TA on Cardano ADABTC,
We see a tightening of the bollinger bands as the price coils within its wedge, signalling a possible breakout. Price has shown stability from the shorter to the longer MAs (50/100/200) in the subsequent days leading up to this squeeze, indicative of a likely break to the upside. Also note, the 50MA (in green) has crossed the 200MA (in...
Following up from previous EOS TA, a possible reversal to the upside may be in play
Opportunity spotted, looking for a breakout to the upside from most immediate overhead resistance on the 50MA (in green).
Clear 3x instance RSI divergence (high highs on RSI, lower lows on Price) indicative of a reversal pattern - compare this against the longer time...
Following up on a previous TA,
As observed price squeeze from BB indicating an imminent break to either the upside or downside. Given the bullish golden cross (50MA over the 200MA) as well as strong support evident on the 50MA, the breakout to the upside was of a much greater likelihood.
MACD has consistently defended its signal line, indicating a rejection of...
Quick TA on ETHUSD
After the breakout from its ascending channel in May, price action seems to have printed a bullflag. Some may be bullish on ETH breaking the big even of $300.
However, some observations to suggest otherwise for the short term:
- DI crossover imminent, to the bearish side
- MACD printed a clear bearish crossover, heading back for the signal...
What goes up must come down innit? :)
Quick TA on BTCUSD,
Expect a markdown back to the 50%-61% Fib ranges in the near term - this may not happen in a day or two as we may see a retest of the $8300 level.
Both MACD and ADX printing a crossover to the bearish side, indicating a near term reversal from its once bullish momentum. For all the bulls out there, dont...
Welcome to this quick TA on Faecbook
Quick look on the following indicators:
- MACD appears to be rolling over (bearish)
- ADX momentum coming in (>20), DI- crossing over (bearish)
- MA downward crossover (bearish)
We observe a large channel in formation indicating a commencement of a downtrend, with lower high printed at the big even of $200. Failing at this...
Quick TA on APPLE
For those who've heard all the news on the techstocks and antitrust FUD, here's the TA.
The bigger picture indicates lower highs, maxing out at $215 in April, with MACD, ADX, and RSI printing a strong downward trend since. With prices trending below the Moving Averages, it is clear that the downward price action is in full swing. As per my last...
We observe LTCBTC's first markup in a 3 part impulse wave, followed by a pretty dramatic 2 part correction wave, and markdown back to the 200MA (in red). It is a pretty solid double bottom on the 200MA to indicate a strong support level/indicator.
This is followed by a rebound and flag consolidation at the converging 50MA (in green) and 100MA (in orange). Price...
A quick TA on the BTCUSD charts!
In the past weeks, quite clearly we are seeing price action of BTC within a narrowing upward channel, holding quite diligently to the 50MA (in green).
However, we are starting to see weakness in the bulls as volume seems to be diminishing, and a clear MACD divergence printed. The ADX is also starting to show signs of weakness in...
Quick TA on IOTA
DI crossover signalling trend reversal
MACD crossover as well
Stochastic trailing behind
Primary focus would be strong volume and breakout to the upside from the inverse H&S neckline.
Look out for ADX momentum to come in (>25) as well as Stoch above 80. Volume is still weak so it will take sustained volume to keep price momentum...
Some key indicators to note:
ADX showing strong upward momentum
RSI looking overbought (be careful here)
Strong upward channel, with 50MA (in green) playing a vital role as support.
Expectation: Momentum is strong signalling bullish action. But in the short term, i'd expect to see a pullback to retest the 61% - 78% Fibonacci zone, or the lower bound...
Quick TA on EOS, we see a breakout from its wedge,
Target to look out for at 0.00100000 based on Fibonacci levels.
But hold your horses, we may see a pullback back to approx 0.00083000 before continuation.
ADX level to look out for is at 20, signalling momentum coming in.
RSI grossly overbought right now, so i would be patient.