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.
Welcome to this quick analysis on APPLE!
Proceeding from the BREAKOUT from an upward channel in Jul 2018, we've seen a double topping pattern at 235, followed by a quick retracement and downward capitulation back down 140. In the past week, we've seen price action desperate to retest the 200MA (in red), only to fall back to the 100MA (in orange) - unlikely to...
Quick look at TESLA,
TESLA has been trending well for the past years within an ascending channel (in blue).
However, of late, we see a breakdown from its ascending channel, as well as its key support level at $240. This spells disaster for TESLA as the next major support we should see would be at the $180 range. A key resistance level that the stock has...
Jumping into this quick analysis of BTC,
April has seen some positive price action, with a spike in volume coming into the month. Breaking out from its ascending wedge, we see a potential bull flag formation in the shape of an ascending channel. Volume has not left - which is a good indicator.
For the greedy ones out there, this may be a good time to 'buy the...
Quick TA on the S&P500
Referencing the upward channel in blue, we observe that after celebrating 3 months of green, we're finally seeing weakness at the resistance line of the upper band.
The red doji candle at the top spells uncertainty in direction (up or down), but later prints a red candle the week after. Unless this is a consolidation zone for a bullflag...
TA on LTC/USD...
We can observe some bullish action from litecoin over the past few days, bouncing right off the 200MA (in red) and testing the upper resistance line of the channel.
The ideal scenario would be for a 'golden cross' - where the short term moving average (50MA in green) crosses over the long term moving average (200MA in red). The past 3 months have...
Looking at this long term analysis of Bitcoin, we observe key levels at,
The last major break to the downside was the failed support of the 100MA (in orange), falling sharply to the $3000 level. This has extremely crucial as the the 200MA (in red) has served as a strong support level this past decade.
Today we see a tightening and price squeeze...
TA on Litecoin
We see the clear inverse H&S printed followed by a breakout over the neckline. This however was short lived and rolled over soon enough. We now observe a sharp downward movement back to major support level around the 50MA (in green).
Take note of Stoch RSI and MACD.
If MACD crossover is rejected, i would consider this a reversal...
Quick TA on Bitcoin.
Today, we see the long awaited result of the price squeeze at over the past week.
Most people have been expected a break to the upside given the peculiar inverse H&S pattern formed. However, it is evident that despite testing the overhead resistance or neckline for some time, the awaited break to the upside actually rolled over instead. This...