XLM is makin bullish wolfe pattern. The market has reacted to play it out today and we have seen the first upper movement for a breakout from this falling wedge. Today seems like there are a resistance from SMA 20. The volume is nice, but take a note that volume also includes the rejection from SMA 20. RSI on daily going up steeply which is expected at such of...
Tupras is makin rising wedge with treble top, with lower and lower volume , and falling and falling RSI (making bear flag alike)
A is .618 zone for the rising wedge also where I expect SMA 200 to be, B is .5 for A and C is 1.618 for A and B.
Expecting a bigger drop on long term.
Either for long investement or just swing/day trade. Bolu Cimento looks like it found its bounce zone.
RSI: Higher lows, while price made Lower lows which is hidden bullish divergence.
Price: dropped around 50 % and made Lower lows, but RSI is rising.
Fib: Price dipped a bit bellow ,618 and went back to the zone. Fib is at 3.59.
SMA: 20-50 bullish cross will...
The price is at the lowest area since its listing on OMXC. The price have been down with 90 %.
RSI combined with price shows (look at the red arrows at RSI) that while price is making Lower lows, the RSI is makin Lower highs, which shows that strength of sellers is weakned. This is typical sign of bottom is about to be made.
4H technical shows a bearish 20-50...
Brøndby is soon ready to get in to Buy zone.
As you can see price made LL while RSI and MACD is making HL, which is bullish. I think one last leg down will happen to the buy zone and the RSI will be slightly above 30. Then we can expect a correcting rally. Maybe a new cyclus.
Buy zone is aroung 74-75 and stop is set to 0.66 which is below fib extension...
The chart speaks for it self.
Price is at the strong support, RSI is rising, MACD is moving up with good momentum and daily bullish cross on SMA 20-50 occur.
Stop loss is set a bit below this strong price support, in case of stop hunting.
Target is somewhere around SMA 200, however if the football team performs better, then a higher price is expected. (ATM at...
Bearish cross of 20-50-200 in daily. Looking at daily and weekly shows a bubble is popped and the price is going to the mean, which is fib 0.618 zone.
Expecting the dead cat bounce to play out, but I don't expect the price to go further up than the red box.
Green box is fib zone which is at 24x zone.
Almost bearish cross at SMA 20-50
Higher green box is 0.382 fib line. which is also possible sma 200 line. Expecting strong support/bounce.
If the first doesn't hold, then second box is 0.618 fib zone.
If Inverted Head & Shoulder doesn't play out.
I think that there are still more longs to be taken out before a bigger corrective wave up to 5200 area.
20-50 ma cross is about to happen which could be bullish. Which why 1st green box is much more possible.
Green boxes are support/bounce areas.
Almost a perfect bullish butterfly on Iota, which means this can be a perfect oppoutunity to buy.
However Bulkowski says "...this pattern has such a high failure rate (14% as measured from the low at D)"
A good idea could be to wait and get in when there is upward movement from D.
Three setups as the price around 0.00057 is fibonacci level at 1.27...