FX:EURAUD Seems to have many time frames aligning to a possible move up. If the week starts bullish and we can break through the resistance we're currently at it should be relatively green for the rest of May.
is still in an uptrend with price being supported by the 10 SMA and this being above the 30 & 200 SMA's. Just tested the 0.382 level which lines...
has been trending down since 2015, seems to be making a descending channel. It also looks like it could be forming a descending triangle, but would need another test of the lows around 100-101 to confirm this pattern. On a monthly scale the last local top & bottom were both on an 8 of 9, currently we're on a red 4 so sequential is saying we...
It looks like BITSTAMP:BTCUSD was once again rejected by its descending weekly trendline currently sitting just below the 50% level of the move down since June 2019.
The Daily and 4 hour charts topped on or near a sequential 9 and bitcoins` correlation with the stock markets in recent weeks indicate a move down might be likely.
I expect if we close the weekly...
Qantas is moving up towards a strong resistance area with prior support and resistance lining up with the 50% retrace of the move up from 2012-2020 and the 38.2% retrace of the move down from Jan - March. The 55 SMA is also not far above and moving south.
The RSI seems to be making an ascending wedge that is coming to an apex.
If the ascending wedge or...
FX:AUDUSD Is forming a nice descending triangle.
- oscillators are ticking down.
- downside volume is increasing.
- looks like we're about to have a 3rd test of support while making a lower high every time.
I'm looking for a move to around 60 cents
Looking at the 1 hour chart considering the week we've had it's hard not to be a little bullish. At least in the short term.
I expect if we can break above the orange 55 SMA be might see a little rally up to the $9200 area which is where the bottom of the green rectangle indicating prior turning points meets the 0.382 retrace from this weeks correction...
Will we get one more push down towards the area between the blue and yellow rectangles?
The green box is unlikely to hold since the daily Stochastic has already broken its trend. The daily RSI has a slight bearish divergence. The volume to the downside is increasing and the macD histogram is ticking down. The daily TD is currently on a red 8 meaning another...
ASX:TLS has just broken down from it's descending triangle with the measured move taking it down to it's previous lows between $3.4-$3.46. Price is below all major SMA's with oscillators and volume confirming bearishness.
FX:GBPAUD GBPAUD ready for a leg down to the $1.85 region?
The chart seems to be forming a descending triangle on the 4hour chart.
The 200 SMA is flattening out.
The 55 SMA recently crossed below 200 SMA.
8 SMA starting to act as resistance.
Despite the little bounce bearish volume is larger than bullish.
Oscillators trending down
So far the...
Since breaking the descending triangle it looks like COINBASE:BTCUSD has been a downward channel with strong support along the centre line.
With moving averages above us, increasing volume and the oscillators on a 4 hour chart pointing bearish a break of this middle line that's been relevant since late June could lead the way to a retest of the $7700 area and...
Can a break to below $9500 take us back to sub $6000???
Looking back at the last descending triangle in November 2018 we dropped about 45% after the break to the downside.
Looking at the current COINBASE:BTCUSD descending triangle a 45% correction would take us to roughly the same point in relation to the overall move (just under0.7786 fib level) this also...
Bitcoin has rallied higher than most people expected. There seems to be a lot of calls for the moon and bullish sentiment but I don't think the bull-market has started just yet...
On the daily we have a diverging RSI, volume is falling and if we draw an Elliot-Wave (assuming wave 5 is roughly a 1:1 of wave 1) We should expect a top not much higher than our...
Looking at the terrible volume in the past few days and the 200 Moving average roughly lining up to a 1:1 extension of the wave A drop and the 0.618 level of I expect to see some relatively strong support there.
Looking at the daily timeframe since January it looks like we may be at the end of the "Bear Market" if this is a 5th wave failure and we don't get another lower low soon.
On the other hand if we do get a lower low and break below 6k I don't see much support until the $4400-$4900 range. BITFINEX:BTCUSD