Setup. 2 levels of support. -50sma support/remount. Also tested Lower Bollinger band -Oversold stochastics at extreme levels with Hammer Candle today. This setup has been working on momentum names all year.
CGC has remounted its 9ema. It has been trailing TLRY for the last week. Today we have broken a key trendline in CGC along with remounting its 9ema. Remounts are powerful! Weed is still in play. The key is going to be if today is an exhaustion gap in TLRY and it fades off on the news that was expected or the party continues! The key is if it holds here....
Roku is one of the strongest stocks in the market. Tech has been a leader and ROKU has run hard on its last earnings. Volume pattern is fantastic on this along with liquidity. Liquidity is great. This stock does millions in volume each day. 42million share float has the ability to move. This looks like a potential swing trade- It is up 5% today so definately...
ETH had looked like it has been basing out. but there were clues to it drop today. even with BTC having a nice trend last couple weeks ETH just could not catch a bounce showing relative weekness. It never could hold and remount its EMA'S. that 250 mark was a key technical support along with pyschological level that traders were really watching. this break...
Earnings breakouts are some of the most powerful movements in the stock market. TWLO a couple weeks ago had a massive move on an earnings beat. We have had a nice orderly consolidation in this name since the earnings. The range has tightened and allowed the moving averages to coil up under the stock. This provides POWER and the basis for explosion. We are...
CGC another weed stock to keep on your radar. It is testing its highs here near 37. If this can break we are talking about an explosive MOVE. there is no level of supply overhead to hold it down.
CRON has been basing since january in a tightening pattern with 4 tests of resistance. Today we have a confirmed breakout with VOLUME. Currently long this name near 7.00 with a 50 cent stop. Think we could see 9 or even 10 over the next month! Watch this for pullbacks! it has a ton of momentum here and the sector is in fire!
EOS after a monster run to 23 went into a free fall. we are now starting to experience a bottoming pattern. after a drop to near 10 dollars we consolidated in that 10-12 range for some time churning out some new buyers. Of recent the coin has started to make its move higher and break levels of resistance making a quick run to 15. This past week we have...
MOMO which recently had earnings and a nice reaction to it has consolidated for a couple days right at its yearly highs. Today we are breaking a key level that has been holding all year. MOMO has a lot of things going for it. Chinese Stock- Tons of momentum in this sector. HUYA, IQ and many others are really ramping this past month . the whole sector is on...
eth has good relative strenght compared to BTC. we have pulled back to support on the daily and now entering a 15minute range break. the whole market has this same consolidation break look.. eth neo btc all have similiar patterns. all systems are a go!
BITCOIN CASH after its big run from 600 to 1600 has consolidated nicely in a flag pattern. Yesterday we had a classic remount pattern going where we flushed under the 9ema on the daily chart then broke back over. In our chat we longed that at 1315 and are looking for additional entries here on the 15minute chart. Right now Intraday after the big spike to 1480...
After an epic run in BCH. we started finally pulling back after that run to 1600. it was a run to remember! when your trading momentum forget all the fluff the first spot to consider when looking for shallow pullback is the 9ema 9ema signals your short term momentum. its your momentum trend indicator. When you tap it after a big run and hold it usually tells...
BNB has been trailing the rest of the cryptos. eth and so many others are flying. this has been sitting on a bottom for days now trying to break this 12.40 level. we have officially broken out and entered the XANDER zone! my stop loss is under nearest support now 11.70
Big run in crypot markets this is my favorite chart. it hasnt gone yet. its been consolidating for days. when the market was weak this still has tons of RELATIVE STRENGTH. it is now getting picked up and has broken the trendline. This is one of my favorite coins. it has tons of liquidity and binance is the leading exchange in the game.
ETH had a nice bounce for about ummmmmm 1 day. then it hit the 9ema and has been smacked right down. that is your classic bear market trading when you just trend down your 9ema on your daily chart. The 9ema is your quick guide for short term momo on bearish thrusts. Intraday on our `15 minute chart we also have a bear flag and a break down on 15minute chart. we...
bitcoin is showing an intraday bear flag here. Im shorting this on kraken using XBT. its been bear flag after bear flag intraday. think we have a low risk short for a quick daytrade
BTC looks like its holding its 200sma. we have started to make higher highs and higher lows on the 15minute chart. think we could run for the next couple days here. we are breaking its first flag on 15minute chart. with a move to 10k possibly in the cards
Mule is a recent earnings winner. after its big gap up day it has been resting in a tight range. even with the recent market fluctuations this has not had any movement to the downside. Think this can be a swing trade with a stop under its recent range for a multi day hold