The 4 hour chart is starting to look interesting. Trend appears to be wedging into a flag / ascending wedge depending on the lines. The VWMA lines are thicker. When they are above the SMA line, that is a signal there has been solid volume above the current average - watching this in the red ribbon, you can really see how long it took to shake off the last selloff....
Snap is pushing up near the 11.50 resistance level. Has hit this range several times recently building momentum for another potential breakout. In the 12-13 range, there has been no recent volume. There was also a gap down in May that could be filled. Next upward resistance around 13.
This recent surge in price has just decreased the timeline for the SMA 50 200 Golden Cross to form on many crypto charts. A conservative estimate puts the SMA to cross at the latest around April 11th. Note the Volume Weighted Averages moving up fast and in a similar fashion to the beginning of the 2017 bull run. The VWMA cross may happen in the next 24 hours at this pace.
While the current trend may be overextended, a Golden Cross of the 50 : 200 MA forming on the Bitcoin charts. Notable because for over a year, it has been generally trading below the 200 MA. These averages don't guarantee price movement, but for the first time in a long time, these averages are moving in a pattern that is favorable to sustain an uptrend.
What a fascinating ticker to watch. Forget about what the analysts or ER reports say, people just seem crazy for this stock. Missed the dip buy this AM / no current position. Watching for return to red zone for buys if there is a double bottom.
Using a trend based extension, this chart looks at the upward velocity snap has shown around since last ER. The push that sent it past $10 was an analyst upgrade. It seemed to me that they weren't really pushing the advertising platform. The recent announcements about entering the gaming space made sense as they are going to pursue that to bring in the revenue.
This stock pulled back after a nice ER surprise. It has been on a nice run outperforming the SPX by a good margin even before the ER. Looking at a swing trade as it heads towards top of channel in a few weeks. Taking partial profits in $36 range.
Edit: I see it is hard to see the price levels when the SPX compare is turned on. Key support levels drawn are: green...
Getting interested in how whole numbers create natural levels of support and resistance. Snap pushing near $10 has been a prime example of this, breaking through on several occasions as it wedges in tighter and tighter towards what appears to be a potential breakout.
I drew bearish levels on the chart to consider where the prices could drop to. The bullish side says that it is rare for gold to trade this far below the ema. This is my first chart published, not going to suggest strategies. I like to consider both possibilities before trading. Any feedback on the price movements or chart is most welcome.