Strong support from the close of the 21-weekly candle, we now have a straight run to €12k to confirm resistance of the bearish rising wedge. To confirm this is a short term move expected over the coming weeks. A bearish outlook continues to look likely beyond October when the stock market correction gets underway. Target: €12k
The above 1-day chart is indicating strong momentum with the printing of two candle with long tails following an oversold condition. In addition volume is strong. There' is little to no history here to work with other than to say the probability of a good return in the near term is very probable.
The above trend has been strong resistance since mid-August. Previous rejections resulted in a significant sell off. How I'm playing it: 1) Waiting for confirmation. There'll always be opportunities. Don't FOMO, like so many are doing at this moment. If price action breaks above the resistance, terrific. Wait for the resistance trend line to be confirmed as...
*Swing trade opportunity* As per title, a long tailed gravestone DOJI was just printed on the above 2-day chart. The longer the tail, the worse the damage will be. At 50% pullback seems very probable, the 21-week moving average is currently around 12 cents. Trade valid until Mid-October. Good luck!
Stock should be trading around £300 / + 150% in 18 months. Not a bad trade for investors looking to play it safe in the face of an 'alleged recession' being in the post. The stock has been trading inside this descending triangle for years and just confirmed support on the bottom. The monthly chart below confirms the bullish divergence.
1-day chart above and weekly chart below are both showing strong support with bullish candles following an oversold period on the daily (orange bar in RSI window) and a break out of price action resistance. This token is actually a palm beach confidential token with a buy up to 20 cents. There is bullish divergence between RSI and price action. Weekly showing...
On the above 3-day chart previous RSI resistance has now become support. Past price action resistance has also become support. Stochastic RSI on the 4-day chart (not shown here) has now been oversold since mid-June and is now showing signs of crossing up the 20. The bitcoin chart is very bullish. Bullish divergence on the golden ratio with a morning star candle...
*disclaimer* I don’t keep a position in this project so please do your own research. If you’d like updates on this TA, just leave a message below! Following a healthy market correction of almost 50% price action finds support on the golden ratio (0.786). Facts of the 1-day chart: 1) Stochastic RSI is oversold and indicating an increase in momentum. Bullish...
Not much history here to work with so can't say too much. However the swings in price action make it very appealing. On the 8hr chart above we can see a bullish divergence taking place between price action and the oscillators following an oversold period (orange column). These 'regular' divergencies are normally very reliable. Potential 30% gain to 1st...
On the daily chart there is a hidden bearish divergence (orange lines). HBD is defined as lower lows in price action with higher highs in the oscillators. Additionally price action has entered the Gaussian strip following a bullish period, just as in March of this year. (orange circles) The two targets on the daily chart I'm looking out for are: 1) $285 2)...
Bullish Dragonflies everywhere, and with volume. 90% potential gain in the short-term. This 3-day chart shows us a 9 month long bullish divergence between price action and RSI. It is highly probable the divergence is no longer growing as the Dragonfly candles are now indicating strong support on the bottoming candle following a strong oversold period. Finally the...
RCN has now completed a correction to the golden ratio following confirmation of the head and shoulders pattern breakout back in June 10th resulting in a 55% correction in price action. The oversold period was end of July (dark orange vertical bar). The resistance trend line (orange) following the breakout was recently broken and has now just been confirmed as...
My opinion on Dash is on request, I don’t actually hold. Measuring probability of return versus risk of loss in combination with ‘looking left’ in the charts is how I’m making money. So I'm applying the same reasoning here with Dash. Would I open a position now? No is the short answer. My reasons: The weekly chart - the facts: 1) Last week’s candle on the above...
Little to no history on this DeFi project. However for such a small market capital there’s a surprising amount of volume changing hands. Facts on the technical: 1) Following a 70% correction in price action, RSI was oversold (orange columns) and has now broken trend line resistance. 2) Regular bullish divergence. Falling price action diverges with rising MFI =...
*swing trade opportunity* Trend reversal observed in the RCN / USD pair. Other bearish signals include the formation of a head & shoulder, rising wedge, & the double top in price action versus the RSI resistance trend line. Close trade at 3 cents. We also have bearish divergence on the weekly chart:
A number of bullish indicators following an oversold condition (orange column) on the above 1-day chart. We have: 1) Following the oversold condition we have a Dragonfly DOJI candle indicating strong buying pressure. 2) MFI resistance is broken, can only go up from here. 3) Support on the 21-week moving average (green line) following a test by price action on...
Notable bullish divergence taking place on Bitcoin following an oversold condition. Alt-coin positions might be about to take more punishment than that already made. Might be a shrewd move to sit in cash whilst this chaos plays out.
Lots of Bullish indicators for this alt-coin following Ethereum obvious bullishness. In fact BNB is Bullish against the Ethereum pair - make of that what you will. On the 1-day chart above we have price action with support on the 21-day moving average amidst narrowing Bollinger Bands (not visible here) following a life cross (June 2nd) of the 50-day crossing the...