The 2-day chart for the above project just printed a Dragonfly DOJI following an oversold period with Stochastic RSI crossing up 20. In fact RSI, the Money Flow index, & Stochastic RSI were all oversold prior to the Dragonfly DOJI formation, a significant move to the upside should now be expected in the near term. As risk / reward goes, it does not get any...
The current momentum in the market is no doubt exciting. We’ve got institutional investors, Paypal, Micro strategy, you name all telling us ‘this is it’. I’m reminded of that ‘Michael Novogratz’ moment back in 2017 when he called $40k Bitcoin before his business lost $272.7 million. Point is, don’t listen. The moment you put them above you in the belief they are...
Following a massive 320% rise since March there is now evidence to support a significant correction is very likely. The facts: 1) The above 3-day clearly indicates a bearish divergence between price action and the oscillators. 2) Price action is constrained within a rising wedge = bearish. 3) RSI support becomes resistance (orange line) following the...
The 10-day chart above is reminiscent Bitcoin trying to hold the $6k back in 2018 until its inevitable plummet. Since December 2017 Litecoin has been making lower highs on the above chart. It needs to smash through $75 and stay there for the 10-day chart to show a trend change. $75 is the key number right now to watch. With Lower highs, the trend is down and...
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 =...