200emacrossover
$AAPL - Apple is starting to weaken in this correction!Apple gapped below the 200 day moving average today, and we even saw some baerish follow up during the day. Apple below the 200 day moving average is very significant, happens rarely and if it happens, usually we see a bigger correction then.
We are in a pretty solid channel atm, with decent reactions at the supply and demand side. Should we break that channel though, first watch for the grey box to find support in there, as it is the golden zone (.382 - .618) from Covid low to ATH Fibonacci.
IF that box should be broken as well, we are poised for that huge gap close at around 100$, Apple has ALOT of gaps in it's chart, but i think that gap is so big, and marks the break of 100$ and got never backtestet, since we broke out back then, wouldn't be weird at all, if the market should decide to backtest that. .786 retrace, which would be considered deep value would correlate to pre covid ATH.
Watch this chart guys, this is probably the indicator, of what we can expect from the broad market, we need Apple above 200 day EMA, or things might get really dicey.
Stay safe !!
GBPCAD LONG 4H & DAILY TFDaily: Huge bullish candle just completed. Last candle broke and closed above the resistance level. Price might turn resistance to support or continue to the upside on a bullish leg.
4H: The 10 EMA just crossed over the 20 EMA. Price broke the 200 EMA to the upside and might turn it to support. The 20 EMA just crossed over the 50 EMA, and I expect it to go on to cross the 200 EMA.
I expect price to retrace to the 0.382 fib level (my first possible entry), or just the 0.236 fib level (my second possible entry)
Pls like & follow for more if you find this helpful. Thanks!
BAT moving north soon?BAT has been working its way through a triangle on the 1-day chart, bouncing below and above the 200 and 55 EMA (purple & yellow) in the process. Currently, the price sits as a green candle right below the purple 200 EMA. The "1 day, 200 EMA strategy" says that you take a position when the price action goes north of the 200 EMA and exit a position when the price action dips back and breaks through to the 55 or 200 EMA as support.
Understanding this, if BAT breaks north through the 200 EMA (resistance) it could begin opening and closing candles north of the 200 EMA. The strategy says that this is where you consider a position and watch for a run north, monitoring the 55 and 200 EMA as it runs.
Right now BAT is hovering below the purple 200 EMA. Until it breaks through it and holds it as support I remain neutral.
The RSI looks to be in an uptrend as well. The RSI uptrend level of support is shown with the white trend line.
Not financial advice obviously, simply for educational purposes. Make your own trades, that is what it is all about.
Peace friends!
Bitcoin first daily close above the rangeYesterday bitcoin retested the 200D ema which is a very bullish sign.
But it didnt stop there, bitcoin pushed through and had it's first close above the previous range.
For us these are clearly very bullish signals and we are pretty positive for the upcoming months.
$VET long soonWe want to see a flip of the 200D EMA (white line) before going long.
Long term we are very bullish on VeChain.
CRO potential change of trend!On the daily timeframe, we notice that CRO has been in a bearish trend since mid October when the price broke through the 200EMA and kept falling. Now the price is trying to breakout out again but towards the upside. Watch carefully how the candles close at the end of the next few days and expect a rise surge towards 0.12$ if the price succeed in breaking and retesting the 200EMA as a support.
EURGBP Long??The long-term trend may be short but hear me out, on the 1H timeframe the price rejected the 50 EMA and is trying to break the 200EMA. On the 4H timeframe, we may have a gap close between the 200EMA and 50EMA if it succeeds in breaking it. What adds some confluence is that we have an area of interest (purple line) where the price bounced many times before. Enter this trade only if the price breakout, retest and form two bullish candlesticks. Good luck!!
USDCHF Potential Setup!Patience is the key...
If price break and close below 200EMA, wait for retest then take the trade after 2 bearish candles confirmation. Death cross on 1H timeframe is in formation, wait for it to add confluence to your trade!
Trade wisely :)
USD/JPY broke 200 EMA on the 1D timeframe!USD is strong recently and It's clear on the 1D time frame () that price action has broke the 200 EMA and going bullish. You can wait for confirmation for retest on the moving average before taking the trade.
Using Fibonacci I see that it's good to go long at 50% level where there's a support forming. Take profits are divided into two steps, one that is at 161.8 level and the other one the riskier is positioned at the edge of the channel that price action has formed over the last months.
This my bias on the market. Trade wisely!
