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Deathcross

GOLD - Severe Technical Damages on Daily ChartAfter touching 1680 in Asia morning session, gold has had rebounced to 1750. This 1750-1760 area used to be support, now turnes resistance which proves to be a pivot area. A breakdown under 2018-2019 uptrend line is in progress. The daily chart shows severe technical damages with combination of death cross, trendline breakdown, and negative MACD. Unless gold is able to recover above this pivot area or the uptrend line, gold might again head to 1660-1680 support area.
FX_IDC:XAUUSDShort
by GOLDTREND-NET
CAD/JPY Forming a Bearish Head & Shoulders Reversal Pattern?CAD/JPY may be in the process of forming a bearish Head & Shoulders reversal chart pattern. The right shoulder may complete if prices turn lower on the 88.30 - 87.97 inflection zone, where the left shoulder was created back in March. If prices turn lower, the neckline seems to be the 85.82 - 85.41 support zone. Breaking under this area could open the door to extending May's top. That would place the focus on rising support from 2020 which could reinstate the dominant upside focus. Furthermore, a bearish ' Death Cross ' between the near-term 20- and 50-day SMAs are underscoring the technical bias to the downside. FX_IDC:CADJPY
by QM_Dubrovsky
EURUSD: Potential great SELL opportunitySo price has came back as expected to the supply zone around 1.19. If i think about it, price should not be higher than 1.19 per US dollar, and I believe a major currency like USD and EUR more often than not react to these rounded number, since a whole country or even a continent is dealing with that currency , which makes breaking above or below 0.1 is not easy. that said :), I see a good opportunity to short EURUSD currently. its worth mentioning that the last daily candle coincided with a death cross (50EMA crossing below the 230EMA). Based on my backtesting of golden / death cross and wether they play out, I can say that in more than 80% of the cases when these crosses happen on the daily timeframe, then there is a high chance that price will continue pushing into that direction., with exception to when price is ranging.
Short
by Mamou-Q
Chart Training with Jay Rhyder - MA SignalsHello and welcome to a small series I thought I would start to help people understand market charts. Enjoy and leave me a comment about what you liked or didn't like. Thank you for your support! ------------------------------------------------------------------------------------------------------------------------------------------------------------------ Take a look at this chart. It is a 1 hour Coinbase chart of Ethereum (ETH/USD). One of the best ways to understand if the market is going to rally or go south is to pay attention to the MOVING AVERAGES, or MA lines. As you can see, the white line on this chart is the 50 day, the dark purple one is the 200 day and the pink one is the 150 day moving average, respectfully. When you see the 50 day moving up like in this chart, and the 200 day on top of the 150 day, it is a bullish signal. The opposite is true for bearish markets. It is called a DEATH CROSS. It is when the 50 day is on the bottom of the 150 and 200 and the 200 day is on top of the 150 day moving average. When the 200 day crosses DOWN through the 150 day, it is called a DEATH CROSS and is a very, very bearish signal. If you have any questions about this short and concise tutorial, please leave your question or comment below. I hope you learned something from this short tutorial. My name is Jay - have the best day! :)
COINBASE:ETHUSDEducation
by financetrance
1
Campbell Soup at Risk of Breaking DownCampbell Soup has struggled for years. Now it may be at risk of breaking a key support line. Notice the $45 level on this chart. CPB clung to this price zone in late 2017 before moving lower in 2018 and 2019. It rebounded as the pandemic drove demand for packaged foods, but even then remained well below the previous highs from mid-2016. Next, notice how the 50-day simple moving average (SMA) recently slid beneath the 200-day SMA: a bearish “death cross.” Prices have remained below the downward price gap on June 9, which followed a disappointing quarterly report. Management tried to blame cost inflation, but weak demand and volumes also played a part. Finally, relative strength has been poor in consumer staples. They're the second-worst performing sector this year after utilities. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
CShort
by TradeStation
1
[UPDATE ALTS] We are super early! Look at this crazy CHART!With this analysis, I did the inverse of the BTC dominance. What you are seeing is the inverse BTC dominance. Isn't this chart bullish per se? Well, 1) We are below the all-time high of 2018 2) Look at the choppiness index (compare it with the 2017 bull run) 3) Finally, check the 200 weekly EMA (we didn't even cross the log growth curve yet) To sum up, I see 2 other upcoming pumps for alts and potentially we will ends up in the 22% dominance at the end of the bull cycle.
CRYPTOCAP:BTC.DLong
by Homocryptus
15