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Goldencross

Ascending Channel & Bull Pennant for Gold?Notice the downward sloping blue line, this is considered the resistance of the pennant, if the price breaches above it'll confirm the patterns a bullish pennant. The two green upward sloping lines are potentially forming an Ascending Channel, there is however a slight deviation where the price breached the top of the channel, but noticeably since then the price has drifted towards the bottom of the channel. The KST potentially just had a golden cross, this is where the green line spikes above the red, typically a bullish indicator. The RSI may find some resistance at the blue downward sloping line, if so And the price continues upward that would likely create a bearish divergence. It would be nice to see the RSI break above the previous high flush to the upside & the price rise simultaneously.
TVC:GOLDLong
by ScotianBot
Litecoin Golden Cross + Inv H&S Breakout Can Take it to $105Looking very bullish here for litecoin as it inches above the neckline of a very tiny shouldered inverse head and shoulder pattern. These type of head and shoulders patterns are great because many technical analysts end up missing spotting them before it's too late. This coupled with the golden cross happening now on the daily is a very good sign for litecoin to regain some of the ground it has lost over the bear market. As always, we still need to wait for confirmation that it has broken out of the pattern but if we get that confirmation $105 is the target.
COINBASE:LTCUSDLong
by DrDovetail
1
GOLD NEXT POSSIABILITY(HEAD & SHOULDER PATTERN)Head & shoulder & ABCD PATTERN is formed Above is free 4H chart explanation No Daily changes so far after a very Bearish E.U. session opening on usually volatile Hourly candles. We can easily spot on Hourly 4 chart how the current slow falling consolidation is repeating the pattern of March 7 - 20 sequence. Stock markets and Bond notes are on usual levels but of course it all really depends on U.S. session opening Bell on Monday. One of the most volatile Trading days was on Wednesday’s session according to the Historical Data with a 27.80 point differential on Daily chart , also seen by the wide margin (Neutral) on mostly all Hourly charts. Technical analysis could be immediately effective(60-40%) on such high volatility levels. Price-action was close to reaching the Short-term Resistance of the Higher Low much sooner than we expected as the market turned this fear into a Volatility similar to the Covid parabola early in February-March, which could be the reason of this unexplained Gold decline. As it happened then, the market psychology is similar, (both ways around) and as soon as the Stock markets recover, Gold's move will deflate and reach at least the Fibonacci retracement from yesterday’s session bottom. The Hourly 1 chart is nearly Oversold and the RSI in particular above the 3 month Support. Hourly 4 chart printed clear Head and Shoulders formation, on the other hand - MA50 was broken on yesterday's session multiple times. This just shows the continued high degree of volatility and how unstable the market (along with most asset classes) has become. As for the current situation, Gold broke the 1-Month Support and automatically should be call for 1,900.50 (which represents Monthly Low) extension but, by recent experience , we will position ourselves accordingly and continue monitoring the market. Technically, breaking above #MA50 brings 1,971.80 Resistance in motion while below it, 1,900.50 (Support). We will Trade the breakout for longterm but as you know SCALPING IS THE KEY ;) Entries should be taken only if all the rules of entries are satisfied.
TVC:GOLD
by TradingSwirls
APEX FROZEN FOODS - Wait for breakoutCMP 266 A 3 VCP has been formed and is trading at the resistance. It is also within the 'Ascending Triangle' . A GoldenCross is also being awaited soon. On the upside the potential of gains is good at 19.5% and 28% above the resistance of 330. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me would only add on to the confidence.
NSE:APEXLong
by CannySunny
KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins ...KUSAMA (KSM:BTC) broke back up above 200 SMA on the 30 mins after period of continued rejection.. Kusama was originally planned as a testnet for Polkadot, but from what I am hearing so far, it could become its own independent chain in its own right (at the same time as functioning as a test net for Polkadot too) -- where certain projects (that were not successful with securing a Polkadot slot) will instead run exclusively on the Kusama platform rather than migrating onto the Polkadot network. (Correct me if I am wrong on the fundamentals side of things, I'm focused mainly on TA). :) --- TA KSM now supported above orange 200 SMA on the 30mins Need to wait to see if it will continue sideways, continuing to be supported above the 200 SMA, to eventually turn the bearish Ichicloud bullish again, before a recovery can be expected. Bullish wicks and 21EMA/50SMA bullish cross registered (circled in main chart) on the 30 mins. PRISM Oscillators Analysis Hidden Bullish Divergence adhered. Transparent blue Volume falling off significantly as price increase though. Acceleration heading up, pulling up Momentum Still waiting patiently for confirmation for a suitable entry as a long-term investment, with a couple of small stop-limit buys modulated by a combination of Cyber Ensemble and PRISM Oscillators Set, and Ichicloud state, set for now.
K
by cybernetwork
4
Macro Ascending Triangle for BNS?On the RSI there's noticeably a triple bottom coinciding with three touch points on the upward sloping support of the Ascending Triangle. If you move the chart left there's the first touch point of four on the upward sloping support of the ascending triangle dating back in 2003. On a 5 year chart attached to this all time log scale chart there's been a golden cross on the KST that isn't noticeable here, the golden cross is recognizable on a 1 year chart as well.
NYSE:BNSLong
by ScotianBot
RUT- The final golden cross for the major indexsAccording to Finviz, more than 75% of stocks are above SMA50 and close to 60% of stocks are above SMA 200. Furthermore, SPX has stayed above 3200 for a month. Historically, DJI is usually the first index to recover after the market crash because investors want to put their money in safe mega cap and blue chip stocks during the bottom-out process and time of uncertainty. However, Covid-19 is producing the favorable environment for e-commerce company and internet/IT services company that power e-commerce to thrive, leading to the NDX's wild surge and SPX & DJI's unusual lag. Russel 2000, the small cap index, is usually the last one to join the rally because it is usually deemed as a risky investment by investors, especially during the time of uncertainty. Therefore, when investors flock to RUT (Russel 2000), it could signal and reaffirm the bullish sentiment among investors, drawing the last of doubters and FOMOers into the market. That time could be now.
TVC:RUTLong
by Libratus
LYC Bullish move above 2020 highLYC broke it's bull flag patter at end of July and is now set to break it's 2020 high and then the chase is on for the 52 week high ($2.95) with the 1st profit target being the Fibonacci level of 0.786 which is a $2.73 share price. Recent supporting bullish activity on the chart is the golden 50 and 200 moving average cross occurring. Add to this that rare earths sector which LYC operate in is currently in flavour as well. My opinion is bullish on this with a 1st proft target of $2.73 before some consolidation and a run towards the 52 week. This is only my opinion and you should always do your own research before investing.
ASX:LYCLong
by gary_trades