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Goldencross

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
XRP Breaks above longstanding resistance line; goldencross nearswe can see Xrp has finaally broken above this white ascending trendline that has been acting as super strong resistance for quite some time now and has done so with authority. The next notable resistance is a horizontal resistance line at .357 (in turquoise). My take profit target for this breakout is just below that at .342. We can see XRP's golden cross is fastly approaching but with this much bullish action before the cross it would not surprise me if it pumps until the cross and then once the cross happens we see a small correction my guess is probably no farther than back to 27 cents or so. Not financial advice of course only my opinion. Thanks for reading! Happy bull run!
POLONIEX:XRPUSDLong
by DrDovetail
XEM/BTC | Macro Trend Reversal | Golden Cross | Trade Setup Today's analysis – XEM/BTC – A strong break of its multi-month resistance backed by volume; showing signs of a macro trend reversal. Points to consider: - Bullish price action - S/R Flip (trend reversal) - EMA Golden Cross - Increasing volume - RSI above 50 - Stochastics below 50 XEMBTC breaking structural resistance with inviting bullish engulfing candles indicating buyers in the market establishing a bullish bias. Price currently retracing to establish an S/R flip retest of the structural support zone, price holding support will form a local higher high and higher low on the chart indicating a macro trend reversal, supporting the bullish bias. The 200 EMA is also in confluence with structural support; putting a strong emphasis on support being a key level. A golden cross of the 200 and 21 EMA will indicate momentum shifting to the upside; another confirmation supporting the bullish bias. A clear volume influx coinciding with the break of the key level adding validity to the price action. Continued Volume follow-through is needed for a continuation. RSI is trading above 50 and needs to continue ranging above 50 to remain bullish. Stochastics are below 50, momentum is lacking is the immediate market, however, a valid bullish cross-over will indicate momentum stored to the upside. Overall, in my opinion, a successful S/R flip retest backed by volume validates a long trade to technical targets above with risk defined below structural support. If you’ve read this far, I’d like to thank you for following my work and development as a trader! As always, Focus on you, and the money will too!
XLong
by CryptoInsider009
3
PHB/BTC | Golden Cross | S/R Flip Retest | Increasing Volume Today's analysis – PHB/BTC – Breaking bullish from its ascending wedge pattern, retracing to re-test daily support. Points to consider: - S/R flip retest - Support confluence - EMA Golden Cross - Increasing Volume - Oscillators above 50 PHBBTC trading in a healthy uptrend with a strong breakthrough daily resistance. Currently retracing to establish an S/R flip retest of daily support, price holding support will form a higher low on the chart forming a bullish bias in the market. The 200 EMA is also in confluence with daily support; putting a strong emphasis on support being a key level. Price trading above the EMA is also considered bullish. A golden cross of the 200 and 21 EMA will indicate momentum shifting to the upside; another confirmation supporting the bullish bias. The break of daily resistance was backed by above-average volume; adding validity to the price action. Volume needs to remain above average to maintain strength in the market and avoid any fadeouts. The RSI is ranging above 50, indicating strength in the market. Stochastics are reaching oversold conditions and may remain there for some time. Overall, in my opinion, a successful S/R flip retest backed by volume validates a long trade to technical targets above with risk defined below daily support. If you’ve read this far - thank you for following my work! And as always, Focus on you, and the money will too!
Long
by CryptoInsider009
TESLA: When Is The Next Bounce?NASDAQ:TSLA DISCLAIMER: This is not a "technical analysis" and more of a "hypothesis" for my future inquiries with this stock. I am personally an optimist for the EV industry and hope for it to grow. TESLA stock price seems to respect the 200 period simple moving average in an hourly time frame. Since the 'golden cross' in late March, March 30th to be exact, the price has bounced off the 200 MA at least 'ten' occasions. Even if I don't go into all those pessimism regarding the company's fundamentals or overvaluation and stick to the simple trend analysis, the question remains: "when will be the next bounce?" Or is it a break of structure? If you find this interesting then please let me know your thoughts. I will be posting more in this topic in the future.
NASDAQ:TSLA
by Trading-Economist