CRM - approaching neckline @ 195CRM had been basing for about 10 month now (since last May), the first sign that the worst could be over was when it broke above the 200 day movving average on 27 Jan, then a retest of this MA a month later on 27 Feb which validated the 200 day MA as the new "support".
Several days later on 2nd Mar, it gapped up strongly on earnings beat, stopping right at a significant neckline around 195. Then proceeded to pullback and almost closing the entire gap in the coming days. While the stock has been staging a recovery since hitting the low in Dec last year, it also experienced steep pullbacks on the way up. Buying the dips would certainly had been a better option in this chopping conditions.
Despite the volatility, what is clear however is that the stock is still on it's way to recovery, forming higher hi's (HH) and higher lo's (HL), with RSI staying at 50 or higher since early Jan, and a Golden Cross since 10 Mar.
It could attempt to break the neckline @ 195 again in the coming days and if and when it is finally able to break and stay above this level, then we could (hopefully) see more a more steady rise with pullbacks that are less steep (ie within 50% fib retracement of each mini up swing). And the next target could be around 220.
We can "predict" price targets but it is important to manage our risk with trailing stop losses and see what the market gives us.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Take care and Good Luck!
Goldencross
SPX: Bullish Reaction Above Golden Cross.• The SPX is doing a very powerful reaction above a critical support level;
• First, as seen in the daily chart, it hit the 3,949 support, and it is doing a powerful reaction. Last Thursday it did a Bullish Engulfing, and las Friday, it broke the 21 ema and the 4k;
• In the weekly chart, it is doing a Hammer candlestick pattern, a bullish reversal pattern that works 60% of the time (according to Bulkowski – Encyclopedia of Candlestick Charts);
• In addition, this Hammer appeared just above the purple line, which was a previous resistance when the SPX was inside a Descending Channel;
• Moreover, this Hammer appeared above the 200 ma, after the index made a Golden Cross (the 50 ma broke the 200 ma upwards);
• All these signs indicate that although the index may look overbought short-term wise, it has decent chances of maintaining the bullish bias mid/long-term speaking, especially if look at the weekly chart;
• I’ll keep you updated on this.
Remember to follow me to keep in touch with my daily analysis!
A potential BTC price action rH&SWhen we look on a larger time-frame, foremost 1D, we can see more and more evidence that BTC moves with a channel, respecting the FIBO retracements. Also on a global scale we can see a reverses head and shoulder formation, that could lead to a short and rather rapid price explosion towards the uptrend.
the RSI 13 illustrates that BTC returned from overbought to a normal level, expecting to retest or maintain top upper channel from 50 RSI 13 above. Recharging for a larger move.
We also see that there is not much liquidity at higher price levels, hence the cohort of investors is not deciding to sale, but rather take profit and move some liqudity into the Altcoins, which pop-up.
On a larger time frame we see a massive resistance at 27.5-31.5k, indicated with a red rectangle .
The bitcoin seems to follow closely recovery from 2019 bottom, with a rapid uptake towards higher prices. Will this scenario play-out? This is a bit foreseeing but we see on the chart even more evidences for potential price speculation towards the uptrend.
Important to highlight is the analysis of social sentiment: a large cohort of investors yet believes that this is a suckers rally, hence they do not participate in the market, but their belief may be invalidated when breaking out 25.3 and maintaining this regime, pushing them to loss aversion due to missing the opportunity (also known as FOMO).
A confluence of:
- The rH&S, FIBO extension
- Massive volume resistance at arround 27-32k
- VPVR at around 27-32
- Potential resistance line draw from the 2021 Mai ATH, that has been respected
- On-chain analysis suggesting that the peak of the last bulllrun was in fact in Mai 2021
- On chain analysis, mainly aSOPR but also other parameters suggest a change in Investor's perception of the market towards the bull trend
- Historic fractal pattern from 2019 bottom that has been a black swan event too
- Golden Cross on 1D
- PRice action multiply respecting the 50% retraction
- MACD
- STOCH RSI (not shown in analysis)
This is surely a bet, but backed by several parameters that confluence.
Good luck with trading
Back to Basics video on examples of golden and dead crossoversCriteria for a dead crossover is that the short term moving average crosses below a longer term moving average while both are pointing lower.
Criteria for a golden crossover happen when a shorter term moving average crosses above a longer term moving average while both are turning higher
IN this example I have used a 55 and 200 day simple moving average.
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iotx golden crosswe have possible 90% upside on iotx with the golden cross pushing us out of resistances
0.036
0.040
0.044 are the last resistances
then i am targeting
0.064
BTC BULLISHWe observe a bull penn on the 4hr with a 29k target
a golden cross 50 crossing 200 is happening on the daily today
we have closed above 24400 yesterday and remian above halfway through today
Targets DYOR
But i will say if we break 26 there seems to be very little stoping us all the way into the 28ks
BITCOIN and the Daily CrossThis is a continued post from The Desperate Push to 26k, the avoidance of the weekly death cross.
Please review previous post before reading and boost/share for visibility.
Simplifying the outlook, these are the only two things I am currently looking at. The Daily and Weekly, golden cross vs death cross. I'll take the shorter timeframe in this bout, so a golden cross on the daily to turn the death cross on the weekly around. To do this Bitcoin will have to move up from this range shortly to the 26k-30k range.
The last 5 golden crosses on the daily have resulted in:
21,Sep,2021: 46k>68.5k
16,May,2020: 10k>64k
17,Feb,2020: 10k>market bottom
21,April,2019: 5.5k>13.7k
28,Oct,2015:$300>20k
This is not financial advice. Please take this as an analysis only and trade on your own terms.
BTC VS TOTAL 1W - Pattern invalided? During Deathcross BTC creates first the cross then TOTAL
During Goldencross TOTAL creates first the cross then BTC
The last Goldencross now in February (2023) BTC created first the cross then TOTAL.
Is the cross invalided?
Furthermore the next levels are 9% to next Reversal Point. Price: $26780
The average of 35% (based on the 2 previous Golden Cross) gets us to $29200.
Date Date. Days of. Price. Price
Start End Type Differene Open Close Difference Market Days 1st 2nd
01/04/18 08/04/18 Deathcross 8 $6.808,00 $7.020,00 3,02% -5%. 8 BTC. TOTAL
19/04/19 24/04/19 Goldencross 5 $5.258,00 $5.416,00 2,92% 150% 63 TOTAL BTC
13/10/19 26/10/19 Deathcross 13 $8.280,00 $9.244,00 10,43% -37% 36 BTC TOTAL
14/02/20 18/02/20 Goldencross 4 $10.360,00 $9.684,00 -6,98% -53% 25 TOTAL BTC
25/03/20 02/04/20 Deathcross 8 $6.737,00 $6.751,00 0,21% 50% 46 BTC TOTAL
19/05/20 21/05/20 Goldencross 2 $9.800,00 $9.071,00 -8,04% 35% 95 TOTAL BTC
19/06/21 07/07/21 Deathcross 18 $35.767,00 $33.836,00 -5,71% -22% 38 BTC TOTAL
31/08/21 16/09/21 Goldencross 16 $47.116,00 $47.775,00 1,38% 36% 39 TOTAL BTC
14/01/22 23/01/22 Deathcross 9 $43.097,00 $36.224,00 -18,97% -19% 9 BTC TOTAL
07/02/23 13/02/23 Goldencross 6 $23.243,00 $21.780,00 -6,72% ONGOING BTC TOTAL
DASHUSD golden cross; testing inv h&s neckline If it can sustain the golden cross then it should validate this inv h&s breakout and head to the $70 target. We can see it has already broke above the neckline once need to see it back above again and maybe close a weekly candle or 2 above it. On its way to the 70 dollar target it would create bigger inv h&s patterns/necklines along the way that would also most likely confirm a breakout from and lead to even bigger targets but we must take this one step at a time first….as of now we haven’t even confirmed this first one will breakout just yet. *not financial advice*
GOLDEN CROSSToday, Medipharm Labs's 50-day moving average line crossed above its 200-day moving average line, forming a GOLDEN CROSS, a STRONG BULLISH signal.
Today, the stock went up by 13.33% on more than 4 times average daily volume.
Tradingview's technical analysis summary is BUY:
www.tradingview.com
GLTA!
Balance point - BTCCross point for the EMA and the possibility that the BTC price can exactly touch the cross at the moment of contact.
Same crossing point with regards to ADX, while for RSI one could see an inflection point at 50 points as a descent looking for a rebound to 30 points.
The situation has never been so balanced between bears and bulls.
$BTCUSD Golden Crossed!!!Ok, I know there is A LOT of technicals out there, Fibonacci, moving average, pivots, Elliot wave, RSI volume, price volume, etc., However, one that is sorta high up on the priority list is the Golden cross (50 day moving average crossing above the 200 ma). Any technician knows about.. the flip side is the death cross.
Well Bitcoin just golden crossed this morning. So that’s now, the Dow Jones (golden X’d in mid December), the S&P500 (golden X’d on Friday 1/27/23) and Bitcoin..the Nasdaq has not crossed yet.
IMMINENT GOLDEN CROSSMedipharm Labs's 50-day and 200-day moving average lines are a quarter of a penny from forming a GOLDEN CROSS, a strong BULLISH signal.
Extrapolation of these lines strongly suggests that they might form a GOLDEN CROSS this coming week.
Also, the Accumulation/Distribution indicator has clearly been trending upwards.
Tradingview's current technical analysis summary is STRONG BUY: www.tradingview.com
GLTA!
Pitbull Token price crossed over EMA 200 Daily!!!Pitbull Token price just crossed over EMA 200 Daily after several months..I hope it can fly soon!
Not Financially Advised!
🟩 GOLDEN CROSS turns $100k to $72M 👇WHAT IT IS
A Golden Cross occurs when the 50ma crosses over the 200ma. Having the 50ma above the 200ma is commonly considered a bullish market condition – and generally it is. Before we have looked at SPX Golden Crosses dating all the way back to 12/31/1928.
BY THE NUMBERS
How does the GOLDEN CROSS Compare against Buy&Hold from 1928 to 2023
👉 Golden Cross turns $100k to $72M
👉 Buy&Hold (SPX) turns $100k to $16M
Annual Return % for Golden Cross 7.25% vs 5.57% on the SP500