Bitcoin’s "Death Cross" Bitcoin's drop below $58,000 has triggered a "Death Cross," signaling a potential new wave of selling. This pattern occurs when the 50-day moving average (DMA) crosses below the 200 DMA.
Sma50
Logarithmic chart of Bitcoin, Time interval monthly.Hello everyone, I sketched an approximate price movement on a logarithmic chart.
The reversal of NASDAQ ?It almost touched the SMA50, which indicates us that it has the role as a support. A lot of wicks in this area. Personally, I see it hit a bit lower than the previous resistance(the double top). The path tool illustrates the way it will react.
LONG Breakout ADOBE After Q1 after consolidationWhen discarding covid19 effect, only once since September 2012 has SMA200 been above SMA50.
Right now there is a balancing act going on.
Yet over this week the price has broken out from the previous 3 tops and had strong support in 420-430 after Q1 postings.
Since then there has been a strong RSI14 development and is showing a strong yet not "overbought" tendency.
I have entered long in 515.23 today, as the spike in price over the last 3 days will ensure that SMA50 will stay above SMA200.
NDX is resilentSo much for the premature announcement for the return of value stocks. Besides industrials and utilities sectors, the pecking order remains the same in Sept.
NDX has recouped a big chuck of its loss since early Sept and seemed to have shrugged off other recent negative news.
BYND- Danger zoneShort it at the supply zone (132 to 140) and close the position at the target lvl coincides with SMA 200!
LTC/USD Daily outlookLTC/USD Daily outlook
Litecoin is getting closer to a falling wedge pattern breakout most likely to recover some lost territory heading to $100.
The drops are slowing down as shown by the Poshtrader Hull Moving Average period 50, where Litecoin price has broken out above the trendline resistance.
However, the Litecoin bulls must reclaim the support at $45 to avoid declines into the $30’ range.
*The RSI recovery towards 50 shows that the bulls are ready to retrieve command and move some action upwards.
*The Poshtrader Hull Moving Average is supporting the current price level
*The Simple Moving Average 50 Gap has started to narrow.
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Avnet uptrend retreat - Hammer @50smaAVT has been in a consolidation pattern since July 10th, with a bull technicals behind.
Last candle today is a hammer. Showing buyer strength when price fell to $43.6.
Technical data
Price just below SMA(50)
Price just above SMA(200)
RSI @56 trending higher
OBV confirming trending higher
Directional move index turned positive
If we can continue above the SMA(50); that would confirm the trend.
** I recommend not buying until we see Monday sentiment after Trump's meeting with Xi.
Happy trading!
dorfmanmaster
$NOMD Long setup$NOMD bounced off sma50 support, at the lower end of its Bollinger Band. Looks like a good entry spot.
$MNTA Price is holding the sma50$MNTA Is uptrending, it just gapped down to its sma50 and bounced off that level. $25.00 looks like the area of support, it was also a previous swing high resistance, so now it should be a swing low support. The stock closed green when major U.S. indexes closed red, so it's a sign of strength.
$COR Long Setup$COR Just bounced off the sma50 support, the mid-term trend is up. Looks like a good entry point.
$PSB Long Setup Reits are strong lately. $PSB Just bounced off its trendline and sma50 support. Let's see if it continues trending higher.
$129.35
$NTRA Long setup$NTRA Already up 182% year-to-date. Today it bounced off the sma50 and printed a hammer candle with 1.82x average volume. Looks like a good entry spot with a stop-loss on close below the sma50.
Ref. price: $25.29
$WRE Long setup$WRE Trending along the sma50. Currently offering a good entry spot with the sma50 as support.
$31.30
$GNL Channel up$GNL Testing bottom of the channel, close to support area. Let's see if it keep trending. $21.25
$RDWR Testing support$RDWR is up 40% ytd, currently testing the sma50 support, looks like a good spot to open long.
$LSI Long setup$LSI uptrending since february, yesterday tested the sma50 and bounced off, good r/r.
$EXPE Long Setup$EXPE Bouncing off the sma50, looks like a good entry point.
Entry yesterday $128.94
$FXY More downside ahead?$FXY Topped on late March, marching lower since then. Rejected twice at the sma50 (dynamic resistance). Today it closed red. More downside ahead? Closing price: $86.02
