Hello Traders! Today’s update will focus on ZRXBTC which has broken the 200 MA, structural resistance still in play Points to consider, - ZRX respecting trend line - Structural resistance to break - 200 MA support - RSI resting on support - Stochastics in lower regions - Volume below average ZRX has put in consecutive higher lows in place, respecting the...
The markdown in Phase D of the distribution of PSG stock is gaining momentum. We have analysed the distribution structure in the posts below but it is now playing out to test the bottom of the trading range.
Sasol is looking week. Price was unable to get back to the breakout level and after an upthrust (UT) and lower volume test price has pushed down to the previous low. Now it looks like the next markdown is about to start with some volume.
After testing the yearly pivot point the resources index is continuing with the upward trend. Negative divergence and some volume in the market indicates that there were buyers buying into weakness during the test.
Hello Traders! Exciting update today on LINKBTC which is looking quite bullish forming a symmetrical triangle in a blue sky breakout Points to consider, - Trend putting in consecutive higher lows - .236 Fibonacci – Local Resistance - 50 Moving Average, holding support - RSI travelling into wedge - Stochastics in lower regions - Volume declining LINKBTC...
Hello Traders! Today’s update will be on BTC, forming a bullish Cup and handle pattern that will only be confirmed upon a break of structural resistance. Points to consider, - Probable bullish pattern - Clear structural resistance - EMA’s barely holding BTC - RSI putting in lower lows - Stochastics in lower regions - Average volume BTC is currently trading...
Evening Traders! Welcome to today’s update, focusing on XRPUSDT pairings, which is testing a critical support zone with an evident hidden bullish divergence. Points to consider, - Consecutive higher lows in place - Testing structural support (.382 in confluence) - Local resistance to break - EMA’s holding price - RSI diverging - Stochastics in lower regions...
After some significant supply (Volume increase) we have had the break lower as expected (See post below). Now we follow the markdown.
Hello My Followers! Today’s update will focus on BTC’s higher timeframe, trading very close to its apex where key levels diverge - a trade opportunity is coming to fruition! Points to consider, - Strong bull trend on weekly - Key support/ Resistance converging - 21 week MA as key support - Volume currently below average - RSI broke key resistance...
After an accumulation trading range, Quilter is being marked up in a defined upward stride. Price has now reached the overbought line and it is time for a pullback. Volume has climaxed and it is possible that this could be the start of another trading range.
Massmart has seen high volume from buyers pushing price up. After a short accumulation range price is now being marked up. Price has broken the 200 day sma. The relative strength has turned up and there is negative divergence on the volume RSI indicating effort without response.
Reinet has been undergoing markup after accumulation (See posts below). Now price has reached the overbought line of the upward stride and it is time for a pause.
PSG has been undergoing distribution (See posts below). After a last point of supply (LPSY) we are now seeing a continuation of the markdown in Phase D. Volume is increasing on declines and last week we have seen volume increase after a pullback to previous support. The relative strength against the Top 40 is also declining.
After distribution and a backup (BU) to the trading range the markdown of Nedbank started. After the breakout of the BU trading range we now have a retest. Volume increases on the declines and negative divergence on the volume RSI there is some momentum pushing price down. The relative strength is declining and NED is weaker than the market.
Hello Traders! Today’s chart update will be on HEXO CORP where we have a probable bullish divergence forming on the daily. Local resistance is a key level to break to show first signs of a possible trend change. Points to consider, - Clear bear trend intact - Bullish divergence forming - Local resistance to break - Stochastics in upper regions - RSI respecting...
Support on EUR/USD got breached Let’s first start with looking at a Daily chart of EUR/USD. There has been a pretty significant development! Significant support (from Daily time frame) got breached and now it seems that lower prices (below this support) are being accepted. This would mean that this support will become a resistance. Currently, it is still a bit...
Hello Traders, Today’s chart update will be on the immediate trend of BTC where we have bearish divergences forming at key structural resistance in a rising wedge formation, which serves as a bearish pattern. Points to consider, - Immediate trend bullish - Local support at $9470.00 - Structural resistance being tested - Stochastics in upper regions - RSI...
After a selling climax (SC) in March 2019 Aspen has been undergoing accumulation. A spring occurred in August and the markup in Phase D after that. Increases in volume on rising prices indicate buying. Volume and volatility has been muted indicating the stock is being held by strong hands. After a backup (BU) at the breakout level and yearly pivot point some...