After a downtrend and selling climax (SC) Astral Food has been in a trading range for most of 2019. This looks like an accumulation trading range. There has been signs of strength (SOS) with an upthrust in May and markup in Phase D in November/December. After a backup (BU) on decreasing volume back to the yearly pivot point some volume is pushing price up. This...
Hello Traders! Welcome to another update, today’s chart will be on NEOBTC, currently trading range bound where a break bullish will put emphasis on a clear higher high and a probable trend change. Points to consider, - Range bound trading - .50 Fibonacci level – strong support - Structural resistance being tested - Stochastics in upper regions - RSI...
After the backup (BU) to the redistribution trading range Cashbuild is starting with the markdown.
Hello Traders! Today’s chart update will be on big daddy BTC, which has been trading at a key trade location where a move from is highly probable before or on February 10th (measuring previous consolidation at this current level). Points to consider, - Trend testing major resistance - POC local strong support level - Stochastics topping out - RSI trading in...
Aside from the visible possibility of a cup and handle pattern, upon tracing it out, the idea is supported by a volume decrease at the base of the "cup" and a volume increase towards the "handle". This bullish continuation pattern is further implied by fib support lines. Historical support/resistance lines indicate resistance to this breakout at approximately...
Growthpoint has been undergoing distribution since 2013. After an upthrust after distribution (UTAD) and last point of supply (LPSY) the trading range has now been broken and the markdown is gaining momentum. (See posts below following the markdowns start)
Hello Traders! Happy Monday, Today’s update will be on the good old BATBTC pairings where we have an equilibrium forming right above the .618 Fibonacci, will this formation serve as a continuation pattern to the down side, or a possible bull break? Points to consider, - Trend putting in a macro higher high - 200 MA and .618 are current support - POC strong...
Hello Traders! Today’s update will be on LTCBTC where we have had a bull flag breakout currently testing structural resistance, a close above this will confirm a trend change. Points to consider, - Resistance to break - Bull cross imminent 200 MA & 20 MA - Stochastics projected up - RSI respecting trend line - Volume above average - VPVR decreasing in...
Gold Fields has been undergoing re-accumulation (see posts below). After a pullback at the beginning of the year price is again pushing at the breakout level with some volume. There is further some signs of strength (SOS) on volume in the background. The relative strength is also turning higher.
Following the accumulation and markup of RDI Reit (See posts below) we have had a trading range which seems to be a re-accumulation trading range. The previous push higher showed a minor sign of strength. After some accumulation volume we now see some volume pushing the breakout level. Now looking for the break higher to take the next step higher in the markup.
Following Rand Merchant Investments distribution and markdown (see posts below) since 2018 price has marked down significantly. Volume has been increasing on declines and decreasing on increases. RMI is weaker than the market. Price is now approaching a significant volume node from the previous markup. However, there has been no significant volume spike indicating...
Following the distribution of Discovery (See post below) it seems that it is ready for the markdown. Divergences in the RSI, declining relative strength, failed test of the 200sma and failed test of the yearly pivot point all point towards the continuation of the markdown.
Hello Traders! Today’s chart update will be on AIONBTC where we have visibly increasing bull volume as structural resistance gets tested. Points to consider, - Trend still range bound - Structural support – Accumulation - Structural resistance yet to break - Stochastics in upper regions - RSI at overbought - Volume increasing AION’S trend is still range...
Hello Traders Today’s chart update will be on XLMUSD testing a key Resistance, the 200 MA, where a break will increase the probability of a confirmed trend change. Points to consider, - Short term bulls intact - 200 MA, major resistance - Structural support respected - Stochastics in upper regions - RSI respecting support - Volume declining XLMUSD’s chart...
Famous Brands price has been sitting at the 8000 level for some time but a break lower can potentially start the markdown. Following the distribution (See posts below) we were anticipating the markdown to start some time back but it looks like it has finally started.
I have been following the distribution of Tiger Brands. As indicated in December (see posts below) a consolidation at the breakout level was expected. After a significant bar with some volume the markdown is set to take the next step down.
Following the accumulation and markup of Reinet as indicated in the posts below. Now price has made new highs and the path is open for a strong rise.
The re-distribution of Redefine has completed and price is breaking lower. The markdown is gaining speed. See posts below following distribution.