Anglogold has undergone a re-accumulation trading range. After a buying climax (BC) at the end of August 2019 accumulation has taken place at the lower half of the trading range. A spring with test has taken place in November / December 2019 with minor signs of strength towards the end of 2019. Volume has declined on the pullback and today we have seen some ease...
A smaller redistribution trading range, after the larger distribution trading range (see posts below), has formed. After an upthrust (UT) and last point of supply (LPSY) the markdown is set to continue.
Hello Traders! Today’s chart update will be on EOSUSD which has a bull flag forming above the 200 MA average after breaking bullish from a descending broadening wedge formation. Points to consider, - Trend broke bullish - 200 MA serving as support - Local resistance from Fibonacci Extensions - RSI respecting support - Stochastics projected downwards...
Hello Traders! Quick update today on BTCUSD's immediate trend, where we have a probable falling wedge formation bound to break. Points to consider, - Trend testing resistance - .382 and 128 MA holding support - Stochastics in lower regions - RSI respecting trend line - Volume declining BTC’s immediate trend is trading very close to its apex of this...
Octodec has seen some effort without response. Supply is stepping in at lower and lower prices and testing the 1500 level. With supply diminishing I am now waiting for the break lower.
Capital & Counties have been trading in a downward sloping range. After what looks like a spring price has moved to the upper trend line where sellers stepped in. However, the selling off the peeks has been unable to push prices lower, making higher highs. With volume declining it looks like supply is being absorbed. Once this block of shares has been sold price...
Hello Traders!, Today’s chart update will be on a stock called NIO (referred to as the Chinese TESLA), which has come out of a bear trend approaching key resistance. Points to consider, - Strong uptrend in fruition - Structural resistance yet to break (.50 Fibonacci in confluence) - MA’s crossed bullish - Stochastics in upper regions - RSI in overbought...
Following the distribution and markdown of AVI (See posts below) we have been testing the overbought line for some time. After testing the yearly pivot point at the start of the year it is possibly ready to continue the markdown.
I have been waiting for the markdown to start in Old Mutual (See posts below) for a while. However, price has been testing the 2000 level but has been unable to break it. With a significant bar with some volume the last two days the new year might finally bring the markdown.
Hello Traders! Today’s update will be on BTC’s daily chart where it has been rejected from the golden pocket, a correct may be imminent due to heavy resistance confluences. Points to consider, - Trend testing strong technical resistances – Golden Pocket & Regression Trend - Local resistance - 200 MA - Local support at .786 Fibonacci - Stochastics topping out...
BHP has consolidated for the best part of 2019. Now we have seen a spring and markup in phase D starting. Looking for the markup to take price above the highs in 2020.
Hello Traders! Today’s chart update will be on LTCUSDT where a key structural level is being tested, a break will confirm a trend change. Points to consider, - Higher high probable - Structural resistance in confluence with .236 Fibonacci - EMA’s cross bullish - RSI trading in overbought - Stochastics in upper regions - Volume increasing LTCUSDT has a...
Hello Traders! Today’s chart will be on BTCUSD which is testing a critical level where a break bullish can negate this long weekly bear structure, as the lower high trajectory will be broken. Points to consider, - Weekly trend bearish - .50 Fibonacci as resistance - EMA’s as support - Stochastics in lower regions - RSI hitting resistance - Volume...
I have been waiting for a more significant pullback to the larger trading range but Clicks is acting very strong. After a short consolidation price is breaking higher and not looking back. Time to go with the flow. See previous posts for analysis of the structure.
After some large volume, the volume has declined and price is gaining momentum after the distribution. See post below discussion the distribution that is now playing out.
BTCUSDT has broke the resistance of the big wave and that has opened a great buying trade from the support to the targets shown above on the chart , and with a real time targets using our indicators . Indicator List : AZV Volume Power Volume analysis Tool
Hello Traders, Today’s chart update will be on XRPBTC with a probable bullish divergence coming to fruition if local resistance is broken. Points to consider - Trend testing key levels - Local resistance to break - EMA’s currently support - Stochastics neutral - RSI respecting trend - Increase in volume Trend is testing technical levels and holding, an...
Hello Traders! Today’s chart update will be on APHA which is forming an inverse head and shoulders, close to breaking its neckline. Points to consider, - Trend change attempt - Structural Resistance/ Neckline being tested - EMA’s acting as support - Stochastics in upper regions - RSI at resistance - Volume increase APHA is attempting to change its trend...