Hello Traders, Quick Update Today’s chart we be on BTCUSDwhich is testing a critical support level Points to consider, - Trend bearish - Major support being tested - Stochastics in lower regions - RSI approaching oversold - EMA’s giving price resistance - Volume needs to increase BTC has put in consecutive lower highs with no clear sign in trend...
Hello Traders! Welcome to another update, todays chart will be on NEOBTC currently resting on the .50 Fibonacci level, will bulls have momentum to push NEO further up? Points to consider, - Trend change attempt - Double bottom as local support - EMA’s giving resistance - Stochastics in lower regions - RSI bouncing of support - Volume clearly declining A...
Hello Traders – Merry Christmas! Today’s chart update will be on CANNAROYALTY CORP OH where a valid bullish divergence has come to fruition. Will OH have enough momentum to break local resistance and put in a new higher low? Points to consider, - Trend bearish - Local resistance at 4.950 - Local support provided by EMA’s - Stochastics in upper regions...
Hello Traders! Welcome to another update today, this time on BTCUSD daily timeframe On the daily chart we have very clear levels that need to be watched in terms of support and or resistance. Bitcoins next move will equate to either break of support or a break of local resistance - $7800, a very key level. Points to consider, - Trend bearish - Local...
Hello Traders! Today’s chart update will be on BNBBTC, testing a strong structural support which is in confluence with its long term trend line. Will BNBBTC respect this technical level? Points to consider, - Trend Bearish - Structural support being tested - Structural resistance needs to break - Stochastics in lower regions - RSI oversold - EMA’s giving...
Hello traders!, Today’s chart update will be on BTC CME Futures chart which has just put in a new gap that will most probably fill sooner rather than later. Points to consider, - Trend hitting resistance, .618 Fibonacci - .382 Fibonacci is local support - RSI in overbought territory - Stochastics in upper region - EMA’s yet to meet price - Volume below...
Unfortunately, my original that I have been working on now for a few days has been wiped away after a refresh of the browser. I am not going to attempt to rewrite what was once written. To break things down quickly, I really just wanted to know if there was any kind of pattern that could be found while analyzing previous weeks that Christmas fell on. I wanted...
Hello Traders! Welcome to another chart update, Today’s chart will be on Stratis which has broken a key structural resistance level, now potentially support upon a retest. Will Stratis continue with this bullish bias? Points to consider, - Daily trend change - Key structural resistance broken - Stochastics trading in upper region - RSI in upper region...
Hello Traders! Today’s chart update will be on BTC after its pump, which has put in yet another lower high in the trend. Will this S/R flip hold BTC and break key resistance line? Points to consider, - Bear trend still intact - S/R flip coming to fruition - Key resistance line to break - Stochastics in upper regions - RSI in upper region - EMA’s turning...
Volume divergence to me is valuable, it says a lot if properly examined. So the the main thing that is obvious here is the bearish volume divergence. The late 2017 high compared to the mid 2019 high, with volume compared shows clear divergence. This should have been a big warning sign as it formed. Something more interesting is if you closely examine the price and...
Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns. Triangles and ranges are consolidation chart patterns that can breakout either direction. Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the...
Hello Traders! Today’s chart update will be on BTC which has a probable bullish divergence as price travels close to its apex. Will BTC respect its uprising trend line in this regression trend? Points to consider, - Trend in control by bears - Structural Support to be tested - Resistance retest confirmed - Stochastics in lower regions - RSI respecting...
Hello Traders! Welcome back to another update, today we will have a look at the BTC CME Futures chart, where a new gap has come to fruition. Will this gap get filled sooner rather than later? Points to consider, - Trend Bearish - Price testing .618 Fibonacci - Strong down trend resistance - RSI in oversold conditions - Stochastics in lower regions...
Adcock Ingram is being distributed by large players. After breaking the upward stride there has been a significant increase in volume with selling pressure. Price has backed up to the trading range and the markdown could begin.
Mr Price has seen volume increase as buyers step in (see post below). After stopping volume there has been a break of the accumulation trading range (TR) with a major sign of strength (SOS). There has been a backup to the TR but could not break back into the range. Now watching for the markup phase to start with the break of the recent highs.
It looks like Afrimat is being distributed. Following the Wyckoff logic, we have likely seen an upthrust of distribution (UTAD), a test to the UTAD and am now looking for the markdown in phase D. The distribution started after a throw over of the overbought line forming a buying climax (BC), automatic reaction (AR), secondary test (ST) in phase A. Some volume of...
BID Corp has tested the breakout level at R320 and now is ready for the upward stride to continue. Some good volume indicates that the upwards stride could continue.
Patiently following the distribution of Growthpoint (see posts below). Last week was a high volume down week indicating that the decline could gain momentum and break below the trading range (TR).