More pain than gain imo, below 200ma. Tested it as resistance when it hit 9k and slowly rolling over IMO Sorry havent been posting much lately, crazy markets. Post a bit on twitter though. I like screenshotting and keeping a personal log of my charts and thoughts. Have a good day and keep it green
nothing really based here with momentum on the larger scale, MACD bars longer down. Breaks the 50ma weekly and it wont take too much to test that big red box IMO. 7.8 is crucial atm as it is the price of the hammer weekly when it nicked the 50ma.
Bunched up moving averages with a higher low on MACD and tightening spread. tested $5 support/resistance recently. Will watch closely.
Would like more volume follow through on the end of this pennant but checks out
On XAUUSD monthly there is higher lows into resistance with moving averages tightening up. With current nervous nellies about in the market, there is a strong possibility of a move up to the next range in the coming year.
AIS partner of ARE, held 50ma well and has done so for some time now. Pretty strong all things considered. One of its largest sell days in a while.
ARE along with many other holdings copped it on the panic. Very very strong support came in force at 2.1 as expected from previous charts with large buys. A very strong and great test of support today.
Almost nearly toughing the 50 moving average on the weekly, that was very very quick. Last time it touched it was late 2016 but had been in a trough, after it moved significantly and hit it was early 2014.
Historically when an ounce of gold buys 80 ounces of silver, silver is deemed undervalued. People (so I have heard) do this swap and then switch back to some gold on the lower supports. I believe personally silver is undervalued *not advice* Its stochastic is overbought on the monthly too
Copper has been holding well in between those two yellow lines and tested support and now resistance many times. Has held very well considering the broader market sell off currently Momentum is a bit overbought but has been consolidating well.
BTC weekly has now closed under the 20ma after holding above it since late 2015. It had broken the 20 moving average on some considerable volume after a weak bounce volume and price action wise off of it. There is still a large momentum swing down on all indicators. There is some prior consolidation on the three bars around 7600-6000 but I believe next step it...
UTR as previously discussed I thought would consolidate around 3.5-4c. It opened at 3.5 today (due to world market noise, profit taking etc) but held it on large early volume and bounced strongly off of support before pulling back to support on relatively low volume. It is the first timein a couple days on the 4h it has hit the 10ma too. There is some momentum...
AVH daily shows signs of a trend line break and a strong move through moving averages. But there is weak follow through so expecting a back test as it headbutts 200ma and tightens more before a stronger move. Stochs and MACD all turned up, shorter stoch in overbought and on low volume hence my expectation of a backtest/consolidation. Has had decent volume near...
ARE has held 2.5 on another large test of supply, I am confident 2.5 is now support. It has also tucked into and held the 10ma on the 4h with some positive divergence on the short term stoch and some turning up on the longer stoch and MACD. Some volume follow through into 2.8 as well. Needs to pass 3c on expanding volume and to reclaim the 50ma on the 4h.
CHK shows signs again of no supply onto 1.2 (15th of Jan was prior test) a lot of volume after the trend line break and crossing large moving averages on volume. Had expanding demand follow price. MACD and Stochs point to some more waiting for more supply onto 1.2 but are all currently trending up and still have a lot of room to move so may not take as long as I think.