Weekly RSI bullish divergence plus break-out above the downtrend line. Still in the accumulative zone and previous week closed TD5 Downtrend and this week on TD1 Uptrend. Moving Average Convergence Divergence (MACD) indicator also showing bullish divergence and crossed to bull mode. Overall this looks like a great entry and if it goes lower even better to scale in...
Higher Timeframes are making bullish divergence now which is a good signal to enter a long or buy. RSI made a higher lower while price remained at same local low area (if price made a new low would even have been better) and we can also see three clear waves indicating this could have been (higher odds) the last corrective move for this RSI channel. Price of 7676...
Welcome dear readers who love to read some technical analysis and structure their trade logic and entries a bit more. We will be using the Project Eagle Eye indicator to get fibonacci target ranges based on the range swings and also take the automatic gann box lines as an indication for support and resistance. Furthermore, the use of a logarithmic MACD over the...
Weed stocks start to bounce, price in lower buy zone and still above longterm lower support trendline. Could have been a minor fake-out of the triangle and once inside can test 8.13 USD
Target of 61.8% from ATL = 74.78% Marketcap Dominance, after that retracement to 67.18
Close to buy zone, also numerous bull divs present and appearing to be in minor last wave (1-5) plus in larger falling wedge. Would look for a buy now in upcoming week.
Nothing in this chart is random, it's all based on the primary triangle.
Once upon a time a massive explosion happens in the vast emptiness of space and the sky is filled with hot brilliantly glowing gas of many colors. From the remains new galaxies are formed and civilizations arise over the millions of years when you look from the big perspective. The only way to keep track of time and space is when you look from a far distance so...
Major targets are those of the broadening wedge, for full candle close and wick. TP at 14120 and 14541.
If the wedge breaks down price will make a deeper correction.
Todays announcement is for MAID/BTC. This is one of the best trades around at the moment; with re-listing and probably even more listings in future, break-out of this wedge that took long time and active dev-team on github things are looking promising. Based on my chart MAID should hit ~4400 in near future as FIRST stop, which is around 60%+ from here, then wedge...
Ideal buy at 160-210, expecting retracement up now from 326 to 400ish.
Two fractal paths that have a good chance to play out.
Trend lines, Fibonacci target of ABC, give it some time big picture looks at big up retracement. Good luck trading, -TheTrex