The_Alchemist_Trader_

The_Alchemist_Trader_

Hello Traders, As promised, a different chart everyday! Today’s chart will be on AIONBTC, a potential 246% bounce from major support! Points to consider - Testing major support - Stoch’s showing upwards momentum - RSI bouncing of support - Potential bullish Divergence - EMA’s acting as resistance - High Volume spikes - VPVR showing low volume of...

The_Alchemist_Trader_

Hello Traders Today's chart will be an update on BCHUSD!, Potential inverse head and shoulder! Points to consider - Potential Inverse head and shoulders - Volume declining on right shoulder - Calculated target would be a potential double bottom - VPVR showing low volume of transactions after support - EMA’s acting as resistance - RSI putting in lower highs...

The_Alchemist_Trader_

Hello Traders! An update on BTC’s recent price developments Points to consider - Broke bearish from apex zone - EMA’s providing resistance - RSI Putting in Lower Highs - Stoch’s showing bearish momentum - Volume has increased - Next support is the green zone - Fibonacci extension in confluence with support BTC has finally broken out of its equilibrium...

The_Alchemist_Trader_

Hello Traders, Today’s chart will be an update on LTC! Points to consider - Major Support being tested - Retracement to .618 Fibonacci line - RSI neutral - Stoch’s looking to turn - EMA’s acting as resistance - Volume below average - Heavy volume of transactions after support according to VPVR LTCUSD is in a very interesting area where it is bound to...

The_Alchemist_Trader_

Hello Traders, Today’s chart will be an update on BTC’s recent price developments on the hourly chart Points to consider, - Support is at the .618 Fibonacci - Resistance is at the .50 Fibonacci - RSI is respecting the trend line - EMA’s acting as resistance but looks weak - Volume below average - Equilibrium playing out BTC is approaching decision time...

The_Alchemist_Trader_

Hello Traders, Today's chart will be an update on BTC's recent developments, Points to consider, - Consolidation phase with an equilibrium - Major support is around the green zone - Major resistance is around the red zone - EMA's acting as resistance to price - RSI Support line is being tested - Stochs neutral - Volume declining - Fear and Greed index...

The_Alchemist_Trader_

Hello Traders, Lets have a look at CGC - Canopy Growth Corporation Points to consider - A clear Triple Top - Overall trend putting in higher highs - Stoch in lower regions - RSI coming into a tighter pattern - Volume declining rapidly - VPVR showing low volume of transactions after this support - EMA's giving price resistance CGC has had a strong bull...

The_Alchemist_Trader_

Hello Traders, Welcome back to another chart, today's chart will be on NEO, formerly known as Ant-Shares, surely a re-brand back? Points to consider, - Price testing resistance zone (Red Zone - .382 Fibonacci Zone) - RSI bouncing of overbought region - Stochs showing downwards momentum - EMA's action as support for price at current given time - Volume is near to...

The_Alchemist_Trader_

Hello traders, Another day Another chart, Today's chart will be an update on BTC's recent price action Points to consider - Break was bearish with above average volume confirming bear flag - Another potential higher low in place - .618 Fibanacci Zone acted as resistance - Price currently testing support which is in confluence with the .786 Fibonnaci Zone...

The_Alchemist_Trader_

Hello Traders, Today's chart will be on XRP's current price action, Points to consider - Overall trend is bearish - Major structural support broken - RSI coming out of oversold conditions - Both EMA's acting as resistance - Below average volume - Potential bullish divergence - VPVR showing low volume of transaction at current area and resistance The...

The_Alchemist_Trader_

Hello Traders, Today's chart will be an update on ETHUSD’s recent price action, Points to consider, - Still maintaining overall establish uptrend - Currently testing major structural support - RSI coming into apex, wedge formation - Stoch showing upwards momentum - Volume declining rapidly - EMA's acting as resistance currently - Retracement to Golden...

The_Alchemist_Trader_

Hello Traders, ' Today's chart will be an update on GOLD (US$/OZ) based on previous chart posted on 06/21/2019 ( Feel free to have a look!) Points to consider here - Inverse Head and Shoulders Valid - Price broke multi year long resistance zone, now turned potential support - Price has reached calculated target of this inverse head and shoulders ( Blue...

The_Alchemist_Trader_

Hello Traders, Update on BTC's recent developments, Points to consider, - Sharp advanced decline into pattern, - Key characteristic of a bear flag - Price is in a narrow range - Major support broken, support was in confluence with the .618 Fibonacci level - RSI recovering to neutral zone - Stoch's on downwards momentum - EMA's providing price resistance...

The_Alchemist_Trader_

Hello Traders, Today's Chart will be on MATICBTC Points to consider here are, - Bullish trend on the 4hr time frame - Next Major resistance is at around the RED zone - RSI on upwards momentum, putting in Higher High's - Stochs looking into upwards momentum - EMA's currently giving price resistance but looks weak - Below average volume coming into Apex...

The_Alchemist_Trader_

Hello Traders, Today's chart will be focused on ETHUSDT Points to consider here, - Price is coming into an Apex area - decision time - Testing major support (Green Zone) - Fibonacci retracment .618 is in confluence with major support - RSI is approaching major overextended levels - Stoch's is on downwards momentum - EMA's acting is resistance giving price...

The_Alchemist_Trader_

Hello Traders, Update on BTC's recent developments, Points to consider - Still in an upwards trend on the 4 hour - Currently testing support which is in confluence with the .618 Fibonacci line - RSI severely oversold, we need to see it break this resistance for a pop back to neutral territory - Stoch starting to show signs of upwards momentum - Bull Volume...

The_Alchemist_Trader_

Hello Traders, BTC update on the larger scale, we could be seeing yet another descending triangle after this parabolic rise, Points to consider: - Parabolic rise into descending triangle - Completion of possible wave 5 - Three Touches confirming price resistance, macro lower highs - Volume Tapering off in a similar fashion - EMA's looking to turn bearish -...

The_Alchemist_Trader_

Hello Traders, Today's Technical Analysis will be on LINKBTC with its decent retracement from its blue sky breakout. Points to consider - Held support at the .618 Fibonacci level (Fib levels are only considering body candles not wicks in this TA) - Three touches confirming trend line - Structure has been putting in lower highs and higher highs - Potential...