On the above 5-day chart price action has corrected 95% since a sell signal in April 2021. A number of reasons now exist to be long.. 1) You know why. 2) Price action and RSI resistance breakouts. 3) Strong positive divergence between the oscillators and price action. This divergence is measured over 100 days. 4) Price action finds support on the golden ratio...
On the above 2-week chart price action has corrected 85%. Popular finance articles and now even legal action is proposed, everyone is a bear. “Investors who lost money on Endava plc(DAVA) should contact The Gross Law Firm about pending Class Action - DAVA” PR Newswire, Oct 7th Seriously? Price go down and your response is legal action?! That’s bitter. Should...
On the above chart price action has corrected 30% since late September. A number of reasons now favour a long position, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows. 3) Support on past resistance. (yellow arrows). 4) The bull flag confirmation forecasts an 80% impulsive move. Is it possible price action...
Yes, 10,000%. On the above 12 day chart price action has corrected over 60% since March. A number of reasons now exist for a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support confirmation. Orange arrows. This is called a double bottom. 3) Trend reversal. A higher high has now printed just like the one before it in August...
On the 5 day chart price action has corrected 90% since closing the previous idea (below) on June 21st 2023 after a 200% rally. A number of reasons now exist to consider a new long position now that the short is closed. 1) RSI resistance breakout and backtest confirmation. 2) Strong regular bullish divergence. Look left. 3) Monthly support. See below. 4) No...
This is one of those charts that does not need a huge amount of explanation. It is a 5 day chart comparing October 2020 (prior to the bull run that followed over the next 6 months). There are many fractals with that time and the present day. 1) Notice the life cross? Green arrows. 2) Notice the 5-day/200.sma resistance before the breakout? Red arrows? 3)...
On the above 10 day chart a bull flag is identified. In addition RSI has recently confirmed the 52 level as support. This is an important indication on this timeframe, look left. When does 128k strike? Don’t know. No one does. However it happens before June 2025 or not at all. When it happens, that is the market top. Exit all crypto positions by this time. Is it...
On the above 2-week chart uniQure N.V. price action has corrected 90% without the aid of share splits. A number of reasons now exist to consider a long position. They include: 1) Price action returns to legacy support. 2) RSI resistance breakout. 3) Strong positive divergence as measured over a 2-month period. Look left. 4) No share splits. 5) Price action...
On the above weekly chart price has enjoyed a massive 3000% rally. A number of reasons now exist to be bearish. They include: 1) Broken market structure, failed support. 2) Trend reversal. 3) High negative divergence. Almost as strong as the positive divergence the rally began with. 4) The target areas for support include 60% and 80% correction to $8 and $5,...
And possibly below $10 after that? Most if not all Alt-tokens have returned to their 2017 lows with 95% to 98% corrections since 2021. Pick any token popular at that time: 1) DASH.. 95% correction with a return to $25 in 2023 as it was in 2017. Inflation adjusted, the price should be $19! A bucket of expired sardines in a Norwegian Fish-market has gained more...
On the above 12 day chart price action has rallied almost 300% since the lows of 2023. A number of reasons now exist for a bearish outlook. They include: 1) Broken RSI and price action support. 2) The RSI 50 level is an incredibly important level for chainlink overall. Look left. Red arrows. Rejection from 50 has never been a good thing for price action with the...
On the above 12 day chart price action has increased 450% since March 2022. A number of reasons now exist for a bearish outlook. They include: 1) Failed support for price action and RSI. 2) Regular bearish divergence, lots of it. Seven oscillators print negative divergence with price action. Look left. 3) The rising wedge breakout and backtest. On confirmation...
On the above weekly chart price action has corrected over 90% since April 2021. A number of reasons now exist to be long, including: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Higher highs higher lows replace lower highs lower lows. 3) Confirmation of support on past resistance. Horizontal blue channel. 4) The flag pattern flagpole...
On the above 3 day chart price action has jumped 2200% from the lows of January 2023. A number of reasons now exist to expect a significant drawdown for price action. They include: 1) Price action and RSI support failures. 2) Double top in price action. 3) Price action rejects support on rising channel. 4) Price action confirms resistance of the 3-day / 50.sma...
On the above 2 day chart price action has entered a bull market. We define this as: 1) The 2-day 50-day SMA (blue line) crossing up the 2-day 200-day SMA AND 2) Price action above the 2-day 200-day SMA. Both of those conditions have now confirmed. The Dollar index is in a bull market. The previous life cross (idea below) printed in November 2021. The dollar...
On the above 3 week chart price action has corrected almost 90% since mid-2021. The correction has now printed a break of resistance. The resistance breakout was preceded by significant bullish divergence. This divergence is measured over the same period of time as the bearish divergence that signalled the market correction. There are no stock splits. Is it...
On the above 4-day chart price action has corrected 99% since January 2022. A number of reasons now exist to be long, including. 1) Price action and RSI resistance breakouts. 2) Multiple oscillators print positive divergence with price action. The higher the time frame you go the stronger the divergence. 3) While the market has been in full panic mode volume...
On the above 5 day chart price action has corrected over 70% throughout 2024. A number of reasons now exist to be bullish. They include: 1) Price action and RSI resistance breakouts. 2) Trend reversal. Notice the higher low? 3) The trend reversal follows strong bullish divergence, which has now confirmed. 4) Look left. Notice where the higher low is printing? On...