ATOMUSD has Double Bottomed on the weekly timeframe at the PCZ of a Bullish Shark and is now holding above the 21-week SMA. If it holds, we could see ATOM breakout of the range and rise all the way up to a 61.8% retrace. From there it may then turn into a Bearish 5-0 but for now I'm just focused on the potential Bullish move upwards. The Shark pattern here is...
The AUDJPY has come up to test the PCZ of this Bearish Shark two times so far and it is now trying to come up for a third but has been slowed down by the 21SMA. If the 21 SMA manages to keep it down I think we can get an impulsive move down to around the 800EMA at 92.50
This double top on MSFT screams downside for the Stock Market in August, don't it? July 31st 2023. Levels = From 335 down to 320 316 off 21 SMA. 21 SMA bounce right here??
Hey guys just thought I'd share this cool use of moving averages on BTC/USD.
I'm liking how this chart is looking for COINBASE:BTCUSD . Before we get into it, the 50 Day, the most important for today, is yellow, the 200 purple, and the 21 blue. Yesterday (8/1) we were watching to see if BTC would hold above the green zone of the pitchfork and confirm this potential new trend, and thus far that is exactly what we are doing. The wicks...