CRON low of Friday was just below the .5 retracement from low of consolidation to all time high 13.39. It had the weakest bounce Friday out of the big four, rejecting hard from the .382 dump retracement whereas other names hit the .5 or in the case of APH hit the .618. Watching the hourly chart for a break of it's tightening range to indicate short term momentum...
APH After retracing almost .5 of the move up from the low of consolidation before the constellation news breakout to our recent high, I was watching for a lower high to be set in the mid $19 range, right around where we closed Friday. It will be notable if the bulls keep pushing higher, and when they tire out I'll be watching for a higher low compared to low of...
I mentioned in my last BTC post that I was looking for BTC to set a higher low on the weekly compared to 5858 and then for bulls to take over to set a lower high. BTC is bouncing from 6119 and has changed the 4hr uptrend for the first time since the dump on September 5th. For me to be confident that the weekly higher low has been established and for bulls to...
ONT saw almost 12 hours pass before the inside bar finally broke bearish. Higher lower patter broke, and we are in full bear mode right now. Bulls continue to lose the moving averages as support. If you look back before the last bear break, the bulls were coming in HOT with volume to keep the moving averages as support. Eventually their steem ran out and now the...
ONT bulls come out swinging today and we are zoomed out to the 1HR! As you can see, they are currently holding the 12 Moving Average as support and trying to break the 26 Moving Average before a run at the 100MA! MACD is bullish and separating shaping into a quite bullish set up! We have have a higher low formed, and the bulls will now look to break to a high...
ONT zone got VERY tight overnight allowing us to zoom all the way into the 15 min chart to follow. As you can see it became tighter and tighter until it came time to test the 12MA and 26MA. Previous attempts have broke bullish on this time frame, but the bears finally tired out and the bulls take over the 15 minute time frame. Breaking the the 12MA and the 26MA...
FB in a tightening equilibrium, trying to find support here before moving up and finding a lower high relative to 188.30. Losing 170.91 would increase the odds of a weekly bear flag, I'd be looking down at 166.56 then low of the after earnings post-market dump, 164.30. Lots of support in that area, with a yellow trend line in tact since June 2013 just below. ...
SHOP.TO is tightening up on the daily as price forms an equilibrium. Decreasing bull volume on the daily tells me we're likely to set a lower high relative to 199.50 before coming back to test the uptrend that's held since Dec 2017, and set a higher low relative to 172.95. Volume within this pattern will be key clue about how the pattern will break
BTC will likely decide sooner rather than later whether Stellar will break bullish or bearish from this hourly EQ.
Pennant pattern forming with macd divergence at it's lowest = breakout incoming. White shaded zones are long and short entries. More bearish than bullish on the long term. Look out for a fake break out, big wick candle, and then strong reversal before 2019. Green dotted lines represent support and resistance prices.
White dotted lines represent short term support and resistance levels based on the tightening equilibrium pennant pattern. Note the bullish divergence on rsi. green arrow = long / red arrow = short. Green and red shaded area = sell zone via dca based on fib retracement 1.618 (of course ema may act as support so sell if you see strong support on ema if shorting)
IF ZRXUSD has found its higher low on its weekly timerframe we could see a beautiful equilibrium with 100% gains shown by the solid green arrow and the green curved line. And even IF the dip continues for couple of more weeks (the red curved line) then the EQ shown by the blue lines has still plenty of room above the 0.341 price line to find a clear higher low to...
If you are long this is the only chart you need. BTC has been in the same Equilibrium Pattern for the last few months. We have had a series of Higher Lows and Lower Highs. The pattern is really beginning to tighten as we get closer and closer to a bullish breakout. Volume from the bears is waning as the pattern tightens. I fully expect a breakout in early to mid...
Watching this equilibrium tightening. Waiting for a long or short opportunity. Indicators: The price is rejected from the 50-D MA since 2018-04-24 Closest resistance: 8.46 on 2018-05-22 Closest support: 7.37 on 2018-05-17 If one of those break, I will consider to start building a swing position. * Horizontal lines are support/resistance price level *...
The red lines are resistances.
In my last post I showed you the more or less parallel support/resistance lines that I was watching in the short-term as price continued descend to that important bright red trendline. Got close to it but not all the way down... yet. I extended the lines that kept the downward staircase pattern. On this 1-hr time frame you can see in hindsight of course that...
Updated the key levels I'm watching for potential bounces, reversals, consolidations, etc. on ETHUSD as we wait for consolidation to end after heavy selling last couple days. The last chart I posted showed a channel, which I was surprised had broken down so quickly and violently just after already strong bear moves. Volume is spiking here on the daily chart. As...