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Goldencross

GOLD RUSH?! Bullish indicators - Macd positive cross - cross BB midline - Ma cross on 2hr chart - Volume increasing After predicting the dropped gold has seen in the last few days, I had also expected that we would see a run-up to test the top pennant resistance line at around 1845, which is what this chart depicts. Be sure to keep a tight stop loss as a failed break of the bottom pennant support/ now resistance line could mean a return to the 1784 range ''Buy Big Sell BIGGER'' - MegaWhale
TVC:GOLD
by MegaWhale
1
ONEUSD ATH retest incomingONEUSD printing higher highs after hitting its all time low back in March 2020. The main basis for this bullish bias is the recent golden cross (DMA 50 and DMA200 crossing over) that occurred on February 6th. Last time this happened was on July 1st, when the same pattern occurred and sent prices up 270%. A new golden cross pattern forming up right now could send prices to another 270%, which coincides with the ATH level. The RSI appears slightly oversold, if prices retest the 0.0084 Fibonacci level (lowest green line) it'd offer an excellent opportunity to get in. If prices clean break the second lowest Fibonacci level, at 0.00128, instead of retracing, the long opportunity should still be considered as prices would be rallying towards the ATH target by then. Good luck to everyone out there.
BINANCE:ONEUSDLong
by Crypto_boi
FLT - Retracing Nicely towards Support.FLT seems to be retracing nicely to the trendline Support at around $12.80, as it has shown strength previously also, and made a Higher High. We can also see that it has made a Golden Cross, with RSI about to reach the the Oversold region. The High Profile Volume Zone lies at around $13.80 and 200 SMA in the Buy Zone between $12.80 - $13.80 (many Confluences). I think the Green Box should provide good support, and I expect a bounce off from that Zone. If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 40% at TP. Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:FLTLong
by AsimMirzaTrader
ETHBTC More on the Inverted head and shouldersMy Exhortation A few more people are talking publicly about this inverted head and shoulders, which is good. The fact that it hasn't taken over some of the crytpto-verse is a bit unusual considering how recognizable the formation is and how quick ideas can get around these days. Please, do you own analysis and if you agree or disagree post an idea to get the conversation going. I have seen a lot of ideas or youtubers mention specific parts of it but few are talking about this big picture. I have been going on about it privately since early December and publicly since the week of Christmas. Generate some ideas. This should go around like the BARR bottom on BTCUSD in April 2019 so we can all make some money (not financial advice) Analysis A new addition to my posts on the inverted head and shoulders is including the 50 and 200 week SMAs onto the chart by using the cm_ultimate to get it on the daily chart. Price action initially stalled and pulled back after coming out of the falling wedge like a beast on pre-workout. We have finally seen price action pop above and now the question is how far will it run before it needs a retest of the 200 week, or will it even need a retest of the 200 week? Some basic analysis of the VPVR has a low volume node between 0.44 and a high volume node around 0.0500. This LVN is where I would expect a quick movement and consolidation would happen at the HVN. I would expect this to be a relatively quick consolidation compared to the longer consolidation I expect to happen at the green area at the next low volume node. The green area is where we can no longer count on the inverted head and shoulders for target setting with some leeway for under and over performance. Below is a wider view and what happened the last time there was a similar situation on ETHBTC. This time the 50 and 200 period SMAs match the chart on the 3 day which gives us a good intra-week view. I also like what I see on the Average True Range confirming that a low is in. Timing-wise I don't know how long the price action will consolidate on top of the 200 week and I don't know how long we will be at this high volume nodes. What I do suspect is we will have a golden cross on the weekly in less time than it took us to have the death cross and then the valley on the 50 week SMA. Maybe six months. Conclusion This is a major move. I mentioned the BARR post that took over the crypto-verse in April 2019. My first linked idea was a reminder I did when the crypto-vese moved on and people forgot about the long term moves and they were back to the 4 hour chart. This inverted head and shoulders make still take over six months to reach target and you can get blow out either way with poor risk management. I myself didn't make anywhere as near as enough money as I could because I closed my longs too soon and that was a major lesson for me to see the bigger picture as I trade and invest. Letting your winners run is a very hard lesson to learn. You can have whatever strategy you want but my bias is toward ETH and other premier alts over bitcoin until this formation plays itself out.
Long
by This_Guhy
2
CLA Long to 15.29, Golden mean reversalKeeping an eye on CLA for a reversal above the yellow 1W trend, and support above our weekly resistance at 13.50 Last months open at 13.85 is currently our resistance, and again around 14.20 If you fall under either the weekly resistance or the green support line, id be bearish until we recovered. Depending on the trade, id consider 12.53 a good stop loss, leaving it just under historical support. If you wanted to tighten it up, i think 12.99 should be a safe on the 4HR as well for a short term confirmation. 30m chart looks like a nice bull flag consolidation , the 200 MA is under the 50 MA, bullish confluence on the RSI. if we can hold up these key levels, id expect to see a reversal in the near future to 15.29
CLong
by TradingNomadic
LLC - Pulling Back to SupportLLC seems to be pulling back nicely to the trendline Support at around $11.70, as it has shown strength previously also and made a Higher High. We can also see that it has made a Golden Cross, with RSI in the Oversold region. The High Profile Volume Zone also lies at around $11.40, so it seems that the range between $11.40 - $11.80 should provide good support, and I expect a bounce off soon. If it does bounce off, we can expect it to go towards the previous highs giving a potential return of 14% at TP1 and 25% at TP2. Please note these are my own notes, for my future reference only. By no means trading advise to anyone. Please do your own research before entering into any trade.
ASX:LLCLong
by AsimMirzaTrader
SNDL and ACB approaching Golden CrossMerger Outlook in my eyes - SNDL and ACB are both approaching Golden Crosses on the daily timeframe (50 MA and 200 MA). The Motley fool just publush an article about SNDL and a possible merger. None of the other Cannabis company are approaching this same technical pattern, leading me to the possibility that SNDL and ACB may be merger soon. Please do your homework, this is not investing advice, just an observation. Best trading to everyone :)
NASDAQ:SNDLLong
by CHART_GUYY
3
RakeTech in upward trendRakeTech will likely follow an upwards short-term trend. Be aware that RakeTech has a low volume and small market Cap, making it rather risky. The stock has experienced a golden cross in August 2020, and has been climbing nicely in the trend channel since. Shortly in November the upper bound was tested, and the price lowered to the limit of the lower bound. This movement was resisted by a support level in 10.30. The price is now heading towards the price gap experienced in November 2019, with a rising RSI, whereby the price might break above 11.85 and go for 13.05.
OMXSTO:RAKELong
by PersonalFinanceDude
MPL - The next Pullback Could be a Buying OpportunityBullish Trend Indications: The chart of MPL has developed well, indicating that the Bear trend has finished and after price hitting Resistance, it is trying to pull back. The downtrend line has been broken decisively with good Volume and has hit Resistance. It has also developed a Golden Cross. We can clearly see that while price had been moving higher, OBV has been decreasing. This shows lack of upside Volume which indicates divergence and decreasing Volume. We can also see a Bearish Divergent MACD Cross also indicating lack of Momentum, while price was moving higher which shows that it is ripe and ready to pull back. I expect it to head lower into the Buy Zone of $2.60 - $2.80 range where I will be looking to buy after Bullish Price Action. Please note these are my own notes, by no means trading advise. Please do your own research before entering into any trade.
ASX:MPLShort
by AsimMirzaTrader
ALD - A Buying opportunityI am bullish on ALD , the chart looks positive as it has made Higher High and even a golden cross. There is good support between $27.50 - $28.50 range, as its also a High Volume Profile Zone and we can see Bullish Price Action after some consolidation with High Volume. MACD Histogram is changing color, cold be a possibility of a shift in Bearish Momentum. I am expecting continuation of the upward trend. First Take profit at $30.00 range. Second Take profit at $33.00 range. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:ALDLong
by AsimMirzaTrader
WPL - Any Retracement Lower could be a Buying OpportunityThis stock had been hit real hard during the COVID -19 pandemic because of plummeting Oil Prices. Now that we have observed Higher Oil Prices, and particularly WPL has been going up now, I believe the trend will advance further up and we may see much higher prices in the days to come. We can see a Golden Cross, MACD has crossed and High Volume, which shows the possible change in trend. Nothing goes up in a straight line, so since price have been moving up we have not seen a decent retracement, so I believe any retracement lower could be a good Buying Opportunity. We might see some kind of profit taking in the Gap Window Zone, between $24.90 - $26. 40 range, so any pulback lower ideally in the Buy Zone between $20.00 - $22.50 range could be a great Buying opportunity. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
WLong
by AsimMirzaTrader
CGF - Another Buying OpportunityBullish Confirmation Indications Recent price action has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent session's price action, ( Bearish Candle) indicates that the stock price is facing a hard time continuing up 4. The price is at 50% Fib Retracement level of $6.60 and which is also a Resistance Zone 5. MACD is suggesting that Bullish Momentum is exhausting 6. I will be confident to buy in the $5.10 - $6.10 region (Buy Zone). Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ASX:CGFShort
by AsimMirzaTrader