Goldencross
JK TYRE | NSE | AnalysisHey guys!
JK Tyre has a great setup here. It has been following a strong trend line since mid-march 2020.
This trend line helped JK tyre breakout of the Ascending triangle pattern reaching 60+.
Currently JK Tyre seems to be forming a bullish pennant signalling a bullish continuation upwards.
Adding to that, The 50, 200 MA seems to be forming a Golden Cross on the 4H chart, which will trigger a breakout of the pennant.
Moreover, the MACD on the 4H chart is converging bullish.
Wait for entry near 60.5-61. Target is 70 - 71 (~ 15%).
Thank you!
Bullish Charts - Golden CrossNIO is a Chinese automobile manufacturer headquartered in Shanghai, specializing in designing and developing electric autonomous vehicles.
The company is also involved in the FIA Formula E Championship, the first single-seater, all-electric racing series.
NIO recently raised almost $1 Billion of much needed capital.
Ahead of the $1 Billion, NIO raised an additional $335 Million through private placements.
NIO's deliveries are advancing nicely.
I do not want to be out of this stock on the next spike up.
The daily chart looks bullish with a clear sign of the Golden Cross, Bullish.
The last time we spotted the Golden Cross on the NIO Daily Chart was around January 8, 2020. The stock was trading in the $2.50 range and spiked up.
Long!
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GOLDEN CROSS FAKEOUT?!We were extremely close to a golden cross on the S&P 500 but todays price action puts this into question. It is starting to look like a major fakeout. Are we going to make a lower low? I dont know, currently we still have 21 EMA on the weekly as support. And with price action above 21 EMA i can’t exacly be looking for a lower low be set.
BULLISH GOLDEN CROSS ON JUNIOR GOLD MINERS 15MINA BULLISH TECHNICAL DEVELOPMENT ON THE 15M JUNIOR GOLD MINERS GDXJ CHART
AMEX:GDXJ AMEX:JNUG BMV:JNUG CURRENCYCOM:JNUG CURRENCYCOM:JDST BVL:JNUG BMV:JDST CURRENCYCOM:JDST OANDA:XAUUSD OANDA:XAUCAD AMEX:GDX AMEX:BTG NYSE:AUY BCBA:AUY AMEX:SILV NASDAQ:PAAS AMEX:SGDJ AMEX:SILJ SWB:G2XJ
SOIURCE: www.investopedia.com
What is a Golden Cross?
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes.
www.investopedia.com():max_bytes(150000):strip_icc():format(webp)/GoldenCross-5c6592b646e0fb0001a91e29.png
KEY TAKEAWAYS
The golden cross is a technical chart pattern indicating the potential for a major rally.
The golden cross appears on a chart when a stock’s short-term moving average crosses above its long-term moving average.
The golden cross can be contrasted with a death cross indicating a bearish price movement.
LONG - CELR - Trading OpportunityWith BTC's sudden fall it is now the perfect time for some alts to strike back with a strong rebound of previous supports. BINANCE:CELRBTC looking pretty strong right here bouncing from a golden cross on the 12h chart, the volume that's been coming in the past few weeks is pretty insane as well.
This is a play that will take some time to play out so patience is key.
Entry: 0.00000029
Target 1: 0.00000037
Target 2: 0.00000043
SL: 0.00000026
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Bitcoin: DOWN to 8200$?Leave a comment and like this idea to support my work and the production of more analysis.
I see a possible movement downwards, and I expect it to happen soon. Why I say that? Volumes are coming and from the local bottom of the Volumes we are now facing new volumes coming.
Let's see.
I would like to know your opinion! Share here your thoughts and let's debate together.
Mike
LRN 50/200 Cross + Wedge BreakoutCurrently trading in an expanding channel/megaphone pattern with a local wedge forming in the gap. I like the $25 - $26 area to initiate a long as that was a prior breakdown and breakout level, and at that price a wedge breakout and MACD cross should have occurred. Additionally, the 50 MA is setting up for a cross of the 200 MA at a very aggressive slope. If you were to examine the 5 and 20 SMA (which are normally part of my analysis but have been removed due to the business of my annotations) you would see they are also setting up in a very bullish manner. RSI holding strong during consolidation and MACD cross appears set to cross tomorrow. Take a moment to look at how the stock has historically respected support/resistance and channels. This setup is very reminiscent of my 'BDSI long' idea which is at the very bottom of my page so I hope you take a look at that and see the similarity and most importantly the resulting success of that setup.
History doesn't repeat itself, but it does rhymeLast year in March, euphoria was setting in and the thought of the bear market ending was getting everyone excited. Around April 1st, Bitcoin took up and had an explosive move to the upside. Fast forward to May 2019, Bitcoin paused for wave 3 of it's 5 waves up. What's interesting about this move is the similarities we can see in the current move. This year bitcoin had a massive dump in march, and the spring-boarded back up. We are now hovering in the ~9500 range. If you compare the two moves, you can see some close correlation with not only the waves up, but the price action. If this is a repeat of last year, we can see bitcoin making a higher high on longer time frames, confirming the end of the bear market and potential for sustained long term growth for the next few years. COINBASE:BTCUSD
Ascending Triangle breakout for Bitcoin?Inside of the ascending triangle on a micro scale Bitcoin is forming a cup & handle, there is merit potentially for a inverted H&S as well.
The RSI is displaying a inverse H&S, interesting because the moving averages are about to converge
Only time will tell, but a golden cross followed by an immediate death cross seems like a future occurrence.
3 GOLDEN CROSSES!!This is a huge blow up of the Daily on Bitstamp.. go to your charts and see, and back-test all 3 GOLDEN CROSSES Now in process of playing out now! All are still Valid Golden Crosses in Play at the same time!!
The 12HR, 1DAY, AND 2DAY. Using the 55EMA crossing up over the 200EMA.. usually comes back and tests the 50EMA or the 21EMA and Blast-off