$AAVE Looking to Flip Resistance$AAVE is looking primed to make a run. We have seen a nice retrace from it's all time high back in early February. It has tried to break $407 a few times. If we can get a daily close above $407, I am a buyer. There is easily 20% upside and that is conservative.
On top of flipping resistance into support, the MACD is looking to flip bullish as well. This could be a great trade. Will be monitoring price ation.
Guppy-ema
TY1!: Bullish flag patternApologies if I have been focusing too much on the bigger macro picture but I am too busy with some projects to do individual stock screening. Nevertheless, if you have been following my posts, you would know I am of the view that we are in the midst of a major inflection point (check out the Preponderance of Evidence series and DM me for full written report if interested) so it is more important to get the big picture right.
Essentially, the TY1! has:-
#1 bounced off a key long-term support from 1999,
#2 had a golden cross (50-dma vs. 200-dma or 100-dma vs. 200-dma)
#3 been consolidating in a bullish flag which happens to be a continuation pattern.
I am using a version of Daryl Guppy Multiple Moving Averages ('MMA') to complement the bullish continuation flag pattern; The MMA utilizes 2 group of moving averages, 1 fast, 1 slow, to track trend changes as well as trend strength. In the TY1! case, the MMA long-term moving averages are not showing any signs of compression which suggest the up trend is intact.
Indicative ABCD upside potential is for a move up to $126.20.
BITCOIN CHART $BTC $USD BITMEX:XBT
NICE PUMP BUT DONT LET YOUR EMOTIONS WIN, AND DONT LET THE NOISE CONVINCE YOU THIS IS THE BULL RUN EVERYONE IS EXPECTING.
WE ARE INSIDE OF A MASSIVE FALLING WEDGE, IF WE HOLD THE WHITE CHANNEL AND TRADE SIDEWAYS WE CAN THINK ABOUT GOING FOR THE $4,200 RESISTANCE, IF THERE IS LACK OF VOLUME AND BEARS PUSH THE PRICE DOWN, THE YELLOW THENDLINE MUST TO HOLD, IF NOT, SEE YOU LATER..
-NEXT RESISTANCES $3,800/$4,200
-MAIN SUPPORT TO WATCH IS $3,500
-IF WE BREAK DOWN $3,100/$2,800/$1,900