AlexColeUSA

AlexColeUSA

4HR RSI broke down along with price TL. Weekly RSI went up rather quickly and so did daily. Looking for a pull back to the first golden pocket and then maybe the 200 moving average if it dumps that hard.

AlexColeUSA

Breakdown on 4HR chart on RSI and Price TL. Overall weekly and daily RSIs are under the 50. This should see a further move down.

AlexColeUSA

Playing out well right now. Possibly one last impulse to 1700 before a breakdown confirmed, and then the 8hr RSI will start breaking down

AlexColeUSA

Weekly very bearish still. Getting hit at 21000-21500 pretty hard. I expect a retrace back down out of this rising wedge. Daily and 8hr still have bearish divergence. Might be possible we take out the lows around 18500 and put in bullish divergence on the weekly before we really get a good move. The amount of scam coins pumping right now is proof that this is a...

AlexColeUSA

Considering weekly RSI is bearish and bearish divergence on 8hr and daily is still in play, I expect the red to happen. Could always go higher, but given the overall trend I think it will end up rolling back over.

AlexColeUSA

ETH forming a rising wedge. Overall trend is still bearish on weekly RSI. Expect a retrace lower after 1700 is hit.

AlexColeUSA Updated 

Daily and weekly RSI breaking down. Both underneath the 50 and both broke their RSI trendlines. Price trendline closed below as well.

AlexColeUSA

Looking like a good setup at it has gotten rejected at the price trendline several times. It will be interesting to see if it breaks the RSI daily trendline and comes back down to the golden pocket on the daily chart first, and then possibly going down to the lows. The weekly is above the 50 on RSI, but it went up rather fast. I could see a pull back even if it...

AlexColeUSA Updated 

Daily RSI broke down and closed underneath RSI trendline for the second time. Weekly close back under the 50 on RSI and a break of RSI trendline.

AlexColeUSA

I have been completely wrong on oil for the past few months. It does seem that it is possibly making a move for a breakout at least on the daily chart given the RSI has already broke out. Possibly making moves up to the golden pocket and then maybe the 1.618 retracement if the highs are taken out.

AlexColeUSA

Daily RSI breaking down along with weekly rolling over.

AlexColeUSA

If the weekly RSI breaks out of the bearish divergence it has been forming for a while, expect equities and cryptos to dump significantly. If it gets rejected, expect equities and crypto to start to turn bullish again. I expect the former, but anything could happen today. Until a lower high is put in, or the weekly support on RSI breaks down there is no reason to...

AlexColeUSA Updated 

Entered short around 1600 from dump after CPI. Nice break to the downside for now. Next level will be from the price support line made from the low around 800. Weekly RSI starting to come back down through support line. Daily RSI has some room before it could break. Targets laid out. If all else fails, have stop losses

AlexColeUSA

Oil definitely did not go the direction I thought initially. Seemed to have a breakdown fake out, and now seems to be potentially pushing higher. May push lower, but the Weekly RSI seems to be forming a bottom. RSI on daily is coming down again, but could push higher in the coming weeks. Price may find support at the bottom of the bull flag and push higher, but it...

AlexColeUSA

Dumper nicely since I last posted this chart. Weekly RSI breaking down again on the weekly chart and daily RSI rolling back over. I expect this to continue to dump and come down to the .786 and possibly the .886 which is the COVID high. May build out support at the COVID high around $60 or possibly dump more. I think the former is more likely though. I expect this...

AlexColeUSA

Had a huge dump today. Looks like there was a false breakout to the upside, and price is starting to roll back down. Daily RSI is bearish and back underneath the 50. Weekly is pulling back at the moment. If daily loses lower AVWAP band, there will be further confirmation of more downside to come. Did a perfect retrace of golden pocket from most recent high. I...

AlexColeUSA

Huge dump today. Weekly RSI is breaking down again and daily RSI got rejected off the 50 line. Price continues to make lower lows and lower highs. A huge bull flag is being built out, but for the moment it is staying inside of it. Could take quite a while before that breakout comes. Most likely will continue consolidating now until a significant trend change of...

AlexColeUSA

Along with the rest of the market NVDA looks extremely bearish. Weekly RSI about to break support line again and daily RSI rolling over again. I think price will continue down until it hits the price support line drawn from COVID or it breaks that and hits $70. I think $100 is more likely for a good bounce, but only time will tell. With everything being as bearish...