Nice little squeeze on Gold, My bias is to the upside
This has certainly sparked my interest, Ascending triangle into resistance. Looking like a nice setup.
Zoom Just finished a 3 month correction . A very nice falling wedge inside a Mega Phone, Bull market. Target is set at several levels. very strong candle to break out of falling wedge. I only see blue skies here. Happy Trading
Some very nice price action behaviour. Macro Bull, Rising wedge pattern coming to a squeeze. Above 200ma.
Falling Wedge pattern seems to have finished with a nice breakout of the pattern. Heavy resistance at the 200ma mark. It should come back to test support and hopefully will hold. You could wait for 50 to cross 200 for full confirmation or wait to see if Support holds. Either way this is looking good for a long setup.
New pattern found on 4 hr. Should bounce here of this .38 fib level and continue up to top of channel. This should give a good tight stop RRR here.
ADA looking good for a long to the moon. With the current Crypto Bull Market BTC dominance, The Alt coins will need to catch up at some stage and have a run. I believe this is coming. In consolidation at moment. Above 200ma. Ascending triangle. This is down 80%. Target levels on chart.
EOS has been slapped in the face hard. failed to but through previous resistance. now looking to find support around the $2- 2.50 mark. Would wait for a reversal pattern before entering. However if Spot buying its not a bad area to accumulate some more of this coin. Heading into oversold territory.
Hit rock bottom , in a falling wedge, found support, Inverted Hammer on the daily yesterday indicating a reversal. Oversold territory.
A2m setting up for a buy on the weekly. Sitting at the 38 fib level, it could find support a bit lower. I think after xmas this will have a good run.
Gold in a downchannel, come up to resistance. MACD cooling off. OBV falling. Under 200ma on 4hr chart. Should find support around 1740.
Now at support. However might see it short to next support level. May have a pullback of this support as well.
Looking at where we been and where we are going. Tuesday will see some action when US comes back from holidays.
Macro Bull for Cocoa. Looking for a buy opportunity at the 20ma or the .286 fib level. Above the 200ma