ASX listed SVL simple trendline support on daily + seems like volume is decreasing on the down waves and increasing on the upwaves. Divergence can also be seen if you overlay the Monster Cumulative Delta indicator however It gets a bit messy so i left it out. just noticed williams vix fix is in the green as well indicating a bottom.
BTCUSD looks overvalued when measured against Gold XAUUSD. Divergence can be seen on the weekly chart from two different points in the past. There is also a gap that has formed in the BTC futures market that also needs to be filled. So i'm hoping these two factors combined will offer a pullback in BTC to at least fill the gap somewhere between $9,500 -...
Palladium on the weekly is undervalued compared to gold. Volatility is also at extreme point & declining. Expecting a move to upside.
Crypto NEXO finding support on long term bullish trendline on the weekly chart. Trendline started in September 2018. Also outperforming its own price when valued in Gold (XAUUSD) From what i have seen this rarely occurs, but when it does a change in trend normally occurs. Long term bullish on this crypto.
another triangle pattern on Theta about to breakout just before Mainnet 2.0 comes out.
Just like the weekly chart, this one shows Ethereum ETHUSD priced in BTCUSD, is forming a higher low + when compared to other major cryptos. So my thoughts are that coupled with the longer term weekly chart, as well as recent fundamentals with bitcoin (halving) as well as current economic conditions, looks like Ethereum has given a hint that the next bullish move...
Triangle / Pennant Pattern on crypto Theta. Has a recent history of breaking out to the upside, volatility on williams vix fix declining so my guess is breakout to the upside. Previous divergence of vix lead to breakout to the upside not long ago. Current Vix Reading not quite diverging from price but nonetheless it is declining with the pattern forming.
Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.