looks like some sad candles coming in, can retest 200 ma on the daily in a short time frame, this move has played out before as you can see from what i have highlighted. caution trading ... good luck..
this 7 year macro trend line is currently being tested as support once again , daily stochrsi bottomed out and RSI testing the 50 level. if the trend is your friend , then a 6 year trend is probably a good macro line to follow to see if it is still a sustained support level.
possible bullish divergence? super high risk speculation - there is a future in biotech and finding anything that will be profitable in this industry will most likely be a unicorn in the end
Looking alright on a macro term - may possibly pull back but it most likely wont be more than a 5-6 cent pull back unless overall market sentiment changes if that does happen we would most likely see a massive drop - this is penny stock trading in the end. But the negative aside , the Cyber security market is supposedly to hit 1T by EOY , that being said this...
stochRSI bottom - rsi sitting at below 40 in a macro uptrend , within uptrend channel , usually when RSI is 50-60 range on an uptrend it is considered oversold , possibility of posting higher low - risk of hitting bottom of parabola but holding at the .23 - interesting scenarios from this price level - but fundamentals are strong with this, posting gains ,...
eqx weekly stoch bottom RSI at 50 , multiple higher lows on macro , suggests strong buy with commodity demand
as i stated before , i believe this had to go to high 28000-29000 before a moment will arise, the way that this structure is playing out i believe with the amount of heavy gambling that has been fueling this market ( literally gambling , since no sports have been on to bet on , gamblers have found their way to a variety of markets) we will see a touch to 29000...
keep trading simple - follow the trend lines if they break you sell it - no need to price stare. new money into new harder assets , the way it should be for an emerging market.
1 above , 6 below... beware of the gaps... RSI on daily wayyyyy over bought. the meltdown will happen , you can't prop this market for much longer.
xtz if sustained parabola is intact we will see 55$ by october. As we just had a bull penant break out and test trend line - tomorrow will be our day to determine if that trend is going to move forward. If anyone has been following my posts , my macro trends have been on point, day trading can be noisy , best to stick to macros. anyways if you like what i've shown...
Macro trend line broke but quickly regained momentum. eyes on next few days as daily Stoch RSI and RSI become over bought, weekly at 56 with room to go on Stoch, 5th wave may show its head.
possible top occurred to signal extreme decline. stochRSI 100 level. RSI reaching above 50. this is a critical impasse , if there is a steep decline in the coming days, i'd imagine the entire crypto market is going to see extreme losses for the foreseeable future. Trades at this level are extremely high risk as price can explode either direction violently. One...