SPCE to ~$20, then $24+Price is currently in a upwards trending channel with a Doji candle off support and 21MA on the daily chart with volume after a downtrend period
There is also a nice Bullish engulfing off support on 4H (current chart) which tests the 8MA (green line). Zooming a bit further in, there is a Bullish harami candlestick pattern off the 50MA (purple line) on the 3H chart!!
MACD also crossed up on the 1H while 8MA is still hovering below the 21MA, which in my experience signals a reversal in the direction of the MACD cross; in this case a reversal to the upside.
All signs point to a run up.
Macdcross
MACD CrossImpending cross on MACD weekly, I believe the bottom is in. We are now in the accumulation phase in marijuana stocks. All the big name players are heavily discounted, mostly due to overproduction in the last quarter.
This is one of the best Marijuana ETFs out there, much more stable than the concentrated growers ETFs.
rising wedge for the CablePrice is approaching a trendline but we can see a MACD DIVERGENCE in H4 timeframe, if price will break the wedge I will open a sell position; great oppportunity; price could push as low as 1.2285.
Look at daily timeframe using bollinger bands; in my opinion price could reach medium band (around 1.225).
wait to open a sell order
THE FALL OF THE POUND... ARE YOU ON THE RIGHT SIDE? THIS IS A CONTINUATION OF THE SETUPS STARTED THIS WEEK..... CAN'T TYPE LONG AS MARKETS ARE MOVING....
WHATS TO KNOW....
-BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR
- IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET)
- BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT THE HIGHS AIMING AT THE LOWS 1.19 COULD BE MORE ILL KEEP UPDATING ...
GOOD CONFIRMATIONS
-STOCH DIVERGENCE AND COMING OFF THE TOP
- MACD CROSS
OBSTACLES
-21 EMA (RED) WHERE BULLS MAY TRY AND JUMP BACK IN....
I HOPE THEY DO PROVIDE ANOTHER ENTRY AND RETRACE
-WILD NEWS
IF YOU ARE STILL A BULL.... THANK YOU FOR YOUR HELP
WE COULDN'T HAVE TRAPPED WITHOUT YOU....
HAPPY HUNTIN' HAPPY TRAPPIN'
BOOBII
$DUSK Ready For Another Run?$DUSK is looking like a great potential buy right now. It has bounced PERFECTLY on the .618 Fib and looks like it might be ready to break out of a falling wedge. Additionally it looks like the MACD is about to have a bullish crossover as well. I am for sure taking a position here but am still waiting for a breakout to confirm a reversal. This could be the start of Elliot Wave 3!
*This is not financial advice. I am not responsible for any losses of money.*
Bitcoin Bearish???Over the past few days, the Bitcoin movement was between 9500-12000$ mark, which meant there can be a pump or a dump. The dump played out and now the market emotion is turned into fear.
On the top, I can see a bearish MA cross over which means it can again go down to 9500$ mark, which means more possibility to go below and fill the 8200$ gap. Further, it can create panic selling and dump up to 7600$.
Let's see how it plays out as previous I have mentioned about the dump in my Renko Chart.
THETA Gonna Go Crazy Today?
THETA looks good for a strong move up!
2H MacD is soooo close to crossing and getting a histogram flip.
If Theta can get to next supports, MacD and histo could go bullish.
0.00001214 sats
0.00001299 sats
From there, THETA could pulse up to 0.00001611 sats
Good Luck folks. I've got my fingers crossed for this one!
LTCBTC in priming for a breakout?We observe LTCBTC's first markup in a 3 part impulse wave, followed by a pretty dramatic 2 part correction wave, and markdown back to the 200MA (in red). It is a pretty solid double bottom on the 200MA to indicate a strong support level/indicator.
This is followed by a rebound and flag consolidation at the converging 50MA (in green) and 100MA (in orange). Price action has also been very obedient to the Fibonacci Levels - trade set ups can be referenced from these levels for entries and exits according to your risk tolerances.
The bullish scenario would be for a breakout from the flag breaking above the 50MA and 100MA simultaneously, in attempts to retest the 78% Fib level. This looks quite possible from the likely MACD cross - although you may want to be wary of a fakeout, as the shorter line (blue) seems to be tipping over, and the longer line (orange) has not seen a clean break.
The ADX momentum is also weak, with very minimal DI divergence (regardless, both of these indicators are 'lagging indicators', and should not be your sole source of analysis).
The bearish scenario, would be for a rejection of the 50MA and price action back down to the 200MA. It is however, unlikely for the price to fall below the 200MA as it would spell disaster.
For those who pay attention to fundamentals and news, the Litecoin halving is just a couple months away, and sentiment is generally bullish.
Syscoin - Worlds fastest TPS & ETH-bridge + TA Indicators1. RSI Bullish divergence at 1W chart.
2. Similar MACD-pattern as before pump in December 2018. Close to MACD-cross.
3. HARDFORK: Big news coming for SYS with SYS 4.0 hard fork.
4. Whiteblock tested the TPS of SYS. They also tested EOS. SYS is faster. Find info about it on Google.
Syscoin - Worlds fastest TPS & ETH-bridge, June 4th.1. RSI Bullish divergence at 1W chart.
2. Similar MACD-pattern as before pump in December 2018. Close to MACD-cross.
3. HARDFORK: Big news coming for SYS with SYS 4.0 hard fork.
4. Whiteblock tested the TPS of SYS. They also tested EOS. SYS is faster. Find info about it on Google.
PARTY LIKE ITS 1999"Those Who Do Not Learn History Are Doomed To Repeat It."
Qualcomm is mimicking the Chart Pattern it took during 1999-2000. QCOM just spiked over 45%, similar to the meteoric rise it experienced during the Dotcom bubble. The correction that Qualcomm is experiencing will reverse quickly after Chinese impose their retaliatory tariffs. (June 1st) So Before July 19th we should see another pulse upward in-between 5-15% that replicates the spike in 2000 after the initial price action. MACD, RSI, volatility and time cycles all play key factors here. After the pulse whether QCOM rises or falls depends on the trend of AAPL and the market.
GANN Box Setup and Positive Momentum for RIVTSXV:RIV appeared on the screener for MACD Crossover play. Looking further into trade setup we can see that it found similar support as back in early January with the exact same indicator buy signals.
MACD Crossed over
Stoch and RSI at healthy levels
ADX curve has a fantastic trend strength
Wave trend oscillator showing a buying opportunity just a few days before the MACD breakout
As long as we stay above the support line in the Gann Box then the trade is active.