Master_of_Fine_Charts

Master_of_Fine_Charts

With China in the early recovery stage of the business cycle it may be time to consider a trade to the long side. The FXI is currently trading at the POC line on the 1 year fixed vol profile. We see a series of higher lows after bottoming on January 22, which is also a prior low back in October 2022. The OBV confirms the uptrend and the DI+ recently cossed D-...

Master_of_Fine_Charts

We can see a clearly defined range in the rectangle formation with corresponding volume spikes (over 20 sma vol.) as price approaches support and resistance levels. Both short term and long term trends are positive with the 9 ema above the 20 EMA and the 50 SMA recently making a "golden cross" above the 200 SMA. Most recent candle was an inside bar which...

Master_of_Fine_Charts

Price is at the POC line (1yr) with increasing avg. daily volume since mid April. OBV is displaying bullish divergence since June as it has been increasing while the price has been decreasing. RSI is about to cross over its 13 ema. Targeting: 2.25, 2.66 Stop 2x ATR at $1.56

Master_of_Fine_Charts

On Balance Volume has been (bullishly) diverging from price since May indicating that "smart money" has likely been accumulating. ADX is a level that implies a trend and D+ crossing D- indicates that it is bullish. Recently we see price test the .236 Fibonacci level on higher than average daily volume days after gapping up and possibly changing trend (higher...

Master_of_Fine_Charts

Average daily volume has been increasing since late May when it made a bullish pennant and a golden cross. The ADX at 36 indicates a strong trend with D+ moving sharply higher. Price broke out of the pennant (which corresponds to the descending trend line on the weekly) and looks very bullish as it appears to be flagging. Most importantly we bullish...

Master_of_Fine_Charts Updated 

After nearly doubling in a month the RSI is well in to overbought territory and the most recent candle created an oversized upper wick which indicates bears tool control. Looking for a move down on lower daily volume. Targeting the $6.70 level for a buying opportunity. 1st target $6.60 2nd target $9.53

Master_of_Fine_Charts

Today's lower wick stopped at the .38 fibonacci level on a sell off day post the gap up. Despite giving up most of the 2-day gains the trend still looks sustainable. ADX is rising into the strong trend zone while D+ crossed D- signalling an uptrend. RSI broke above the overbought zone but slipped back. I anticipate this gap to fill followed by a period of...

Master_of_Fine_Charts

D+ recently crossed D- and the ADX is still signalling a strong trend. The MACD recently crossed and volume is increasing with this rally. Took an entry on the break of the .236 fibonacci level. Looking for price to test the ytd POC line at $1. targeting: .71, .89 , 1.00 in the mid term. stop under: .5344

Master_of_Fine_Charts

Price tested prior resistance and bounced with a tremendous volume spike. OBV has bullish divergence since the downtrend began in late Feb. Looking for support to hold (2.99) and price to break 3.49 to enter a swing trade. target: 3.80, 4.06, 4.67

Master_of_Fine_Charts

We see a golden cross about a month ago and recently the 9ema x the 50 sma, in addition to the 20 ema crossing the 50 sma. With all the MAs in order and the ADX signalling a strong trend (38) we see a series of bullish pennants each breaking out to approximately the range of the "flag pole" , as they should. (5.77% .5.46%) Looking for the pattern to continue...

Master_of_Fine_Charts

We see a series of higher highs and higher lows since the end of January. Price seems to have found support at the .5 fibonacci level ($3.50), a level that acted as resistance in the past. Average volume continues to rise and we see a "golden cross" happened on 3/29. OBV confirms the trend, RSI starting to curl up to its MA. Short term targets: $4.54, $5.78

Master_of_Fine_Charts

XRP broke out after making a bullish pennant. Price is testing the .786 fibonacci level while the ADX is at 47 signalling a strong trend with D+ over D- Looking for a break above the descending trend line to break out of the descending triangle (weekly). 20 EMA crossed over the 200 SMA and the 50 SMA is setting up for a golden cross. Targeting .59 , .63, .78 short term

Master_of_Fine_Charts

NLST has continued to rally since the the break out on 2/13, The RSI spiked at 85 before retreating out of oversold territory and closing just over 70. This is very bullish. Price closed above the 2.61 Fibonacci level on higher than average volume after testing the prior gap at $2.55 Price will likely find support at $2.55 and currently appears likely to make...

Master_of_Fine_Charts

Price tested the 50 SMA recently which also coincides with former resistance on the weekly at $144. The recent close above the .78 Fibonacci level with eleveated volume is bullish, as is the cross of D+ over D- on the ADX which is also rising. The MACD is setting up for a cross and the RSI is crossing its 14 day MA. OBV confirms the trend. Target:...

Master_of_Fine_Charts

We see a series of higher lows and higher highs since the price bottomed at .89 back in early December 2022. Price moved up sharply today on higher than average volume closing above the .38 Fibonacci level and the descending trendline. The ADX signals a strong trend with a value of 38 and the D+ is starting to point up and it is well above the D-. The...

Master_of_Fine_Charts

MACD recently crossed and price has made higher highs and higher lows since breaking out of the rectangle formation. ADX is showing a strong trend (34) as D+ continues rising. Golden cross appears to be imminent as the 50 SMA continues to rise towards the 200 SMA. Looking for a strong move through the .618 fibonacci level (1893.66) Targets: $1969, $2066 and...

Master_of_Fine_Charts

Recent MACD cross and ADX is rising over 18 suggesting a strengthening trend and the D+ showing a sharp move up show us it is a positive trend. The series of higher lows and the gap up to close above the .50 fib level and descending trend line is very bullish. OBV confirms the trend. targets: 4.82, 5.16, 6.06

Master_of_Fine_Charts

Price has made higher lows since August and closed at the descending trend line. MACD is crossing and the D+ crossed D- on the ADX which is also turning up. 2 ATR stop at approx $29 First target: $36.11 Second target: $39.90