We recently had a strong MACD cross on the monthly chart. This should mean more red than we've seen so far. The 200MA from the weekly chart has provided support in previous bear market lows (outside of COVID19's black swan). Looking at the last time we had a strong MACD cross, it broke the 1W 50MA and quickly dove to the 200MA. If that happened again we could...
BLUF: After a daily close above 7.5; Entry 7.308, TP 9.9, SL 6.08. I'm still new to technical analysis and I'm trying to exercise everything I'm learning, if I am miss label information please let me know! So please don't make a trade exclusively off what the information I am displaying here. Bullish Indicators: 1. RSI trend line broken 2. MACD line cross 3....
Good afternoon! BLUF: This is my among my first TA projects, I was using EMA/RSI/MACD exclusively and their bullish indicators aligned on 05AUG21. I think the ATOM bull run is just getting started. I woke up this morning excited to apply the TA skills I have learned recently. I had looked for laggard cryptos on CoinMarketCap a couple days ago and identified...
Good afternoon! I used support/resistance levels, chart patterns, and Fibonacci retracement to identify $17.1, $20.05, and $22.95 as potential sell targets from a $15 buy in. Profits would be 14%, 33.7%, & 53% respectively. I am new to applying technical analysis strategies. I don't expect feedback but any would be appreciated! Please see part 1 for the...