After the sideways movement which started on the 22nd of October, the price registered an aggressive movement, this time downwards. The 20 days Moving Average has been crossed this morning and the price also went below the standard deviation of the Bollinger Bands. Bearing this in mind, together with the RSI which is showing an "oversold" position, we might be...
Just like many other coins, the price of EOS also failed to leave the area between the 20 days Moving Average and the lower standard deviation of the Bollinger Bands, confirming the bearish trend which has started since the 16th of October. The trading volumes seems also to be lower and even if the RSI and the Stochastic are showing "oversold" positions, this...
After it has failed 4 times to cross the 20 days Moving Average, the price also stabilized below the Pivot Level based as well on a low trading volume. It seems that the RSI is heading slowly but steady towards the "oversold" area, while the Stochastic and the MACD are clearly indicating that the price will continue to drop. As a possible target price, if...
After it has failed twice to stabilize above the 20 days Moving Average, it seems that the price has one more attempt, this time on a bigger trading volume. The RSI is moving around the "neutral" area while the MACD's crossover is indicating that we might assist to a short term uptrend. If this scenario gets caught up and if the price will stabilize between the...
After it has failed 3 times in the last 6 days to jump above the 20 days Moving average, the price seems to be close to cross the Pivot Level as well, looking for a confirmation of a bearish trend. This confirmation may come at the end of the day if the closing price will be lower than 0.4645$ because a red candlestick will be created and according to the...
The cross is still headed down and, although finding some sort of support at the current level, it is deemed to further fall till a probable TP of 1.6676 It is not only USD appreciating, EUR is depreciating too as a consequence of European instability emphasized by the current Italian government uncertainty too. ***Not a trading advice, merely my idea for...
SPY completed a bullish Gartley in its daily chart and it's currently headed towards the resistance of 266.70. Overall picture gives a downtrend nonetheless. Stochastic RSI in oversold territory and MACD recovering but still in negative territory confirms it. Not a trading advice, merely an idea for educational purposes