Andresa30

Andresa30

It is clear the inverse correlation that exists between gold and the US dollar. These charts are very interesting. The daily DXY timeframe shows the 50SMA crossing over the 200SMA. On the other hand, GLD made a new all-time record high weeks ago. What it makes it interesting is that price has been rejected by the downtrend line (GLD). The SPY seems bearish right...

Andresa30

From Oct. 19' to March 20', the Crono's price stock has been making new lows, and the OBV indicator has been following the same trajectory. On the other hand, The RSI indicator was making new highs (red uptrend line). This divergence showed that seller's exhaustion was approaching. In fact, an inverse head and shoulders was formed. Not only this, but volume just...

Andresa30

Bitcoin's daily price action is forming a symmetrical triangle. Every time price touched the upper line (orange line), a head and should pattern was formed. Price could reach green rectangle. It is a zone where demand is greater is predominant. The RSI is showing that BTC is losing momentum. My long-term view is bullish not only for BTC but also for altcoins,...

Andresa30

The Future is 5G Inseego Corp. has outperformed the SPY. Price actually broke resistance zone, and now it came back to the same level. If flag pattern remains and price breaks above second resistance line (orange dots), price might reach the 22-24 level price.

Andresa30

Logarithmic scale - Weekly chart Gold miners ETF "GDX" has outperformed Gold and the SPY. in the last three years. GDX just broke resistance line. Will GDX keep outperforming SPY and Gold in the next months? Long GDX.

Andresa30

I previously made an analysis on this ratio. Here is an update. Typically the Utilities sector ( XLU ) serves as a hedge in recessionary times. This sector is made up of companies such as water, electricity, natural gas . Companies within this sector usually offer steady and consistent dividends and are less volatile relative to the general market. The XLU:SPY...

Andresa30

Oil prices crashed and this created a great opportunity for trading. Why? Volatility. There is a clear divergence between the RSI and volume. In regards to the price, a rising wedge is forming. This indicates that supply is becoming more anxious at this zone. Identified a daily supply zone, and a good looking entry spot with a good reward/risk ratio. Ratio is...

Andresa30

Even though the RSI and prices are making new highs, volume is telling a different story. Price is about to reach an important weekly supply zone. This could be a good opportunity to short this coin (short-term period). Prices may retrace between 10% and 15% once it reaches weekly supply zone. Once price retraces, it could be a good opportunity to add or increase...

Andresa30

There is an inverse relationship between the US dollar and Gold. When the value of the US dollar increases in relation to other currencies, the price of gold tends to decrease. Price of gold becomes more expensive in other currencies, therefore, demand decreases. In March 12, GLD broke support (red line). Days later in March 18, DXY broke resistance (red...

Andresa30

A quick observation: Clear divergence between altcoins and bitcoin. While altcoins were making new highs in February 2020, bitcoin got stuck and did not reach new highs. There is something interesting to take from these charts. Almost all altcoins and bitcoin broke and closed below their lowest points in December 2019. Tezos was the exception. The coin has...

Andresa30

One of the scenarios for SPY.

Andresa30

The Cannabis industry has been in a bear market long before the general markets crashed. When we talk about production capacity, Aurora Cannabis is one of the leaders in the industry. The company is expanding internationally, and it has reached markets in Latin America and Europe. Because of these factors, I would like to analyze its technical part. I have a...

Andresa30

Yesterday, I watched a webinar from the CMT Organization website. They hosted Michael Gayed, CFA. Michael was explaining about the XLU/SPY ratio and its use. Today, I decided to analyze it myself and here we go: Typically the Utilities sector (XLU) serves as a hedge in recessionary times. This sector is made up of companies such as water, electricity, natural...

Andresa30

Since the end of 2018, gold miners started a new bull trend (weekly chart). Sandstorm followed the same path up until the midst of February 2020. There is a clear divergence between Sandstorm's price and the RSI. The RSI was showing that the stock was giving up momentum. Price has just touched weekly supply zone. I see more selling pressure in this stock. A good...

Andresa30

SHORT UNTIL PRICE REACHES SZ 0. THERE IS A DOWNTREND CHANNEL FORMING ON THE WEEKLY CHART. ONCE PRICE REACHES SZ 0, ZONE MAY BECOME SUPPORT. WE WILL SEE!

Andresa30

The market capitalization for altcoins is in a monthly demand zone (higher timeframe) in green, and it is being retested for second time. If we go to the weekly chart, we can see that two weeks ago it touched a weekly demand zone (lower timeframe) in yellow for the first time. Also, it is holding the 200 MA. Three scenarios: If the market capitalization for...

Andresa30

TLT is getting interesting. In the weekly chart a big red candle is engulfing previous green candle. That may be a sign of trend reversal. In the monthly chart, price is in overbought territory (RSI). Also, there are two suply zones (4 hour).Today, even though price closed above the resistance line (thick blue line), volume did not follow the same path (OBV)....

Andresa30

The definition for safe haven says: It is a financial instrument that retains or even increments its value during periods of financial turmoil. Certain characteristics that a safe-haven assets have: liquidity, limited supply, and functionality. In the last years, I have heard many debates between gold and bitcoin followers. Let's see the charts: GLD reached its...