AzzAChang

AzzAChang

After the bull break of a similar inside bar pattern on the hour chart at the end of the daily candle, we are currently forming another. Will we get another bull break or see some much needed consolidation? RSI on the 4 hour and daily need to take a break, form some support for the next leg up. We are coming up to key resistance at the 8600 level, and it would be...

AzzAChang

4 hour double top, declining bull volume, RSI cooling off, will we finally see daily consolidation? As my guru, @thechartingguys Charting Man Dan has said, a strong pullback level would be 7000, but anything above 6800 would still be nice. With 4 hourly support levels starting to form, bulls are building a nice foundation for even more upside. If we receive an...

AzzAChang

With volume falling off over the past 9 hours, we are seeing another pennant forming on the hourly. We got a clear bull run from the last one (approx 12 hours ago), and profits were taken. Will we see it again? Will we get another bull run and retest 7588 after that? It will help bull sentiment if we do, and put us in for a good Asian market session for the day. ...

AzzAChang

Ether, like bitty, has provided a significant push upwards, jumping from 433 to over 500. With plenty of volume, and several tests of the 12 EMA on the four hourly. Support is building, RSI is trying to cool down the overbought sentiment, and price is possibly preparing for another possible push up. If the RSI on the 4 hour can see a consolidation to below 70,...

AzzAChang

Huge volume has poured in over last three days, giving price an 1100 dollar jump. Key resistance at 6839 has broken and confirmed inverse H&S breakout. Such a spike in volume has given confidence to the bulls, and has given plenty of room for consolidation, with a possible new area of support at a previously strong resistance. 12 exponential MA has crossed the 26,...

AzzAChang

With RSI levels reaching oversold on the 15 and hourly charts, bull volume has shown up with 20 mins to spare on the daily close. Price got below 6100, before shooting up to 6275 at the daily close. With 12 and 26 EMA's being crossed on the hourly, price has come back to retest the 26 EMA. With a close above this level, a follow through to retest of resistance at...

AzzAChang

After the recent dump, the price has ground along the bottom of the 12 hourly EMA. With no real bull volume showing up, and RSI levels cooled right off, it's setting up for another bear flag (red lines), followed by another drop. Maybe some news might help the bulls gain some confidence (ETF's in AUG maybe??), but until the price crosses the 12 EMA, and higher...

AzzAChang

Bulls are unable to punch through the 0.786 fib and then 6800 resistance, after multiple attempts. With increasing bear volume over the last three days, a full bull capitulation may be saved with the formation of an inverse head and shoulders. A lot of work needs to be done with 12 day EMA back as dynamic resistance, and falling prices will have to be bought up in force.

AzzAChang

With weekly volume (bullish and bearish) dropping off since Dec '17, we have seen a descending triangle with three retests of the 5873 support line, with weakening buying pressure. The last two weeks seem to have broken the triangle bullish. If we can get continuation of the trend, a push through the 12 & 26 week EMA's, and a cross-over of these EMA's, we may see...