ZEDALTON

ZEDALTON

I initially thought the latest price action might be the beginning of a V reversal. A closer look and drawing of a few lines confirms that a Right Angled Ascending Broadening formation (a mouthful I know) was broken. Price action will probably retest the lower blue support line before kicking back downwards. As always, with charts, nothing is written in stone. ...

ZEDALTON

Bitcoin is struggling to hold it's current level. A short ascending wedge is forming leading up to the 10,500 level. Volume falling on the weak climb. I don't see the bulls charging in to consolidate here. Worth noting that if it keeps bouncing and finding support at 10k - 9.5k whilst it's highs get lower it will create a descending triangle which is...

ZEDALTON

Potential Bear flag forming on the 10,500 (prior resistance) after Head and Shoulders Top. If the bulls can't lift or consolidate here it could plummet to 9000 support level of June/July or perhaps find support on the long term trend line just above.

ZEDALTON

Gold finding support bouncing off a recent channel and forming a symmetrical triangle.

ZEDALTON Updated 

If I have read this correctly. . . a head and shoulders top has formed on BTCUSD. I'd be bearish on this if it goes through the neckline.

ZEDALTON Updated 

3 Distinct tops and a 'broadening top' formation having me thinking this might tank soon despite it being forecast to have a few good years ahead. It's also slipped below the 50 day which doesn't bode well. Half yearly report due soon. See what happens then.

ZEDALTON

Price action moving into 3rd contraction. Low volume signals not much supply at this price. Should move up soon.

ZEDALTON

BTC. Don't trade it but love it's moves. Most sentiment seems to be bullish on BTC. I see things a little differently. It appears to be ranging and could break down if the bulls don't pick up the pace. 1. It slipped out of the channel after a major run up before hitting the resistance line. 2. It violated the 50MA which has resulted in a sell off in the...

ZEDALTON

Gold continues to gather steam. And my charting evolves, thanks to Bulkowski. Wheels within Wheels.

ZEDALTON Updated 

ZNO under accumulation after initial run up. Tightening price action and extremely low volume. Supply is drying up. Should break out on the up side shortly.

ZEDALTON

I'm a fan of the Minervini's VCP (see ZNO.AX). FPH.AX appears to have finished it's contraction and is set for another profitable run. 50MA above 150MA above 200MA Steady earnings growth. A slow and steady climber.

ZEDALTON Updated 

I think this indicates gold is about to test all time highs based on this kind of chart. Someone else pointed this out on social media and I've had a closer look at it. A perfect inverse head and shoulders. Cleared resistance at 1700, got thrown back and then broke through again. It becomes apparent now that a lot of ASX gold producers are showing a similar,...

ZEDALTON

I have been reading Bulkowski. Exhaustive amount of information to be digested. Here is a trend reversal pattern. Inverse head and shoulders formed on Regis Resources and it gapped up this morning on opening increasing chances of success. The tall and tight nature of the formation is also a predictor of success. Average gain on this pattern is around 30+%...

ZEDALTON

PPK has been building a long, low volume/low volatility base the past few months after a massive run up at the end of last year. A perfect cup and handle has been by passed with a gradual incline. 20 MA now above 50 MA. I love the look of it. See what happens in the next few weeks.