AI
Thursday, August 03, 2017 12:10:53 PM
though nothing is ever etched in stone, the chart agrees. this should go no later than Monday. its ready.
today the 5ma crossed over the 10ma, and that's the confirmation for an upmove. tomorrow the 20ma should cross above the 50ma, thus lining up ALL the moving averages. this a sign that it will prolly be a strong move. the 20 through the 50 is an early golden cross. its the passing of the fast lines through the heavier slow lines. many people like to wait for the 50 through 200 for a definitive sign, but it comes after, not before. this is the loading zone for breakout.
btw, for those who don't realize, breakout is on the bid side not the ask. price spikes are not necessarily indicative of a coming run. bid support is. this needs to break and hold .0145 on the bid, and when it does buyers will have to hit the ask; at that point there will be very little time for accumulation on the bid.
best of trading to ALL
today the 5ma crossed over the 10ma, and that's the confirmation for an upmove. tomorrow the 20ma should cross above the 50ma, thus lining up ALL the moving averages. this a sign that it will prolly be a strong move. the 20 through the 50 is an early golden cross. its the passing of the fast lines through the heavier slow lines. many people like to wait for the 50 through 200 for a definitive sign, but it comes after, not before. this is the loading zone for breakout.
btw, for those who don't realize, breakout is on the bid side not the ask. price spikes are not necessarily indicative of a coming run. bid support is. this needs to break and hold .0145 on the bid, and when it does buyers will have to hit the ask; at that point there will be very little time for accumulation on the bid.
best of trading to ALL
