Tag: Chart

ATOM/USD’s daily chart looks constructive, $8 back in sight

  • Cosmos challenging critical resistance near $5.85 region.
  • The No. 21 coin charts a symmetrical triangle breakout on daily sticks
  • ATOM/USD’s path of least resistance is to the upside.

Cosmos (ATOM/USD) hovers near six-week highs of $5.86, consolidating the five-day winning streak on Sunday.

Despite a pause in the rally over the last hour, the bullish momentum remains intact amid a symmetrical triangle pattern confirmed on the daily chart on Saturday.

A decisive break above the horizontal 50-daily moving average (DMA) seen earlier on the day, bolstered the bullish sentiment around Cosmos.

Note that the spot last closed above the said resistance on September 12. Therefore, buyers eye a daily closing above 50-DMA to create fresh long positions. The 14-day Relative Strength Index edges higher above the 50 level, allowing more gains.

Following the triangle breakout above the $5.20 hurdle, the bulls now gather pace for a test of the pattern

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Bears get ready to take over as EOS flashes sell signal in the 12-hour chart

  • The 200-12-hour SMA has crossed over the 100-12-hour SMA to chart the bearish cross.
  • The last time EOS flashed a sell signal in the 12-hour chart, the price dropped by >15%.

EOS made the headlines this Tuesday when they appointed Goldman Sachs veteran, Martin Chavez, to lead the advisory board. The price reacted very favorably to this news and jumped up from a low of $2.48 to an intraday high of $2.97. However, EOS was not done making headlines. Along with Chavez joining the advisory board, news hit that Google Cloud would be joining the Ethereum killer’s blockchain ecosystem as a block producer. 

EOS social dominance

fxsoriginal

Santiment’s social dominance chart shows that EOS mentions dominated 24% of crypto social media this Tuesday following the above-mentioned revelations. A huge spike in social volume usually creates a lot of hype and pushes the price up. However, what immediately follows is a period

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Micron’s Chart Hints at Chip Sector Improvement

Micron Technology (MU), a manufacturer of memory chips, reported fourth quarter earnings after Tuesday’s closing bell. The report comes amid a decline in chip prices, as the market works its way through a supply glut. 

Micron earned $1.08 per share, on revenues of $6.06 billion. The company was expected to earn .95 cents per share on revenue of $5.3 billion.

Micron has been an underperformer this year. As of Tuesday’s close, the stock was down 4.8% year to date. This compares unfavorably to the S&P 500, which has gained 3.24%, and the Nasdaq, which has gained nearly 30% so far this year. 

COMP CHART
Micron vs. S&P 500 vs. Nasdaq 100. Chart by TradeStation

However, there is good news for Micron bulls. While the major indices have had a tough month in September, Micron has been climbing higher. The relative strength of this stock vs. the major indices has been

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BYU Football Releases Depth Chart Against Louisiana Tech

BYU is 2-0 as they prepare for another game on Friday night. BYU released their official depth chart against Louisiana Tech:

Quarterback

  1. Zach Wilson
  2. Baylor Romney
  3. Jaren Hall

Zach Wilson had a career night against the Troy Trojans – I expect another big performance from Wilson on Friday.

Running Back

  1. Lopini Katoa OR Tyler Allgeier

Following the injury to Jackson McChesney, BYU really needs these running backs to stay healthy. Sione Finau, who tore his ACL last year, will be available very soon. Finau led BYU in rushing last season. 

Full Back

  1. Masen Wake
  2. Kyle Griffitts

Quick shoutout to the full backs – they played really well against Troy. Masen Wake had two touchdowns and Kyle Griffitts had a reception with some yards after the catch.

Wide Receiver

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  1. Neil Pau’u
  2. Kody Epps
  1. Gunner Romney
  2. Keanu Hill OR Brayden Cosper
  1. Dax Milne
  2. Chris Jackson

Both Brayden Cosper and Kody Epps had

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Refinitiv Lipper Chart Of The Week: Tech Sector Funds Fall Out Of Favor

Funds in Refinitiv Lipper’s Science & Technology (tech sector) classification (including both mutual funds and ETFs) suffered net outflows of $1.3 billion for the fund-flows week ended Wednesday, September 23. This was the tech sector fund group’s fifth largest one-week net outflow in its history (Refinitiv Lipper began tracking fund flows data in 1992). As could be expected from this peer group, its performance (both from a fund flows and total return perspective) has mirrored that of the technology-heavy NASDAQ Composite Index.

Similar to the majority of fund asset groups, tech sector funds were hit hard when the impact of COVID-19 took hold near the end of the first quarter. The group closed Q1 with four straight weekly net outflows that reduced their coffers by $1.8 billion. The peer group’s performance followed suit as it retreated 11.1% in March, which was slightly worse than the NASDAQ Composite which finished the

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TRX flashes sell sign in 4-hour chart, despite long-term bullish outlook

  • TRX/USD 3-day chart has formed the bullish golden cross pattern.
  • The 12-hour chart MACD has reversed from bearish to bullish.

Tron’s 3-day chart has had a bullish session after five straight red sessions. However, there is one more sign that shows that this isn’t a one-time occurrence.

TRX/USD 3-day chart

TRXUSD 12-hour chart

The SMA 50 has touched the SMA 200 and is about to completely cross over to chart the heavily bullish golden cross pattern. This means that more bullish growth is expected. However, how much is the upside potential? Let’s check out some smaller time frames.

TRX/USD 12-hour chart

TRXUSD 12-hour chart

TRX/USD has had a bullish breakout from the descending triangle formation. In the process, it seems to have broken above the SMA 20 curve. The MACD has shifted market momentum from bearish to bullish. Ideally speaking, the price will want to break above the $0.02945 resistance level to make the most out

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