Technical analysis on SCYX

2020年3月4日

SCYX

Big picture: it is currently in uptrend channel. Higher highs and lower lows, tightening pattern.
Smaller picture, its underneath EMAs, so that's a bit concerning. But volume looks to be increasing more steadily.
A bit of fundamental analysis, the results from one late stage study should be out this month with positive results so that will be a huge contributing factor. Will probably spring out of this tightening pattern to upper areas in the big picture time frame.



Some chart info:

Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300

Bottom indicators are:
RSI (14, CLOSE)
Stoch RSI (3,3,14,25, CLOSE)
Stoch (5,3,3)
ADX and DI (14,20)

2020年3月10日

註釋

So price dipped below previous lows in black box for a bullish SFP (swing failure pattern). It is also sitting on support of bottom of uptrend channel (now in blue to help not confuse from purple downtrend channel).

2020年5月12日

註釋

Here is a recent update. Smaller timeframe action for swing trading. Previous price action was rowdy. Maybe scratch most of that off. I'll keep it more simple. These are my predictions.
Blue box: buy
Red bigger box above: sell

God bless