Jet856

Jet856 Updated 

During NU's last climb in February, NU made two clear bull flags before the last break upwards before the downtrend. More recently Nu has made 1 bear flag and is currently making one last bear flag before NU's next climb... or so I hope. Looking at the MACD, the bears are still in control but they are weakening. In the bigger picture, NuCypher follows Bitcoin's...

Jet856 Updated 

The past week, GRT has been holding nicely above the upwards 1/2 gann line using it as support. The MACD shows the decreasing momentum of this past correction, and the MACD line looks like it will cross over the signal line soon which will indicate the start of an upward trend. When GRT made a new ATH back in February, a week later it retested the ATH but it could...

Jet856 Updated 

Spotted an inverse head and shoulders on the RSI. MACD is about to make a bullish cross. GRTBTC is testing support along the 0.5 fib line. I at a minimum, I expect a 10% gain as GRTBTC retests the MA 50 which has been a difficult line of resistance in the past. If GRTBTC does not hold above the 0.5 fib level, I will expect more movement to the downside as it tests...

Jet856 Updated 

The YFI/BTC(Yearn.Finance) is forming a bullish RSI divergence like it did a few days ago before its ~25% increase which indicates a trend reversal. For safer short term trading, wait until the 50MA & the 200MA make a golden cross on the 30minute/1hour chart. If YFI breaks below the bottom fib level, I will expect further downward movement. I will be watching...

Jet856 Updated 

ALGO has been forming a symmetrical wedge, the RSI is showing neither bullish nor bearish signs, and the MACD is almost exactly in the middle. Looking at the 4hour chart ALGO seems 50/50. If ALGO breaks above the wedge and bounces back turning that line into support, I would take a long position, and if ALGO breaks below the supporting wedge line, and it turns...

Jet856 Updated 

XLM seems to be gearing up for its next break on the uptrend. It is holding the 0.786 fib level as support while the 8/1 line on the gib fan is current resistance. I think at the moment XLM does not have enough momentum to break through support and will retrace to the 0.786 fib level before it breaks above the 8/1 line and can turn it into support, and if it does,...

Jet856 Updated 

ATOM has been consolidating into a wedge since the middle of February as it did late January before its long takeoff. The bearish trend on the daily MACD is weakening. The RSI shows neither bullish nor bearish signs, but when ATOM starts to shoot up, it has lots of room to grow before it becomes overbought. However, none of this matters if BTC decides to dump, so...

Jet856 Updated 

Chart BTC is creating an inverse head and shoulders pattern, and also seems to be creating a bigger symmetrical wedge pattern which is neither bullish nor bearish. Watching to see if BTC breaks above the neckline of the H&S and can turn that line into support. If BTC has a break to the downside of the symmetrical wedge, I would be a bit bearish on BTC, and if BTC...