YFI looks to be forming higher lows and higher highs, it looks like it's slowly forming into a parabola. I will be accumulating long positions on the retracement between the fibonacci levels and previous market key levels, both of which line up perfectly. It also has been forming a rounding bottom, which is bullish. The stop will be set just under 40k because...
EOS, the coin which has been in a BTC downtrend for months upon months, now looks to be forming a healthy bottom with MASSIVE volumes. In my opinion this is a good spot hold for the incoming year or two! Great opportunity to increase your BTC stash for the coming years! /!\ DISCLAIMER: ALWAYS DYOR, NOT FINANCIAL ADVICE /!\
After seeing $EOS consolidate for weeks in the black box, it has finally broken out and successfully retested the box. I did some calculations to predict the breakout time, the targets are on the chart. Take profit accordingly, move SL to profit once TP1 is reached!
After a few days of consolidation below resistance with a fakeout and an ascending triangle, LTC looks like it's breaking out! Long on RETEST!
After a double breakout but HARD rejection, comp looks tired. It also broke through the 4H ascending trendline, as well as being below the decision line. I'm expecting COMP to revisit a lower support of ~140$. The market still is very volatile with BTC reaching new highs, don't over-leverage and trade with caution.
Elrond had a significant pump the past week, rising over 50%! Now, from then it has been in a descending bearish triangle, which it just broke down. With the EMA21/200 death cross coming closer as well, I see this as an almost guaranteed descent. My goal for EGLDUSDT is to go back to it's major support zones, take profit every support in case it rebounds from there.
As you can see the MACD is very much overbought, THETA also broke the uptrend. It should be going down to the strong resistances of 0.588 or 0.537
With the good news that Trump is back from hospital, BTC might be going up to the massive sell wall of $10800. BTC also just broke the 1 and 2 hour RSI support line which has been very strong. It should be facing a correction to the CME gap of ~$10500 soon, when that happens the panic selling might occur and it could drop even lower. But let's not forget that...
Earlier this day Zilliqa had quite a big pump without almost any interruptions. The MACD indicates overbought for quite a while and it should be correcting soon. Also since bearish trend in the current market it should also impact this pair.
ZIL has had a huge bullish trend the past few days, the MACD is on high levels aswell as on the RSI. As you can see there are similarities with these two trends, some days ago the same pattern seems to occur. This trend also has lower highs, which all might indicate that a big drop is coming soon.
While the market has been going down for the past two weeks, TRON (TRX) has been pumping like there's no tomorrow. It gained 75% in just a week while everything is dropping like crazy. If you take a look at the MACD and RSI indicators you can see that this is massively overbought compared to it's normal levels, and should face a correction soon. This seems to...
(Talking in timezone UTC+2) Yesterday night Cardano hopped on a massive jump from about 1250 satoshi's to almost 1500 satoshi's. The market started to catch up this afternoon, with a total daily gain of 25%! But that resulted in Cardano being overbought and the market correcting itself afterwards. Now is the time to buy back in, I assume it will get back to it's...