Simple bullish pattern and going long. SegWit activation of BTC might be positive as well.
IOTA might found its top for a while. There are increasingly bearish signs, like RSI divergence and broken support. Still, the uptrend is not broken, so I would not short it.
If OMG continues to respect the uptrendline, a jump is imminent.
ETHBTC is in a downtrend since June. Now it rests at long term support. RSI show a bullish divergence. It can easily rise 20% until it hits the downtrend. ETHUSD has hit resistance a few days ago and is now consolidating.
DSHBTC is in a sharp downtrend at the moment, but nearly at long term support. RSI is in oversold territory, which also suggests a reversal. Personally, I don't like catching knifes, so I'll wait for confirmation before I go long. More reckless people could already set some buy orders, though.
DASH broke out of the downtrend and is now retracing and RSI shows a bullish divergence. It also at a long term support level. As BTC dropped below $4000, this could mean altcoins like DASH can now grow again.
This looks very bullish for DASH in the next days, although the StochRSI does look like an upcoming downswing.
After forming a bullish flag pattern for two days, OMG seems back into its uptrend again.
IOTA is now at a level, where it bounced shortly after it started trading on an exchange. I so no reason, why it should not rise further, though. The fundamentals are strong. It would help if BTC stops shooting up and goes sideways for a while.
OMG has a strong asian following. It forms a bullish ascending triangle an the stochastic RSI is also ready for a strong push upwards.
In hindsight, we can interpret BTC as purely bullish. After the $3000 ATH it formed a bullish flag. Then came a push and a bullish ascending triangle. Now the next push.
After being in a downtrend for over a month ETH has now broken out. However, it is only sideways for now. It needs to make a higher high above $260 to confirm an uptrend. Currently, Bitcoin Cash is still stealing the show, but maybe some ICOs provide different gossip soon?
IOT running directly against a doubly strong resistance from downtrend and previous high. Also, the RSI is nearly overbought already. Looks like a short opportunity to me. However, fundamentals are long. The tech is still promising and money from the BCC dumping should flow back into altcoins. That is probably not enough to break through to $.29 and beyond unless...
Since BTC will probably get SegWit, LTC could be setup for a big downward correction. There is a big Head-n-Shoulders, which could complete around Aug 1., which is an important (although less so than before BIP91) date for BTC. There is currently a downtrend, which fits the completion of the H%S.
That jump was a surprise. Now I have no idea where IOTA is going next, so I'm waiting for the next move. If it jumps up against the long term downtrend, a short position is on the table. If it jumps down to the long term uptrend, a long position is on the table. And always look at where the BTC wind blows...
There is a bullish double bottom, but that pattern failed earlier. Also there just was a fakeout and BTC currently loves fakeouts before going down further.
While market sentiment for IOTA is good, the chart is quite bearish. I'm looking for a long term long entry, but currently it seems not to be the right time. Considering a short if it gets closer to resistance.