Logzor

Logzor

We seem to be stuck in a downward channel, I think we will find support at the .618 before we go to $1.5

Logzor Updated 

This is an important week for ARKK and Cathie Wood. Following pre-market doom and capitulation we are seeing a bounce to the long-term support level. Hoping this can resume and break above 111 and maintain support above the 200 EMA. A close below 96 would indicate a further drop.

Logzor Updated 

The MACD and RSI are weakening while BNB continues to outpace BTC. This may signal a bearish reversal in the short term with a pullback to the .618 fib extension or the long-term trendline. While MACD is above the 0 line we still anticipate an overall bullish momentum until either the 0 line or the long-term trend line is breached. I am relatively new to TA so...

Logzor

BTC managed to fend off the bears in the latest attack, bouncing us from the 8400 levels nearing the fallout point of the upward trend line. As we descended below 8600 the 45 minute MACD histogram showed weakness in favor of the bulls, this gave us clues that the downward trend would reverse. We're now bumping up against a bullish wedge, which upon breakout...

Logzor

We are witnessing LTC in a consolidation pattern as it bounces between the .236 and .5 fib zones. Averaged RSI confirms consolidation as it avoids overbought or oversold conditions over the past 24 hours. LTC appears to have avoided being drawn into the low-volume pocket between 163 and 188. Therefore it is foreseeable that it could bounce upward to low volume...

Logzor

MACD is making lower highs while price was hitting higher highs at the recent run up to 253. This may be an indication that the current overall uptrend is headed for a potential downtrend. We're now entering a sharp decrease from the 9 EMA indicating bearish momentum, confirmed by the MACD histogram. Are we entering a similar drop to what we experienced in late...

Logzor

A clear uptrend remains in play assuming we sustain above the 201 level. The bigger story is the massive volume pocket between 152 and 217. Only a sustained breakout above 152 will tell us we've vanquished the dreaded blue volume pocket in the mid-range. A sustained breakdown of 201 may confirm that the gravitational strength of the volume pocket will retrace us...

Logzor

BTC has two options, up or down. We're hitting massive resistance at 11,500 which is the downtrend line from previous highs at 20,000 and 17,500. A sustained breakthrough of 11,500 for four hours followed by a break above previous support/resistance levels of 11,900 indicates a push to 12,898 at the .5 Fibonacci level. However a failure to breakout in the next...

Logzor

Bullish pennant drawing to a conclusion with a possible bounce on the upper trendline, to be confirmed by a sustained period of time over 236. However, as mentioned in my earlier post, a break down below 215 may indicate a drop to previous support zones. RSI indicates a short-term drop to the bottom of the pennant with an upper trend with potential breakout.

Logzor

LTC likely to retest recent highs with a potential to break out 266, a previous level of support. However, the 1-day Stoch RSI indicates overall downward momentum. Levels falling below 215 for more than four hours are likely to drop to 205 and then fall to previous support area of 175. Any feedback on this analysis would be appreciate, rookie here.