OMGETH still gaining steadily, minor corrections for profit takings. consolidation on the way, we should see .045 soon. Great place to buy, would be a short term 50% retrace to .031. No major breakouts from the channel, steadily trending upwards, we should see new highs coming soon.
OMG falling on hourly, symmetrical triangle forming on larger pattern. This will take time to consolidate. Good resistance around $10 for a bounce, can buy at $8.67 on larger time scale, if trendlines remain unbroken. Look for consolidation, followed by a breakout to $15. Think longer term on the upswing. Just my idea, please share your thoughts.
A bearish triangle appearing with the 38% fibonacci retracement, which should have some good support. However, if this breaks downwards, we could see prices move to $6.50, and maybe even $5.00. I'm expecting price to consolodate around the 38% line where it currently is, but wanted to show some resistance levels in case any were wondering. A third uncharted...
Volume hit high levels and price reversed slightly, if XMR cannot break this level, that was enough volume to call for a slight reversal. We could see a retrace possible. The greatest profit takings will occur at 50% and 61.8% fibonacci levels, the supports are around $85-$97, and a good buy opportunity will present itself if price reaches between $100-$90.
OMGETH breaking out of one channel, should see it drop and bounce off bottom 2nd channel below in black. Support at .027. We should see resume larger trend in bigger channel after, so I believe it will stay long. Resistance levels marked on left.
ZRX continuing to trend downwards, as it finds bottom. With new lows, we draw new trend lines. Hopefully bottom will be no lower than .00005. Until then, expect it to stay in channel. If it breaks downward we could see .00003. Falling wedge is usually a preliminary indicator that there will be a reversal coming. Keep your eyes out for a breakout.
While not a popular choice on wall street or any advice columns, Zynga looks as if it is in consolidation phase after it's last shift of 30% increase in stock price. Couple of trend patterns to look at on the 1D chart. The long term charts show a bearish trend, with possible reversal early in 2016, made clearer early in 2017. The price dropped from $5.60...
It seems overall we have had a reversal upwards. Price bottomed and strong volume indicated a reversal. Price bounced off 61.8% fibonacci retracement level and is now retracing upwards. A good buy opportunity here, if this plays out. UNLESS, The highest point recently is anther reversal or pivot point, the volume was huge and price had continued its downward...
The first thing I notice in this chart is that there seems to be a reversal pattern taking place. OMG has reached it's highest high, and has started receding. Drawing out the fibonacci levels for future reference, as to find the resistance levels, we see that the 50% fibonacci level of around $7 was tested again, and this will be the bottom for the bearish...
Looking at ETH/USD on the 1 hour charts, we see a strong resistance line drawn above which price has bounced off multiple times. This was setting up a bullish triangle, that was broken (shown by dotted green trend line). The current short term trend is bearish now. We must redraw our trendlines. We start off with a bearish channel that has been broken, shown...
There are two ways to look at this chart from what I see. One, there is a double bottom, which also happens to form the bearish triangle. If there was massive volume displayed by the RSI, I would think this could be a reversal signal. But there isn't. Price didn't bounce with much bullish invigoration. The second pattern I see, is an inverse cup and handle...
If we look at this cart we see a couple of trends. Overall, we see an upward movement, to a peak around $4400. As we look at a volume indicator, the RSI, we notice the the very highest peak had lower volume than the peak before it, leading to what is called a bearish divergence, drawn by the red arrow over the bottom indicator. After this there was large volume...
A very large cup formation from SAN/USD, which recently broke out above the moving averages and is on the rise. We could see this rise upwards of .45 - .6 in the next couple days. Keep your eye on this one.
OMG USD has been witnessing unreal gains. It has recently went from $1.41 to $7.50 in a matter of days. However, price seems to be consolidating over past couple of days, creating multiple patterns. In the long term trend channel, we see a rising wedge formation, with a definitive bearish divergence forming in Relative Strength Index. In most recent...
OMG has just broken out of it's current consolidation and seems to be a continuation of it's previous trend. It has broken out above the 100MA, and the volume oscillator shows big volume, RSI peaking on hourly charts. We should see a slight retrace, but overall pattern looks bullish.
BITCF has been consolidating since the first historic boom up to almost .90. As you can see there are two major trendlines, down and up, since the beginning, and since the peak. This looks like a long term bullish indicator as price has been consolidating during an upward trend. Price has broke above the pattern on the 1 day chart, and we see 2 strong bullish...
Noticing a couple trends on the chart, we notice that our previous high fell quite a bit almost down to 1.00, our 50% fib ratio was surpassed on the uptrend, but the 61.8% line held strong and bounced all the way back down. Now OMG is looking to retest that value, after breaking out of it's triangle. It has bounced off it's moving average and seems to be on...
Following a bullish reversal, ETH surpassed $200 and bounced hard off $210. As a result, we now have a short term bearish triangle forming on 1 hour charts, flat bottom and angling down. Look for breakout of triangle. Our 190 support level and 210 strong resistance levels are still intact. If this breaks down past 190, we could see price at $175. With a...