Failed attempt #3.... possible correction or a H&S reversal?
Seems that the descending Andrews Pitchfork has tested the lower level (1.0) @ point #3. Green lines would indicate a possible head and shoulder pattern for a reversal (right upper shoulder possibly at 23.6% @ 0.01646) Red would indicate a correction and a possible continuation in the downward pattern :( (Base-0.0% @ 0.01056 and possible strong support)
I personally would like to see more volume with this last dip... But MACD and RSI so far have been honest as to where we have been trending. :( :(
**The larger Andrews Pitchfork shows crossing at the midline and a possible change in direction... which would help possibly break out of the smaller pitchfork for a new upward trend.
I personally would like to see more volume with this last dip... But MACD and RSI so far have been honest as to where we have been trending. :( :(
**The larger Andrews Pitchfork shows crossing at the midline and a possible change in direction... which would help possibly break out of the smaller pitchfork for a new upward trend.
Trade closed: target reached:
Just a quick little update to the chart above...
On the 4hr view, we have attempted to test the Lower-level line twice on the andrews pitchfork with clear change in direction. My only concern is that the 4hr view MACD line is returning to neutral level without the price making new higher-high.
on the 1 day view, (original post) MACD lines look really healthy for possible swing up in next few days. From looking at previous lower-low on 7/22/18 to previous Higher-low there was approximately a 24.52% gain. IF we have same 24.52% gain from this current lower-low, this would put us around ~0.01558
Hope this helps. If see something different, please feel free to comment... no one is perfect :/
Just a quick little update to the chart above...
On the 4hr view, we have attempted to test the Lower-level line twice on the andrews pitchfork with clear change in direction. My only concern is that the 4hr view MACD line is returning to neutral level without the price making new higher-high.
on the 1 day view, (original post) MACD lines look really healthy for possible swing up in next few days. From looking at previous lower-low on 7/22/18 to previous Higher-low there was approximately a 24.52% gain. IF we have same 24.52% gain from this current lower-low, this would put us around ~0.01558
Hope this helps. If see something different, please feel free to comment... no one is perfect :/
Trade closed: target reached:
It looks like we have tested the midline x3. From here it really depends what will BTC & XMR do individually
Trade closed: target reached:
Let's make new Lower-HIgh.... Please!!!