Ripple has just broken bullishly up out of the descending triangle it was in, and also well above its 4hr buy sell line. What's more this descending triangle may be the handle of a larger cup and handle pattern which if so would only lead to much more upside in the near future. This looks like a good entry point, but since I've been in for awhile I will simply...
NEO is forming an ascending triangle. It is currently getting supported by the 50 day moving average. if the price holds up and the upward trend line holds then we will see a short term upward movement at least to the previous high around 0.009150 which give you about 13% gain. When the triangle breaks upward we will see more upward movements. Good Luck! This...
At the end of this triange, death cross will occur.
The chart says it all. We need to break key resistance levels marked X, X and get above 50 day MA before we can move higher. We have strong support marked with green. Of course for TRON, volume is a must. For entry & exit points, check/follow the related idea: Do your own analysis before trading. :)
After death cross, BTC looks no good. New target is about 2500$.
After going below to zero on MACD, we will go below 50MA accordingly on price.
Its been a very nice rebound thus far and as you can see on the 4 hour chart we now have 3 candle closes above the ever-important buy/sell line (50MA), renowned technical analyst Steve Primo has often said that once you have 5 closes above the buy sell line you are in a buyers market and 5 closes below puts you in a sellers market, so we only need 2 more closes...
As you can see we have busted up out of the bull flag and thus also upward out of the bear flag as well...I have posted 2 price targets for a bull flag breakout one that considers the pole of the flg to be just one of the green candles a price point we've already reched...and then another prie point in case the entire bull flags pole was also the long green...
In daily period, BTC goes below to 200MA and DeathCross occured(by intersecting red and green). This picture is not good for the new long position...
Was able to ride the upward bounce off of the fib after it wicked below jsut enough to trigger my limit buy...I don't anticipate the bears are done yet though...especially since the upcoming 1day chart death cross is still seeming like an inevitability in the coming days. Now that I ahd a successful limit buy triggered I qwill likely put another top loss a few...
Nothing to do but short...and maybe reassess when to go long again based on how price reacts at the blue fib line....not a bad idea to set a limit buy way below that, while keeping an eye on how far we dip below the psychological support of 8,000. THis could very well be the results of whales stop loss hunting. So be on the ookout for any sudden boosts of bull...
Now that we've closed 2 candles below the 50 MA it's looking like probability favors the short game over the long game. Usually we wait for 3 or 5 closes below the 50MA to confirm we are back in a sellers market first so this current 4hr candle is very important....if it closes below odds are good we have more downside to follow. A short at that time would not be...
We plummeted and after we started to go below the 50% green fib line that was officially creating a new lower low/lower high which is often a signal to short. Had youd one so and follwoed it all the way down to the 50MA you would have come out quite a bit ahead. I would mark this idea as a short if it was being updated at that point...but now we have been already...
Ever since we confirmed the last bear flag breakout the price action was sent down and has tested the 50MA multiple times on the last couple candles....but has only wicked below it maintaining very strong support....however as you can see the projected drop target from the bear flag breakout has not yet been met....what's more we are now essentially forming...
Here, I am using a 4H LTC/BTC chart to estimate the length of a potential downtrend, beginning at this point in time. If the trend holds, I see a turnaround & buying opportunity at the point of confluence between the trend-line and major VPVR support @ 0.017 BTC in early April.
Support analysis of both, the previous parabolic move as well as the current slow decline, show areas of support aligning along with impending doom. Currently holding 0.382 Fibonacci, the area below is vulnerable up until the Trend line . At this point an expected rise from the Golden cross approaching within hours (200MA crossing below the 50MA, indicating short...
Exciting to see we have confirmed the breakout of the wedge....wedge breakouts tend to have very reliable projected target prices and this one goes all the way to $10335. I have updated my chart to show which fib lines, trendlines, and moving averages can act as support or resistance along the way. The only EMA I have on the chart currently is the T-Line...simply...