At least is on advertising business. This token almost having 3/4 of it's total supply in circulating. Has been listed on Bittrex, Binance and Upbit will quite giving a lot of exposure on this project. Technical parts: 1. As I draw the Elliot Wave it looks like it pretty much at the final of it and look for retrace ment. 2. The first bottom target which is...
Watch for a test of the trend line drawn on the chart. As price recently made a new high it made it on a divergence against the RSI. This is a bearish signal that should continue to drop the price this week. Also, trend momentum has been losing strength based on a falling ADX. If momentum for the bears builds strength as the trend line is tested, be careful...
Low momentum is still the call here for ETHUSD. More range-bound to lower trading ahead. With near-term Fibonacci resistance holding, and no momentum to break to the upside, look for more selling interest to come to market this week. The recommendation is to hold until there are bullish signals coming across the internal indicators, otherwise wait for more...
The highlighted red apex is the path likely for BTC in the coming days. The apex is around 6300. Not a whole lot of trend momentum at all, so more flat-lining to be found (with the slight bearish slant from the slight RSI divergence) Yawn! Wake me up on a break above the upper black bearish trend line
The red trend line breakout objective (marked with arrows) is still in play. Post-break the price dropped back to the breakout point level and held as support (typical throwback). Internal momentum on the ADX is showing early signs of buying interest returning. Also, the MACD showing a nice crossover too. I would buy here and sell stop on a break below the...
Buy level : 2800-3100 sell targets :4500-6500-8000 confirmation daily close above 3500
Entered off this double bottom, trade location is great as its been sideways consolidating signaling this as the bottom. Looking for a 2:1 R/R profit target. Still lots of room in the Willy for buy volume and we did just come off a bullish divergence. Lets see how this plays out.
-Tesla stock movement has consolidated into a symmetrical triangle pattern. -RSI is not yet in overbought territory. This allows room for upward growth. -ADX and DI indicators are showing a slight crossover, meaning that Bulls are gaining traction over Bears which is a Bullish signal. -TSLA is moving in an Upward Trend Channel Long Strategy- if Upper...
Same old Same old… not much change on this chart at all. This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and...
$BTC = Bullish correction in an overall bearish market. The ADX, which measures trend momentum is losing power.. so definitely not enough oomph to push above the resistance zone. Thoughts?
After the market tried to rally but stalled into previous 61.8% resistance ($7,402), the market was starting to give a signal that this was a bullish correction in an overall bearish market. At the previous high ($7,402) the ADX indicator crossed to show the bears taking control of the near-term trend. The market stalled on a lack of buying interest at this...
With price finding early selling interest at a low Fibonacci retracement level ratio and the red negative directional index line not crossing down through the positive directional index line, look for selling interest to remain here with the previous low as a target for a test of support once again. Despite the latest move up recently, the bears maintain...
Price tested the 61.8% Fibonacci resistance level a couple of times and was held off by selling interest. This line became a key area of selling interest, and should remain strong going forward. now becomes critical resistance moving forward. Momentum for trend is starting to kick in gear for the bears. The Average Directional Index (ADX) line is increasing...
Momentum for trend has kicked back in gear for the bears. The Average Directional Index (ADX) line is increasing at the same time the red negative directional index is staying elevated. The bears started to take control right at the time the trend line A was busted to the downside. The blue highlighted squares mark the trend line break and the crossing of the...
Support and resistance can be found in this blue wedge type pattern as price falls. The previous historical low around $198 has been breached to the downside, which brings in the next area of support around $175 (a significant low from last year). The validated break below the blue 61.8% sets up a full retracement opportunity near $138. Sentiment remains...
The 61.8% level marked on the chart was once support (area of buying interest), but now is resistance (area of selling interest). This retracement level is actually critical resistance this week that needs price to bust to the upside with some buying momentum to back it up. This is what is needed to get BTC out of the sideways to lower pattern that has formed. ...
The US dollar has been a bit volatile over the past several weeks owing to mixed signals over the trade war, an ongoing spat between Trump and the Fed over the trajectory of interest rate hikes, and the ongoing NAFTA saga. Although the technicals for USDJPY seem to be bearish at the moment, we don't have a lot of conviction. The current price of USDJPY is...
$7,495.10 is the golden ratio line to watch this week as key resistance. The black arrow marks an intersection of the bearish dotted trend line and the blue 61.8% Fibonacci level. This intersection is the spot where resistance is likely to be tested, but can price break to the upside this week? The last time a key 61.8% Fibonacci level was tested the market...