RSI is bullish and we have a consolidating range which could give us a long opportunity. Be advised, this market is currently very speculative as it has limited trading data for pattern identification.
NEO has been consolidating since the formation of its $ATH at $58 in August 2017. I am anticipating the following scenario to unfold over the next 3 to 6 months if we break the former ATH, although the pattern may catch on and we could breakout earlier. This will be my master NEO thread.
There are two approaches here. You can either try to catch the bottom on the...
Following the completion of a strong impulse wave, Ethereum has now entered consolidation mode and will likely retest key supports to the downside. Here's the wave I'm anticipating. The classical fibo support is $367.39, but the major classical fibo support is $319.76. We've broken these fibo supports many times during heavy selling spikes, so I would look to the...
After performing a corrective bullish run from $150ish to $420, I'm looking for $BTG to consolidate and regroup. The data is razor thin since we've only been trading for a month, but here are some levels to watch. If we break the downtrend channel to the upside we will evaluate how to get long.
After catching the 160% structural wave, I'm looking for consolidation and evaluating buy back levels. The classical fibo level at $128.86 looks nice, and the crash zone at $109.928 looks good for pending orders.
This market was struggling to perform compared to other instruments over the last few months. In August OmiseGo was on fire. We tagged the major fibo resistance (a shorting level where longer term market participants decide to stay or leave the market) and collapsed. This is a sign of weakness, even tho we formed a bullish wick. I can see the uptrend line getting...
EOS is performing a potentially very bullish pattern on the daily chart, and a breach of the pink descending channel line could unlock it with gains around 90%. A counter-cyclical cup and handle MONSTER trade!
Early bird entry is around the $1.64 pivot support, which is the edge of the major classical fibo support zone. I don't recommend this entry for beginners,...
Here we go, another Bitcoin Cash consolidation! Here are the trend lines and waves I'm looking for.
Major classical fibo level sits at $1243.59 and the edge of that fibo level extends down to $878.51. I'm looking for a buy at the max consolidation level around $560.39. We could trade as low as $292.26 which is a key fibo extension.
Ladies and gentleman, this...
Will we have another life altering counter-cylical bounce? My dreams have come true with this coin many times before, RSI is bullish again, so a breach to the upside of the ascending wedge may provoke a nice rally :)
Don't forget we need this chart on our side:
As always, I'll be posting long and short trades.
Cheers and GLWT!
-Erik
Is consolidation finally over? It very well could be. If you take a peak at the ETHBTC chart, we may have hit bottom. :)
As for the ETHUSD chart, one more test of the uptrend line may be in the cards, followed by an explosive move to the upside. There will be plenty of opportunities to get involved. Targets to the upside include a MIN TP of $406, a MID TP of...
Currently price is trading at the edge of a major classic fibo support. If we can stay above this level ($157) it could trigger a bullish rally taking out resistance levels along the way. AB=CD harmonic pattern suggests trading is to be expected above $577 within the next 19 days. Thus, MIN TP can be set at the $677 fibo extension, and its possible to look higher...
Following the explosive failure we saw at the end of September, which formed a bearish wick, Zcash has been in consolidation mode. Currently, massive resistance at the major fibo resistance and the classic fibo resistance stand in the way of prices heading higher than $297. Data from this pair shows us that price likes to return to the fibo resistance level - in...
It's a brand new coin and there's not much intel so we can make a better-educated guess so let's see what we have.
First, let's keep with the basics: Look at this last rally up, we all know: everything that goes up too fast tends to readjust, so waiting could be your friend to avoid a massive dump.
Second it's very close to the "oldest" resistance level which is...
While long-term I am more bullish on other coins, its possible sectoral performance will provoke Litcoin to form a structural wave above $100 which we can ride. Price volatility is huge, with 20% swings in either direction being the norm. and Litecoin does not always respect the uptrend line, so I advise caution.
A break above the current trading range resistance...
OmiseGo has performed well against the risks of capital flight plaguing the altcoin sector over the last few months, managing to stay above the major key fibo level. Currently it has broken through a significant downtrend line, ruptured through BBs to the upside, and is showing bullish signals on the RSI. Its possible we may see a trend reversal, with intraday...
We have another bullish altcoin! Are we about to see an infamous Monero structural bull wave? Then we need a game plan, as gains or losses between support zones are in the area of 10 to 20%!
As of writing, XMR is in consolidation and could breakout above $120, followed by $140. A break of the all-time high of $155 is a BIG buy signal for a MIN TP of $212 and a...
Over 200% in a few weeks? We need a short plan!
A breakout from the support at $885 should bring a huge selloff where we can add short positions all the way down to the pivot support at $535. Be advised, there is a classic fibo support at $582 which can reverse the market pretty hard.
Here;s a closer look.
Cheers and GLWT!
-Erik
This fractal reminds me of $XRP before its final 5th wave breakout of its Ascending Triangle. Against the dollar the triangle pattern is much more defined compared to these volatile Bitcoin charts. Look to enter back on support of the .618 and Ichimoku cloud support. Still a little more Bearish movement to go according to the Stoch RSI so enter near that trend line
![STORJBTC: [TRADE IDEA - FORECAST] STORJBTC](https://s3.tradingview.com/q/qX9vENAx_mid.png "[TRADE IDEA - FORECAST] STORJBTC")
