There are 3-4 indicators currently pointing towards a potential breakout very soon.
- RSI touched the oversold area.
- RSI decline has been broken out of
- Sell pressure is declining
- A falling wedge breakout that appears imminent
I'm not trading NANO however my suggestion for a stop loss would be best below the wedge at around 0.0000940.
The falling wedge...
I've labelled the specific points that could represent a Wyckoff accumulation patttern. The 5 phases represent:
(A) controlling the downtrend to a stop
(B) buying and selling to create a trading range in order to accumulate as much as possible
(C) testing supply to conclude when accumulation has been maximized
(D) transitioning to an uptrend
(E) executing the...
It looks as we have a Wyckoff accumulation pattern playing out on NANO.
It appears we are currently in Phase C of Wyckoffs accumulation pattern with a last shake out.
In phase D we should see price moving to the top of the resistance line and phase E a full blown take off.
This is not financial advice.
Algo closed yesterdays daily candle above daily resistance, we can also see on the 4hr timeframe new bullish price action we have broke above this counter trendline and formed the right shoulder of this nice inverted head and shoulders formation, we are currently retesting previous resistance as new support and we can expect to see the contination to the upside to follow.
Here is the DASH game plan guys. Also note this is a LT hold for me so I may try to carry this coin out into Oct. But for a trade I think $750 or the 1.618 fib extension is a reasonable target.
Also the Goat Greg Manerinio is buying DASH heavy so I suggest you do the same b c he is literally never wrong.
ALPHA has broke out of the corrective downtrend resistance and is forming new bullish structure, we had a daily close above horizontal resistance yesterday and we are now retesting it as support, if this zone holds its likely we see more upside movement
$LINA had a nice bullish breakout from the descending formation
8 or so up candles and exhausted momentum caused a holt
Looking to get long on some of these down/demand candles as the payoff could be mental if it reaches back to range/initial highs
$BTC is actually at resistance though so I haven't DCA'd/opened yet!
See you at 20 cents soon, pls...
LINA has broke out of this massive falling wedge on the daily timeframe with a impulse to the upside and is now currently retesting previous resistance as new support which is aligning perfectly with the 0.50 fibonacci taken on the impulse leg, we can also see this nice inverted head and shoulders on the daily timeframe. I am expecting the continuation to the...
CHR is currently respecting this area of key daily resistance, we can see a possible inverted head and shoulders forming.... if price manages to break above this zone and flip it support we are going to see a strong push to the upside.
ZIL is looking bullish, buyers bought the dip pretty aggressively and now market is testing daily resistance! We have this confluence of resistance with the counter trendline and the horizontal daily resistance. IF market breaks above this zone we should see a nice pump !
HBAR is looking bullish, since the recent correction we can see the bulls bought this dip pretty hard and pushed price back above daily resistance which the market is currently now retesting as resistance.... we can also see a nice inverted head and shoulders forming! Price is going to get sent if this zone holds as new support📈✅
Bitcoin's recent weakness is proving the opportunity to other cryptocurrencies to shine, offering investors and traders interesting volatility to exploit.
The red line on the chart shows how Bitcoin's dominance is rapidly falling, meaning that new capital flows into Altcoins. Every trader has to keep these dynamics clear in mind when assessing what the most...
WAVES since my previous analysis - market provided us with this beautiful impulse to the upside, a move we capitalised on and broke above daily resistance. Now what we can see is market is making a nice correction and looking as though we are going to see a retest of previous daily resistance now turned support before the continuation to the upside, i will be...
Many of you ask in the comments: "Yuriy, what coins do you invest in for the long term?" In this post, I will show you all the coins I have in my portfolio. Scroll below and see my entry points and goals that I want to achieve.
YOU MUST REMEMBER: only you're responsible for your open positions. I just share my trades with u.
Write in the comments all your...