Doge coin recently gave us a MASSIVE push to the upside. It's only right that it makes a correction before making another big move.
The best place to look for buys would be the ascending trendline as there's other confluences at play there. Watch closely for price to correct near the ascending trendline and then pull the trigger!
From the recent bull run, we require a little time to refuel and get ready for yet another big move! Price approaching the 50% fibonacci in the form of a bullflag. Multiple confluences. Wait for buying pressure and then strap up for a moon landing!
From the recent bull run, we require a little time to refuel and get ready for yet another big move! Price approaching the 50% fibonacci in the form of a bullflag. Multiple confluences. Wait for buying pressure and then strap up for a moon landing!
As with all the other crypto pairs, we have seen a big bullish leg followed by a correction which we are in right now. We could possibly be in an ABC bullish correction now with the end of wave C aligning with the bottom of the flag and the Daily MA. Will wait to see if price reacts there and look for buying pressure.
From the chart you can see that Litecoin has been in a steep trend but it's not without it's many corrections. As we've hit the upper limit of the channel, price needs to correct for the next move up. Best place would be the channel support where we have the 78.6% fibonacci.
In the meantime, we can look for bearish price action and short it to the channel support.
From the chart you can see that Litecoin has been in a steep trend but it's not without it's many corrections. As we've hit the upper limit of the channel, price needs to correct for the next move up. Best place would be the channel support where we have the 78.6% fibonacci.
In the meantime, we can look for bearish price action and short it to the channel support.
ETHUSD can be seen to be within a channel and moving in corrections and impulse. Every time the price came near channel support or resistance, it reacted aggressively. We are now seeing price approach channel support again where we have multiple confluences:
1. Channel Support
2. 61.8% fibonacci
3. Previous level where price reacted
Will wait for break of...
ETHUSD can be seen to be within a channel and moving in corrections and impulse. Every time the price came near channel support or resistance, it reacted aggressively. We are now seeing price approach channel support again where we have multiple confluences:
1. Channel Support
2. 61.8% fibonacci
3. Previous level where price reacted
Will wait for break of...
We just saw a massive dip in bitcoin but could this be the end of the bull run? This is where price action is important. See chart below for the 2 scenarios.
Scenario 1 - We see a bearish correction now which will lead us down to atleast 40k.
Scenario 2 - We see a bull flag which means this was a momentary dip!
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as we can see XEM is in a ascending parallels channel and can be purchased and hold for a while as it seems to be in a good place to purchase
we can see it has already bounced from its previews waves Fibonacci retracement golden zone ,and crossed up from its accumulation zone
it has a very good chance to touch its Fibonacci expansion of 27% which has got some...
For those who paid attention yesterday we had signified that the ALTs rally was weakening and that Bitcoin would rise faster than alts (or drop slower than alts).
This chart worked perfectly well for us again and helped us identify the trends nicely.
As you can see UNFI lost the support of the trendline. In case of retracement we can expect it move down to the 0.382 support level ( 0.000579 - 0.000572 ).
Plan to wait and long this altcoin when (iff) it hits support (green box). 147 place on coinmarketcap, 18 MM capitalization. Not the worst altcoin.
Not shorting here because first of all there's no platform to do that lol and I think there's a chance that it won't be reach support and continue to going up.
As you can see after falling by 83% (I'm not counting...
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Guys if somebody want to see a 2min fast TA and give me some feed back
Welcome to our daily technical updates section
In this video we will talk about the current situation in #Bitcoin and why another dump in the market could be the most reasonable option.
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I never really played with the fib time tool but on my first try, lines seem to line up?
Time predictions can be quite elusive but this is hopium until it is not.
The similarities between the 10 September - 15 November 2018 and the 01 February 2019 - today price actions are more than visible. There is a very high chance of the pattern repeating itself is the 630.000 Support breaks. The target would be 365.000 where long term investors can buy again for the next bullish leg.
