-I know there is a lot of news on this coin going forward, but my analysis are based on 50%technical, 20% Psychological/sentimental, 20% Fundamental and 5% News.
-So (Technically) if the markets behave as expected we can only wait to see a continual move towards the support lines as the MA cross, or (News) a move down and then a possible try up which...
-As the candles attempts to pass through the strong resistance/ only left resistance, we see movements towards previous all time high.
-If it fails to do so we expect to see a bounce to up trending support forming a head and shoulders pattern, for the bullish run to break the all time high.
-Target set at $5057.54 and $5197.43
BCCBTC breaks though both up trending and long term down trending resistance, but has inched up to the resistance.
possible ways forward are
1. Re-tracement to up trending support or
2. A break to the higher positions/ resistance.
PIVXBTC arriving end of triangle.
If its breaks triangle it will most likely head for the 0.0008357 level and try to break it to major resistance at 0.00088837
Observe as MACD forms similar trend with last breakout and also lower support has been tested 3 times.
support at 0.00072593 if candles break below triangle.
EURGBP already hit support level at 0.91561 If this level is broken, next support would be expected at 0.91184.
As RSI and Stochastic signal an oversold position and volume slowly rising the candles reach for the end of the Triangle. Possible upward move anticipated.
-Watching to see a bounce off on of the support lines before entering a long position. Cause of fall in markets is news on Initial coin offering Bans in china which as always people misunderstood causing Fomo.
- Expecting reversal candles and Buy confirmation.
-Watch present range a its being tested for the 3rd time
Comment your ideas and thoughts, THANK YOU.
As the last part of consolidation comes would be expecting final sell out and then a break for the uptrend. Estimated final target at 170k sats.
Indicators showing final stage off correction. Bounce at Support line or slightly bellow. Short term move up to possible resistance at target 1, 3:1 Reward to risk. Lets watch,
-Crossing in the 7 day and 21 day moving averages show more downward move to the 77 day moving average. Breakout at point of cross over.
-Volume indicates decreasing selling support and accumulative kind of format.
-Expect a move down to 0.00583808 at which point trade should be active.
-1st target at 38.20 fib level
-2nd target at 61.80 fib level
-I would expect a small bounce at the 51.6 Fib line line foe a retest of the 160.30usd to for a double top before trending down towards the 61.8 Fibonacci to prepare for the 3rd circle move upwards to all time high.
-But if prices break bellow 51.6 Fib Chart might also move towards 61.8 Fibonacci for further consolidation as RSI and MACD signal a Correction.
GBPUSD faces a Bear storm as Friday's action forced the pair under the 100 MA for the first time since June 8 ,2017. With Sunday night's pullback now reversed, price looks to be sliding back to the 200MA(4hr) with strong support however temporary it may be, at the 1.2976. The June 20, 2017 price low 1.26036 would be next target if price continues to slide beneath...
Ethereum looks like it's ready to breakout of its downward trend after falling 50% from it's peak at .15 against Bitcoin.
It's bouncing off of the trendline formed from those April/May swing lows.
A GOOD SIGN
RSI never reached oversold. While many people think oversold RSI is a buy signal, it's the opposite. If a stock DOESN'T reach oversold on a big pullback,...
ETH/USD Higher Lows Mark the current Bullish structure for this pair since the July 29th low near 175 unable to push lower. Now ETH/USD looks to have all the Bulls men along for the ride back to 2017 highs @419.90. @cryptoseraph
I have been watching this pair for some time now and expected the completion of the 4th wave to the top of the structure on the daily time frame. This wave has completed and we now wait to see which way the price will move.
Tomorrow night at 23:00 South African time (GMT+02:00), we have the NZD interest rate decision and...