Bitcoin is forming a very large descending triangle, and has been doing it for more than 3 months.
Usually, descending triangles break downwards strongly. This is based on historical data. Now, if we look at the Bitcoin chart, it is very likely to get a larger pullback to $8,500-$8,750 due to the exponential increases had in June.
From The Copilot trading group,...
ETHUSD Ethereum has consistently bounced off the 200MA since the start of its run in 2017. We are again at a crucial point whether Ether will hold this level and move higher. A breakdown of this level will see the prices as low as $480 - $390. Long term Ether is a very good investment as it has working platform and ecosystem of DApps.
I wont be doing any calls for buy or sells. However this are the levels I noticed that had been useful for me.
To make it easy, I made the support in green and resistances in red.
I added a Purple bull trend which surprisingly got respected, this trend was traced from last bottom touch around 6000. May be it got combined with previous support at 9000~9200 zone.
After finding support at 0.000185 IOTA bounces up and resumes uptrend move.
Currently fighting resistance at 0.000225 once its broken we can set profit target to 0.000325000 where is the major support.
Once its broken, we can set profit target to 0.0004 following the ABC pattern.
Any comments or suggestions? Let me know ! :)
The price bounces from the support zone which is formed by SMA100 and 0.000600 support level. RSI confirms price reversal. MACD histogram supports upward movement. It's a new trading opportunity. Pending orders can be placed at 0.000640 level with stop orders at 0.000590 level. Profit targets are 0.000700 and 0.000800 levels.