This bullish flag is pretty interesting because it comes after the rally of a few weeks ago, which turned the sentiment on #ethereum. Technically speaking it lines up with either .618 Fibonacci level and a previous resistance area (around $550 handle) which now should provide some support. Might be a good point for the next leg up.
Pretty self-explanatory analysis. We have two possible bouncing zones, one around $7100, on the lower trend line of the symmetrical triangle, and the other between $6200 and $6500, somewhere in between the previous two lows. Lower bouncing zones are possible, since a descending triangle may be forming, but let's hope we don't go that low.
We are falling out of falling wedge i called 2 weeks ago, we are no in a free fall to 7500 where i expect a low support zone, then i think we will mabye touch 7200 where i expect a strong support zone. RSI: 2 Hours looking good, its nerly in the botton RSI: 1 day have little more down to go before it will return. Macd: 2Hours: Want to go more down, showing...
The price breaking off from the local trend zone of resistance went into correction in the area of the previous trade, the fall was accompanied by average volumes, which characterizes the asset well, it means there is still activity and interest of people in it. But if now the price will not be kept in the region above $ 0.065, then most likely it will be...
Hello all crypto units, It has been a very slow moving BTC continuing its break down to the much anticipated $7800. The way I see, BTC is at the bottom of a nice Wave 2 EW corrective formation(purple line). There is a descending triangle forming over the top of the EW 5-3-5 correction. There are still two more waves 4 and 5 to come as it nears the apex bottom....
As the historical data has proven accurate over the last 2 months, ETH has now found itself in another correction. If you have been following my previous historical data chart, where I perfectly called the bottom on Ethereum, this should come to no surprise. As historical data shows that after the first bounce from the bottom, Ethereum will then return back to...
The market keeps moving down after getting rejected from $9.800 - $9.600 Resistance Zone which was attractive location to sell. Currently the market cap is going around $347bil. and is down from this week’s top by roughly $44bil. (top was $392bil). When the market is falling, then it’s better to be prepared and work on your trading game plan. There are a lot of...
At the moment we are in very important level. One candle close below $7925 and we might go down to the next support area which is $7500-$7600 Let's see how it's gonna play out again because in this level have some bullish criteria's to match: 1. Hammer Candlestick pattern in 4h 2. Double bottom chart pattern 3. Falling Wedge first trendline retest after...
BTCUSD has shown a strong rejection of 61.8 fib and is respecting the trend line on the daily time frame. If we get a breakout of the counter trendline we could see BTC make some serious moves past 10000 If we approach the counter trend line and break i will look to add to my positions if not shorts may be in play
Hello again Crypto friends, have been a little busy the last few days when there is a lot on the discord community front and I'm working alot to finish the website for the community! So first of all, I would like to thank everyone who has joined the community recently, It is inspiring to be able to contribute if that can help someone in a posetive way. :) But...
Here we go with BTC/USD DAILY. While I'm talking BTC price is about 8217 usd. What do we have? Price has broken the 9000/8800 area, made a pullback to this area and has continued his way to 8000/7800 area. Price has been rejected once from this area. Now price seems to go to the 8000/7800 area again. This support has be touched many times since November 2017. We...
Hello guys , This is another post of mine , just want to share some opportunities that im seeing currently , that i also think is worth looking at ! . Why im watching them : - Mainnet launch in 1 week (TRX) - Forming possible head and shoulders on the 4H EOS - Already brokeout (TRX)
Bitcoin has lost nearly three percent in the past 24 hours. The currency pair, in general, seems to hold its downside tendency despite the fact that it demonstrates signs of a deep correction currently. We have redrawn the red descending midterm trend line as the situation changes all the time. Let’s have a look at the situation within the Fibo retracement...
ETH/BTC chart starting to break down + BTC weakness. Suggests ETH/USD will pullback to around $600. Short from here with stop loss at top of triangle and take profit between $605-615
If we break the lows of the daily candle I see the chance for a decent move on BCHUSD lower. It is a perfect hedge coin for if the market falls in general as it performs better than BTC.
o The rolling three-day signal for EOS (EOS) is "Buy". This is day One of the three-day signal. For further details or discussion, feel free to leave any questions or check out signature/profile.
o The rolling three-day signal for Litecoin (LTC) is "Don't Own". This is day One of the three-day signal. For further details or discussion, feel free to leave any questions or check out signature/profile.
Litecoin has added its modest 0.77 percent in the past 24 hours. However, as for the situation in general, LTC/USD seems to be more optimistic than on Friday as LTC price is above the red descending trend line and moves along the green ascending trend line. Currently, LTC/USD tests this line and has an opportunity to move below it towards the Ichimoku cloud. The...