Pair is in a descending pattern
Price is in between 20 sma and 40 sma
Bullish entry with breakout of 20 sma
Bearish entry with breakout of 40 sma
Take profits listed on chart
Welcome to my analysis on Tron. As can be seen from my prior posts, I am a fan of the project and would love to see it go up, but that is not relevant here.
I added my comments within the graph for easy reading. We can see that Tron has formed a descending Triangle together with the red support line. The same Descending Triangle can be spotted in the volume. The...
Though the actual chart which i shared had an error in the ABC Correction wave..
But the markings were bang on:) LTC moved up from the exact spot of C
I would love to hear from the experts - whether i should have considered this as a Descending Triangle or the ABC Correction Wave
Please have a look at the below related link (for the original post) and let me...
Happy Hump day lovers!
I wanted to analyze XRP again, this time with day time charts(I have been historically using "night" mode). If you remember in my previous analysis, I set up the 0.382 Fib and 0.5 Fib, which XRP blew past but is now currently nestled in-between the two again! Since the recent rally, I noticed XRP set up a neat triangle pattern as well....
I've had my eye on SWTBTC since December, but I haven't given it a diligent analysis until the past couple of days. Looking at the charts, it is clear that SWTBTC is in a consolidation period since the high point seen on January 21st. Since then, we've seen several repeating triangle patterns, each one smaller than the last. Well, it looks like that trend is...
Bitcoin Cash just completed a beautiful 5 wave impulse and is now priming for a new breakout. Bitcoin Cash formed a descending triangle, which could be a ABCDE correction. If that is the case, an explosion is imminent. Furthermore, the price action after breaking out of triangles is rarely stagnant; either it dumps or it explodes upwards.
However, the lower...
Hey! I am back with yet another chart.
This time again on Tron, last chart looked pretty green followed by BTC fall, so now is in the RED way.
On this chart you can see a lot of lines and text.. obviously, but no all the red lines are support/ressist lines.
The lines are points where price should stop for a while went some % down, and if got some good Volume...
BTC has been looking bullish the past couple of days riding on some good news finally in the wake of the SEC/CFTC hearings in the US Senate. And the volume has finally spiked. This could signal the bottom of the BTC retracement. But there is much resistance for BTC to break through to the upside. It needs to breach the downtrend line of the descending wedge again,...
The 4 hour chart is clearly forming a descending triangle which is really close to its apex. If correct, we may see the end of correction within this week at most. We may also see prices go down as much as 6900 $. Lets see how this week plays out.
Good Luck,
tipbox:
17BUPYGRFqknHUSKTQAmNRrDKsMyH29rvZ - BCH
GTeHWtQaQAGeeEkW5gtgSPaWnMZmyQrUdR - BTG -4.56% 1.34%...
Hello ladies and gentlemen.
Some days have pasted since i closed my last chart from 2 weeks ago where i have called an ABC correction to 8100$.
The dip have achieved and even exceed my target and rebound strongly on the 0.618 Fibonacci level (around 7635$), who is now a crucial support.
So what now ?
We can see on the chart the near bottom of the descending...
If Bitcoin can bounce higher from current price levels then we could expect wave E of a Descending Triangle to complete within the mentioned price zone. A drop from current levels will invalidate the idea. Should a wave E reverse from the price zone THEN a target of 8000 -9000 should be achievable.
Bitcoin might be setting up in what looks like the final stages of a descending triangle. A move higher into the marked zone could complete wave E for a shorting opportunity towards the 8000 - 9000 price level. If price drops further form current levels then the triangle setup idea will not be valid anymore.
CARDANO
- RSI @ 31.8, signaling ADA is oversold.
- MACD recently failed an attempt to cross and has since been following a downward trend. MACD may attempt to cross again, but it all depends on BTC right now.
- Bollinger Bands have been narrow for some time, signaling a trend has formed and will continue for some time. Bollinger Bands seem to be in the first...
Hi guys i hope you are all fine and not too bored by the slow trend of BTC these days.
Several days have passed since my last BTC/USD chart, because i think it's still relevant.
Here is just an update because we are at the crossroads of two imminent possibilities.
You can see of the chart the 34 WMA(purple) and 89 WMA (yellow). The Death cross is the bearish...
