Here it is a Descending Triangle, Broken upside maybe it's a false breakout, will wait till next candle made under pattern.
If candle made under pattern then will execute a short trade till major support, else trading wil be risky and will not excute any trade.
Risk Takers can open long and take up to 5% profit
RSI rising and showing a bullish divergence.
Volume slowly increasing.
Trying to cross over EMA50
About to break from long descending channel.
Targets on the chart, breaking above EMA50/100 with volume can push it to make a big move.
Also this a "dead" coin by many since 51% attack so careful about fakeouts.
Reversal patterns developing listed on chart. Price action may be on it's way.
The most important indicator= The significant volume flow in December 2018 for most of the market may have already identified a bottom. Coinbase is certainly geared up for a run and in addition Ethereum's Constantinople upgrade is a big deal. #bullish
Many rookie traders (such as myself last year) fail to realize the power of the "Log" button which puts these trends in a better perspective. This is especially important because crypto is so volatile. Chart here identifies potential few reversal patterns forming. If correct we have a 2019 trend line in bold. . Major resistance lines also identified.
Looking at BNB on the 1D chart
If you're looking to trade BNB be very cautious. When in doubt, zoom out. It wont go parabolic forever.
Price hitting single ticks on VPVR
Many notches that need to be filled in VPVR
200 day moving average lagging behind parabolic price movement
Bearish divergence in volume
Money pouring in (OBV looking very heavy)
Hello crypto traders,
Currently the cryptomarket seems to trend sideways. It's pretty hard to trade a market with leverage when there isn't any form of volatility so we will do something different today. Our eye fell on ETC while we were scanning the market. The market is currently in a corrective ABC bounce. Although there are some indications that we finished...
$ETC Spike in volume + UCTS buy Signal. Currently resistance at EMA50(green) + .382 Fib lvl + Ichi Cloud. Both MACD & RSI rising. IF breaks, potential targets are ~1310-1498-1718sats. Remember this coin comes from a 51% attack, so careful. #ETC
Looking at ETC on the daily chart
In location (buy zone)
Histogram showing bullish divergence
OBV looking to make a W
Willy was in the over sold area
Volume is dropping off
Price is around the POC
What I would like to see is a nice W in price on the 786 fib to create some nice structure and to reset the indicators.
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