Today's chart will be focused on ETHUSDT
Points to consider here,
- Price is coming into an Apex area - decision time
- Testing major support (Green Zone)
- Fibonacci retracment .618 is in confluence with major support
- RSI is approaching major overextended levels
- Stoch's is on downwards momentum
- EMA's acting is resistance giving price...
Looking at Dragon on the daily
* Willy is stupidly over sold and also making a nice bullish divergence
* Histogram looking ok break up past the 0 line (Would like to see some more structure in the histogram)
* OBV looking healthy and confirming a nice bullish div
* Price double bottom on the 4H chart but would like to see something more solid.
* Price could...
Welcome to the lab!
Over the past few days BINANCE:ETHUSDT has been consolidating over a very important support level, which is 127$ and showed a bullish movement. However BINANCE:ETHUSDT is forming a bearish inside bar which means we are pulling back to test that support again.
Also ETH is now pretty warmed up fundamentally due to hard forks which are happening...
It is always a good idea to see the positive things within bad times. The gigantic bullish wedge, tipping to the capitulation area makes it 1) likely to happen to fall back to the mean but also 2) likely to happen to regain momentum for a long position, back to old heights within the next 18 months.
BTC is on the verge of breaking north out of its bull flag. It has hit the bottom of the flag multiple times on the 1hr, and formed a nice bullish tweezer bottom reversal (red circle) on the 4hr with a bullish RSI of 64.
Substratum (SUB) is breaking out strong on the daily chart, this breakout will be confirmed once trading day closes.
Substratum is available on Binance and it is receving lots of attention. I bought this a few days back and lots of great people are asking me to take a look at the charts. So let's do it!
Substratum (SUBBTC) Binance Trade by Alan Masters
Waltonchain (WTC). A very strong altcoin with great trading volume is preparing for a new run. I received a message telling me about a breakout. I see that Walton (WTC) did breakout on the 4 hours chart but this breakout is yet to be confirmed on the longer time frame, but the fact that you are reading this, means that they are enough strong, positive and bullish...