The price of $16.924 is still resisting (is a resistance).
The lagging span (and so the price) is actually testing this resistance.
There is still a high probability of having the price getting over this resistance.
That would confirm the uptrend in daily timeframe.
NEO vs USDT is playing a similar pattern to what bitcoin is doing against the USD.
I assume the strong coupling of ALTcoin performance to what ever BTC is doing is the reason for the charts looking similar.
Now.... In this chart a clear WEDGE pattern is coming to a crucial point. There have been many bounces off the identified support line. This support line is...
Based on the daily chart, it looks like Bitcoin's support level of $6,500 range is being challenged for a 4th time in the last six months, Or we could just be forming a higher low now. Time will tell
6944€ is a key level to watch. I think that if a full japanese candlestick is formed under 6944€ then that would mean a continuation of the downtrend at least until 6909€ and possibly until 6722€ (lower price on 18th of May 2018).
Keep an eye on the Lagging Span Line that is actually testing the price of 6944€ (as the price does).
A conservative upward channel for SQ as charted from its Autumnal breakout. I found it interesting that the parabolic trend that seemed to be forming around November crashes almost in concert with the beginning of the BTC breakout around the same time, far afield from each other in market (NYSE vs. OPENSOURCE) but deeply correlated. Vague ad-hoc speculation but...
Who couldn't love Citi when it had dropped to $68? Given both the long term and "2017 Hotness" trend lines, the stock has been knocked down between a reasonable to weak area where it can rebound back up to a comfortable "median" position that has been previously held. Reading between the fib lines and the somewhat consistent range of $70-77, it wouldn't be...
The market's current instability is due to talk of "trade war" with China. However, the support line as shown has rejected the fall two times so far. Unless the market breaks through, you can continue expecting an upward trend.
And the chikou span line is still inside the kumo cloud.
Uptrend scenario :
If the chikou span line gets over the cloud then that would mean a confirmation of the short-term (at least) trend.
And the Bitcoin price (XBT/USD) might go up to $8523.
And the lagging span line (chikou span line) seems to get out of the ichimoku cloud.
If the lagging span line keeps out of the upper kumo then that would mean the confirmation of the uptrend until approximatively $11632 at least.
Consider the obstacles for the price in daily timeframe if you invest.
Hello all, hope you're all well.
Just a quick chart with a brief description.
We failed to sustain the previous breakout attempt on the run up past $11000, We have since fell and held above 10300 as expected, it now it seem's we are making another run for it, the question is whether or not we have enough momentum to sustain us above 11K, if we can not hold up...
