After steady decline, Iconomi has left its downward channel on the upside. More so RSI managed to curl up just above oversold area. Look for a move towards 0.0065 (horizontal red line) as a first target.
In my previous idea (25 September) I explained the mounting pressure on earlier buyers to take profit now, at a time when there is no longer any question about whether or not we are in a bubble, the only question is: How far in? From that idea I took a small short and covered it at a loss for 0.25% of account (1 x 400th of my trading account). But the long term...
I THINK T.A IS BULLISH BUT F.A HAS OF BAD NEWS SO BE CAREFUL BEFORE 5K RESISTANCE
Cup and handle is formed, BTC bullish trend will continue. Enter: 4150 Take profit: 4600 Stop loss: 3850
(First time chart) Buy : 460 Sell1 : 500 Sell2 : 520 Stop : 430
Zooming out (3-day/weekly) on the charts of some of the major exchanges today shows flattening / decline in volume, particularly with respect to the prior two major legs up in price (end-March to end-May; mid-July to end-August) – while the price is going up the volume is changing direction. Note: for this analysis I can't take seriously the charts from either new...
I have been tracking this move for a while as I was original looking for another impulse wave to drive price up. What I see developing now is a good platform to start trading long with support at the (A) €2479 this zone has shown strong support over the last few weeks and if continues to hold a price target on the extension up to (D) €4072 which is also the...
ETH finally broke that 280s support it had been consolidating for days and days. Now that the direction has show itself on hourly and daily timeframes. Watching vwap or bear flags for potential shorts.
DASH Elliott Waves. 5 wave is on the way, but you should remember about the black swan due to the latest events and the behavior of this market.
I am analyzing bitcoin on the Kraken exchange - XBTUSD. After the China ban on Bitcoin news on 9/8/17, the price of BTC saw a modest drop of ~13% from ~4676 to ~4139 (a previous support level). Since then, the price has held steady above this strong support. BTC has been going into consolidation and may soon see a bull break. My target entry will be between...
Litecoin Elliott wave 12345 we have already seen. Next - correction ABC
Profit loss ratio can be ~4.5 or more depending on the level of your risk. There is a strong support @ 0.1932, minor resistance @ 0.2672, and strong resistance @ the psychological level of 0.3000. Set up is for a long position when the pennant pattern breaks. My strategy: Stop loss @ 0.1900 Entry target below 0.2080 Profit target 1 @ 0.2600 Profit target 2 @...
If KRAKEN:XBTEUR can break the resistance @3790 EUR it is back on its way up to 3950.00 EUR +
$675 Has been well respected all weekend looking for a bullish reaction to start the drive up to $941 weekly target.
ABCD move also ties in nicely with a 3rd Elliot wave leg. Targerting $1000
Close above €3724 today will confirm for me this move that I have been tracking. ABC=D at .50 extension. (A) €2794 (B) €3747 (C) €3250 =(D) Target at €4200 IF we hit that target without dropping below €3250 this will also form a good length for the 3rd leg of an Elliot Wave on the uptrend. All this puts suupport to brake this move at (a) ponit = €2742.
Hi, XRP has been in a downtrend for some time now, but also in some kind of descending wedge. I had originally designated the red outline/green box as a possible reversal zone. It has once again bounced from the 0.786 Fib Retracement level and it got close to an old trend support line (pointed green line), and now it's headed towards the downtrend resistance line....