Potential MANABTC long setup - a bullish pennant has been forming since the start of the year, and is starting to tighten up. Nearing 2018 lows which has historically resulted in pumps, and a repeat of this could yield +~30%, even if it doesn't break the pennant. Stoch RSI has reset and curled upwards, which could trigger the bottom and start a bounce. Volume...
Many see $ADA as a solid blockchain that should be competing with the likes of $ETH. Price wise it has seen better days and if you held Cardano throughout this long bear action, then the constant downward action could not have made you a happy boy or a girl. Short of another $BTC FUD dump dive, ADA is showing signs of a reversal. The falling wedge completion and...
Well, safe to say no one was really expecting what happened yesterday. We fell with BTC as usual, but it could have been worse. Currently short term we are closing in on a pennant. The stoch RSI is suggesting a bounce off the resistance, in which could possibly mean another test of our short term support (178). Unless more FUD comes out in the next few hours, I...
A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this creates the pennant shape due to the converging lines. A breakout movement then occurs in the same direction as the big stock move. These are similar to flag patterns and tend to last between one and three weeks. There will be significant volume at...
Break the resistance line, AUDCHF is expected to bullish to 0.7553
LTCUSD completing bullish pennant. after previously created double bottom, break neckline and has a structure retest on neckline. we can expect price will go up some more to retest the resistant.
WTC have had some FUD lately, but is still solid pick to portfolio. Mainnet launch is later this month so timing with news works aswell. Pennant is getting closer to breakout point which i expect to be around ~16k sat. If we get closer to 10k sat, we will see huge support from old resistances, which would be ideal spot to buy WTC. RSI proves that WTC is...
After a mega run up over the new year, ETH has fallen on some hard times. Right now, ETH is below the daily 20EMA and 50MA; typically this means a move to the 200MA is the next likely target. There are other bearish patterns in the mix as well including a large bear pennant and small bear flag. The first target for ETH will be ~$600. We should see a large...
This is a continuation of the market analysis I just did about Bitcoin: DASHUSDT is right now at an important decision point. If it does manage to break up and bulls win, i expect price to reach 805 USDT as TP1 and 1060 at TP2. If it doesn’t manage to go up, it could go down to 350 and then to 305 for next target. There is a small pennant that looks like a...
Happy monday everyone. Litecoin hasn't been to exciting the last few days. We have been closing in a newly formed pennant (green trend lines). We still have a few days before that closes in, so I expect us to continue moving sideways bouncing off both the support and resistance. This could of course change any moment as you know with cryptos. Currently, we are...
Break the resistance line, EURCHF is expected to bullish to 1.1657
NANO broke previous wedge but may have formed a new one using a previous resistance diagonal trend line. Not much history to go on here! Having bounced from 50% to 78.6%, the price is now sitting on the 61.8% fib, with an upward pointing RSI and MACD with the latter looking for a recross. Looks like some bullish hidden divergence on RSI too. Finally, the price is...
Breakout of bull flag on BTC/USD. Possible resistance at 50MA. Decreasing volume on consolidation and volume spike on 4HR candle break out. Bullish MACD crossover likely to confirm. Plenty of room for RSI to move upwards.
Hi all dear people. Last time I posted my chart about NavCoin, it was my first chart about NAV.. and I knew I cannot expect much from a newbie, like a myself :-D ... So I must admit, It didn't do that well. .. Hmm, on the other look, it didn't do that bad either :-), I just to have to learn on few more points. So what happened? And what's going on now? Let's...
We are clearly in an up trend. ''in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks'' The volume is declining; "The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase...