We are trading in a narrow range, not much to expect here yet.
Observations and NEWS:
Volume is at an all time low, as I see some indications of consolidation. I have noticed on GDAX/Coinbase, some heavy buys on bitcoin, during attempted dumps over the last couple of days.
The Tether situation seems to have normalized, however we are seeing it around 97 cents....
MOVING AVERAGES: 30SMA miles away on the daily and its been previous resistance (for example Feb 27 2018 and March 16 2018) after breaking through on April 12th VRX blasted to the upside.. I am expecting the daily the close in on the 30sma line i've highlighted.
CANDLE STICK: Dumpling top on the daily broke bearish. Also broke the daily higher low today.
I am seeing a bearish M-pattern in the latest spikes of BQX/BTC. This could mean a possible downtrend in the short term. Besides that, I can see a possible breakdown line at around 0.00033850 BTC. As you can see the volume is still very high, so that's not a good breakout sign either. Furthermore, it has had its natural correction, but BQX still hasn't retraced to...
THIS IS A CADJPY SHORT TERM TIMING FORECAST USING FIBONACCI TIMING + POSSIBLY TREND FORECAST + GANN ANALYSIS
VERTICAL GREEN LINES ARE BUY ZONES
VERTICAL RED LINES ARE SELL ZONES
YELLOW TREND LINE IS A POSSIBLY SHORT TERM TREND
BLUE TREND LINE IS A POSSIBLY LONG TERM TREND
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Red Pulse seems to have bottomed over the past 10 days and it just found support on the top side of the wedge. Its also low as ever so this could be a very easy trade.
First target is either 1749 and if we get enough momentum 2349
A very young chart, as usual for Binance trades, so let me start with a caution: There is no history for this coin. It has been going down since it was added to Binance, and after reaching a low point, it is now breaking out and going up strong. Trade at your own risk, which is always true, but know that the markets are "choppy" and the trades being shared now...