Evening Trader’s, Today’s Technical Analysis – XTZBTC- bouncing off from its trend line, an area of significance for the overall market structure Points to consider, - Macro trend line holding - Structural support confluence - Resistance test sell off - RSI below 50 - Stochastics buy cross - Volume below average XTZBTC is respecting its macro trend line...
Hello Traders, Quick update today on BTCUSD, where we have a potential long opportunity Points to consider, - Trend consolidating - Local resistance to break - EMA’s neutral - Stochastics neutral - Volume declining BTC has been consolidating on this lower time frame in a descending broadening wedge formation, which can be a bullish continuation. Local...
Hello Traders! Today’s Chart update will be on EOS/BTC, we have a potential diamond pattern coming into its apex, suggesting that a break in either direction is imminent… Points to consider - Trends is overall bearish - Local support and resistances are posed by the diamond formation - Structural resistance in confluence with diamond bull break - Stochastics...
It’s At the All Time Highs. Time to Sell? (monthly chart)
_____ Hit a like button to view hidden content _____ According to the relative volatility index indicator, BTC volatility recently tested another lowest low. Last time Bitcoin volatility was that low only 2 years ago, in October 2016. It shows an extremely strong accumulation phase, which is currently ongoing. A bullish breakout is something that most...
Ethereum Classic found the bottom at $12 after which it started to move up breaking above the 200 Moving Average. The price patter shows that ETC/USD produced higher highs and higher lows, suggesting the beginning of an uptrend. At the same time ETC continues to bounce off the uptrend trendline and currently trading very close to it. Current support is seen at...
Dash has found the support at $278 where it formed a double bottom. Following wave up resulted in the break above the downtrend trendline and the 50 Moving Average, suggesting the change in trend or a correctional move upwards. The nearest support is now based at $300 area, which is the trendline and the moving average breakout point. It is likely that the price...