Storj had a strong pop off during the run, gaining more than 59% in less than 24 hours. Selling pressure has finally bottomed out and a potential breakout is possible. However, the volume is a bit weak on this move so far and if Bitcoin sold off quickly, this set-up would likely invalidate.
Currently sitting in the 50 EMA. Daily stoch RSI looking oversold, possibly a reversal on the short term By the way, Ripple has taken the 2nd position in the market cap! This is not a trading/financial advice! Good luck to you all!
Upwards breakout rejected. Short down at least to lower support line, in the $2.75 region depending on its rate of decline. Bearish cross on the daily Stoch, RSI very over sold. PPO moving down with some bearish divergence. Also remember that a rising wedge, particularly after some strong downward movement (as has just happened with PONY) is a bearish trend, and...
Goldsource Mines has been on a clear uptrend over the past months. Every time it has had a new leg up it can be easily seen by a few inidications. 1. A broken Trendline 2. An oversold signal on the Stochastic RSI 3. A MACD crossover 4. Price meeting support at the 20MA or the bollinger bands. GXS has just shown all of these signs and is looking like it is ready...
Pro's - good reversal pattern. - price sat at good support. - recent break of downward trendline, now retesting. - 0.5 Fib retracement level from previous swing low to high Con's - Trending against the trend - Trading through EMA's including 50EMA on daily. Thoughts? Please comment below