Bytecoin is currently following an Ascending Triangle pattern on the 1H Chart after its recent surge caused by the Binance listing.
Ranked number 18 overall, Bytecoin has a huge market cap in the Crypto space.
There are two very simple scenarios:
1. BCN breaks upward out of the triangle and goes Bullish
2. BCN breaks downward out of the triangle and goes...
In the Last 8 Days the S&P 500 broke the Daily and the Weekly Resistance and also the Daily Resistance Trendline of the Symmetrical Triangle. The Price aslo made a retest of the new found support on the trendline. Now let's see how the price action plays out. If it plays out accordingly, we are soon going to witness the price testing the highs of February 2018.
Last Monday Asian night to Tuesday whole day USD being in strength GBPUSD fell nearly 135+ pips within that period.
Sentiment
- As we can see on the chart 0% Fibo Retracement level: 1.36175 top to bottom 100% Fibo Retracement level: 1.34524 which was nearly 135+ pips within one an half days of new week session run. In my opinion from the sentiment side now...
Hey Friends! :)
Really nice being back again, guys! First of all - this chart is super interesting. We are on a crossroads - Secondly I will reveal something for you in the end, which is really good news for the Global Crypto Market :)
O.k. We know that Bitcoin usually is a better holding in a bear market and in a market with uncertainty compared to the other...
Symmetrical triangle forming (continuation pattern) break out pending.
Also expecting their testnet 2.0 release before the end of Q2 and they have 4 meetups booked for this month alone - coinmarketcal.com
ZIL
BUY: 1900-2000
SELL:
2100
2220
2350
2500
2800
3200
A lil' bit bored today and noticed this possible breakout from our pennant. I'm expecting it to retest the trend line, so let's wait! This is pretty risky, as we are in some-sort-of-a bearish trend in the short term, but bulls seem to want to give a fight, so let's go.
Entry: 8443-8480
First Objective: 8653
Second Objective: 8771
Third Objective: 8869
Stop Loss: 8410
I keep my plans simple. Chart patterns are my most reliable trading strategy. I consult the pattern first, then look at other indicators to see if they support my opinion of which direction it will breakout. In bitcoin's case, average volume is slowly decreasing. This is typical of patterns as price action narrows and consolidates. "The calm before the storm."...
Whats up Guys,
Bitcoin dumped yesterday and like ive mentioned before, the alt coin market went with it.
In a much shorter time frame than my previous ripple chart, we're looking at a bear pennant formed (symmetrical triangle). Showing all the signs of a dump, but like we already know, we need confirmations before putting our money where our brains are.
Set...
NANO simplified on the day chart has developed a symmetrical triangle and is near a good entry point for low risk.
Positives - Symmetrical trianlge form confirmed, 20ma is over the 50ma, low risk entry and long term possible huge gains.
Negatives - MACD, RSI, Stoch RSI going down direction right now but requires huge movement to see effect on day...
Symmetrical triangles more times than not break out to continue a previous trend, in this case bullish. Thoughts on how it might look in the days, weeks ahead.
TRX BTC ready for potential breakout.
It's forming a symmetrical triangle pattern that can potentially breakout upwards. The 4HR MACD looking popsitive for upside momentum.
Will keep an eye on volume.
breakout around 0.00000908
target: 0.00000982
resistance:
0.00000962
FIB 1.272 (0.00000975)
Hey Friends,
Now that I have a clearer picture after hitting our Cup and Handle Target I wanted to update my post on Ethereum to show where we are headed.
I'm seeing a bullish Pennant Pattern on the 4h. Targets are in green and the resistance is in the orangish yellow.
You should also check out the posts by @ETHHunter for a complimentary view. He's got...
I'm reading "Technical Analysis of the Financial Markets" by John Murphy. Per his book, symmetrical triangles are usually a continuation pattern but a measured move would put us below 0 (along with my ETH idea). They usually break out between 2/3 and 3/4 of the width of the triangle (shown with vertical green lines).
What are your thoughts?
XVG has found support after the pornhub dump, Symmetrical Triangle pattern has formed and looking ready to breakout.
XVG
Buy:750-800
Target 1:830
Target 2:900
Target 3:1000
Target 4:1100
Target 5:1300
Stop loss:650
Initially we have seen the downtrend of EOS display a descending wedge and a break out of that but unfortunately with little volume.
Secondly a side ways motion forming a symmetrical triangle and yet to break out of that..
Hard to say which direction this will play out..
Support & Resistance zones are marked as shown
Let's keep an eye on it.
Good luck
&
Happy...
