DCC back to long term trend support and in an ever decreasing falling wedge. RSI has rebounded well, and MACD looking for a firm cross on the 4 hour and daily. Previously fell to the large 88.6% fib support, and since the last rally fell again to the 88.6% retracement. Looking for a bounce here and break of the wedge.
Double top didn't follow through. Possible ascending triangle under development, I still think there is another wave to come.
Symmetrical triangle is coming to a head on the near term. Targets are around $300 in the directions of the break. On the upside 6500 would be more likely, while on the downside this would take us back to the trend line running through the two lows of June and August. Looking at an inverse head and shoulders on the RSI and up ticks on the ADX. The EMAs...
ETH - pretty damn close to meeting my harmonic target - not a textbook defined harmonic but one with a set of retracements I recognised from charting LINK. (Randomly!) I would expect a rebound from a harmonic which has met support (78.6 of larger move) initially to 50% of the CD leg - i.e. around 0.063, which coincides with the 61.8% fib on the larger move and...
On the hourly we are looking at a falling wedge and Chuvashov fork set up. We have yet to break out but the fork shows the increasing buy pressure. This is supported by the MFI, CMF and Acc/Dist indicators. Looking for further accumulation at this price level, coupled with a reset in the RSI back to trend, to gear up for potential break out. Look to buy on...
Quick repost of this 'educational' idea. Still moving on from first target. Second target at 10k although I'm sure we'll need a decent correction prior to that point.
Bullish Bat in green and Bullish Crab in blue (the bull is the bounce!) Interestingly, the Crab matches the long term trendline - broken previously, running from November through the February low. The pink ABCD pattern takes us back to a possible trendline (2 points unconfirmed as yet). Remember these patterns need to show a firm bounce from the pivot point to confirm!
ZIL - Potential scalp opportunity channel for up to 7% trades while it holds. Stop loss right below as always! Also a longer term opportunity with strong fundamentals being back on trend line and rebounded from the 78.6% fib.
BNB has falling back to its longer term trend line and also the 61.8% fib of the retracement of the more recent up move. On the 4 hour price is right underneath the cloud but it is relatively thin therefore not likely to carry a great deal of resistance. EMAs are in rally mode and looking for a cross, as are the Tenkan and Kijun-sen. MACD and Stoch RSI are...
Like many coins VIB showed some bullish divergence a few days ago and had a small rally to its resistance falling trend line. Price fell back to the 78.6% fib and has found support here. Substantial volume can be seen leading up to the 14th, however this has fallen off dramatically over the weekend - this hopefully shows limited interest in selling the price...
NEO - Another possible buy point. Broke the wedge shown in my previous analysis and corrected back to the 78.6% fib. A new wedge has been formed as well as a possible triangle support, making this another decent buy point. Indicators are positioned well having shown bullish divergence a couple of days ago. You can see here the Bollinger Bands (2 st.dev in blue...
Day chart shows ARN has settled twice on the 88% fib and appears to have formed support there. This has popped onto my radar due to the large amount of traded volume - while being aware that coins can be subject to volume manipulation, given the the large rallies ARN has had in the past, and the incoming trendline/support squeeze it is worth noting. Presuming a...
This idea is very tentative since we aren't seeing any positive price movement so far, and also due to BTC's current decline. However NEO holders have an upcoming airdrop of NNS tokens with a snapshot due on the 27th June - typically this would have already seen a price rally, hence the tentativeness of this idea! But it is on my watchlist regardless. The day...
Day chart showing a large amount of bullish divergence on the RSI (reflected in the CMF and MFI), however take note that the price has dipped slightly below the binance opening low now, so support has diminished at this level. The ADX is still showing a strong downtrend but has now turned over - i.e. it is weakening. The downtrend can also be seen to be tapering...
BTC - some observations for your amusement... Bearish channel - two 150% extensions followed by two 230% extensions. (purple) Over-extended ABCD - symmetrical. Bullish Optimistic anti-butterfly! Pessimistically continue three drives down in a new channel Triple bottom confirmed on breaking trend at E Or a short-term bearish Anti-Gartley or...
BTC - as soon as I changed from channels to pitchfork BTC decided to revert to the original pattern. So we're back on my first channel having taken out the square up I had at 7485. Incidentally, this happens to be the 1.414 of the pitchfork too. Oversold and hidden divergence on most timeframes but I'm still watching for the confirmation in the candles (although...
Nice opportunity if this trend line holds, better opportunity if it fails and you get a buy at 10k! See what happens at the apex of the triangle.
Music is dirt cheap and on support. Recent updates show their roadmap and ambition in the independent music space - medium.com With bittrex making a comeback these low volume coins may pick up. Great opportunities to buy cheap are everywhere you look.