We are now looking for the completion of this pattern to the downside. Once we get a break of this trendline. It should be all hands on deck. There is the chance of one more move to the upside to extend the pattern but the downside potential looks the best choice.
EOS has been running well since our last bounce.
2 separate moves have been completed, & bouncing nicely to continue this specific move. If we double-top here on EOS, then another 1.272-1.414 move would not be out of the question. If momentum continues, 1.618 definitely reachable on this move.
OMG after that huge spike has found a second new higher level of support. It is repeating a similar pattern of consolidation which happened just before the most recent push. There is a potential new up trend that may form if it hits and bounces here which will send it up to retest a daily resistance at 193233 sats.
Watching closely for a bounce off the trend line.
Possible elliot wave forming on XLM. After two big pushes up recently it seems to be starting to form a bullish flag around 4425 sats. It could potentially break out and continue up and complete wave 5 of elliot wave.
Watching closely.
Litecoin short-term perspective is rather positive; however, in a longer term, it is to some degree mixed. Shortly, the digital coin completed its Coin Destination (CD) at $149.00. But, it may face solid resistance at $169.20. Fundamentally, the coin has received a lot of support this week. The market segment started out purchasing out the Litecoin as soon as the ...
Cigna Corp reached a point 2 days ago that it couldn't hold its ground anymore after days of climbing.
Traders took position and today morning, with bell opening it broke severely.
Moved 2.5% intraday.
VIB is probably my favourite coin to trade. It has been very good to me, respects the TA and has great potential for steady gains.
It has now broken through the 4 hr resistance (now support) at 2197 and is continuing to head up slowly following the up trend line.
Next major resistance at 2551.
In my humble opinion there was a sort of overreaction triggered by short selling yesterday upon IBM's earnings call. Numbers were not great and guidance was lowered. Nevertheless, the blue chip has created a stronger position to capture growth in the IT business related to cloud computing, cybersecurity, and artificial intelligence technologies (15% yoy ...
After a long consolidation in a channel between 0.00235 and 0.00255, we seem to be ready for a break to the upside. I have drawn a possible scenario in which we take a fibonacci 5 wave impulse up to the 0.00350-0.00375 range. This will be the sub-wave set of greater impulse wave 1. Once this cycle is complete, with wave 2 exhibiting an ABC or WxYxZ correction, we ...
Reasons to buy:
1. Valid break-out pattern with a clear consolidation zone
2. Smaller break out pattern triggered
3. High return on investment (56%) with massive 14:1 risk/reward
4. Buy low / sell high
WAIT for a retracement back into consolidation zone to offer high risk/reward ratio. Should this zone fail, price can still re-test the lower consolidation ...
