Since the $153M ICO in June, Bancor has been in a more or less free fall; down from around 0.00144000 to as low as 0.00050000. It appears to be leveling out with a few large capitulation spikes, meaning initial investors are starting to give up after holding forever (3 months lol). The lower triangle seems to be building up towards the 71000 - 72000 level and...
As we can see from the chart the price exceeded our 1.2000 target and has now lost it's upside momentum and looks ready to retrace. We could see a slight pullback to the region of 1.1980 before making it's journey down towards our first target of 1.1820 but my overall bias for this pair would definitely be SHORT trades all round. Safe trading!
Based on technical Price Action this pair could see further weakness. Weekly candle close of last week looks very convincing for further downside.
Tomorrow night sees the RBNZ Rate and Policy Statements, which could potentially reverse NZDJPY's fortunes... or not. Counter-trend trade setup just in case
Looking for a potential Gartley formation on XAUUSD. Looking for a B-C leg completion in the grey box and a C-D extension up to the 78.6% retracement.
my strategy against a trap. I am quite sure that we will see 2100 (even 1800s) but this also needs to be considered. it might bounce back from 2400 (fear-sell^1)
Updated version of the previous chart. Already sold at 2,595. Will do high-frequency trading until saturday and buy big around 2300 to 2150 (gradually)
I think price formed and ABC pattern and is not breaking out. I think its retesting trend line, then it will go up to the first TP then it will either break the TP 1 then go to the Daily resistance.
USD/JPY in a critical area ... Potential rejection from the descending trendline to new lower lows ?
Good fundamentals make this a good buy. Look for it to continue its uptrend
BTS is breaking out of an inverse head and shoulder formation. Im going long on this coin as it pumps towards a new all time high
BTS broke out of its cup and handle formation. Get entries while you can!
Ripple is following this massive ascending triangle. Look for a big upswing soon!
Look to be shorting ETH as it hits resistance and Ripple continues to rise.
I think price is it a trend line that is well respected, i think price will go to the zone or the trend line.
My friend Dalin Anderson from High Altitude Investing showed me this formation he came up with. Noticed it forming in Riecoin so id be looking for entries
After a rather volatile previous 5 days, it appears that Vericoin has come back to a consolidation area as anticipated. This is a repeating pattern, towards the bottom a trending channel and pennant (blue line). We are also under the cloud, under the 4H 50 RSI and showing a short term (4 day) repeating bounce of the 4H 200EMA. It has hit the 200EMA on a 4H time...
Huge Buy-Walls on this coin today. Its been oversold for a while so I believe this downtrend will be reversing soon.