Hello Traders! Update on NEOBTC, which has proven me wrong from previous analysis (see chart linked), NEO has successfully broken bullish from its apex and is consolidating above the .618 Fibonacci Level. Points to consider, - Strong Bull Trend - Key resistance broken, S/R Flip - Price consolidating on support - Volume Declining - RSI respecting support...
Hello Traders!, Welcome back! Today’s chart update will be on ICX, bulls have got very critical levels to break to maintain a bullish bias… Points to consider, - Price testing resistance - Rejection from major trend line - RSI coming into resistance - EMA’s holding price as support - Volume climax ICX is trying to maintain a bullish projection but there is...
It's either a bigger ABC or a 5 count going up.
We have to break red box to confirm that BTC is done correcting. A breakout from the bullish falling wedge is not a confirmation yet of a bull run as the likelihood of it dropping after a breakout is still high. I see 2 significant supports which are the green boxes. Breaking below the 2nd green box is a confirmation that correction is not yet over.
ZRX/USD - Coinbase (Fib Retracements + VPVR)
Hello Traders! Today’s chart update will be on TRX, 240 timeframe, testing an important resistant level that needs to break to keep the bullish bias. A break from this level will increase the probability of TRX testing structural resistance, which has multiple technical confluences. Points to consider, - Confirmed Trend Change - Support provided by EMA’s - Key...
Hello Traders! Shorter term analysis on BTC today, we have a falling wedge pattern and a clear bullish divergence coming to fruition. Will bulls have momentum to push price back up to the falling wedge resistance line? Points to consider, - Trend traveling between support and resistance - Local support in confluence with .618 Fibonacci - Stochastics projected...
Hello Traders! Today’s chart update will be on Etherium, which has successfully broken out of its bear trend on the daily. It respected the .618 Fibonacci level on the 240 time frame as expected (see Chart Linked below), now currently approaching a critical resistance level that needs to break. Will bulls have enough momentum to break through...
Hello Traders, Today’s update will be on Bitcoins recent developments, where a possible fractal is playing out with a confirmed Bart pattern. BTC is now trading at a very strong resistant point which can only be broken with strong bull volume. Will bulls have enough in the tank to break resistance or is a retracement back to support more probable? Points to...
I was observing how the gold come be building a downtrend
Hello traders, Today’s chart update will be on Litecoin which has changed its market structure breaking a key resistance line. Currently testing an important local resistance level that needs to break, will bulls have enough momentum to push price higher? Points to consider: - Trend Structure Broken - Local resistance being tested - Local support in...
Hello Traders! Update on Bitcoin's recent developments in this falling wedge pattern, The CME future gap finally filled, with a large wick (check linked chart), this was not displayed on the spot charts which is weird, but I am under the assumption that it has filled... Price is holding up in a tight range near resistance, will we see a continuation in the bull...
VPVR (Visible Range) shows median traded price at $9180 level with the support level of the descending triangle at $9020. Note this is also the 200 Day MA level, therefore this is not a short call. The measured move of -8.5% calculates the price target of $8250, which is another VPVR level of median price from the recent volume history from the breakdown of the ...
Hello Traders Two more months in the year, how time flies… Today’s chart update will be on TRXBTC, we have a potential daily trend change which is backed up with strong bull volume… Points to consider, - Trend is putting in new higher lows - Resistance at .236 Fibonacci retracement - Support held by EMA’s (EMA’s Bull Cross) - Stochastics trading in upper...
Hello Traders! Today’s chart update will be on XRPBTC, we have another potential rising wedge formation looking to break to the downside with a strong bearish divergence. We need volume to back up the bears when and if we break out… Points to consider, - Trend broke out of rising wedge pattern - Double top formation / Local resistance - Local support at .618...
Hello Traders!, Quick Update on BTC, Trade Setup! We have a symmetrical triangle forming clearly on the shorter time frame, price is coming to its apex, a break is imminent. Points to consider, - Trend coming into apex - Support and resistance converging - RSI is neutral, on support - VPVR increasing cluster of transactions - Volume has dried up - Futures...
Hello Traders! Today’s chart update will be on CRLBF – CRESCO LABS INC, potential trend reversal if local resistance is broken. Price is building up near resistance, is a break imminent? Points to consider, - Trend bearish, attempting a higher low - Support provided by the EMA’s - Local resistance being tested - Stochastics projected upwards - RSI respecting...
Bitcoin looks good on the 4h. We could see a touch on the 21EMA, but we should be ready for a high within the next day or two. If this jump is anything like the last, this wave should take us around $10,000 at the least. We'll see what happens. Watch out for false breaks and plan stop loss appropriately! Disclaimer: This is NOT trading advice! These are merely my...