Strong bearish divergence apparent, OBV looking weak. RSI flirting with oversold and been hovering for some time.
Expect to see a pullback in the short term. Strong support at 75sats if middle BB breaks - Middle BB currently at 77sats.
Bearish divergence on OBV (indicated by pink line)
Possible stoch cross on RSI (waiting for session close for confirmation)
Old resistance line (green) should act as support
Aiming around 10,600-10,700 before next run
If 11,600 breaks on next run, very bullish! Fingers Crossed!
Nice triangle formed, with strong support around 445 satoshis. We can see that it has bounced from here during the previous cycle.
In 5th wave of current cycle, looking to enter corrective phase in the next day or so.
Short-term average is starting to curl over as the downtrend comes to an end.
This should see a return to 615-740 satoshis depending on volume.
XMY is set to implement SegWit later today, but this may already be factored in.
Has shown strong consolidation up to this point on low volume, hopefully the SegWit news will bring Myriad some attention and we'll see a jump. Target 365 for now, if it breaks, 400+
Strong consolidation in short, mid, and long term. When it moves, should aim to break resistance at 160 and consolidate 160-172. If it breaks 172, next target at 186. Strong support at 125, suggest setting a stop loss just below in case of a downturn.
Looking to build on previous push as illustrated in linked idea.