Massive Cup and Handle formation on TRX. I always thought TRX was not a great long term investment, because of all of the FUD surrounding Justin Sun.. But it looks like TRON has been very bullish these past few months... lets make some money!
IOTA has formed a Cup and Handle Pattern as well as a Symmetrical Triangle Pattern on the daily chart. I have always been bullish on IOTA as it unique from most Cryptocurrencies in the sense that it uses Directed Acyclic Graph technology as opposed to using Blockchain. Since each user of the IOTA network has to verify two transactions before theirs is...
BNB price action following symmetrical triangle pattern. RSI still not overbought or oversold, so there is plenty of room to move in either direction. ADX and DI showing buyers are gaining traction on sellers.... BNB seems to have followed breakout patterns very well in the past, so I will be watching BNB closely.
AEON seems to follow an uptrend breaking out massively and then consolidating back to the support line. @burnonfire31 mentioned that his indicator is showing this is a good buy and I agree as it looks like every time AEON touches the uptrend line it breaks out.
RSI not overbought or oversold Looking for breakout.
SNGLS has found a strong support at 876 Satoshis. We will watch closely for a break in either direction as it may be a strong one. -RSI indicating oversold on hourly chart **This is just an idea, not financial advise**
ZenCash was listed on Binance today which caused ZEN to explode in price and volume. This was a synthetic breakout in my opinion, and I believe that ZEN will see a drop in price soon. Here are a few reasons why I think ZEN will fall in value: 1. Bear Flag (illustrated on chart) has been broken 2. RSI has been moving in overbought area 3. Volume has decreased...
Bytecoin is currently following an Ascending Triangle pattern on the 1H Chart after its recent surge caused by the Binance listing. Ranked number 18 overall, Bytecoin has a huge market cap in the Crypto space. There are two very simple scenarios: 1. BCN breaks upward out of the triangle and goes Bullish 2. BCN breaks downward out of the triangle and goes...
HShare (HSR) is close to breaking out of the blue descending triangle. HSR is also still following the pink uptrend line. If it does break out of the descending triangle then we will move towards our .001166 resistance and follow the ascending triangle formed by the pink and red trend lines. Bullish signals: 1) ADX is close to crossing over from bearish to...
It look like EOS broke out of a descending triangle and will continue its trend upwards.
MCO just broke out of a descending triangle after going on a big run upward yesterday. Keep close watch
A descending triangle is being formed on the 15 minute chart. I am currently bullish and leaning towards an uptrend. ADX shows Bears are slowly gaining power over Bulls.
TRX formed a mini cup and handle on the hourly chart and has broken out of the downtrend wedge . TRX is also following a ascending triangle pattern with resistance at 877 satoshis. I personally do not like TRON and I believe it is overvalued but we will trade based on market trends regardless! Possible upward breakout coming soon. Stay Tuned! **Not...
HSR has broken out of a descending triangle and is beginning an uptrend. Resistance lines are next targets. *Trade at your own risk*
NANO found a strong support at 7000 Satoshi level and is holding well. A descending triangle has also formed, which usually results in bearish movement. Regardless, we are near all-time lows which gives us plenty of room for upward growth and a much lower chance of dropping even further. We should see big price movement in either direction depending on whether...
Cup and Handle formed on NANOBTC currently holding strong at green support. Look out for bullish trend reversal, and then signs of breaking out of downtrend channel. *I am not a professional trader and I am not offering financial advice. Trade at your own risk!*
There is a strong Cup and Handle Pattern forming on the BTCGAS hourly chart. Wait for retracement to support area highlighted in green and then an upward reversal towards breakout. *I am not a professional trader or financial advisor. Please trade at your own risk!*