I saw a chart by Thewolfofthedesert mentioning an inverted head and shoulders on enjin but have a slight variaton of my own. I do not count the downwards wick on the head because it was a random spike imo.
Thus my personal target would be around the green box between 17xx-18xx because of the length of the head.
His idea was the one who got me started:...
Based on elliot wave theory and fibonacci we can see that the first wave was done around 335 satoshis. The second wave retraced back towards around 275 satoshis. According to the elliot wave theory wave 3 is the longest and will be at least 1:1 with wave one. Using fibonacci extensions around 275 satoshis this will bring us up to around 400 satoshis.
What do you...
Seems like Ethereuem Classic is making its move and should soon go for the 5th wave of the elliot wave. We could see a 1:1 fib extension all the way up to 0.0046291. Target is in the green box.
As usual DYOR.
Feel free to comment.
Histogram showing bearish signals together with the macd crossing the signal line. RSI tried to break to the upper side but bounced off the 50 multiple times showing not enough strength. Short term the 8, 13, 21 are all below the ma 55 showing a downtrend at the moment. This makes me conclude that XRP is currently bearish.
Ambrosus is currently in an uptrend after the previous correction. It is resting on the daily 20 MA. Broke through the 0.618 fibonacci level and meeting resistance at the 0.786 one. If it breaks through we can see moon city. Stoch RSI and ADX are both indicating a bullish trend as well.
The indicators seem to be bearish at this moment on the 4h chart. In my opinion we will see a dip towards lower levels around 7477 and 7266 satoshis before moving back up. I do recommend to buy back before the mainnet launch on the 24th as that will likely make the price go up again.
This is a short term trade, I expect the first target to be hit within a few hours. The final target depends on wether the breakout occurs.
The reason I expect a rise is because of the MA50 crossing the MA200 on the 1hour level. The Stoch RSI is also on a very low level and the green and red line can cross at any moment. It has bounced up several...
There seems to be a bullish signal for golem that is going upwards although the trend is not that strong yet. We also need to look out for a possible double top.
Will update when needed.
For those who need some Neo for upcoming ico's or simply want to get in for the nice upwards trend neo goes through it is almost time for you. As you can see Neo has reached a level at which the Macd is starting to show some resistance and about to cross downwards. The RSI is also showing strong signals of being overbought which means a dip is about to come as...
Tron is currently a coin filled with hype and with announcements on the 6th, 7th and 8th this one could go for the moonshot. As we can see in the chart the candles are currently resting on the MA100 trendline and seems to be going for an uptrend. Macd just crossed the line giving us the go for the buy.
The current targets are: