XLM/BTC is, in my opinion, showing signs of a 1-2-3-4-5 Elliott Wave cycle in the 2h chart.
The 3 rules that an Elliott Wave has to follow are:
-Rule 1: Wave 2 cannot retrace more than 100% of Wave 1.
-Rule 2: Wave 3 can never be the shortest of the three impulse waves.
-Rule 3: Wave 4 can never overlap Wave 1.
All of the rules have been, so far, perfectly...
POWR/BTC is looking extremely bullish in my opinion in the 4h chart.
The reason why I say this are the following:
1) The price has formed a reverse head and shoulders (since the end of November, shown in yellow), with the neckline at around 7500 satoshi, which is currently being tested).
2) There is a symmetrical triangle (shown in the chart) which appears to...
ARK/BTC is looking rather interesting in the 4h chart.
Price has been building up an ascending triangle pattern since the first days of December.
Ascending triangle are notoriously bullish continuation patterns, and ARK price has bottomed at around 18400 satoshi on Dec. 7, where it has bounced back, exceeding the high on June 7.
Although I am sure that ARK might...
After experiencing a flash crash on Dec. 21, POWR/BTC looks like it is building a symmetrical triangle pattern.
The 100-periods SMA (in the 2h chart, in blue) has offered support, following the lower side of the triangle.
The 50-periods SMA (in orange) looks like it is going to meet the price at 0.00006600 BTC.
I believe price will bounce on that level before...
IOTA/BTC is showing a falling wedge in the 4-h chart.
Price just bounced on the 200-periods SMA (green line) and is now testing the resistance line.
The MACD looks like it is curving up and the RSI shows a divergence (in spite of a lower low in the price, the RSI shows an higher low).
This indicates a reversal of the current trend (which, in a small time frame,...
QTUM/BTC has broken up a falling wedge in a downtrend (bullish reversal pattern) in the daily chart.
This pattern has been built since mid-August.
The MACD has hit a triple bottom and now looks ready to turn bullish again.
BTC/USD also is currently building a rising wedge in an uptrend (bearish reversal pattern), which can indicate that the price of BTC will...
PAY/USD is showing a cup and handle formation like the one you'd see as example in a trading book.
This pattern is very bullish, especially since TenX has been consolidating for a long time, an upward move looks very likely.
Both the RSI and the MACD in the daily chart indicate an increase in momentum.
The MACD also looks like it is about to turn bullish (it is...
The SC/BTC hourly chart looks very bullish. Price broke up of the Ichimoku Cloud, after a period of inactivity and sideways movement.
The MACD looks like it is going above zero and thus, bullish.
Also the RSI shows building up of momentum, although it is currently in an overbought state.
This does not mean that the price will go down, it simply means that the...
In the hourly chart, we can see various elements that support the price is going to correct:
1) BTC hit a new high at around 17480$ today, not much higher than the one it hit on December 8th, this could result in a double top formation.
2) The failure to make a new ATH in a strong way created a divergence in the MACD, showing losing bullish momentum.
3) The 200...
Looking at the 2h chart, LTC/EUR has recovered from the cryptocurrency flash crash of some days ago (after a clearly visible reverse head-and-shoulders) and is now consolidating at around 86€, exhibiting a bullish continuation flag pattern.
If price was to break past the resistance at 87.8€, the price could test the 100€ level (probably going higher, but since...
ETC/USDT is showing a bunch of pennant formations, which are normally interpreted as bullish continuation patterns. If The price of ETC can break past this last flag and pierce through the previous high resistance at 22.5$, it will go up to 25$ and more. A stop loss could be set at 21.5$.
Looking at the daily chart, LTC/EUR is currently testing a resistance level, shown both by the Fibonacci retracement drawn using the top on Sep. 1st and the bottom on Sep. 15 (it would be the 71.14%) AND by the Fibonacci fan extending from the Sep, 15 minimum to the local maximum of Oct. 15.
If the price manages to break past the 72€ resistance level, LTC could...
ETC/USDT looks like it is about to bounce on the uptrend support line it has been following since November 5, AND on the 50% Fib. retracement from the recent high on November 12. The Ichimoku indicator seems to show a big sign of support (the cloud is green and very large). If bullish momentum builds up, the price could increase to test the previous high and...
OMG looks like it is breaking out of a symmetrical triangle. If this will happen, the price will go up very fast, like it usually happens with symmetrical triangles, probably to 8$ in the short term. MACD also looks to be turning bullish, and the RSI is showing signs of consolidation (it is making lower lows as the market price makes lower lows). This is an...
BTC has bounced on the yellow support that has been followed since mid-September and also on the 61.8% Fib. retracement after following a clear head-and-shoulders formation, one week ago. Now it is back on a higher parallel support and it is showing to build a bullish pennant pattern. Also, the RSI doesn't seem to show any divergence. If the price breaks out of...
Bitcoin price trying to reach up inside the Ichimoku Cloud and is currently testing resistance by what once was previous support (the yellow line). If BTC manages to break the resistance, it'll be above the cloud and will be supported again by the yellow line. MACD also is turning bullish.