Az_am_I

Az_am_I

FLO has dropped significantly during the recent BTC bull run. I now see a potential consolidation in BTC, perhaps to trade sideways, allowing for recovery in alt coins. FlorinCoin has entered the demand zone with support at 0.000010 and resistance at 0.000012. These levels are historically important in this chart, forming strong resistance and support. The latest...

Az_am_I Updated 

Steem has entered a triangle pattern, with an inset resistance line recently forming on the 77 SMA (White). Interactions with Fibonacci levels have been highlighted. Entry point should be on the break of both resistance lines, stop loss below the support, and a target 30% up at the predicted intersection with the 235 SMA (purple)

Az_am_I Updated 

FlorinCoin has broken a descending wedge pattern. The 235 SMA (purple) found support on the 0.382 fib (A) when the wedge was entered. This fib has been key in the behaviour within the wedge (highlighted in blue). A cup and handle was formed (B), with the right lip of the cup (C) and the handle (D) created by the wedge breaks. Overall I am bullish, but I am also...

Az_am_I Updated 

The previous low of 0.06 (thin dashed yellow line) has served as a psychological resistance since we broke down this price to find a support beneath the lowest fib. When price first broke this resistance (A) we saw a pump, possibly in anticipation of Bitcoin Gold -0.03% . This and the next break of resistance (B) both resulted in a consistent decline, forming a...

Az_am_I Updated 

My last post on ARK was in response to the upward break of the previous triangle. Unfortunately, BTC broke out only minutes after this move, causing many alts, including ARK, to dive. After a break of support, we also had a break of the 0.382 fib. Another triangle was then formed with the 21 SMA (red) as the resistance. Also note that the previous triangle had the...

Az_am_I Updated 

Z coin has been catching some Zs lately, sleeping on the floor at the 0.236 fib. Recently it woke back up and made a break for the 0.382 fib, but the excitement peaked at resistance from the 235 SMA (purple). The pull back brought the 7 SMA (green) down with it, giving us the thumbs down when it couldn't break the 77 SMA (white). A retest on the 0.236 fib floor...

Az_am_I Updated 

Ark has just broken the upper resistance of a wedge formation. The wedge was formed by previous price action during its correction (A), resistance along the 77 SMA (white line; C) and contact with the 0.382 fib (D). The arc (lol) of the 235 SMA (purple; B) has formed on the 0.618 fib, while the 77 SMA appears to be flattening on the 0.5 fib (E). The RSI has also...

Az_am_I Updated 

Ark has held strong during the BTC breakout, and is looking ready to make another move while BTC consolidates. The yellow dashed lines indicate a falling wedge, which was challenged at (A). Price then broke down, fell through support, recovered and broke out of resistance. This oscillating pattern has resulted in a sin wave formation of the 7 SMA (green line),...

Az_am_I

The break of 5K means we are in the 5th wave of an incredible Elliott Wave set. I have compared the Fibonacci levels from the 0-1 and 2-3 runs and extrapolated to the 5th wave. This has resulted on an 8K target. I have also overlayed the bar patterns from these runs to the current wave in pale white. In these overlays I have indicated the regions interacting with...

Az_am_I Updated 

Ripple has seen a long and healthy period of consolidation, ending with the pump during the SWELL twitter countdown. I won't go into my reasoning as to why this price action is behaving as it is, or why the Ripple team have chosen to pump this coin towards a conference, but I have my suspicions about the price action and the centralised nature of the token....

Az_am_I Updated 

Steem seems to have found support on the previous up trend line, while the 235 SMA has formed upper resistance, forming a nice dovetail from the breakout run. I remain bullish, although my previous posts were a little too early. The 21 SMA has formed a trough-to-trough sin wave curve, ending right on the 235 SMA. This could result in an inflection at the point of...

Az_am_I Updated 

QTUM has entered an ascending triangle formation, with a horizontal roof right on the 235 SMA. This formation is usually a continuation signal of a bullish trend, however the moving averages don't look ready, especially with resistance being on the 235. If the triangle supports another bounce, then a buy order could be set at the breakout at ~0.0029, with a stop...

Az_am_I Updated 

My previous idea on STEEM reminded me of a few very important rules of trading, and here I am enforcing them strictly. The most pertinent being: ALWAYS wait for confirmation. Long term, the outlook is still very bullish, until we see some signals to the contrary. Short term, things are less sure, so we should wait for confirmation before entering. This chart is...

Az_am_I Updated 

We've just had a big Elliott wave break out on Steem and are reaching the C of an ABC correction. We are currently in the buy zone. This chart is a 343 minute with 4 moving averages at 7, 21, 77 and 235, as recommended by my man @bdkelly1203. we had a great breakout after the 7 crossed the 77, and we just had a cross of the 77 over the 235 - The train's about to...