BeefStew

BeefStew

Here is what I see. Inverted head and shoulders, now retest the trend line, then off to $23 or more.

BeefStew

Watching ICP charts for a while I have noticed it often likes to break upward from descending wedges. We may be in one now and see a shot upward in the coming days. but, unless we hold this area and break back above $12.20 we are still in a downtrend seeing lower highs and lower lows. If we fall below $9.50 I think we are likely heading to $6.20 support. IMHO

BeefStew Updated 

If we break the green trend line I predict we go into a H&S and retest the $10.50 area. IMHO

BeefStew Updated 

I hope ICP is on it's way to a higher high, but until that is confirmed we have to consider we are still in a correction and may see a lower low. This channel is something i'm keeping an eye on.

BeefStew Updated 

I think we are in this channel. That sell off that briefly dropped to $12 will probably be tested again, and maybe even confirm that larger H&S on the 4hr that will drop ICP to $11.35. I'm very bullish on ICP and have stakes my coins for 8 years. But, we have not had a good correction yet and we may get it now before going back up. IMHO

BeefStew Updated 

It looks like a H&S that will take us back down to $13 or even $12

BeefStew

RLC has been consolidating for 6 months and appears to be in an upward channel. It's possible that RLC has found the floor of the channel and is attempting to move back to the top of the channel. I have taken a position and will look take profit around $7.40.

BeefStew

Watch for a breakout. Ascending wedge formed. Expected to break to the upside after reaching 60% retracement.

BeefStew

ICPUSD looks like its getting ready to move up. Bullish divergence on the RSI.

BeefStew

I know it may seem impossible, but with BTC in a correction we could see BCH follow the channel. StochRSI is turning downward and has a long way to go.

BeefStew

Follow the trend

BeefStew

Going down for now

BeefStew

Moving down. Looking for a reversal around $9150

BeefStew

Watching the possible formation of a bearish wedge.

BeefStew

We could see $420 in the coming weeks if the lower trend line holds.

BeefStew

Bitcoin Cash cup and handle possibly in play

BeefStew

BTC/USD

BeefStew Updated 

BCH continues to verify a large inverse head and shoulders. I am expecting a target of $209. Again, this all depends on Bitcoin remaining stable.