BigChonis

BigChonis

$ZRX #Ox - with the 0.5 fib level now acting as resistance...a test of the next fib level down looks to be in play on the 4hr chart...

BigChonis

$ADA - clearly heading down to test .786 fib level which coincides with an area of “volume by price” history on the daily chart... #Cardano

BigChonis

$BTC - why did #bitcoin bounce where it did...? So far this is encouraging for the bulls that this log support line has held and is something to build on, a break would reestablish this line as resistance and the downtrend would continue...

BigChonis

$BTC #bitcoin #crypto - longer term view of price ranges to consider... all can be in play as similarities to the 2014 correction continue to play out rather accurately...

BigChonis

$BTC - support line has held after being tested twice. Another test and fail would break the current parallel channel pattern. Similarly a triple test of middle resistance line would need to push through for bulls to break the “lower highs” currently playing out on 1hr chart...

BigChonis

$BNB - every time the RSI gets into this zone, it signals a correction is near. Notice how the length of time in this zone decreased from 1 to 2 and now the 3rd time might be the shortest time in this zone, watch candle close to confirm hanging man on daily chart...

BigChonis

$BTC #bitcoin - bouncing from short-term oversold conditions, note how the up-angle of the trend is decreasing signaling weakening bullish momentum with every pop in buying pressure on 4hr chart...

BigChonis

Notice as the sideways price consolidation continues the OBV remains very strong suggesting loading on the dips. The apex of this long trend is coming to a close soon as the next price discovery phase will begin on the confermed break of the trend line.

BigChonis

The price is testing the falling wedge resistance line where it has been rejected several times along this down trend, a break and hold would set the stage for continuation of this most recent bullish uptrend on the 4hr chart...but a strong rejection could get interesting as lower price points would be back in play on 4hr chart...

BigChonis

As litecoin continues bullish momentum off it’s most recent bottom it currently finds the price trapped in this rising wedge contained by both strong support and resistance lines. Price is bouncing against upper resistance line and only a BREAK and HOLD above would issue in continued higher prices will be tested. A test and break of the lower trend support would...

BigChonis

Big move today as the news of the Mainnet launch plays through the market. Currently hitting a VERY strong area of historic and psychological resistance on the 4hr chart. Daily RSI suggests still room to run but watch out for volatility to increase as this pumps higher...

BigChonis

This beautiful “V” bottom bounce off of historic price support line is now putting in an “Upsloping Bull Flag” suggesting continued bullish momentum on 4hr chart...

BigChonis

$BCH (USD)- continued bullish move today as the cup reversal has completed, price looks to move to next resistance area at green line on 4hr chart...

BigChonis

$ZRX - the weekly chart suggest that if this current price zone is unable to hold then a test of the overall historic trend support line is inevitable. The (Bollinger Bands) are very wide for this time frame and need to tighten eventually for a more sustainable longer term growth

BigChonis

Since the middle trend line is acting as resistance a test of the lower trend line support seems likely on daily chart...

BigChonis

Bulls need to step up soon with some decent volume or we are going to loose this bullish impulse wave and drift down to another $7K retest which would not be good for a bullish retest of upper resistance areas. Lots of liquidation into buying strength as shown by “big” red candles, the “big” green candle could turn out to be a chart oversold indicator DCB (dead...

BigChonis

This critical price area needs to hold for this bullish break up to continue, a definitive break down would put a lower trend line test in play as buy volume continues to be lackluster on 1hr chart... Until this area breaks the Bulls reamain in control.

BigChonis

We have see a chart like this before in Bitcoin in the early part of April which created a massive short squeeze as the price shot up. The short loading will add continued downward price pressure on ethereum until Bitcoin can find a decent bounce area and take the market Up with it. Trade safe my friends...