As long as the price is located below the descending resistance , namely, as long as $BTC stays inside the triangle with the flat support, the situation is bearish . This pattern (triangle with flat bottom) has the advantage to continue the downtrend. If the price through the descending resistance, there would be no way back. However, to continue the ascent,...
The chart looks very positive. $TOMO is located in the very bullish net’s quarter, below the flat resistance. We should see an impulse after a breakout. Mentioned buy zone and targets on the chart.
As you can see, the coin has been confidently growing during recent few days. As the result - both resistances (horizontal and descending) were broken, which is a very bullish sign, as there are almost no any factors which can interfere the coin to growth upward. I mentioned all targets on the chart.
The previous BTC update worked perfectly , the price reached both the first and the second support level and now it has already formed a triple bottom . However , here the triple bottom is not a particularly bullish signal, considering each peak is formed lower and lower. This factor suggests that the triple bottom is part of the pattern of a triangle with a...
There are several patterns which tell us about bull power. Looks like a trend reversal, because the price has broke through the major resistance and took hold above. I advise you to put buy orders in the orange zone and a part of the buy orders for the market price.
Analysing $BTC, we can see how the price breaks through the upward support and shifts the horizontal resistance level higher, tactically pushing away the bulls from their area, which gives the bears more area to maneuver. We also see a downward resistance that indicates the superiority of bears. All these factors tell us about possible decline . The target for...
On a daily chart EOS price has formed a converged 2-ways net. The first call will occur in the first orange zone where priorities will be distributed. Now the priority is upward , as the price has moved out of the lower quarters to a higher level. If the price remains in the bullish zone without entering the bearish quarters, then the next movement will be...
Ethereum is following the same scenario again. We can see a triangle with the ascending support and descending resistance. The price has already broken through the support and now is re-testing the resistance. Moreover, we can see a double top at the level of 0.02215 - bearish pattern. Therefore, currently we have more arguments for SHORT , rather than for LONG.
Looking at the global LTC chart we can easily find the global support level. Unfortunately , Litecoin is located very close to this level and ready to break one, moreover, the price is now in the distribution phase right inside this level. As you might understand , this level is very strong, because it has rejected the price three times. Therefore, in case it...
Looks juicy. The price has broken through the strong resistance and takes hold above the one. Makes sense to divide your entry orders: buy a half for a market price and another half in the orange rectangle. Targets are on the chart.
BTC price has formed a double bottom and broke the resistance at $7935 and $8250 . At the moment the price holds above $8250 , means that the market is set to continue the upward trend. If the price takes an upward vector, then soon we will follow the growth to levels of ±$8565 and above. The strongest resistance is located in the $8967 zone, where BTC...
The previous analysis worked perfectly. Dominance BTC's resistance 38.20% fib grid on level 73.17 , after which we predicted the correction of dominance BTC . The price is currently testing the support of the triangle, which is a very bullish sign. Now , we can still see a small pullback down and then the dominance will continue to rise, which means that ...
When I look at the global Bitcoin picture, I see several "ancient" levels which remain actual to this day. First of all, let's consider horizontal levels. The first level is $7610 . From this level, we've seen as huge buys, as huge sales. This is one of the most important levels of all existing ones because exactly this level was crucial when it was...
It seems like $BTC is forming another flat triangle . This time the resistance is horizontal, while the support is ascending. This triangle is bullish and because of this we can expect a breakout of the $8250 level and movement to the $8565 level which we remember from the previous updates. We can talk about the decline only in case the price breaks through...
A rather long consolidation with ascending bottoms and great bounces which formed a declining resistance of the triangle. I expect the coin to jump (bounce) from the existing support once more and finally breakout of the triangle.
Okey, bullish (falling) wedge. The price did a fakeout of the important level and came back fast, it is a great sign because it shows bull's powers. Moreover, this movement hit a bunch of stop losses. The asset is ready for the flight.
The cypher pattern has worked out, now its a buyer turn. The price returned to the level of the previous top, re-tested one and now hold the upward vector. I expect the coin to move up further.
Well, it was very simple . Firstly the chart formed a bullish triangle , but then it was changed to the symmetric, and now to the bearish one. That's the reason I always tell you to trade such patterns only by a breakout or a re-test. Roughly speaking, the price is located inside the horizontal channel $8250 - $8565$. Before, we mentioned the support at...