As we wrote in the previous update , the price should form the triangle. That’s what the one is doing now. Falling wedge worked out because of which we’ve seen the test of the resistance. This test showed that the resistance level $8565 is still strong and actual. Next , we should follow the price, namely, where the price will take hold outside of the...
After the recent big dump, the shadow of the candle ends much lower than the candle's body. This fact tells us about the bulls' strength. Moreover, there was formed a resistance level at the $8565 mark. From this level we can see a number of strong sales. All these factors suggest us about a formation of a triangle, but currently we can see only a falling...
Chart is quite interesting: three ascending bottoms and it is quite possible to see a fake breakdown a little bit lower, to the previous lowest level from where we expect to see a good growth.
Analyzing the chart of the $ETHBTC, you can see how the price is rapidly declining . The fall was preceded by a good upward trend, and now it needs a correction. Judging by the figures the price forms, we can conclude that the correction continues (1. broken down triangle with upward support; 2. a triangle that has a broken horizontal support in the area...
From the previous posts we can remember how triangles behave with a horizontal support. Unfortunately, the previous idea went in a lesser priority direction and the price broke through the support, after which it fixes lower . Now those support levels have become resistance levels. The essence of the situation on the current market lies within the behaviour of...
It seems like the coin is going to form an inverse Head & Shoulders pattern. Moreover , the price has breakout through the triangle upward edge (descending resistance) and took hold above. We have two possible options for buying. In case the price will fall lower and reach the orange rectangle - buy there. In other case - buy after the breakout of the first...
Yes, yes, already pumped. But what did this pump change? Four triangles worked out and pulled the price upwards. Therefore, the strong resistance was broken and the price is going to take hold above this level. In case it will be successful - the price will be able to continue moving upward , mentioned targets with the pivot and vpvr help. Advice to enter the...
The previous analysis has worked out , despite we didn't hold any position. The price reached $9600 mark. Then, $BTC started growing upward and do it that hard, that absorbed the whole downward movement and breakout of the upward triangle's border. Now the price is re-testing the support level (previous resistance) . In case the price would like to...
Litecoin did both: a fake breakout and a correctional touch of support zone, now it's only a matter of time when LTC will fly up to complete an inverse head and shoulders. After that the price will finally be free to pump above $100. The targets are on the chart.
The price is following our previous analysis and entering the triangle with the horizontal bottom. As you can see, bulls powers are decreasing (every top is lower than the previous one) , while bulls are quite strong. We expect a decline in the price and breakdown of supports. But let's speak about other factors as well. During the recent dump, there were...
In the previous BTC UPDATE we told you that the price should face a correction after trade above $10060 and after the correction downtrend might continue. Now we can see this logical correction after big dump. The spread was inside a huge triangle, where the price tried to break out several times, but then broke down the support. We could see bulls weakness,...
EOS has broken two horizontal levels and one descending resistance, making LONG a priority. However, there're some reversal signals, for example , RSI is in overbought zone. Here we can expect local dump. You can open LONG only in case the price keeps above the supports, or in case of a fake breakdown after which the price will rapidly fly above the mentioned level.
ETH market works by reversal pattern of converging resistances. To continue the uptrend the price needs to break the upward resistance. Indicators and oscillators don't correlate with that resistance , so it's difficult to use them. Now it's quite logical for ETH to make a correction wave to $190 . If it stays above - you can go LONG .
Well , if you are a risky guy, you can try to buy the $TNT coin. Reasons: convergence on RSI, good Buy volumes, breakout of the resistance and fixing above the one. All these signs are bullish and can work out very nice in case the market will allow that.
XRP prefers a downtrend already second year in a row. We are on the upward support and inside the upward channel, but is it feels like a confident buy? I think it's not. Judging by the TA , we can compare the chart with Bitcoin in November 2018. Remember that? We have an upward local support, horizontal levels drawn by this and previous year lows and the...
On the chart $ARPABTC we can see a clear out of the consolidation . Candles closes one over the other. Buy volumes take precedence over sell ones. The only con this asset has - listed only on #Huobi exchange.
We can see a reversal pattern - bullish wedge with the convergent bottoms close to the support level - double bullish sign. Expect a good bounce from the orange rectangle, targets were mentioned on the chart.
Bitcoin is going to correct the downward movement because of the local reversal pattern and a convergence on RSI. However, when we look at the 1H chart, we see that the price broke down the downward channel and now the global vector is directed down. The local upward correction can end now, but can go a little bit higher, to the zone of $10270 - $10470,...