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On the Daily we have been on an equilibrium making lower highs and higher lows. We are coming to an apex.
On the 4 hour we can assume higher low set at 6488. Now working on the high so we will test 6650, and we'll have some more resistance at 6680ish area. I believe we will get rejected at the 6700 zone and test previous resistances as supports. As long as we...
Well we got a Breakout on the Bull Flag but we're right back in the channel. If we can hold above the trendline and have a strong retest as support, this could be HUGE with a nice conservative target of 965 and potentially 1030...lol.
Been trading into a triangle established at the end of last month. Just had an inside bar bull break at the support of the triangle. Looks like we are headed to the resistance at 8975ish. We will have to see if we have enough strength to bull break then, of form some sort of cup & handle formation. If we bull break we can expect 9400. If we bear break we can expect 8250.
On ARDR we see an inside bar break that broke a resistance formed at the end of September. Bullish RSI and MACD say we are headed to the next trendline where we should see some resistance. Maybe something like a cup & handle will form before we break that and head happily to 2000, and then 2175.
So we have a few things going on here. For starters we just bounced off of the .618 retracement (Golden Zone), and we also broke the bullflag of the previous move up. Not only did we break out of the Bull Flag, but we tested the resistance trendline as support. Also have a bullish RSI and a resetting MACD. We made a higher low, followed by a higher high. This is...
Aion Breaking out of a triangle established mid September. Successcul retest of the trendline as support. Low volume weekend concerns me, but so long as Bitcoin stays sideways there should continue to be more upside for Alts.