Possible diamond bottom on $Sub. Not an easy pattern to spot or to trade if you do find one in my opinion but it looks pretty solid. It's a very high probability setup in a bear market (diamond top) but less so in a bull market (upward breakout). Technical target is boxed. Usually if the pattern was formed from a sharp selloff, the price will reach the level where...
Not usually this sloppy. Wanted to get it out and BTC on the brink.
Three small falling wedges on this way down. Result in gains of 25, 20, and 30% or something like that.
Just formed a 4th falling wedge.
Those 4 falling wedges? In another falling wedge.
The entire chart itself if you zoom out.
ITS A FALLING WEDGE.
Trades are all a little riskier now with BTC in a danger zone. If you are trading alts, you should have charted BTC first and have alerts set on it.
STEEM has been moving up, and the last increase was even druing a BTC decline.
1. Touching daily, longer term trend line.
2. On the .618 fib retracement of the move up.
3. The RSI is the same as the last 3...
Like the rest of the market, $ZEC entered a big selloff with $BTC today and has been recovering. Right now ZEC is on the .382 fib and it's right where the trendline meets. Just entered at the bottom of the triangle pattern anticipating a break to the upside. Need to have some volume to it and the volume monitors are flashing ZEC now so that's a good sign. If it...
$POA just wicked off the .768 retracement after getting beat to death with BTC move. RSI on the 4H is the lowest it's ever been. I would say it should see a very strong return to uptrend here, but BTC is going to get back involved here at some point.
Zil retraced from it's current move up and fell as did everything else when BTC did. It ends sitting on the .618 retracement level when it finally finds ground. That happens to also be the overall trendline of this upward move that was established throughout the bottom. And if you look to the left on the way up, there are two arrows at that price level. Price was...
Broke out from the falling wedge this afternoon after a final dip to around 16k sats. Retested the upper trendline after breakout and continued nicely. Bullish TK cross on the cloud (not shown) and MACD/other indicators look good. Stoch RSI just reset on the 4H and 4H MACD curling up. Could be a good move.
Vibe fell out of it's channel and found support at the lower trendline which served as the base for an ABCDE asymmetrical triangle pattern. The smaller ABC of Wave E just reached the target zone on the trendline where it found support and I filled my orders. Looking for a breakout of the top trendline with some volume. This setup is simple but one of my favorite...
Got a good bounce off of the bottom of the channel which is where I made my entry. It appears to be playing out very similarly to previous channel moves. It moved sideways shortly after trendline bounce prior before building enough volume to move up.
Entry: 320 Sats
Target: 360 Sats
S/L: What's that?
I have been following ZEC closely and have been laddering buys. Long-term support was found at 0.035 and looking for a double bottom breakout. Desperately need volume to keep it from failing if it does break above the trendline, but it has been increasing lately which is a good sign. MACD and SRSI on the one hour should at least get it towards that trend line...
$NEBL still trying to break out of a larger descending triangle (orange line). Moved up overnight and then formed a symmetrical triangle with lower highs and higher lows and lower volume. This can potentially break either direction. Normally I'd lean towards a continuation upward but I wouldn't be surprised if it fails given the recent attempts. We'll know soon.
Neo seems to be sliding and I know a lot of other coins are being impact by the heavy BTC price movements, but I think that this is probably most likely to break to the downside if BTC heads to the support around 9000. Would love any other opinions.
Great setup here in my opinion. ZEC has been in descending channel within a much larger ascending channel. Waiting for confirmation on the 4 hour window to confirm the break upwards. Looking for an entry between .04 and .041. Stop loss will be set at .037 assuming that buy-in range. Will determine target ranges based on activity, but .060 is the minimum reach of a...