Coin_Analyst

Coin_Analyst

The 6 hour timeframe of OmiseGo is presented in this analysis with price action from August 17, 2018 to current date. ~$3.84 and $2.99 have marked a horizontal barrier for price action since September 19, 2018, with $3.84 acting as a ceiling for price and $2.99 as support area. The width of the pattern best described as a rectangle bottom pattern is indicated and...

Coin_Analyst

A 2 hour tf chart of the GBPCHF is shown in this analysis, and commentary is provided below based on the numbers marked on the chart: (1) The main trendline on the 2 hour timeframe arising from where the double bottom formation was completed. The bullish trendline is expected to provide support for the GBPCHF should selling continue past (2) which is discussed...

Coin_Analyst

The 6 hour time frame of Zcash is shown in this analysis on a logarithmic scale with commentary provided based on the numbers marked on the chart. (1) A falling wedge chart pattern is used to capture the entirety of price action from January 10, 2018 till date. The implication of the pattern is ideally bullish and suggests demand for Zcash eventually overwhelming...

Coin_Analyst

Litecoin price chart shown in this analysis is a 1 hour time frame from August 4, 2018. Price action from September 4, 2018 to date is described using as a symmetrical triangle; a chart pattern that ideally indicates stalemate between demand and supply. ~$62.36 and $50.48 are indicated as price levels to pay attention to as a break above the former implies...

Coin_Analyst

The 6 hour timeframe of XMRBTC (Monero) captures over a year and 2 months of price action. The sideways price movement is best described in this analysis as a symmetrical triangle, with extremes of the chart pattern i.e. support and resistance indicated by the dark blue lines. The most recent uptrend starting August 15, 2018 is described using a bullish channel...

Coin_Analyst

The 1 hour tf of the GBP JPY is presented in this analysis with price action from ~August 14, 2018 to current date. Price action closed below the 1 hour timeframe main uptrend line on October 14, 2018 indicating a possible termination of the uptrend. Subsequent price action after the bullish move is captured using a downtrend price channel, which ideally implies...

Coin_Analyst

August 14, 2018 to September 20, 2018 marked the formation of a confirmed double bottom chart pattern in Ripple (XRP). Price action after confirmation reached a high of ~$0.79 before the current retracement that is captured with a bearish channel considered to be tentative. Price action breaking to the upside of the bear channel and also above resistance as...

Coin_Analyst

A log scale for Ethereum classic is presented in this analysis on a 6 hour time frame. A falling wedge is used to capture price action from ~ February 6, 2018 to current date. Resumption of bullish momentum, with price closing above ~$15 would confirm the chart pattern, which is ideally bullish. Physical measurements and/ or projections based on the pattern...

Coin_Analyst

The Daily timeframe of the GBP USD is shown in this analysis with price action from ~ October 11, 2018 to current date captured using a bullish channel. Extremes used to identify the width of the channel are ~1.38343 and 1.19602. Chart patterns nesting inside of one another are a common occurrence, and so it is in this case where a smaller bullish channel...

Coin_Analyst

The 2 hour timeframe of Cardano (ADABTC) is shown in this analysis from August 19, 2018 till current date. The most recent chart pattern that captures price action of Cardano from September 12, 2018 onwards is a bullish price channel. ~0.00001518 and 0.00001107 are marked as price levels to pay attention to as a breakout above the former indicates resumption of...

Coin_Analyst

A log scale using a 6 hour time frame is used to present Bitcoin cash analysis today. The trend in Bitcoin Cash from May 21, 2018 to the current date is captured using a bearish price channel. Price closing to the upside outside of the ~5 months channel implies a bullish trend in Bitcoin cash with the minimum expectation of a bullish move estimated using the...

Coin_Analyst

Ethereum price chart shown in this analysis is a 1 hour time frame. Price action between ~$192.93 and $255.88 is captured using a parallel channel which shows price in a side trend. Width of the channel as indicated by the green arrow is therefore crucial in estimating a minimum price target for Ethereum upon a successful breakout above or below the channel.

Coin_Analyst

The chart pattern that captures price action of Bitcoin on its 6 hour timeframe from March 18, 2018 to present date is a symmetrical triangle. Price successfully closing outside of the triangle at ~$6,608.50 implies more upside momentum for Bitcoin, albeit current correction after breakout from the chart pattern. Bitcoin closing back below ~$6,215.70 would...

Coin_Analyst

The 4 hour timeframe of Litecoin (LTCUSD) is captured in this analysis from July 24, 2018 to current date. In particular, August 14, 2018 to current date appears to be shaping up as an inverted head and shoulders pattern (or head and shoulders bottom). The left shoulder (LS), right shoulder (RS) and possible Head (H) of the pattern are marked on the chart. A...

Coin_Analyst

The 4 hour timeframe of Bitcoin is displayed in this analysis with price action from June 24, 2018 to current date. The overall sideways price action is captured with a symmetrical triangle chart pattern. The implication of the chart pattern above is a balance between supply and demand for Bitcoin. ~$6,880.80 and $6,132.10 mark price levels that indicate possible...

Coin_Analyst

EURJPY from January 31, 2018 to current date is shown in this analysis, and commentary is provided below based on the numbers marked on the chart. (1) Bearish trendline in the EURJPY that is tentative and expected to be breached for the EURJPY to continue its current bullish momentum. (2) The neckline of a confirmed double bottom chart pattern at ~130.332. The...

Coin_Analyst

Litecoin (LTCUSD) 1 hour timeframe chart is shown in this analysis from September 1, 2018 to present date. The most recent chart pattern for Litecoin is a bullish price channel indicated by green lines. Price action testing resistance around $66 is likely and a break above resistance should see the price of Litecoin continue to the upside, with the width of the...

Coin_Analyst

The previous Bitcoin analysis did put the current price action in proper perspective, and is crucial to the future progression of Bitcoin. Price action remains within the range anticipated, maintaining a sideways channel from ~$6885.70 and $6,190.30. The 6 hour time frame Relative strength index (RSI) does favor more bearish momentum, which implies the...