Falling wedges are bullish 70% of the time and usually get retraced 100%. There are also positive divergences on MACD and RSI. I expect ETH to go up from here with a target of 0.021.
There is a rising wedge as well as negative divergence in MACD and RSI. I think we will see a break to the downside and retest of $535-$540 area within 1-2 days.
ETC volatility is here to stay in my opinion. There are two possible scenarios of course. One is ETC will crash hard because of some development that will make it clear the coin is not going to make it. The other possibility in the short term is that there is another bullish leg up towards 0.008 - 0.01 range. I think the second one is more probable at the moment....
Pick your side. A substantial move is coming. BB bands on daily have condensed a lot which is usually a precursor to a move.
After the initial advanced from 0.016 to 0.019 based on a successful hard fork we can see some correction now. Many people will convert their DAO back to ETH and some of them will sell it for BTC. Short term we can retest 0.0175 - that's 10% profit. Stop at 0.1920
What I think will happen after ETH HardFork. I know a lot of people think ETH will fall, but one thing I've learned is that the market doesn't like uncertainty. Once removed the market always goes up in relief.
LSK might be heading up from here. A strong base at 0.0004-0.00045 has been established and I expect it to be a strong support going forward.
Falling wedge is breaks up 70% of the time. Also bullish divergence on MACD and RSI
Based on 4h chart it looks like LSK is ready to break the downtrend line and advance.
The most likely scenario right now is a break down from the recent consolidation. BB bands are narrowing which means a move is coming soon. There is also a triangle that formed. We have negative divergences in both MACD and RSI.
BTC is coming close to a decision. Of course there are two possible scenarios - Up and Down :-) I am displaying one in here which is dow to the bigger bullish trend line.
This is not based on any technical indicators. Just a gut feeling I have and the fact that BB bands are very thight and a move is coming one way or another.
This is a real possibility of where ETH can end up in the next few weeks
We could see 23 or 38% retracement of the recent advancement from 0.022
BTC correction is well overdue. Right when everyone is thinking BTC is going straight to 1000 and every pullback is bough is when the correction will start. Here are a few things to watch for: 1. Volume on the last pullback was big 2. MACD is crossing down 3. RSI negative divergence 4. Look for a lower high and then a lower low for confirmation
This could go either way for ETH based on the triangle that has developed
I think in the next day or so the next up leg on LSK will start.