XRP on the 4hr Chart.
Price has been consolidating between 50 EMA and 200 EMA
MACD is hitting a support line that could lead to further upwards move and break out.
MFI show upward movement.
Downside is a break below 50 EMA
EOS has been consolidating between EMA 50 and EMA 200 for a week now. If BTC confirms breaking out of its downtrend then its likely most coins will follow suit.
MACD just crossed down but is fighting to stay up. MFI shows movement up.
Look for a breakout at the 9.9 - 10.0 range with the fib 0.62 as the first target.
Unfortunately the whole market...
XRP has completed a 78% retracement over 34 days and found its bottom.
DAILY MACD has given a bullish signal
Bullish divergence indicated by the red and green arrows with squeeze/momentum oscillator.
Price has broken SMMA 50 for a second time.
Targets are based on Fib but there really is no telling how good/bad news will affect the market in 2018
ETH has bounced off horizontal and MA 50 Support
Volume has been decreasing since the bottom reversal and we have entered a consolidation period where a breakout is nearing.
This Trade could play out in 2 ways,
Price Breaks through resistance at 850, Hits Horizontal resistance from major downtrend, tests resistance turned support at 850, and then...
Sometimes its a simple pattern,
If BTC closes the day above the support lines in purple then we have a shot seeing a reversal.
Daily RSI shows us that we have broken the down trend and BTC is ready for an upwards move, baring any more bad news. I am more worried about Tether being an issue than regulation of the Asian markets.
Downside, If BTC breaks 9500,...
Symetrical Triangle that broke bearish ,
Price is testing the apex resistance of the triangle, creating a rising wedge which is also bearish . Volume has been decreasing, be ready for a drop.
MACD is crossing down its signal line in multiple timeframes.
STOCH RSI 4hr is overbought
Order Books show a lot of buyers waiting at 8-9k. Follow the money !!
Bear Flag has formed, there may be one more reaction high,
Volume has been decreasing,
MACD has crossed over
Blue Line in the RSI is a main trend line from 1DAY chart. Crossing below the line signals continuation of the down trend.
Price targets are based on the flag pole
I am new at this charting thing so I could be wrong :) Good Luck
Fundamental and Technical Analysis
As everyone knows, the entire market had a rather healthy pull back in the last 24 hrs. This provides plenty of opportunity.
Early December of 2017 was when the media frenzy surrounding bitcoin really took off and the price of bitcoin deviated significantly from its upward trend. A lot of new investors got into the market at...
1HR and 4HR Chart
Bullish engulfing candle on the 1HR chart on the uptrend support line in red.
4HR chart shows Head and Shoulders, we need to break 15200 to confirm the bulls have it. Targets would be in the 18k+ range
MACD, STOCH, and RSI all show room for upward movement.
Otherwise BTC will test the support line again and threaten to drop to 8-9K
Upside - BTC Will trade sideways between 16500-17200 until it hits MA 200 and rebounds and moves to 18K.
Downside - BTC breaks below MA 200 and moves down to 15k. If you are currently holding a long position use a stop loss at 16K
Wait for Conformation of bounce before placing buy orders. You don't want to buy at 17.2k with a stop loss at 15.5k...