CryptoRush_

CryptoRush_

The current situation: 1. Price action had previously broken out of the falling wedge at about 4.3 USD with the measured target to be about 7 USD. After breaking out, the price action was rejected at the 6HR 21 moving average at about 5.4 USD. It has found support back at the 0.786 FIB level at about 4.3 USD. There is also a POSSIBLE head and shoulders pattern...

CryptoRush_

The current situation: 1. Price action has been in this falling wedge since reaching the previous high and it has not gotten on top of the 1HR 50 moving average since. The 1HR 21 moving average is flattening out, which looks like signal for a reversal. In the area of the possible breakout, it an ascending triangle does seem to be forming, which is a bullish...

CryptoRush_

The current situation: 1. There is currently a double bottom apparent on the 4 and 6HR chart. The neckline of the pattern is at about 12.15 and the measured move is about 14 if it plays out. Do note that the measured move may not be reached however. It is also currently under most moving averages and they are acting as resistance so it may be a bumpy ride back up...

CryptoRush_

The current situation: 1. Price action has been continuing in this falling wedge as seen on the hourly chart and has bounced off the 0.786 FIB level at about 4.4 USD. There is also a double bottom apparent with the neckline at about 4.6 USD. The measured target for the double bottom pattern is about 5.05 and the measured target for the breakout of the falling...

CryptoRush_

The current situation: 1. Price action has been in a bullish symmetrical triangle with the measured move to be about 48.5 USD and the chance of breaking upwards to be 60%. However, do pay attention to the 4HR 200 moving average that is currently acting as resistance to the breakout, There are several moving averages that is under the current price action acting...

CryptoRush_

Current situation: 1. There were very bearish signs as I have mentioned in my previous, where there was a head and shoulders pattern inside a bearish symmetrical triangle. The head and shoulders pattern broke out and met its measured target. Now, the price action is being supported by the daily 200 moving average. But the symmetrical triangle was broken as well...

CryptoRush_

The current situation: 1. Price action does look like it is forming what I predict to be a symmetrical triangle on the hourly chart. It has breached the 15M and 30M 21 moving average, signaling that we may need to fall back on a higher time frame before any upward price action is possible. Looking at both the 15M and 30M chart, it is apparent that their 21...

CryptoRush_

The current situation: 1. Price action looks like it's forming an ascending triangle on the 15M chart, with the measured move to be above 6 USD. 2. There currently is bearish divergence on the RSI, I predict it could pull back to the 21 moving average. * These are purely my speculations and not financial advice. You should always do your own due diligence...

CryptoRush_

The current situation: 1. The 4HR 200 moving average and the 3D 21 moving average are currently acting as resistance, where they are sitting at about 11.1K. On the hourly chart, it is possible that we will try to get above those moving averages again and form an ascending triangle as I am predicting. But do keep in mind that a double top is also possible, which...

CryptoRush_

The current situation: 1. On the 4HR chart, there is a head and shoulders pattern apparent with the neckline at about 1.18 and it seems like price action has already broken through that neckline currently. The measured move is about 1.02, which is also where the daily 200 moving average is and can act as support for the breakdown. Also, if we zoom out to the...

CryptoRush_

The current situation: 1. Market structure: on the 15M chart, price action has formed a bullish pennant with a measured breakout target of about 385. The moving averages that are acting as resistance between the price action now and 400 are the 4, 6HR 200 moving average and the daily 21 and 50 moving average. 2. Volume: we are seeing consistent buyer volume...

CryptoRush_

The current situation: 1. Price action has bounced from the weekly 21 moving average and just got rejected at about 11.1K. The key resistance levels to are the 4 and 6HR 200 moving average, the daily 50 moving average and the 3D 50 moving average, all of which are at about 11.3K or under. I do expect price action between 10.9K and these moving averages for the...

CryptoRush_

The current situation: 1. Price action is currently in an apparent bullish symmetrical triangle with 60% chance of breaking upwards with the measured target at about 415. There's several moving averages on the 4, 6, 12HR and daily charts that are acting as resistance and are key levels to break before an attempt at getting back above 400. Because of these moving...

CryptoRush_

The current situation: 1. Market structure: price action is in a bearish symmetrical triangle, with the upside target to be about 1.6 and the downside target to be about 0.85. In order for a convincing case of bullish breakout to happen, the price does need to get over the 6HR 50 moving average currently sitting at about 1.26, which we have not been able to close...

CryptoRush_

The current situation: 1. Market structure: price action got rejected at about 10.8K after the run up today, which was about where the daily 21 moving average is. This level does need to break before we can expect higher price action. However, the bulls may have an easier time passing through if the 12HR 50 moving average comes more towards the daily 21 daily so...

CryptoRush_

The current scenario: 1. Market structure: price action previously broke out of a symmetrical triangle with the measured target to be about 1.6 USD (see my previous posts) but have failed to reach the target. After being rejected by the 6HR 50 moving average, price action has gone to as low as 1.18 and now formed a bigger bearish symmetrical triangle. The upside...

CryptoRush_

The current situation: 1. Market structure: price action had broken out of the double-bottom pattern but got rejected soon after by the 6HR 50 moving average. Currently, it is being supported by the 6HR 21 moving average, which is a good signal, while the 50 moving average is coming down sitting at about 10.5K, which is where the neckline of the double-bottom...

CryptoRush_

The current scenario: 1. Price action is still running in the double-bottom pattern as seen on the 6HR chart. The neckline is at about 10.5K and this is the third attempt trying to break it on the 6HR chart. This may actually prompt a bigger initial breakout as the next level of resistance above 10.5K is 6HR 50 moving average currently at about 10.6K. If this...