XTZ is trading in a rising trend channel, and is now nearing it's support zone.
The green box is a good place to set buy orders for a potential move to the 0.382 fib, which coincides whit the upper trend channel line.
XRP had a breakout out of its head & shoulders pattern. It just tested the neckline and it looks like we find support from this line.
If we take out the 200 SMA (green line) and the previous high, I expect a target price in the first red box.
LINK formed a head & shoulders pattern and I breaking out for the moment. However there is not a lot of volume coming! So we need to be caredfull.
If we find support at the neckline then we can expect higher prices (red resistance box), so pay close attention!!!
BTC is forming a ascending triangle (bullish!) on the CME futures chart.
If we breakout (blue scenario) our likely targets are the 0.618 fib to potentially the 0.786fib.
By a breakdown (red scenario) it's likely that we will fill the CME gap. If that support doesn't hold I excpect a bounce around $9420 or the green box underneath.
XRP is forming a horizontal triangle (blue pattern) inside its bigger falling wedge (red pattern).
I expect a breakdown out of the blue horizontal triangle by the 6th of october.
The downwards target will be the bottom of the falling wedge around $0.2117 .
This would be a trade of 8 - 9%!!
ETH is coiling up between resistance of the 34 EMA and the blue support line. Breaking the blue support line would give us a target between the purple shaded box. The purple pattern is a bigger descending triangle (bearish pattern), which is likely to break down. A breakdown of the descending triangle would give us a first target around $291 , this is the brown...
DOT is forming a descending triangle -> bearish pattern!
When the green support zone of the triangle is broken, then it's very probable that we are heading towards the purple dotted support line.
We could see bounces from the green dotted lines as well, these are also fib. extensions.
Everything changes if we would break and close above the downwards red...
TRX is heading towards its upwards resistance zone.
The red shaded area is a good zone to place short positions.
It's likely that we bottom around the 0.786 fib (blue line).
If we break and close below the green support line, we will be heading much lower.
LINK has been rejected at the resistance line of the falling wedge. I expect a drop towards the 1.236 - 1.382 fib extension. These level coinside with the bottom of the falling wedge.
Nevertheless a short term little bounce could be possible from the current support level (0.618 fib).
ADA is forming a broadening wedge in the longer term this should be bearish.
In the short term I expect a good bounce (+- 13%) towards the resistance line of the wedge. This because we formed a bullish divergence.
Expect resistance as well on the 0.382 fib and the next fib levels above (red zones).
XTZ is forming a broadening wedge, this is a bearish pattern.
The green scenario is the bullish one. Here we would first test the upwards resistance of the wedge before coming down. Shorts can be placed in the red shaded area.
The red scenario is the more bearish scenario. Here we would find resistance from the 34EMA. To trade this scenario, I would wait to...
#XRP is froming a pennant, between the 34EMA and the upwards resistance line.
Since we're also forming a slightly bearish divergence I expect the red scenario I more likely top layout. The target for the bearish scenario is the green box between the 0.5 and 0.618 fib.
Target for the bullish scenario is the downwards coming resistance (green scenario).
BTC is forming a rising wedge, which is a bearish pattern. 70% change to breakdown. 30% change to breakup.
- Enter the trade by a break of support at $10736
- Target is bottom of the wedge, which coincide whit the 0.5 to 0.618 fib zone. (green zone on the chart)
>> Potential profit 2.71% <<
LINK is consolidating in a symmetrical triangle. This is a bullish pattern and we are in a short term uptrend.
But we are also at very strong resistance (red line) from the long term falling wedge.
By a breakout we could expect the targets in the red shaded area. Since we break the falling wedge then as well we could expect even much higher prices (see post...
ETHBTC is consolidating in a descending triangle, which is a bearish pattern.
I expect a drop in the next couple of days. By a breakdown out of the triangle the target is the zone between the 50% Fibonacci and the 200D EMA.
This would be a drop of around 8 - 12%.
BTC is currently consolidating in a symmetrical triangle. Soon BTC will have to decide to breakout (purple scenario) or breakdown (red senario).
Personally I think the red scenario I more probable because of the coming uncertainty in the stock market due to the coming elections. Usually the stock market have a drop towards the elections; and as you know the stock...
LINK is currently consolidating in a falling wedge, which is a bullish pattern. The Pattern breaks 70% of the time up, 30% down.
I expect some further consolidation in this pattern before a breakout.
A breakout could bring us towards a 16$ LINK.
A breakdown could bring us towards 4 - 5$ region.
2D trend shifting bearish.
-> 2x 2D red Heikin Ashi candle;
-> Sell signal on MACD;
-> RSI overbought;
-> Breaking down of rising wedge
With al this coming together, I expect a short term pullback toward the 21 - 34 EMA (green zone) before rallying higher towards the 13K to potential 14K targets.