MACD about to reverse to bullish on the 4hr, rsi is hitting the historical reversal zone, and it respected the bearish pennant that is drawn in lighter orange. We would really need a good push with volume, which is definitely possible with VEN's new BMW partnership announcement. However, we did just have the rebranding event, and I feel like everyone who wants to...
BTC, 4hr chart, using fibonacci circles, and trend-based fib extentions. Looks like we have a likely chance to close the 4hr candle above the .5 TBF, which should help us gain support as we used the same line as resistance 10 days ago.
Should this happen, I see BTC pushing up to $9900, and then correcting slightly back to the .5 TBF, until we get to the 4.236...
MacD is about to reverse to bullish indication v soon on all of the hourly charts. On the daily chart, looks like a day or two of bear or sideways trading, and then a very good rally. I'll come back and update when we get closer to the breaking point.
testing fib circles, am mainly saving this for my self to check back with later. Am anticipating a run up, and then great drop after we pass the next circle in 25 minutes.
$6k incoming again, tomorrow or next day is my prediction.
It appears that since we weren't able to break the top line of the downward channel, BTC is going to continue to drop, looking like $7200 conservatively, or, with the MACD reversal potentially about to happen, and the BBands tightening up, we could see the quick drop all the way to the previous bottom dip/support. Get ready to buy in the next couple of days b o i s
So we've had a very up and down, and sideways day for Enigma. Once the roller coaster ended, we saw ENG test the lower support a total of three times, and the middle support twice. I believe that we will still have a couple more hours of sideways trading, but i'm calling $10/ENG within 48 hours from now. Time for the big spike.
So ENG broke thru the resistance at 35k sats today no problem. All the way up through 41k. Tomorrow is a potential dip if we break down the fib lines, but i'm guessing that's a 10% chance. Should see 70k sats by this time tomorrow, but either way this is a long hold coin, get in before it's $10.
Like i said above, get ready for some good bull action if this 1 hour candle clears above the .236 fib line. MACD was about to cross lines, but changed course last second. If the candle clears below, my guess is that we will still see minor bull trend, but have a correction to arond 16100-16500 sats, and then fully recovering and mooning. #ThisIsNotFinancialAdvice...
When BTC had that little pump action shotgun a minute ago, most alts suffered terribly. ENG took just a small loss, and has started recovering quicker and harder than all the rest. We have a support at 1600sats that we need to stay above, and then should have a good chance of breakup up past the .618 fib into better gain territory. Will update with better chart as...
ADA is currently battling on top of a VERY strong support line. Looks like it should be able to break out up above the yellow trend line shortly, based off of the spinning top candle, right before the most recent candle (just started). If not, and it does break down below the black support line drawn, look for a pull back to around 1600 sats.