It looks like the market is ready for a bit of cooling and there is number of reasons for that. Firstly, most of the assets including the top coins, have reached the 200MA resistance line. Secondly, we can see the formation of double tops/divergence and other reversal patterns on many assets that were heavily pumped.
This asset looks most appealing...
The graph on the left (Daily)
The price is in exponential growth in the timeframe of the last two weeks and is now reaching the 200MA, which is acting as a resistance. At the same time the RSI, on a daily chart, is entering the overbought region.
The graph on the right (4H)
Price forming divergence in relation to RSI indicator, however, I will wait for...
It looks like BNB is preparing for the launch
The reasons for that are the following:
1) We have completed the 5 waves downward channel in the past six months.
2) We are currently trying to break above this downward channel.
3) We have a divergence on the 5th wave between the AO and the price.
4) we broke above the alligator and the AO indicator became...
After a wonderful gain ( even beyond my expectation DASH/USDT ) it is time for DASH to cool down a bit. Currently, at the 4H timeframe, we can see that this opportunity is forming.
It looks like a potential double top is forming. This is also supported by the decrease in RSI and the 1st divergence between RSI and price while the RSI indicator is in the...
We started monitoring this asset as soon as it entered the horizontal channel and this was accompanied by the increased volume. The price formation is now looking like a double bottom and the following evidence supporting that:
1) We broke the 50 daily MA line
2) A steady increase in the volume after the second bottom and the current bar is above the 20 MA
Dash was depreciating for quite a while now in a down wedge and formed a triple divergence on AO indicator. That is also supported by the divergence on the RSI. The price action formed a nice hammer candle with a good volume spike on the 26th of December. At the same time, the volume was steadily increasing. The strategy is to go long when the highest point of the...