Doesnt have to play out exactly like this because the chart and price action are pointing a bullish direction regardless.... But I do see a inverted head and shoulders pattern.... whether or not it plays out, well see a nice move I think because all other indicators are looking good.
Just my personal opinion and perspective,
trade safe everyone
Many have covered DOT on the daily charts but not weekly.
Weekly looks quite weak... no pun intended.
SAR looks like it is about to flip and signal a reverse in movement OR continuation of movement.
Not many indicators show much data because the projects relative novelty. This project launched strong and is now coming down from its high and will enter an...
Bullish on this long term but for the time being I believe the price may correct itself in a cool-down after its breakout.
MACD- showing signs of slowing as the fast indicator is reversing path
RSI- showing a clear, yet slow uptrend.. we may see the RSI approach the yellow line... may not hit it exactly
SAR - we have our TOP dot, meaning the parabolic movement...
Looks like the price has been pushing up ward slowly it seems to be accelerating as it breaks above 200EMA. Just a matter of time before the golden cross hits and we see similar pumps some of the other lower cap altcoins.
Parabolic SAR showing upward movement
Support/resistance zones mapped out.
Market cap of roughly 30 mil, on coinmarketcap position 146 at the...
Based on my current indication, Eth may be poised for a short term pulled back. Anything is possible but $210 might the zone. SAR showing and underside peak indicating upward movement is about to reverse and go downside. Not shown here but MACD also looked like it was about to cross under, which is also an indication of reversed momentum. Long term BULLISH, short...
Quick look..It's been a rough ride for alef and the ride might get rougher. Broke passed $1.25 support and price is tumbling below the the 20 ema... 50 ema doesn't look much better. Could we see a bounce to meet resistance at the ema line before true capitulation and trend reversal? Let me know your thoughts. Can't post photo but current price is 1.08$ @11:20am...