Eldal

Eldal Updated 

If you look at the stochastic on the hourly, we are pointing down from overbought area in the second from bottom pane here. Further, there is a declining trendline on the RSI acting as a resistance. I think we will get a pullback to mid 44's before we see which way the market decides to go. The weekly is about overbought on the stoch, but whether or not we get...

Eldal Updated 

Here is a possible path down if this move runs out of steam. Could start a downward trajectory with stopping points at previous major points of support and resistance. BEARISH Several of the indicators on the longer timeframes are showing exhaustion and overbought conditions, specifically stochastic. We can also see declining size of weis waves in pane...

Eldal

As per my last post, I wanted to expand on, we are still seeing rising price without volume to sustain it. This could be an indicator of a bulltrap. I will not rule out the idea, that perhaps a big wave of buying may come in at any point and propel the price action up further. However, as it stands now, what we are seeing is an anomaly. With rising price...

Eldal

If this is supposed to be the next leg, where's the volume?

Eldal

Just ran across these old notes from May. Looks possible to break resistance, but not much volume happening to support the move currently. Depends how much the London hype catches on.

Eldal

Expected that NEO would pop up to the POC, but thought we'd see a drop first. It is now at the upper fixed range POC and oversold on the stochastic and RSI. I'm not sure I feel confident to short it, but looks like we should see it drop to bottom of TR.

Eldal

Interesting little trendline rejection. At some point here heading to 20 to 24k. On the sidelines until then.

Eldal

Could just as easily be random or a distribution phase. However, it seems to be following the accumulation schematic to the T

Eldal

Looks like bears and bulls are still duking it out, because the price is not budging. I'm still bullish, but not buying until we see if this range holds and/or breaks out. 👇👇👇👇Join the discussion👇👇👇👇

Eldal

We could break the triangle either direction at this point. Volume seems relative, no real revelations there. MacD is about to get a crossover on the daily which could lend to the more bullish perspective here at least for the short term. Many coins are in this pattern and in general most look like a bearish pennant. But when looking from weekly perspective...

Eldal

I think we will get a rejection off the SMA 20 here weekly and freefall to the SMA 50 on the Weekly timeframe. Of course anything can happen either way.

Eldal

Beyond this, I have no idea what the h*ll this is going to do. The whole space is mixed signals.

Eldal

Just noticed today that loopring is one of the few coins that did not break previous significant weekly support. If this maintains support it should remain bullish. Insert a lot of fluffy filler words that mean nothing. 👇👇👇👇Join the discussion👇👇👇👇

Eldal

We still have NEO 3.0 on the verge, but obviously we broke some critical support recently. Given that we spent years in the $6 to $18 range I don't see this coin going back there ever, unless of course they fail. In the short term I see this retesting the trend line after a couple of up and down moves creating a triangle patter on the bigger picture. From there...

Eldal Updated 

Here I've plotted 3 fib extensions. The first two are from completed impulses up and the third is a profit target. If we hit the 1.608 and/or the 2.0 level again, take profit is between $250 and $280. Fundamentally NEO is a solid project with an upcoming major mainnet release.

Eldal Updated 

Good morning high risk traders :) Some more evidence to suggest alts peak still on horizon. Not financial advice. High risk. BTC holders could potentially look for final gains by buying cheap alts compared to the value of their BTC. There is more opportunity for them than to cash out BTC to fiat.

Eldal Updated 

This drop and fractal looks almost identical to the drop that happened just prior to the 2018 final run up for most Alts. Whale alerts are showing a lot of ETH still being bought on this dip, but not seeing a lot of stablecoin moving to exchanges just yet. I'm trying really hard to sell at the top for alts, and I sure as hell hope I didn't miss it. But the...

Eldal

2018 we had a near 50% drop before the blowoff top on btc that coincided with the alts peaking. Will see if history repeats. Only thing I dont like is that last time we didn’t test even the ma20.