XMR USDT recently broke out of a pennant formation (red) and its 100 day moving average (pink line), signalling a strong upward move to new highs. We currently building support at diagonal support line 2. If strength continues I think we see XMR range bound between lines 0 and 1, with lines 1 and 2 as support Watch RSI to see if we can breach above 70. If...
As forecasted, btc breached out of the pennant on decent volume, breached hard resistance at lines x and 4 and 3, and we are currently meeting hard resistance at line y. I bought more the first time we pierced line x. Will look to take some off the table around lines 1 and 2. Will hold some for longer term and look to buy back on dips.
Red target set earlier today has just been touched after a ltcusd breakout on high volume Lines 1 and B represent short term support. The purple line represents a potential inverted head and shoulders, forecasting a similar move to the red target (set by the red rectangle pattern)
ZEC has bounced off its 100 day moving average (pink line) and found strong resistance at diagonal lines 2 and 3 as well as long term support line z (green). Support is offered by diagonal trend line 4 and long term support line y If the RSI can continue in an upward move above its trendline toward 70, we can see resistance line z approached again. If the RSI...
NXT broke out of zone 1 and met resistance at long term support line x (green). Diagonal trendline 2 and long term support line w provide current support. If we continue through line x, diagonal line 1 will provide resistance in zone 3. If RSI breaks above the upper trend line, we might see the price enter into zone 3, other wise, if we ride the lower trend...
Bitcoin (BITFINEX) recently built support on diagonal line 1 after breaking through longer term support lines 2 and 3. Each of the past 3 bitcoin prices spikes resulted in % moves of 82%, 105% and 82% again, respectively (red labels). Each correction ends when the price dips down to meet the 100 day moving average (pink line) WHILE in the region of the 62-78%...
The blue triangle (lines W and X) forecasted a $2.50 cent move upward. Bottom of the current red rectangle (lines Y and Z) touched long term support line A (green). As the bollinger band squeezes, the rectangle forecasts a move of $1.90. We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black) If weakness ensures...
Ripple is forming support along long term support level (green line U) and also forming a triangle pattern. As bitcoin pumps higher, I suspect diagonal support line 1 will be tested, followed by the 62% retracement, green support line T and the 100 day moving average, followed by support line 2. Touching support line 2 would represent a more than 20% correction....
The dow recent broke out of a triangle formation and bounced off the 100 day moving average. Note the two red arrows This set of conditions occurred back in November during the trump rally. Will another fundamental event come along to continue this leg? Looking for diagonal support at line B, D and the 100 day MA
As earnings near, Tesla breaks out above its 100 day moving average (pink line) and a 3+ year rectangle pattern (blue lines). If earnings beat, diagonal support line 1 could be breached, starting a $95 move upward as forecasted by the rectangle. New support at diagonal line 2 and blue line Y. RSI is still in a bullish upward channel, but let's watch for a...
Ripple recently broke out above a blue pennant and its 100 day moving average (pink line),forming support at line U . If it manages to break up into zone 2 I think we see hard resistance at line 0. I've taken profit with ripple so personally Im holding and watching for other entries (perhaps in zones 4 and 5). The 100 day MA also moved above its previous high,...
Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and...
Short term bull until this move with FB and QQQ finishes. Possible profit taking and strong resistance around diagonal support line 1 could keep the price in zone 1 (red circle). Lines 2 and 3 currently offer support. Should see a typical 10-15% sell off this would send FB back down to zones 2 and 3, with support at lines 4 (black) and X (red). The 100 day moving...
Short term neutral until ZEC crosses back above the 100 day moving avg (pink line). Watching to see if ZEC follows blue line 4 or blue line 5 (red lines x,y and z will offer support or resistance in zone 4). ZEC has built a pennant formation (blue lines 4 and 5) with nice decreasing volume (red circle zone 4). If ZEC crosses above the upper diagonal trend line #5,...
ETC broke out of above a pennant, its 100 day moving average and diagonal support lines 1 and 0 and also long term support line X, only to find resistance at support line Y. If we cant build support at line x, next support is at the 23% retracement and line 0. If bitcoin continues to rise in the days ahead, we could quickly test the 38% retracement and support...
I think bitcoin is heading much higher this year. But first some consolidation as indicated by a potential batman cowl from early march until now. Strong resistance at 1250 USD. The Bearish Hangman candle could indicate a move back down to line 2 and potentially the 38% retracement (~1120USD). Even stronger support at the 100 day moving average (currently ~1080...
United Continental Update A triple top forecasted an approximate $6 drop to roughly $64, which also corresponded to long term support at line 1. UAL, having currently fallen under its 100 day MA (pink line), is flirting with the bottom edge of a symmetrical triangle as well as the 23% fib retracement. If UAL falls through, look for support at line 1, then at the...
BTCUSD Bitstamp daily chart showing bitcoin bouncing off its 100 day moving average after forming a batman cowl top formation. Bitcoin has formed another symmetrical triangle (upper blue triangle) and marginally breached to the upside. Waiting to see what happens around this triangle, but downward momentum could continue in the form of a dead cat bounce, taking us...