OK Cash has made a double bottom and reacted strongly. At the least I expect it to match the pump relevant to the first time it hit this bottom but suspect this is the uptrend that started.
DEFFO not TA
Doge has been compressing for some time and eventually formed this wedge and just broke out. Ridiculous buy orders on Bittrex so there is no short of volume.
There is speculation that this doge moon mission will be spectacular. Ive got my BITTREX:DOGEBTC and now some popcorn.
Lets see where this journey take us.
Hi Everyone, besides the obvious massive upside potential of this crypto, in the short run, there is some quick money to be made.
Would be interested to hear what you have to say about this coin, share you research please.
Safe trading and hold thumbs that BTC settles above 8k as clear indication of an uptrend starting, where the inverse H&S indicated the bottom...
NB this is not TA. Merely my novice opinion of what I see.
It seems that JSE:COH is busy printing an inverse H&S bottom formation. Both RSI and MACD has positive divergence and RSI shows quite a bit of room to the upside. Should price action break the resistance of the downward channel, fulfill the inverse H&S formation, and bounce off the current downward...
To all logical traders out there, (in my opinion that excludes the Futures wolfes, that are greedy and all about destroying value) This may be what we have been looking for.
In a nutshell, if it stays above this support, it will challenge the next resistance as the next step and we are officially in a new bull cycle that could take us past the 20k ATH of Dec...
Good divergence, hit the bottom of the channel that its in. Irrespective of if this will be a moon mission or not, this is a great buy at this point and it is evident that this coin keeps on going up steadily as is seen on this chart and within the channels depicted. Now is a great opportunity to buy.
This is merely my thoughts on the matter, seems that there is a downwards wedge, with room for growth to 70 ish Sats. I doubt Doge will go over that, and will eventually go back to 15 - 16 Sats and consolidate. THAT is when I will buy again.
This is an important point for BTC. If we can close above the resistance line relevant to the last candle for the day, and we can grow to the base of the inverted H&S we will see 36K rather soon.
Now is the time for the bulls to push the bears back to their "futures" if we can complete the H&S invert, the moon is the next stop.
Any wales wanting to support...