I'm watching CRO for a short under 0.68 first target quick and easy 20% at .57. pretty solid reversal forming, RSI weak in a downward trend, and EMA's converging for a bearish cross. Just gonna track it for the next few hours and look for it to confirm my entry.
I'd steer clear of purchasing Link just yet. I believe it has some sideways and downward trading left to go, likely to the .38 on the Fib retracement. However, I do want to keep an eye on the daily as we can see through backtesting the weakness in the EMA's, and their divergence is a strong indicator of movement in this pair. Watch for the 0.38 retracement in the...
Not a lot of analysis is needed for doge. As we can see it has been trading relatively sideways for months. That doesn't mean there isn't money to be made, however. We can see that the RSI and MACD follow price action to a fault. as it stands the RSI is touching its usual reversal point and the MACD will likely follow suit. This is basic wave trading and we're...
They always say history repeats itself in the market. I think what we are seeing here is ADABTC teeing up for yet another rejection at the Ichimoku cloud which will most likely need to some new lows against BTC. There is very similar divergence patterns coming out of the price and the RSI. I'd stay away from this one for a while longer.
I think what we are seeing here is the death of MAID. the coin will be delisted on bittrex from 9th of March. We are forming the second Flag and at a perfect position to Short MAID through poloniex three days before it's delisting on Bittrex. There's nothing too technical about this one. Big bad news for the coin means the price falls. all we have to do is pick...
Hi everyone,
I think it is still too early to call a trend reversal on Cardano as of yet. Although it has followed a similar trend to Stellar in price, ADA isn’t showing the same strength in divergence from price in the RSI and MACD. ADA is however showing buy signals within the indicators themselves with the MACD crossing lines and approaching the 0 point and...
I am using the RSI (relative strength index) indicator, The CCI (Commodity channel index) indicator and the MACD histogram. we can see that all three indicators are producing bullish divergences from the price. the RSI has produced two buy signals in the bullish divergence (uptrending green line) vs the down trending price as well as flattening resistance at the...
