Seeing the RSI (near oversold and with strong bullish divergence), it could also do a strong bounce at the 0.618.
EMA 200 as support. EMA 50 as resistance.
If harmonic is valid, bounce at 0.786 instead. Ratio are perfect so far.
High profit in view for this bounce.
Not a trading advice.
Continuation of this previous TA ( where I predicted the potential spring at 5800 and some of the recent pumps):
You can see the pitchfork channel I am following, I expect it to be valid for a week ;), I am bullish, but I will pay attention at the new attempt...
That is more a trial than a solid prediction, so do not take it too seriously.
The pattern as I see it, we are in this upward channels and in a potential spring ( I insist on potential, it could fail anytime).
We are currently testing previous resistance changed to support with lesser volumes of each pumps.
If we are still following the same pattern, I...
In case, it is not easy to read in above chart:
View without the wicks, as those wicks can differs a lot depending the exchange (bitfinex, Okex, binance...).
And with even less noise, to spot the important support lines in play, a P&F chart:
I still expect the spring around 5900...
Few days ago, announcing a dump, the 100 and 200 MMA crossed.
When did it happened the last time? In 2014, during the crash:
Looks very similar, right?
But when did those MMA crossed again?
In November 2015 to signal the end of the...
First TA published and generally a noob in trading, this TA is not a trading advise, just for ideas exchange and receive feedback.
I will describe the scenario I consider the most likely, represented by all those little arrows, it is a boring sequence of testing all resistances up to 8800-8900 (0.618 Fib) and each time testing support which was...