Right now, it is testing what has become the major support line, which was the major resistance line for all last year. It should hold, or at least, it won't break easily. The numbers we're seeing right now are normal, and it's tested that support multiple times now, and not been able to break it.
If it does hold, the implications are staggering. Bitcoin...
Is Iota about to drop closer to the EMA 50? Or will it rise? It's always hard to tell which way an expansion is going to grow. Ichi moku cloud (not shown here) recently had a TK cross predicting a bearish trend (depending on input selection)
Verge sale is over. I hope you all got some good Verge like I did. I am hoping that Cardano is next. It is still overbought, according to the RSI. The price position is far from the MA 50. I have to believe it's going to snap back closer to the MA 50. I've placed an Entry Point at a good support zone, hoping to catch a wick. Good luck, and Merry Christmas...
This is the 1-Day Trend of Verge, XVG. The other day, we were overbought. But Verge is making a healthy correction now, as it drops back toward the EMA 15 (Red Line). Get ready to start thinking about buying as 1) you see price move closer to the EMA 15, and 2) the RSI is less than 45%, or what would be even better is if it went below the 20%. Keep an eye on...
This is the 1-Hour Trend. (Not the Daily). Right now, Bitcoin is in a wedge, and it will make move soon. The MA 200 is sitting above. It'll be interesting to see if it moves up, to cross the 200, or if it moves down. Merry Christmas!
Price Prediction For BTC USD Trading Pair using Moving Averages. This is the 1-Day Trending Chart for Investors. Here I am talking about "cyclic patterns", which means averages like to oscillate above and below each other at a frequency. To better see this, scroll back in time. 1) You''ll notice the MA 50 oscillates above, and then below the MA 200. 2) You'll...
Price Prediction For LTC BTC Trading Pair. This is the 1-Day Trending Chart for Investors. Here I am talking about "cyclic patterns", which means averages like to oscillate above and below each other at a frequency. To better see this, scroll back in time. 1) You''ll notice the MA 50 oscillates above, and then below the MA 200. 2) You'll notice the EMA 15...
Can only use an MA 75. There is not enough data accumulated yet for a 200.
The RSI is currently showing overbought. ADA will probably continue to drop until it gets closer to the EMA 15, and the RSI no longer shows overbought.
Overall, Cardano is still in an uptrend. A good entry point might be on the touch of the EMA 15.
Right now the price position is so far away from the EMA 15, that it's going to have to come back down. It almost looks as if we have a tweezer top developing, although the day is not over yet. The RSI is WAY overbought. Not a good time to be buying.
If you do not own any, I would wait for an entry point closer to the EMA15. If you do own XVG, it would be a...
This is the Bitcoin 1 Day Trending Chart for investors. I'm just guessing at what the future moving averages might look like. I drew them in quickly with a brush.
Bitcoin price position had gotten so far distanced from the MA 50 and 200 that a correction was due. This even correlated perfectly with the RSI. Bitcoin was very overbought on the RSI, but is now...
Bitcoin price position had gotten so far distanced from the MA 50 and 200 that a correction was due. This even correlated perfectly with the RSI. Bitcoin was very overbought, but has now been corrected. Both the intermediate MA 50, and the long-term MA 200, are still sloped up at this time. However, the short-term EMA 15 and the Volume are currently sloped...
