ACB looking like its completing one last correction wave before stabilizing somewhere in the $9-$11 region. That being said they have just released great news so this could interrupt the last correction and continue on its bullrun but i find this unlikely. All in all, don't try and fight the bull market. Cannabis is exploding right now and you'd best hold this...
BTC bouncing after hitting support at 9,000 (38% fib level). Also completing bullish crab pattern and headed towards newfound resistance levels at 12.5k and possbly even 14k. These levels are good places for a short as BTC is still showing bearish signals and shows no signs of longterm reversal yet.
Recent recovery back to 11k was blisteringly fast. Much too fast for it to signal a long term reversal. Look for signs of short term reversal back to bear run at 11.5-12.5k levels. around previous levels of short term support
TSXV:AT making bullish inverted head and shoulders but still not breaking upper resistance at 1.7 region. There was a false breakout around Christmas time and has stayed within the 1.4-1.7 channel for quite some time now. It will probably try and retest this region again before a potential break out. This could take another several weeks.
So far, all the evidence points towards the cryptocurrency bubble. From its insane growth curve and the double top, to companies profiting massively from announcing their adoption to block chain technology (the effect is amplified if their company name is changed). Kodak is a perfect example of this. There are lots of others examples and id be happy to list them here.
Still following bubble trend. While there is no TA here per say, there is innumerable amount of evidence leading to the fact that crypto in general is a bubble and this first collapse is a start. Within 2-3 months btc will be back to somewhere around 6k. That being said, it would be irresponsible to sell at this point, it is already to late to do so. Best option...
BTC showing more bearish signals. Might try to test this region again over the next days but might be able to make some quick $ on a possible recovery to sub 13k region.
MYMMF making a wedge (ascending/descending?) and could break high before stabilizing again around $2.5 region and consolidating before making another bullrun before legalization
BNB has been trading within a pitchfork on its current bullrun. look for signs of reversal in the 21-22 region. if it breaks down the pitchfork it could retreat as low as 18-19.
Also just noticed the large bearish cypher right before this. This could spell disaster for BTC
COINBASE:BTCUSD Breaking down under its trending support line at mid 13,000 and testing critical support levels at 12,000 region. Could break down further to 10,000 and lower if taken by bearish momentum.
MTH/BTC breaking resistance at 39 and testing new area of resistance at 43-44 region 3 times in a very short time frame, (could indicate strong buying pressure). New support at previous resistance point also being tested and seems to be holding strong. Price action could go sideways for a bit and consolidate before breaking either above or below (inclined to think...
NAV has been reaching resistance around 29 levels. It has just completed an inverted head and shoulders pattern coupled with the fact that it broke clean through that resistance and is now poised for some gains. Thinking it might reach 35 or even 40!
I posted a shorterm analysis for BNB earlier. Here is a more longterm one, BNB has made three giant waves culminbating at 23$$ and has hit 23 resistance again on its correction wave, intermediate terms looks bearish.
Binance coin seems to be tumbling to fast for the bulls to retest 23$ so quickly, look for bounces at 62% (19.5) and 38% (17.5) fib
BNB/usd made a breakout above a descending wedge after forming symmetrical triangle and is not headed for the previous point of resistance at 23$, expect a pullback around this region. That being said the bulls are looking very strong and you can expect for the resistance region to be tested several times if it doesn't break through
TRX has been in an incessant slide after reaching its all time high at 2000 satoshi. This afternoon it looks to have broken out of a falling wedge and may test upper resistance levels around 1000 satoshi again.
MTH forming an ascending symmetrical triangle pattern and breaking upwards but encountering a lot of resistance just short of previous resistance at 4k satoshi. I expect it to retreat and bounce of lower trendline and form a cup and handle after which it could break up or down.