Currenly it looks like a rising wedge that could break down ugly. If the price breaks upwards, it starts to look more like a bullish channel.
Waiting for confirmation mode.
(Would like to go short, but patience is virtue)
For me its time to buy NEO!
- MACD crossover
- Yellow trend line breakout in sight
- Excellent fundamentals
- More resilient than most other cryptos during 2018 downtrend
If it breaks the red trendline could drop to February lows $63.62.
Along with DASH and XRP I see XLM as one with a solid value proposal for a long term investment.
* Moving averages looking good
* MACD crossover
* Looking for breakout
Low cost Interbank money transfers, Fraud resistant, Easy traceable transfers. remittances, micro payments, mobile money, mobile branches, Counterfeiting impossible, Fraud...
Momentum is here now also on daily chart.
1. MACD crossover
2. Solidly above EMA 200
3. Trendline breakout (blue dotted line)
New resistance is EMA 50 whereafter this could get really good.
I do also believe in the fundamental value of Ripple and that it is actually a working product.
Ripple was established in 2012 and has closed every subsequent ledger over...
USD/JPY broke the monthly trendline (blue dotted line) and made a new low below the resistance zone (box) taking probably out a lot of stop losses. Normally these are signs of more downside and technically it is.
With my new tinfoil hat however I see the world with paranoid eyes, and feel like we all been trapped to exit longs and even go short. Hence I have a...
Dash is currently 12th ranked in market cap with a really solid team and a working product. You actually can spend Dash in real life with a debit card and for online purchases. So you can use DASH for other than investing in wallets and exchanges ;) so we should be past the worst speculation phase by now.
At the moment in the daily chart we see that its kinda...
Monthly Trendline broken
Staying below EMA 50
Looks kinda scary for the dollar!
Keep an eye on the stock market as it affects this heavily! We could go down to support level around 100...