$ETH price bounced off of the historical resistance/support level at 0.054BTC a few times and hitting a historical low on the RSI indicator before rebounding and now appears to be in an uptrend.
Daily Chart Ichimoku Cloud Analysis:
-We are looking at a bullish future cloud
-Price just crossed above the Tenkan Sen and is headed towards the previous support...
Price in a trend of higher lows while RSI is in trend of lower lows, occurring around the midpoint (50% sold) indicates a trend continuation, at least on the 4H.
Looking at the RSI overbought levels on the 4H, looks like we have a failure swing in process for $BTC at the overbought level. If this follows the typical pattern, we'll get a temporary bullish resurgence on the RSI, which should lead to a increase in price. I wouldn't expect it to rise much higher than the .618 retracement line around $8200, as that coincides...
ZEC may have FINALLY hit bottom on the downtrend for the last couple months. Take a look at the white line (.0274, top of light blue box) as far back as it goes, it has been a historical resistance/support level and is acting right now as a hard bottom to the recent downward trend.
-RSI continues to trend down, but price is staying at the .027-.028 level.
On...
While $ETC has been looking good (against ETH) for the last couple days, a major test is incoming at the .034 level. I'd like to see it keep rising (one of my biggest bags!), but the TA indicators are pointing to some severe resistance upcoming.
.034 Level:
-Historical support/resistance level for price (white horizontal line)
-Coincides with bottom of Ichimoku...
On the daily, $MTL is slowly but surely trending upwards, even amidst the slide of BTC and most Altcoins. Volume is growing, RSI lows are trending up, and lower lows are trending upwards as well. Seems like this would have been a good place to stash some funds during this slide.
Not sure why the sudden bleeding with $ETH, but looks like we're hitting a historical support/resistance level here, which coincides with the .618 retracement line. Also looking oversold on all timeframes, just awaiting confirmation of a reversal/bottom...in which case we're looking at a good 15% discount opportunity.
Also not shown on this chart, but large...
Was watching this last night before the breakout (look me up on twitter to see) but several indicators were aligning that made an LTC breakout imminent:
-Bullish Divergence with Lower Lows from Price while seeing Higher Lows from RSI
-Severe Disparity with Tenkan Sen and Kijun Sen (on 4H, not as much on 2H), indicating a correction needed to take place
-Price...
Setting the positive fundamentals aside with the soon to be released MetalPay IOS App (Hello FOMO!), I've noticed a recurring trend with the MTL Daily chart to give a good buy zone target between 350-385 Sato.
If you watch the trending Lower highs resistance line and the RSI trends during those same periods, we appear to be in the middle of a 3rd consecutive...
Setting some FIAT aside in anticipation of $ETH correction incoming. Looks like a Failure Swing as indicated by the RSI above 70 failing to make a new high, and breaking the previous RSI low...last time this happened in summer of 2017, $ETH found itself in a downtrend (compared to $BTC) for several months.
