So the overall trend for IOTA is still going down, but the bulls tried to push the price up in the last few candlestick. But the last candlestick shows us that the bears declined the bulls, by pushing the price down, which resulted in a bearish pattern, the shooting star. My stop loss would be that upper support line and my target would be at the bottom
Excuse me for posting late. But on this chart you see that the bulls have pushed the price back far, which result a candlestick pattern called a hammer. Beside you see a big volume on this hammer, so it would be likely to go up. So the best scenario was to buy at the hammer and use that support line as a stop loss. What kind of target would I be setting is at 11.28$
Excuse me for posting this late, but as you see the bulls pushed the price above this day support line, which eventually resulted in a bullish pattern " Bullish engulfing" . Also you see that the volume is really big, which means that the price would likely to go up. Also you see a continuation pattern, the Bullish Flag, the pattern is not completed yet, so we...
After a long downtrend, Nano has been building a base. The first support line we can draw is at the bullish engulfing pattern, which is at .0004921 This support line has been tested one more time with 2 hammers. Because of the rising volume, the price will likely go up. But still the whole market is in a downtrend, so this will be an agressive trade. The...
So lately Zcash has been going down a lot, cause it crossed all the fibonacci lines. But now we see that the bears are trying to push down below the support line of .030664, but it kind of failed. At the support line we see small real bodies, which gives us the information that the bears are losing steam. But it doesn't tell us that the bulls are going to take...
So after a long downtrend DSH/USD has been moving up, but he bulls has failed to push through the resistance line of 529.43 and then the bears have taken over the control. You see that it is retraced back to the previous low and the bears achieved to push through the support line of 288.94, but the bulls immediately took over and pushed it back above the support...