RLUM18

RLUM18

The MACD and RSI are not in agreement with the price action. We should be seeing a pop in price relatively soon. Volume has picked up within the past few days and OAX refuses to go to a lower low. Prices pick up every time, so this shows me that the bulls want to get back in. The price pattern on OAX looks predictable. Based upon the chart, I suspect OAX will...

RLUM18

See above. I have been following Link's falling wedge/double bottom formation. In the long term, this is an absolute cup and handle formation. We found support from the swing on Christmas day 2017. Waiting for MACD crossover on the 12hr to confirm RSI upward movement. However, heavy resistance on the 5300 mark. This is a potential 90%+ profit. If it breaks...

RLUM18

Elf will fall further. There are no indications that this coin will rebound soon. 1. volume has plummeted since February 2. 2. on march 3-4 was a big opportunity for Elf to break out of the falling wedge, but failed. But this wedge support is strong, prices have bounced off at least six times. It can be used as a guiding light. 3. each time the RSI was oversold,...

RLUM18

I spotted this pattern just now. Let's see if history will repeat itself.

RLUM18 Updated 

As seen in the chart, we see a double bottom formation with volume picking up towards the recent up. MTLBTC has also seen a slump for the longest time. But according to the MACD, the bulls are coming in to take control. Wait for confirmation from the bulls to break the 580 sat line. We should see a slight retrace. Buy at 580, s/l @ 500. Target is 540. Target is 850 sat.

RLUM18 Updated 

We are look at a potential break out of the symmetrical triangle. If the price breaks out of the triangle, we can reasonably calculate it to enter the 23000 sat area. This is based upon the length of the beginning of the triangle. The volume is declining on this triangle, which is a good sign. However, we need the volume to spike on the breakout in order to...

RLUM18

I have been following ELF for a while, and it is a neat project. I recommend everyone to read more about the fundamentals to compliment the technical. When trading in the crypto arena, eyes must not develop tunnel vision, but instead, see the bigger picture. With the markets so volatile, there is no such thing as a guarantee. The person who is the most uninformed...

RLUM18 Updated 

I predict a golden opportunity here. EOS has been consolidating for quite a bit. It has held well above .786 fib but has not been able to get past the .0014000 mark. The compression of the bollinger bands as well as the decreasing volume from the left of the triangle to the right of the triangle confirms that this is indeed an ascending triangle . As shown in the...

RLUM18 Updated 

We are looking at a solid run from XLM after a disastrous month. But be wary since a reversal may come soon. A look at XLM's most recent pattern - the triple top reversal. Volume has been pumping since the 22nd of this month but as you can see that from the peak of the 25th, volume has been on a steady decline. Be forewarned that if we do not see volume pumping...