Raynil

Raynil Updated 

During yesterday's sell-off, Bitcoin fell over $10,000 (~30%) hitting support at $30,000. In addition to Bitcoin falling below the 50 and 100 days EMAs on the 12th of May; yesterday's drop means Bitcoin fell below the 100 and 200 days EMA as well. The RSI shows a downwards trend of lower highs and lower lows and it is likely this will continue for some time. These...

Raynil Updated 

BTC currently moving sideways against USD, ETH appears to be the favourable cryptocurrency holding (against USD). At current in the last 7 days, ETH -1.46% against USD while BTC -14.51% against USD. ETH/USD currently breaking a ascending triangle . Long term ETH/BTC Trend Breaking, therefore weight portfolio towards ETH. Aim to take profits at...

Raynil Updated 

Bitcoin breaks down from ascending wedge, reaching lower "low". Wait to see if BTC bounces from 50K resistance level at approximately the end of the month (30th April 2021). If bounces long BTC and target for the 65 - 68.5K level. . If BTC breaks 50K resistance level short BTC and targets the 45K resistance level .

Raynil Updated 

- Ethereum breaks ascending triangle suggesting an upwards breakout. - Supply of Ethereum on exchanges continues to fall on exchanges. The current token supply on exchanges is around ~20% which is a 2 year low suggesting weakening bears. (See Source) - Buy zone $2,000 - $2,100. Source: twitter.com t.co

Raynil Updated 

- If Bitcoin breaks through $7000 support of this longer-term trend, sell. - However, if support holds and Bitcoin bounces, hold. - Influencing news to watch: Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission (www.banking.senate.gov) Disclaimer: Cryptocurrency...

Raynil Updated 

Ethereum looks to be in a rising triangle. I believe it will have a good breakout beyond after passing $390.

Raynil Updated 

ZCash has fallen, to its lowest level from 06-2017, the current bull trend appears to be a falling wedge, I believe it should breakout upwards shortly and produce a good return - going long. Would like to hear other people’s opinion on this, as my I’m fairly new to chartwork?. Also looks like a relatively good outlook due to the small depression in Bitcoin price,...