SMJ1361

SMJ1361

What do you think? A short seems rational. Although, I see >0.00004 targets in future(hope I'm not wrong!) .

SMJ1361

Hi As it is clear from the chart, we are reaching to the point where the trend afterward is of grave importance to the future of alt coins. If the channel brakes, its a goodbye to alts, as the W(double Bottom) pattern will be ahead with targets above the critical dominance levels; else Its ALT-SEASON fellas. Please share your thoughts about future of the market

SMJ1361

Although its in lower time frames but too many hits(20) made it very reliable Number of hits are a personal record! 20? DAMN

SMJ1361

Hi In the last 2 days, price has broke the triangle upward and pulled back to it. I expect it to go up for the first taget around 19.4$ and the target of the Flag pattern at about 25$

SMJ1361

Hi guys As we can see on the chart, price is on a critical support on up trend line which, if breached, ends current sharp up trend On the way upward, there we can see a trend line which has been tested 5 times all ended in failure so breaking of this barrier is a big milestone and needs some great energy upward. Failure in breaking that line would cause a fall...

SMJ1361

Sky is the limit ... or is there any?

SMJ1361

After breaking the blue channel from top, we have a double bottom (W) pattern with its first target at 1815$. Second target is around 1854$ were price reaches the downtrend line. Beyond that we should watch for the reaction to the line and fundamental aspects to see if next move is bullish or its just a pullback!

SMJ1361

After meeting the target of lower triangle at 638$ it fel along side the downtrend line coming close to the long term uptrend line. Maintaining the price above the up trend line and upon breaching the top trend line, first target is previous ATH at 638$ then with a pullback, second target is 825$. If braked, the uptrend line becomes a strong resistance along...

SMJ1361

As you can see price is oscillating in a channel currently heading toward the top Long targets are 4.72 and 6.5 Supports are 3.1 and 2.65

SMJ1361 Updated 

For now the chart is fluctuating in a neutral channel from 1675$ to 1760$. Based on two possible patterns on the chart: 1. If the TOP of the channel is broken, target area of the Double Bottom(W) pattern is 1815$. 2. If the breakout is from bottom line, the target area of the FLAG pattern is 1620$. Fundamentally, keep an eye on DXY analysis and BTC dominance...

SMJ1361 Updated 

Hi Everyone Based on 3 trend lines on the chart above, there should be 3 different ways ahead: 1. Bullish breakout of the triangle toward 0.2$ area. 2. A "almost" neutral trend sideways toward the previous ATH 0.15$ "IF" short term uptrend line is broken. 3. In the worst case scenario, upon braking the long term uptrend line, target would be 0.06$ area.

SMJ1361

3 LONG targets. Note reactions to trend lines

SMJ1361

Future possibilities

SMJ1361

3 possible targets of ETH are shown on the chart

SMJ1361

Based on H4 time frame trend lines, and also H1 break from a channel, 40$ could be the first target here. Then, a down trend might start to 32$ and if the trend line breaks, 24$ is inbound!

SMJ1361

Here is another view to this chart Keep an eye on RSI There is negative divergence between RSI and price Also note that RSI 83 is a strong resistance

SMJ1361

Clear in the chart

SMJ1361

Possible trend and targets from my point of view RSI is at resistive level of 70 and also just below the trend line There is a divergence between highs in the price and RSI charts which in my opinion should be resolved in the form of time correction instead of price.