ScottMelker

ScottMelker

$DOGE has broken every descending resistance line on the chart... and now has consolidated in a bull pennant and broken out. Target? A cool 130. And all of this in the face of weakening $BTC in a bear market.

ScottMelker

A quick glance at the Google chart shows clear, long term bear divs on both the weekly and daily time frames. This "correction" was long due, and is resulting in clear hidden bullish divergence (yet to be confirmed) on both the weekly and daily charts. Price touched a major demand zone, making this ripe for a bounce if the market behaves, and tech stocks do not...

ScottMelker

This dip was coming. It has had bear divs on the daily brewing for quite a while. It's presently finished filling a major gap, and is at a solid support level. Also oversold on the daily, which is very rare. Very good spot for a potential bounce.

ScottMelker

Amazon has a clear, short time frame head and shoulders. Nearing it's target at $1938.37, which would also fill the gap to the left. Entries would be this area, or the gap just below to the left.

ScottMelker

$SQ If you are trading Square, I would be very careful. On the weekly chart, price is touching the top of the massive ascending channel (likely to test the bottom eventually), huge bear div on RSI, and a potential reversal doji. Technically, this screams "take profit."

ScottMelker

$QKC is up 20% since entry. 1. Approaching long term descending resistance. 2. Ascending triangle (bullish) consolidating with higher lows towards 1169 (red line). 3. Wearing out the present supply zone. Watching that line closely. Still holding 50% of position.

ScottMelker Updated 

QKC is the "biggest loser" on Binance in the last 24 hours, a good place to start when looking for trades. - TD Sequential gave a buy 9 on the 30 minute - TD Sequential gave a buy 9 on the 1 hour - TD Sequential is an 8 on the 4 hour - Volume increasing, and precedes price - Bullish divs on multiple time frames Is this one bottomed out?

ScottMelker

- RSI is oversold on the daily (27.8) (RSI not included on the chart above). - MACD is making higher lows, while price is making lower lows - bullish divergence. - This bull div is also confirmed on OBV, which you can see here, with multiple ascending trend lines on the lows - Price recently hit a low of 362 - the last bottom before this was 325, so it seems very...

ScottMelker

$INS is showing promise. - Volume spike the past few days. - Bullish divergence with RSI on multiple time frames. - Support in box, above all time low (bottom fib) - June 30th beta platform release, July 2nd token airdrop - Finding support on descending resistance that was formerly resistance. $BTC could ruin everything.

ScottMelker Updated 

XVG is traveling in a descending channel on the 4 hour chart, while RSI has formed a symmetrical triangle. This has formed a long term bullish divergence (lower lows in price, higher highs in RSI). A bullish divergence in oversold territory is a "sweet spot" for me in trades, and is what I look for when attempting to predict a significant break out. Be careful, as...

ScottMelker

XVG looks bottomed out, hitting the order block with bullish divergence. Expecting a nice reversal from here, assuming BTC can behave itself.

ScottMelker

I can't believe I am saying this, but XRPBTC looks interesting here. - Hidden Bullish Divergence on daily - Approaching long term descending resistance - Traveling in bullish descending wedge. I would not buy until it breaks out of the wedge.

ScottMelker

- Nice bullish divergence on the hourly. - Hidden bullish divergence on the daily. - 4 hour is tragically oversold and working on a potential divergence as well. Still needs to break descending resistance from the wedge it is presently in. Lots of potential.

ScottMelker

$FTC is one of few coins that is oversold on the daily. It's showing hidden bullish divergence (lower lows in RSI channel with higher lows in price triangle) going back to November. Found support on RSI and price. This will take a while to develop, but has HUGE potential.

ScottMelker

XZC is starting to get interesting. It has been consolidating in a symmetrical triangle, and is targeting the resistance line for a potential breakout. RSI just broke out of a triangle, which should help continue to propel price upward. This is not a buy yet - for now it's watch and wait, with alarms set on breaking resistance.

ScottMelker

VEN breaking out of bull flag - but where's the volume?

ScottMelker

$BTC is forming a bear flag. A break from the bottom of this pattern would likely target the red line (calculated by the length of the flag pole). Let's break up instead, ok?

ScottMelker

NULS is in yet another bullish pattern, this time a descending broadening wedge. The target of this move is the top of the wedge. Price is presently in no man's land, so entry would be either a bounce from the bottom of the pattern or break through the top.