ShanghaiCrypto

ShanghaiCrypto

Etheruem retraced its latest upward movement on the daily chart all the way down to the bottom fib number, then made a strong move up past the 50 period EMA and the downward sloping trendline.

ShanghaiCrypto

This is what I have been afraid of. My previous chart set up is definately invalidated by recent moves. TRX has closed below the 50-day moving average more than once and a strong down trend has formed. I was waiting to see how this would play out, there still being a chance for a move to the upside. Much more bearish in my view now. Might catch support at .0209,...

ShanghaiCrypto

If xrp does close above the trendline on the daily, we are then looking at the 50-day EMA, which is a strong resistance level. Breaking that will be a very bullish sign. The MACD is looking good. On-balance volume ticking up. Moving averages are flat against each other. If we reject from the trendline or 50-day EMA then we can expect a deep drop.

ShanghaiCrypto

CRON retraced some of its move up and seemed to find support. Will be watching EMAs and MACD for confirmation. Any strong price action to the upside will have me looking for a move past $30. This setup is invalidated if we break below support at the .618 retracement.

ShanghaiCrypto Updated 

We don't have an EMA cross or volume to confirm it, but MACD turned bullish. Considering a small long position with an eye toward the 50-day EMA and a stop-loss at 10%-15%.

ShanghaiCrypto

Watching for LTC to retrace 50% of its recent upswing before continuing. Will long if we bounce off of that level, which is where it should also find support at the 50-day EMA. Setup is invalid if we drop past 34.48. Also watch for a reveral off of a higher fib level. $37.28 looks like a potential support as well.

ShanghaiCrypto Updated 

EOS retraced 61.8 of its gains from the last move up. Now sitting at the 50% mark. MACD turning slightly bullish. Might get a continuation of upward movement from here. Will be watching MACD and 5/12 EMA for confirmation. Looking to long with a price target near the top of the last upswing. Set up is invalid if price resumes negative trajectory, especially if we...

ShanghaiCrypto Updated 

TRX is still trending upwards. We are looking to see if it can break resistance at the 200-day EMA. Closed above it once and then back down. Stochastic and 5/12 EMA look good. Profit targets at 45% and Stop loss at 15%. This setup will be invalidated if we close below the trendline in purple. A break above the 200 EMA (yellow) should be seen as a bullish sign.

ShanghaiCrypto Updated 

LPC had a big move up. Will be watching for a bounce off of this moving average.