For now it seems like ETHUSD has a good support at 400$+ levels + RSI oscillators are reversing and not flashing red, so I'm expecting it to go up and hit top side of the triangle (around 550$). If ETH / crypto world / BTC gets more positive news we could see prices even higher than that.
Let's see if current fib and pitchfork support holds....if it does next target may be 25k...if not, we could retest previous high at 13k (volume profile hinting at this since not much buying activity in that area). If BTC goes wild this pitchfork may quickly be invalidated.
Realized today that I published a non logarithmic version last time (), but I actually wanted to post a log one, so I'm posting this one here.
Seems like we bounced from old trend-line support and we are testing resistance, if we break up I expect 9k and 11-12k targets to be reached (retest of support not excluded)
Let's see if we can break 12k resistance. Bouncing down and retesting 9000-1000ish area is also an option after all this upward momentum.
ICN seems to be bouncing from previous "ATH" with high volume. According to 1 minute chart it seems like someone just bought a lot of ICN (maybe pump and dump?). Also it looks like the trend is strong, whenever price touches trendline it bounces off heavily. According to this and other indicators still have upside potential it seems like a good opportunity in short time.
If we don't correct soon we may form a Head and Shoulders pattern. Volume isn't perfect but would look better if people wouldn't panic sell at first drop. Ichimoku cloud and EMAs are also bearish, confirming that we may go lower and finish the last down wave. If this pattern plays out we may break through 10k$ support.
I've noticed an interesting fact on 4h chart: all trend indicators on chart are squeezed to a small box and they all seem to be in equilibrium and offer strong support to the price that is above and resistance formed with a flat bearish cloud, which is forming an ascending triangle pattern and is keeping BTC under 15300$ (next resistance at 16500$ - local high)....
Ripple is cooling down but signals still look bullish, except of bearish divergence on RSI. This are the things I'll be looking for as potential entry levels: - bounce at current levels (fib + tenkan + BB SMA) - test the previous top at 2.3$ + pitcfork - if we go lower I expect a test of 2$ level (fib + EMA + kijun) Keeping an eye on Stoch RSI which is already...
XRP was in consolidation phase where it broke down when BTC started to fall, but seems like it's recovering now and potentially going higher. Waiting for it to close above 0.755$ fib line or for higher volume to open a long position. Targets at 0.89 and 1.31.
Seems like BTC just couldn't break up above the cloud and downtrend line. Now it broke local resistance, 50 EMA and Tenkan line which were holding it up. Kijun being tested at the moment of writing, also we are reaching lower end of BBands. F Kijun doesn't hold the price up I think we may at least touch 13k or even retest the support at 11000ish to form a double...
We are hitting 2.618 fib line at 721$ and reaching top of the pitchfork. Ichimoku cloud resistance is quite far away so we may be overbought, RSI still high. Long wicks confirming that bulls are still active, so maybe still some chance to go higher. If not we may retrace to support at 594$ (1.618 fib).
Slowly breaking up the resistance. Still waiting for volume confirmation. Targets 4769 and 6110 sat (potential cloud edge to edge trade, 7195 sat - a bit unreliable since there is not much data available for Ichimoku, but 0.5 fib is also at that level).
Looks like it's consolidating, waiting for potential break upside. BBands are getting tighter, price is currently trapped inside the cloud which is still bullish, waiting for bullish TK cross as well..
Ascending Triangle forming
Broke up, not much volume though. Targets 372$ and potentially 531$. Good time for transferring funds between exchanges. :)
Loosing upward momentum? Maybe related to BTC rejected with going higher or news ("IOTA clarifies it has no formal partnership with Microsoft - The media has overblown the story"): thenextweb.com