TheChartDaddy

TheChartDaddy

Bitcoin looks ready to bounce! Factors at play: Bullish divergence on the MACD/RSI: Even as the price action trends lower, the strength on the RSI and MACD increases. RSI Trends: Long term descending trendline meets the near term ascending trend line. RSI MUST break up or down. My bet is that the RSI continues on the path of the newer trend line, and...

TheChartDaddy Updated 

Hidden Divergence = continuation trend for the bulls, with a MACD bull cross as a kicker. BABA looks primed to continue it's lucrative run for the near future.

TheChartDaddy

Looking for eBay to flip that SR line, and jump up to the top of the wedge. Ebay reports earnings 10.28. A solid beat on earnings could propel eBay into a breakout pattern out of this wedge, flipping the top of the wedge to a resistance to a new support.

TheChartDaddy

Descending wedge (Bullish) inside an ascending triangle (bullish.) Increasing VOL, RSI. + MACD crossing

TheChartDaddy

79% chance break to the upside. 21% chance break to the downside. Targets are 33% higher than the point when it breaks from the wedge pattern.

TheChartDaddy

Short term (1 week) targets in the 435 range, longer term (1 month) targets in the 475 range.

TheChartDaddy

Small cap coin - look for volume to confirm new bullish pattern if it breaks out of the wedge.

TheChartDaddy

Bull Pennant formation - needs to cross second resistance with volume to establish more upward momentum.

TheChartDaddy

Bounced lower than .61 Fib Ret, getting support at .5. Likely bounce to the upside soon.