TheChartmergeny

TheChartmergeny

Price has greatly respected this pitchfork, and it has served as a useful guide. Here we see that the .5 - .618 area has served as a strong support and resistance zone in the past. As of writing, the 7,400 - 7,500$ area falls in this range and is where price becomes more likely to bounce and test old highs. In my opinion, target points from longs taken in this...

TheChartmergeny

Classic price projection rules for head and shoulders patterns line up with Fibonacci projections and price two standard deviations below the line of best fit calculated from the recent all time high. If price breaks the 943$ zone, 820$ looks like the next area for a potential bounce.

TheChartmergeny

As can be seen in the blue box on the left, following the December 21st dump, a head and shoulders pattern formed which lead to another sell-off. After the sell-off, a bull run began (1-5) that lasted almost a week before more substantial sell-off occurred. The recent dump that occurred on the 15th of January has given rise to remarkably similar price action as...

TheChartmergeny

Looks like some major confluence at 825$, be careful with setting targets far beyond that for now, could get smacked down pretty hard at that level.

TheChartmergeny

Amp has been slowing been moving up since a low of .09 about a month ago; steadily making higher lows along the way. Looks like on the 9th of November it broke resistance, but the breakout may have been cut short by the btc drama, which started at around that time. The price may very well be suppressed by btc action and undervalued right now. Looking to buy at...

TheChartmergeny

Kryptomilionar's analysis of waves () got be looking at the waves charts a bit further. I know this might not be the traditional way to draw fib channels, but it does highlight some interesting price action. Waves likes to burst upwards between the channels. The last burst was weaker than the others, but still made the jump. If waves has some steam left in it,...

TheChartmergeny

It looks like a cup and handle pattern may be forming on salt. Crossing on MacD hourly looking like a steady uptrend may continue to finish creating the cup. Now might be the time to think about buying if you missed out on the first pump up.

TheChartmergeny

Cup and handle formation on xlm past two days. Breakout imminent after btc fork?

TheChartmergeny

Last eth bounce at classic 284 occurred almost right at the crossing of 2/1 Gann fan line. And there has been a bounce at classic support and Gann fan crossings twice since the china ban crash. MacD crossing on hourly indicating a continued decline in price and we are interestingly approaching the 284 support line crossing at the 3/1 Gann fan line. A buy at the...

TheChartmergeny

.786 becomes resistance on the fib retracement. Next bounce to reliably occur at .018 level, keep targets extremely conservative, as this coin seems to be tanking hard.

TheChartmergeny

This Gann Fan seems to explain a lot of price action since the precipitous drop following the china ban news. After consolidation slightly above the 4/1 line, next top should appear at ~355$ before pullback. btw, this sure ain't investment advice. -TheBiebster

TheChartmergeny

Could ETH hit 250$ if it breaks out of the pendant?