I was meant to do my write-up and 3rd update of Ripple as mentioned in my last idea however, the last idea ended in a loss and I personally feel that the idea was rushed and did not have my best analysis in it. Also, I don't like losing, so I'm revisiting Ethereum one more time with a more deeper technical...
Hi everyone, it's been a while since my last idea as being a buyer of crypto-currency, the last month has not been kind to crypto-currency with the new regulations in China. However, as we enter the final quarter of the year, it seems crypto-currencies are headed for a recovery.
A long opportunity has presented...
I believe now is a good time to shift your attention towards Ethereum and perhaps even place a trade. You may have noticed that in all my ideas for longer time frames there is always 2 components that drive what position to take. The first is technical based and the second is fundamentally based....
This is an updated analysis from my piece nearly about a month ago (). In the article I have mentioned that having patience will pay off (everything moved 2 times slower than I had...
1. Price has reached strong resistance at 0.79184
2. Price has formed a shooting star at strong resistance
3. Price has failed to close above strong resistance 3 times, therefore we are able to place a tight stop-loss just above recent high with take-profit at 0.78875, yielding a high reward-risk trade...
Price has retraced 61.8% of the bear bar from the NFP report. This is a key level for a reversal.
Recently, a shooting star has formed on the chart followed by a red bar, both closing below the 61.8% resistance supporting the failure for a break-out.
MACD is also showing the beginning of a downwards curl...
Price has broken out of rectangle trading pattern (pink lines).
MACD upwards cross close to the zero-line.
Break-out was fuelled by high-volume(>20k on the 15 minute chart).
Price currently retracing to top of rectangle.
If next candle closes as a doji or hammer and fails to break back into rectangle....
Short analysis: Break-out of the rectangular trading pattern with high volume. Next red candle could not re-break support.
Expecting price to move at least to height of the rectangle.
Supported by crossing of MACD.
Histogram in MACD although subtle also shows a higher high, reaffirming that this is a break-out.
On August 1st, the Bitcoin community will be deciding on the future of Bitcoin. Since there is a likely chance that a hard-fork will occur, I will attempt to go through what may happen based on what happened to Ethereum when it hard-forked into Ethereum and Ethereum classic. This analysis will be based primarily on fundamentals and what happened...
This will be a short term outlook (up to 31st July), medium term outlook (up to 5th August) and longer term outlook (up to 20th August) over the next month for Ripple.
First I would like to bring your attention to the bearish pendant formation which is aqua-coloured. The price is near completion of the...