(refer also to charts for forthBTC pair)
looking at 4hr ForthUSD chart,
Forth shows signs of reversal. Higher low is created on both ForthUSD and ForthBtC charts.
ForthBTC chart also showing signs of reversal. Expecting a potential move from BTC -> FORTH which is consistent with the USD chart. both pairs FORTH(usd,btc) moving up will send FORTH to top of the...
3 points of interest..
- sideways move during the swing low on MACD as well as volume decrease.
- RSI is bouncing up from 50
- BBands also tightening during swing low on MACD.
when blue line begins to move up on MACD price could move up very quickly.
First higher-low ICP has printed during a swing low since beginning of June (2HR). The only other one before that was exactly one month ago - May 24. I think sellers are exhausted. Could still go lower depending on BTC movement. But ICP is way oversold due to unfortunate timing (release during hard BTC correction, also overpriced relative to reputation). waiting...
ICP (imo) has been experiencing heavy manipulation for several weeks now. I'll go over a few of the possible reasons I think this is the case.
Very simply, the first is greed. I think this is the root of any manipulation of any market although, there can be other causes at times.
The second and more devious, but very possible reason, is threat. ICP presents an...
Silver has traded the fib lines perfectly since early 2006. Price is currently just below .05 fib and if breaks above could push upwards towards next resistance around $32. If this level is broken price could continue push up towards $35, or we can see a retest of the .05 fib at about $29.80.
I am so excited about this project. Speaking as a software engineer myself, ICP is the end game of blockchain technology. Being able to build and publish applications to a "cloud" that is not owned or regulated by any one entity is the ultimate service.
right now almost all software services are hosted on cloud services owned by one of several major...
XTZ has double tested the 6.00 mark and shown strong support. 3H chart shows a clean 'inverse head and shoulders' pattern forming. If this is the case than we are in for a wild ride. Possible that 6.20 range will be reached one last time before beginning the leg up. If this plays out I could see the following targets 8$, $9, $10 being very reasonable. These are...
Forth is relatively new to the crypto world. A governance token for the ampl network with max supply of 15,000,000 and a relatively low market cap at the moment.
Looking at the 4H chart, I've marked the waves of upward and downward pressure. If the pattern continues a wave of upward pressure may be coming next. This would make sense since the price has reached...
Not a lot to say about this. Nu is following a similar pattern as it did before breakout. NuCypher is a relatively new crypto which started its journey on Coinbase. This is unique since most altcoins start on binance, kraken or other smaller exchanges before being adopted by coinbase. This leaves a lot of opportunity for expansion for the coin as it becomes...
NuCypher is testing .58 and possibly for the last time before reversal. This is a lower risk, (assuming you are using a tight stop) but high reward situation. Nu has taken a dip due to BTC recent breakout upwards. Pushing down price on the NU/BTC trading pair. This could present a buy opportunity.
RSI and MACD are both in uptrend and hovering just below reversal...
NU has been consolidating for several weeks. Support showing around ~.56 to ~.58.
Looking like it wants to move up..
both the daily and weekly charts show a price is bottoming out. Next resistance levels at .67 and .73.
Looking at 4hr chart. ADA is creating higher lows and continues to apply pressure on the upwards resistance.
If pattern continues we will see break to the upside which has already started in the form of higher lows.
Observing the overall market..
BTC has broken to the upside and is working on creating a new all-time-high. This Is good and bad...
good because it...
Not much to say.. looks like an inverse head and shoulders. Not much volume pushing this though.. I am very wary about buying in now.. the price could easily break neckline and then dump. It would be prime opportunity for such a move.
Although BTC has not behaved as it did in 2017.. We have not seen a hard correction in almost a year since this bull started.
ADA is being pretty sluggish. We made a small profit on the bounce from 1.17 but it isn't responding well at ~1.22.
BTC is struggling to get up like an old man and altcoins are feeling this.
I think BTC will probably take a pretty solid dive.. This will definitely drive down prices.
This isn't certain, but the low energy bounce is concerning. I've sold am going...
BTC looking to retest the 55k area. I think ADA could move to the support line when that happens. This would present a possible buy opportunity with a very tight stop loss in case BTC decides to go lower.
BTC is creating roughly the same pattern as ADA before ADA broke upwards +7%.
If BTC can hold above 57800 for the day candle I think we could see break upwards towards 62k..
If it breaks down, possibly we will see 54k. It is hard to know.
Volume is low on this current drop..
There is definitely reason to move lower.. but Silver is moving up and DXY is moving...
Not much to say here.. just making an observation.
Price can still dip to 1.15$-ish and maintain the ascending pennant.
If price holds above 1.20 during downward pressure, I think it will break upwards shortly after.
Ada is giving many signs that it is ready to move.
1. ADA/BTC pair (not shown, check it out though) , the 50MA (blue) is pushing up and trying to cross above the MA(red)
2. ADA has consolidated for several weeks and created a bullish pennant.
3. Overall market is bullish, but ADA has not yet moved, although there is significant upwards pressure as we see volume...