It's possible that Doge could reach previous highs from 2017, but beware that technicals are showing that it is time for a break here, possibly a retest of the 0.5 fib level or even a complete failure to sustain the healthy growth seen lately. If so, here's my analysis for where to look to re-enter or exit.
Based on the example explained in the Tradingview Wiki for Spread Charts (www.tradingview.com).
Pairs trading involves trading two separate instruments simultaneously in order to execute a single trade.
Pairs trading is a popular way to alleviate some of the risk of trading. The idea is that you find two highly correlated symbols (or...
Bearish or bullish?
The general trend for the market remains bullish.
The RSI is showing bearish divergence.
Indicators win over price action 9 times out of 10.
Look to the left on the RSI indicator.
You can see that the RSI has shown bearish divergence in 2017 and the general trend still remained bullish.
Conclusion: most likely to continue higher for the year
Looking to get in for the next upswing for the S&P 500 SPX or SPY, then we still need some more confirmation before entering the trade. However, watching this closely in the upcoming week for a good entry is wise.
Quick look at TRON $TRX tonight:
It looks like TRON has touched the support level at 690 satoshis and just below. If it confirms the daily chart below 690 sats, look for further (more likely than not) falling to 445 sats.
BTCUSDT may be heading down towards the previous support at around 5.000 USDT.
If it confirms support here, it may bounce back up before the year's end and head towatds 10.000 USD level (or thereabouts).
Bearish descending triangle formation.
Value may quickly fall by upto ~300,000 to ~350,000 satoshis if it breaks below support at around 0.00448356
Possible breakout upwards soon, early November?
China: markets reopening could breathe new life into NEOBTC market.
Entering at this level could be premature!
Wait for confirmation of an upward trend.
Lumens met rejection earlier this week when trying to break up into a new trading range "box" (yellow) above the current one (orange).
Still it looks like it wants to go higher, so watch closely this weekend and going into the next week.
XLM volume picked up on news today (IBM banking initative cooperation), so let's have a look at the chart:
It is currently in oversold territory according to RSI, but that does not mean it can't keep going higher on this newfound momentum.
There is resistance around 1000 satoshis, but if this is broken through, the next level to look for is around 1650 sat....
Litecoin is following suit after a nice bullish move in Bitcoin the last few days.
Volume is picking up, with increased demand on the buyer side driving the price up to levels not seen in over two weeks.
Litecoin may break through the resistance at around $57 and establish a new support zone above the previous trading range.
Litecoin may also be rejected, but...
STRAT vs BTC is falling on lower and lower volume, a very bearish movement. It has broken down through any major support and is not making any significant moves lately (September/October) in either direction. Look for a signal to buy when volume picks up, otherwise leave this alone for now. Already an owner? HOLD for now.
People love to claim all crypto altcoins are going "to the moon". Most of them won't.
Today I take a quick look at Litecoin vs Bitcoin.
Litecoin seems to be entering a trading range, building a base at the moment. This may be a buying opportunity in Litecoin if the next move is up.
Arguments for: Litecoin may be implemented in new scenarios/practical...
PeerCoin is seeing renewed interest over the last few months. If PeerCoin can break out, it may face little resistance towards previous highs around $7.5. It will be interesting to see if it breaks resistance at approx. $2.45.
PeerCoin was the first cryptocurrency to implement Proof of Stake in a combination of Proof of Stake / Proof of Work, paving way for many...
Gold has broken out of the 200 week Moving Average more than once lately. Previously the price has been suppressed by manipulation whenever it has tried to break out. Will it breakout for real this time? This time it just may happen.