EOS/USDT is still maintaining its support level on the weekly fib channel, also it is printing a potential Wolfe wave scenario. It have been consolidating for over 3 years period. and a lot is happening with the EOS community right now. I think EOS is wise pick for those who seek high reward and low risk.
my Targets would be the wolfe line and the fib extension 1.618
Trader Joe is also printing a bullish wolfe wave pattern, volume is going down with bullish divergence in the MACD indicator, while RSI is at support. This chart is against AVAX, which means if AVAX goes up, JOE will go up even higher against USD.
let us see if it completes.
This is a weekly chart without wicks, only focusing on weekly close. as you can see BTC is sitting on cluster of supports and retesting the iH&S, the public sentiment is bearish and fear is al over the place.
RSI is retesting the broken downtrend as well, OBV is still high, and stochastics is reaching low levels and forming a hidden bullish divergence.
This chart is dedicated for someone who want to be on the safe side and can wait for long period without getting bored from all other coins being pumped x10 in a week. EOS chart is super ready for an upcoming beast candle. strong bullish divergence on RSI and MACD. Stochastics indicator is ready for a bounce. the target as per the Fibonnaci extension and the wolfe...
$ENG/USDT have managed to hold the fib channel 50% line after testing it for several times. Thus this behavior doesn't show strength, but the fact that the correction held the 50% and not reaching the 38.2% is a good indication. Initial target insight is 7$ per coin, and if the market had a super cycle, we can go up to 40$ per $ENJ.
This is an all time channel for $AVAX , it reached the top twice and tested the mid line twice, broke the mid line and went straight to the bottom. not it is showing some hidden bullish divergence. In my opinion it is now going for the mid line which have a moving target as time passes. I will leave this here for future reference only.
BTC.D is at critical support level at this huge channel bottom and printing a bullish RSI divergence!
RSI breakout will be confirmation!
What does it mean for Alt Coins?
If New Money is to Enter the Market, BTC Price is to go UP (This is what I think will happen in the coming weeks), BTC will leave Alts behind for the time being and Just skyrocket by...
XLM/USDT is currently holding a long term support line in the uprising channel. It can drop with a wick to 0.26 and still be OK. However, breaking and closing below 0.26 is bearish.
In my view, now is a good time and price to start accumulate for targets above $2.
Also, remember that RSI is leading indicator. so watch for RSI break to be more confident.
BTC is printing an inverse H&S in the weekly time frame, which is a bullish continuation pattern. Left shoulder can close near $42,500.
We will watch RSI for now to get an indication of breakout and strength of BTC.
If BTC managed to complete the pattern, the Target would be around $87,000.
Good Luck & Trade Smart.