On Sept 15th when Link was at $11.24 we said weak hands needed to be shaken out and that support was in the range from $9-$7. We saw price decline down to $7.30 and weak hands capitulated. Link/USD has now reversed higher to recapture most of the declines from Sept 15th.
DGB Digibyte is one of the few cryptos that we have scanned and see a Buy Signal given with our Oscillator crossing above the Zero LIne. The last time our Oscillator gave a Buy signal the price went from $.02 to .038 (90% return) in less than 2 months. On this move we expect to see a retest of $.038. We have a position and are adding on pullbacks.
VGX is trying to reverse the downside movement with a potential Reverse Head and Shoulders or atleast a Higher Low. If price can get above .16
then .22 becomes next upside target. Momentum has stayed above the zero line during the recent pullback and if momentum can start to
accelerate here then .22 could be hit rapidly.
This chart shows that price moved up while our Oscillator moved down below the zero line giving a sell signal. If price accelerates
to the downside then the first support would be around the 200 dma at about $9000.
XRP looks ready to attack the 200 Day Moving Average and our Oscillator gave a Buy just recently and price has pulled back and consolidated those gains
and now appears ready to move aggressively higher.
This should not be taken as financial advice please do your own research.
The 20 DMA is coming down to the 200 DMA and if it crosses below then a nasty decline could follow. The last time the 20 DMA crossed down below the 200 DMA was on
March 23, 2018 and it led to an almost 30% decline. Our oscillator gave a sell signal on September 21, 2019.
The chart of Bitcoin Dominance is showing the first sign of a much needed pullback which of course means a rally in the altcoins from the abyss. This does not mean an end to the bitcoin run but it may suggest that the crypto sphere is about to all move higher together. We posted an article 2 days ago about BTC has reversed it's sell signal and looks ready to...
Our proprietary Oscillator is giving a sell signal if price closes at or below the current price on a daily closing. LTC, ETH, XRP have led the crypto market to the downside with SELL Signals back in July of 2019. Bitcoin BITSTAMP:BTCUSD remained the last remaining major crypto to remain a hold up until today. Today may be the start of a move back down to...
We have been watching Tezos for the last few weeks and price almost gave a BUY signal on July 10th but failed and now XTZ is making another run to the zero line and if it successfully pops above the line then a BUY signal will be confirmed. H/T to BitInfo12