Been watching this one for a long time, seems like it's correcting on the monthly level.
MACD MA crossover and it has broken out of the channel due to Trump's UN speech.
Rejection of 200 MA
The target for this pattern is measured and is right above a previous demand zone.
Right in a weekly demand zone, there is overlap with a more "fresh" demand zone
It's oversold on weekly RSI though, so maybe it will only stay within the first demand zone and above the 0.786 fib level
Monero is currently at the 0.786 bearish fib retracement level. Waiting for the weekly candlestick to print to see if support or resistance is found there.
MACD MA looks as if it may cross over soon on the weekly chart.
-Right in the daily demand zone
-Right at the bottom of a descending wedge and the channel the market has been stuck in for a while
-The first time it has been oversold on the daily chart since 11/2017
It is my opinion that privacy coins haven't even begun to take off, and Monero should be leading the charge...
USOIL has massive hidden bearish divergence.
A long term ascending wedge has been forming since 06/2017
Target of the wedge pattern alone is marked with the orange vertical line. IMO USOIL is due for a massive correction, and it is only a matter of time.
Factom is within a demand zone towards the bottom of the chart.. to me this is a great opportunity, as I believe in the technology behind factom. It has been around for years but for some reason has failed to gain traction up to this point..
With Coinbase announcing that they will support ETC in the near future, this seems to be a great time to buy ETC. Support above any of the fibonacci levels coupled with BTC's inevitable bull run will cause ETC to soar.