Monero has a hell of a technical setup. Not only that, but it is the golden standard for fungile, private storage of wealth. The target of this bullish flag alone is $517 ... Seems like a damn good time to buy to me. Will post the XMRBTC chart as well. I will honestly be flabbergasted if Monero isn't $1000+ by January 2019.
RSI oversold on daily/4 hour The descending wedge breakout testing the upper wall as support. This seems to be the case for virtually every crypto market today that had a breakout from a descending wedge. recently.
LTC is testing the top of a demand zone as support currently IMHO. RSI almost oversold on daily..
Looking at all of the crypto charts today, ETH seems to have been the only crypto that didn't have a breakout attempt of it's descending wedge. It makes me wonder if ETH obeying the shape of the wedge somehow impacted the other crypto markets..
RSI oversold on daily/4 hour The descending wedge breakout testing the upper wall as support. This seems to be the case for virtually every crypto market today that had a breakout from a descending wedge. recently.
Ascending wedge has formed - IMHO it will correct to a fibonacci retracement level, previous demand zone, or the 200 moving average. The target of the wedge itself aligns perfectly with the 200 MA on daily. MACD MA crossover on daily, as well as hidden bearish divergence on RSI. Highest RSI level ever on weekly. Fundamentally I think this is a great long term...
good time to buy BCH imho.. before the wedge break ;)
Great time to buy BTC if you got it anywhere $120 or below. Watch for the break
Possible Corrective Elliot Wave pattern on BTC. Just another scenario that I feel is a possibility. www.mtpredictor.com
The measured distance of the "flagpole" applied to the edge of the ascending wedge gives a possible $7400 buy opportunity.
The previous descending wedge seems to have broken out into a bullish pennant. The target for the pennant is alone is $895, which makes it a high risk low reward buy opportunity especially if the longer term trend continues. If this breaks out, I expect that support will be found at the fibonacci level 0.382 ($880).
XMR looks like a great buy to me on both the XMRUSD and XMRBTC charts. On daily it is practically oversold
XMR looks like a great buy to me on both the XMRUSD and XMRBTC charts. On daily it is practically oversold and in a very tight descending wedge.
Descending wedge breakout on XMRUSD... Not much else to say ^_^
It seems that the descending wedge that has been forming for quite some time is finally breaking out. I see bullish hidden divergence on both the MACD/RSI at the daily level. The market seems to have found support and is flagging up above the 0.618 fibonacci level ($7675). Good sign for trend continuation IMO P.S. - not sure why the thumbnails have been...
ETHBTC appears to breaking out of a Desceding wedge and is testing the Daily 200 MA for support or resistance.
ETHUSD is in a descending wedge , but the breakout has not yet begun. It seems highly likely to me, as the ETHBTC chart looks bullish as well as most of crypto looking bullish at the moment. Wedge has been measured, and target marked (keep in mind this is a target based on the descending wedge pattern only)..