if we can flip the orange line I will look to take a little position, if rejected will definitely enter around green line which is major support
Flipping orange line would be my confirmation to enter, make sure its a nice candle close above it!
As you can see on the weekly time frame with Heikin-Ashi candles, the 55 ema has been good support and the 34 ema is acting as resistance, bears are getting tired imo
We are below the 55 EMA again on the daily TF Beautiful for #altcoins We are also 21.33% away from the all time low for #Bitcoin dominance which was 35.41% on 13th January 2018
Having a punt here very small position, lets get it
Keeping an eye on KAVA to see if volume comes in after the golden cross.
Zooming in on the hourly lets see if we can crack resistance.
Update As you can see we are above the diagonal trendline, which is bullish BUT a nice daily close above the 55 EMA will be my confirmation
Classic accumulation, with decreasing volume, and a potential inverse head and shoulders, weekly stochastic is also very oversold!
Was above the 55 ema for around 9 days and altcoins took a beating, for the passed 3 days we have been below the 55 EMA which is great for altcoins!
Low mid and higher time frames the 55 EMA has been flipped, the only TF that hasn't yet is the daily time frame, I am paying very close attention here to see if we get rejected by the diagonal dashed trendline and if we can get above the 55 EMA
broken out of descending channel, strong support on upper channel, I would wait for resistance to flip to support for a entry!
Ok so we have been ranging for 46 days now and on the 4h time frame we have had a nice candle body close above the 55 ema, we have also formed a ascending triangle which the trendline is being respecting, we need to now get above the 200s to resume a uptrend.
Stochastic oversold, golden cross on the 4h TF Respecting that trendline like a good doggy.
Keeping an eye on these levels for a potential entry, added alerts to see how it reacts around 36 cents
Chart looks amazing imo, broke out of the descending channel, retested the trendline, showing nice support!