Flags are short-term continuation patterns that mark a small consolidation. Symmetrical triangle, which can be referred as a coil, usually forms during a trend as acontinuation pattern. The pattern contains at least two lower highs and two higher lows.
What to look for:
RSI turn around over 40.
MACD cross to the upside.
Price action cross above the 50MA.
Lagging span cross over the base line.
TA is based on probability not perfect. Anything can happen with a lot of money in a low market cap asset class.
BTC Buying Zones $7500-$6500.
What to look for:
RSI cross over 50 for trend change.
RSI cross over 60+ for bullish trend.
Chikou Span cross over Kijun Sen for long term bullish trend.
Buy levels are near green lines/zone.
EOS has been running hot for a couple of days and I wouldn't be surprised if it gave up steam to go any higher. If EOS price action breaks the 0.618 support I would short. If EOS continues upwards for another day I would stay in the trade or buy more near support. EOS is a risky trade due to its extremely high run up without strong correction.
EOSBTC Daily chart.
EOS looks prime to enter in order to ride the next wave up. As long as the Chikou Span does not cross the Kijun Sen we could see a bounce around the kumo cloud. If the price action goes through the cloud, expect the blue line to be its next support. I think EOS will bounce nicely now or near the green box indicated.
EOS has been running hot touching the...
BTC is approaching the 35% dominance. I do believe BTC is going to start making moves when money is all loaded up in the alts to shift into BTC. I believe BTC has found strong support near the $8700 and $8300 levels and looks bullish. I don't mind if BTC moves sideways giving one or two more days of alt boom. I do think alts will start to sell off into BTC once it...
If you're looking to enter ontology after this huge run up, this may be the chance to do it. I am looking at a flat ABC correction because of Elliot waves 2 and 4 were pretty flat. If there there is strength in the bulls i expect the correction to be pretty flat. Because there is an extended wave 5 I do think it can break to lower lows closer to the top of wave 4...
Airswap is showing a great position to buy into a small amount. I don't plan on taking risks with alts at the moment until BTC finds a good spot in the price to remain stable. I do think if BTC runs, it will hurt the alts. I am looking to enter a small position hoping that the entire market will rise together. The Chikou Span is about to cross the Kijun Sen which...
Using ADX CMF & Stoch RSI to look for strong trends. Prices have been near the end for consolidation as its finding momentum above the 50MA and soon 200 MA. The price action has broke through major resistance levels and is picking up volume. If price action breaks through faded blue line we will see an uptrend. I am also using the Chikou Span and the Kijun Sen. If...
Note: There is a buy signal on the Daily Chart which means this is a STRONG buy signal for mid-long term trend.
All the other ALT COINs are exploding above the 200 and 50 MA. This coin is slow to react as 70% of the coins are locked up in masternodes; hence low volatility. This coin is setting up to explode above the KUMO. Buy signal on the green arrow is due to...
Descending Triangle is a continuation to the bottom.
ADX when hits 25 is a trend change. DI- is pointing to the bottom and hopefully DI+ will point to the top for the trend change. Price action needs to break the 50MA or see a new bottom. Strong support sitting around 0.00007127 Binance. Going to be long on this one even though its top heavy with resistance.
NCASH recent FUD has created a buying opportunity for those who want to enter. NCASH has fell to the edge of the Value Area in Price Volume. Ncash has a feisty volatility but we should use volatility to our advantage as a trader. With the overall market sentiment being bullish I would consider a small portion into Ncash and ride the wave.
What to look for:
TRX is going to continue its bullish trend with volume confirmation.
Overall performance rank (1 is best): 13 out of 23
Break even failure rate: 5%
Average rise: 34%
Throwback rate: 58%
Percentage meeting price target: 50%