First of all take a look at day chart with side volume bars. You can see a big gap which means minimum resistance in this area. Surely it was caused by BTC fall and many coins have the same picture but keep it in mind. SR line at 376 is based on month chart. Note the volume when it was broken. Now all that power is in support. Adds confidence in it =) I'll be...
Nice momentum here. Almost out of fuel so should fall back soon, start of the fall will be start of BTC correction. After correction it may bounce of 2200 (0.618 fibonacci) which is a good bounce point for trending coin. If fall below it won't be interesting anymore. As you see on day chart it is almost at the top but haven't reached it yet.
Currently ARN is under the pressure of sellers left from 1st of December. If we had a usual market situation with bearish BTC I wouldn't touch that coin at all. But now that we have some positive movements ARN can make its shot and gain from 8% to 20% from where it is now. No, really, that ain't such a good trade from a first glance but it can breakout. I...
Despite the negative momentum EUR experienced this year, "now" it seem to have found support at ~1.13 zone and starting to reverse up. I think it has potential to reach ~1.2 by the July 2019. And if nothing good happen with US economy, next much stronger bullish impulse will come and next Christmas it will be traded 1.23.
LINK show some nice momentum following BTC bounce. If both stay on the same track we may see it hit 7200 - 7600 - 7800. Than will be a descending trendline that may push it down or, in case BTC continue moving up (which is unlikely) it will breakout for new highs. See the big picture below.
ETH is close to breakout of weekly descending trendline. If that happens, it may continue growing to the top of the channel at 300. But it has such a negative momentum and bear trend, that I doubt it. Most probably get stuck within 280-290 range. Week chart If BTC for some, any reason, won't continue bullish reversal, ETH will continue falling towards 230.
My favourite coin is reversing. Could it be the bottom or just a reaction for the overall market situation, I don't know. But if it is, it promis some good profits. And I've marked only those that comes in the nearest future. ZEN weekly chart from Bittrex shows it has much more potential.
Red Pulse Phoenix is still in a downtrending consolidation after the pump, but I feel it starts reversing. Resistance at 250 already tested twice so next time could be a breakout. Before that wave PHX may fall down to 226-228, although I think chances of that are small. My target is 265. If the momentum will be good I may buy more at this level and continue...
When DOGE is growing alts season begins. So they say. Is it true or not but DOGE is capable of showing its maths magic again. Check out the big view. From 63 to 70 there are 11% profit. From 70 to 83 another 83% profit. And we all know it can be only a beginning.
I wouldn't call it classical technical analysis, except for support and resistance zones, but it look so pretty that I'd like to share it. Valid only in case of BTC bounce. Buy zone 7500-8000. Targets marked on the chart.
We have a small bounce for BTC. I won't say anything like reversal as it is too early and on bigger timeframe BTC doesn't look good. But so far we can breath out and do some alts trading. NEBL could be breaking the line. Lets see if it can get through. In any case it done a lot to make it the bottom. On bigger timeframe 3950 looks like a nice target. Next...
Price is consolidating within a parallel channel and just got above the middle line and descending trendline which caused 800 resistance breakout. It can be clearly seen on a day chart. Main resistance is marked on the map. Once the last one is broken we will see 1150 and 1270 very soon. Still it is a mid term forecast. Weekly chart shows another...
S&P500 six months chart shows overbought level and start of correction. Five growing Elliot waves accomplished and ABC pattern should land us to 2100 support. In worse case it may fall down to 1850 as well. Perfect short position was above but price still may hit 2700 before finally going down.
Hi all. I was just testing video review option from TradingView and I guess it is not made for those using notebook =))) sorry for the sound of fan and typing and everything else. This is my first and last video made in such "live" conditions (for YouTube I have to record everything separately, filter, edit and than connect to each other - here no such...
I found a jem and I want to share it with you. Straight to business - check out week chart. When I see something like this I know the explosion is coming. Price sqeeze into narrow channel and will make a huge move once the first brave volume comes in. Lets hope BTC won't spoil that one. It just needs a little push. Nearest targets are 150 - 155 - 160. But I...
I draw this "map" earlier today and posted at Twitter. Looks like all the trendlines work well so I decided to post it here too. A bit late, but better later than never. So BTC is falling. It started falling a long time ago and failed to reverse now, so it continue bear trend. There will be one more wave down. At least one as I don't see any volume supporting...
Raven had an amazing bull run, one of those to remember. Correction was the same. Now it shows some signs of starting to grow again. Lets see if it stays above lower trendline. In this case we might see even higher highs in December. New cycle may bring a downtrend as well, especially if Bitcoin fall. In this case it may hit 400 before starting to grow again. So...
MANA is closing the upper trendline of triangle. Breakout will cause the price to reach 1480 and 1575 areas of resistance. Still there is a chance price will bounce from it and go down to 1400. Even in this scenario I still feel bullish for MANA. Check day chart for bigger picture.