I'll keep it short as there's no clear analysis to make yet, but it comes from the bottom... and we have only 10mio market cap, and its volume is growing, and it is broken from longtime resistance, AND it hasn't pumped yet in the past.
Link is probably next, but its marketcap is already 160mio.. and it isn't a new coin.
I wanted to post this one earlier which could have helped better probably, but I was too busy trading this myself.
There was an interesting rally going on with Ravencoin (RVN), which gained (and still has) unbelievable volume and dito... FOMO.
A few coins were trying to catch up, but only GO had the right set-up.. not too nice, but doable for a 'cup and...
As in the illustration BTC broke right through the crossing point with the USDT sell off on Bitfinex, and was an exact timing for a move.
The next crossing could signify a next move if we keep haning on this support.
Although it is highly probable that we will bounce of this yellow descending trendline which was for 10 months a major resistance.
A breakout till...
Left the weekly chart which looks bearish to me as there is a high potential for a breakdown in the descending wedge and forming a abcde correction on large scale.
Though there is potential to the upside if we break this triangle.
We bounced off da descending trendline on the right chart, we might be heading to 75 - 79 usd again.
Though we should get back in the...
On the weekly chart we see that we made a nasty dump and we are hanging on the 1200 usd level, which is quite a strung support.
On the other hand we are hanging right below the 50% fib level after we passed right through the 38.2, after visiting and passing the 61.8 level, which is probably gonna be visited again.
We might have support on a the green ascending...
A lot of mixed signals, but most important resistance to overcome is the longest yellow descending trendline which BTC touched a very short moment, after breaking out of a smaller descending trendline.
Nearing the major descending trendline gradually
Holding support above the 6K level @ 6.5K, regardless the low volume
trading in a pennant with...
Although to indicate a real bull run all EMA's should be lined up correctly, if bitcoin would turn bullish at the end of its own large pennant, this could be an indication of a reversal.
21 EMA: light blue
200 EMA: green
XRP stays exactly above the 200 EMA
21 EMA is about to cross the 200 EMA, which should be the first time since April 26 this year.
If 21 EMA...
The one scale pro's use for longterm predictions is still the log scale. It might sound crazy, but it could predict what is coming.
Bitcoin has traded in a logarithmic channel since the beginning, and it would near/touch the bottom of the largest, blue channel for a 3th time.
This is a big probability as it is seasonally around the same period of the...
So much to tell about what's happening in Ripple, and much uncertainty, but I'll try to make it short.
One thing I couldn't demonstrate here, is a comparison between the USDT and the BTC chart, because it looks identical !
Many bullruns in altcoins come in 3 steps, not real waves or cycles, because they always go back to the means and are reborn.
In this case we...
Both USDT and BTC graphs show independant moves, slightly influenced by BTC's movements, but merely resistant.
All this looks bullish, as we had an important break through a previous 200EMA and important resistance levels of 0.3 and 0.5 usd, which opens the path for major possibilities. Major resistance is the 1.0 USD level.
clear pattern on the USDT chart: ABCDE...
3 clear indicators...
1) volume is at its highest since inception of last year's bullrun
2) XRP broke right through the descending parallel
3) rejected exactly at the 200 exp. moving average
4)... could be ending of WXYXZ Elliott wave correction
Watch a break through the 200 EMA in green!
If so.. this could be the beginning of a serious bullrun
Btw, if you...
That should do it... the BTC chart is the most convincing to me. The USD chart as well, but less certain in timing...
Even not sure if we need a big bullrun from BTC.. just a convincing upward trend is necessary...
ZRX has withstand all the FUD, and corrected in quite a technical way.
It is surely at a crossing point, and it could be decisive.
It has held clearly longtime to an ascending trendline drawn from the start.
It could eventually shoot up from here too, but if it fails... that should be a total wipe out.
Similar to Stellar.. but better