About meExpert analysis of candlesticks, fractals and Ichimoku Kinko Hyo. Mainly crypto. Zen trading style.
GRIN-BTC looks to close above conversion line (blue) for the first time on weekly timeframe...
Which gives a nice bullish signal and a grin on your face after a long downward trend since February '19: the signal is confirmed on the weekly close 00:00 Monday, June 17th.
Basically, it means buy on the week's close if and only if price is above 0.00040961.
$1.055 - daily close above, upward movement and momentum continues.
$0.952 - daily close below, downward movement and momentum kicks in.
Good old Ichimoku cloud suggests AEON price is at equilibrium near $1.50 by the end of June.
As you can see the first green Renko candles look to be formed on the weekly chart, confirmed once June 2nd price action closes - AEON-USD needs to maintain above $0.82-$0.83 until June 3rd.
Only once in AEON's history has the green Renko reversal failed as a bullish signal - in Feb 2018
As you can see, from November 2017 to January 2018, a strong upward trend...
Looks like BCH-USD will close above the conversion line ~$366 by the end of May.
A monthly close above conversion line (blue) will be considered bullish and the next fractal resistance on the monthly timeframe is $1834.80.
Resistance suggested by the lagging line (purple) is $1348.
LTC block reward halving: litecoinblockhalf.com
Lots of people suspect block reward halvings boost the price of the cryptocurrency, we've seen btc-usd advance after block reward halvings.
Did you see vertcoin VTC go from under $1 to almost $12 in the three months leading up to its halving in December 2017?:...
Reddcoin is a bit like Dogecoin $DOGE, i.e., it has a strong community - it's got at least 40,000 to 60,000 people if we take Reddit/Twitter followers as a proxy. This puts RDD in the top 25 cryptocurrencies for Reddit subscribers, while by market cap it's at number 97.
Pumped twice massively in 2017/2018. With RDD-BTC approaching the floor of the big green...
The upward trend-line starts from the beginning of the Ichimoku cloud turning green from sub-$450 up until now.
The Ichimoku cloud however has now turned red giving the first indication of bearish momentum and the start of a downward trend.
The downward trend-line, if respected, should provide a good selling opportunity at present. This will be further...
close below conversion line @ 1.4575
bearish momentum expected to dominate
market now looking to break support @ 1.4550 (base line) and fractal support @ 1.45258
SL @ 1.45998
TP @ 1.45258
Ideal entry @ conversion line @ 1.45770
ETH-USD is testing the double-top using Renko candlesticks.
BUY signal given at first bullish Renko candle closing @ $13.30722
Fractal resistance at $14.24424 and market is currently staying afloat above this level.
Therefore, bullish momentum should dominate over the long-term.
A break above $15.18126 will see the formation of another Bullish Renko...
There has been a break of fractal support at 113.416 so strong downward momentum expected in short-term.
Also, the market has recently closed below the conversion line suggesting a higher probability of a downward move compared to previously when the market was above the conversion line.
Next fractal supports lie at 113.276, 113.25, 113.22 and 113.15.