We start to see a formation of an Adam and Eve double top.
It is quite early to clearly see this pattern but volume and indicators suggests the likelyhood of seeing this formation.
The pattern will be confirmed when the neckline is broken at 12,750 dollars.
All indicators have bearish divergences and pointing bearish.
If we fail to produce...
BCH similarly to other altcoins has bottomed and volume started to flow in.
If the bullish pennant plays out it can mark a start of a significant BCH rally has there is much more room on the upside (see my previous analysis)
1. PPO is following the bullish trendline
2. Ichimoku cloud shows that the price has entered the kumo with a bullish TK cross
3. RSI and...
NEO has finally bounced off the bottom and indicators favour a bullish momentum developing.
1. PPO Bounced once again on the bullish trendline that intially showed the bullish divergence
2. Ichimoku cloud has crossed bullish and price has entered the kumo. A cross to the other edge is likely and it will signify important bullish cross on longer timeframes.
The only way to make sense of Bitcoin price action even in the logaritmic scale a fibonacci fan could come handy.
We broke the upper trend line when we passed 9,000 dollars in this parabolic momentum.
The new support is what was the old upper trend line and more support is given by the fibonacci 0.75 line.
We are in the direction to test the 0.618 line at...
ETC had a significant bull run lately then the price start to depress due to the raging rally of BTC.
Likewise other alts we are resting at a very low support level and a big move is brewing.
The pattern could lead us to a 300% increase with several take profit points to minimize risk.
Indicators have clear bullish divergence and showing...
NEO price is resting on a strong support line at the moment with indecision shown on the latest day candle.
BTC price rally has depressed several altcoins and most of them are resting on very low support lines waiting for major movements.
We have a potential of 300% upside with several Take profit points as indicated by the fibonacci...
IOTA had an unprecedented bull run but seems like that after the last rally we might start a correction.
We already pullback around 35%, and we are now resting on the Kijun on the 2H chart.
Indicators are all pointing bearish and this could be a turning point.
A descending wedge has formed and has bullish bias. If price breaks on the upside we...
ENG has made a debut on Bittrex recently. The coin is searcing for pricing and has held well the BTC rally to 14,000 dollars.
Based on price action for this young asset seems like there is quite a good potential at the breakout of the bottom trendline.
Potential gains are in the order of 30 to 68%.
A more conservative entry can be played at the top line as per...
BCH has reduced significantly trade volume and price has been severly depressed.
This symbol has been consolidating in a triangle for about a month following the explosive rally.
There is potential for a total 175% gain, it is safer to take profit along the way at this retracements:
- TP1 +90%
- TP2 +108%
- TP3 +175%
A strong breakout with...
After reaching previous targets of over 300% gains for my previous analysis. I believe long term IOTA has more potential for a price increase.
At the moment, after the last rally a short term correction is in placeand will see price correcting a maximum of 21% before new high.
We topped at previous heights and the Resistance line comes from previous heights in...
MIOTA has seen a magnificent rally to this new heights. As predicted from my previous analysis.
We had a nice pullback for profit taking hitting a resistance at 2.1 dollars.
Looking at volumes seems like this is a flag of the initial pullback from ATH.
Volume has been very weak to sustain this price increase and we had solid volumes on the way down,...
BTC USD has slowed its rally to new ATH and is consolidating nicely in the 11,000 area.
Indicators show multiple divergences with bearish bias. Also a rising wedge pattern with bearish inversion tendencies has developed.
We are now sitting at the bottom of the trendline forming the wedge and showing signs of topping.
We are consolidating in a pennant. The chart pattern itself has bullish continuation bias but indicators tell a different story.
- PPO bearish divergence
- Stoch bearish divergence
- RSI bearish divergence
- CCI bearish divergence
- MACD is bearish, confirmation with histogram turning bearish
The picture above suggests a more likely bearish...
BTC/USD has sought impressive volatility in the past few days.
We are now established in a downtrend in a channel, Fibonacci channel lines can help us to see the bouncing points and resitance/support levels.
At the moment the price is sitting between the 0.5 and 0.382 retracement.
Indicators show an interesting story:
1. PPO has pointed bullish
2. RSI bounced...
A fibonacci Fan correctly suggests that this wave has lost steam.
We are in the channel between the 0.75 and 1 line.
At the moment breaking the base line is quite unlikely given we had an incredible moemntum until now.
A more likely scenario is a retrace to around 10400 and then quite probably higher.
Fundamentals are strong to justify a continued rally.
NEO has almost reached the last support line that we have in our technicals.
If the bullish scenario plays out we will see increments in stages following the fibonacci retracements as per the chart.
Previously NEO has followed quite closely retracements and could be a case also on the way up.
There are 4 Take profit points on the way to make this trade safe and...
The rise of BTC has depressed several alts, and ETH is on the list.
A simmetrical triangle has formed, price has channeled down loosing over 25% from the last rally. I believe the bullish momentum of ETH is not over yet.
Technicals are all on the oversold area, and an hint of hidden bullish divergence has generated on PPO and RSI, and is quite clear on CCI.
At this point BTC/USD has started some lateral consolidation, an healthy sign after the significant run to almost 10,000 USD.
From this point a consolidation with a retrace is much needed to generate more support underneath and make this rally sustainable in the medium term without major corrections.
Looking at the overall picture an ascending triangle has...