alexcrypto

alexcrypto Updated 

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 Bearish scenario The picture above suggests a more likely bearish...

alexcrypto

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...

alexcrypto Updated 

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...

alexcrypto

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. With...

alexcrypto Updated 

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. If...

alexcrypto Updated 

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...

alexcrypto Updated 

Are Bull still in charge of this Bitcoin phase? The chart pattern that is developing suggests a Bullish bias. After a short correction/consolidation we have stabilized in the low 8000 area. This is a good sign that there is more to come in the near term for a BTC rally. 1. PPO still neutral/bearish 2. Volume is decreasing confirming the pattern 3. Stoch is in...

alexcrypto Updated 

GAS has been falling steadly and seems now that has reached the base of the triangle. Coupled with a sharp downtrend of BTC we might see a bull run towards the previous high at about +60% A solid volume on breakout and stop losses on the way around the FIB retracements can help minimize drawdowns for sharp change of direction. Trade Safe!

alexcrypto Updated 

EOS had a good rally as per my previous analysis with all target achieved (see previous idea below) Now on the Ichimoku cloud we expect to turn bearish and retrace to 1.7244 initially and if the 382 retracement broken, to 1.6194 where we find stronger support. Entries can be sought only if support is broken at 1.85 or below with significant momentum on the...

alexcrypto Updated 

EMC2,has developed a rising triangle with bullish bias shown on indicators/oscillators. Wait for a solid break of the pattern before entering the trade. At the moment the bullish momentum has stabilized and primed for a big move. If broken downwards we have weak support at 0.00001419 and a stronger support at 0.00001163 Trade Safe.

alexcrypto Updated 

After the positive breakout from my previous analysis (see related idea below) IOT is ready for a brief correction before continuing the bull run. At the moment we have bearish divergence on all the indicators 1. PPO divergence 2. Stoch struggling to point upwards 3. RSI divergence 4. MACD is bearish 5. CCI divergence A triangle structure has formed confirmed...

alexcrypto Updated 

After this last rally, bearish divergence is fully matured and developed across all indicators. 1. PPO is bearish 2. Volume is decreasing as price rises (sign of weakness) 3. RSI is diverging 4. MACD is pointing down and bearish 5. CCI is diverging bearish We might start to see a correction after a last weak push towards 8300+ A first retarace can bring us...

alexcrypto Updated 

As per my previous related idea below we have another structure formed that could be useful for an entry on breakout. Bearish bias is present on all indicators and a correction might be imminent. The triangle structure could be useful to time an entry with a target to 7600 dollars. Wait for a solid close outside the structure and keep an eye on volume for...

alexcrypto

We finally broke this significan chart pattern. After a very long consolidation, ETH has start to move. Volume increase confrims the pattern breakout. - MACD has turned slightly bullish - Stoch still solidly in the overbought area signalling a strong momentum - RSI is bullish - CCI has bounced bullish The first target is a retest of the ATH, 390 dollars. If we...

alexcrypto

A bullish pennant has formed. Indicators offer conflicting signals, a sign of consolidation: - Stoch is oversold - RSI has a bullish divergence - MACD has crossed bearish but not at a steep angle - CCI is gently sloping down showing a possible bounce 2 possible scenario: Bullish , we will retest and most likely exceed ATH with a short term target to 8200...

alexcrypto

After the substantial bull run until 19 dollars, ETC has been consolidating in a triangle pattern. BB are compressing and an imminent move is probable. PPO is showing hidden bullish divergence. MACD is nearing a bull cross. CCI has bounced bullish. Eventual targets: - Long trade +15% - Short trade -12% (support is at the 15 dollars area) Trade safe.

alexcrypto

Short term view of IOTA suggest a triangle formation with bullish bias due to the recent bull run. TP for long around 9.8% and beyond if double top and previous ATH broken. TP for short -6.2% towards support. Trade safe

alexcrypto

Pennant formation on the NEOUSD pair, short term trade shows signs of a probable bullish upswing to 30.5 In case of a breakout on the bearish side we find support on the 27.5 area