Looking at this longer term analysis on BAT,
We've seen a sustained downtrend in the past few months, HOWEVER,
Price point for entry is starting to become favourable
- RSI and MACD divergence detected
- Price is testing the trending support line
Watching for volume and a possible reversal.
Buy volume needs to come in, followed by two main requisites
- Break past...
Welcome to this quick TA on Bitcoin
SO WHATS BEEN GOING ON IN THE PAST WEEKS?!
We see that BTC has been bouncing within a descending parallel channel.
Within this channel the price volatility has been decreasing, coinciding with the decreasing volume.
You will notice a resistance trend line (white dotted line) plotted within the larger structure.
This trend line...
Quick TA on our king Bitcoin
We have observed the following,
- Price action trending in a downward channel
- Recent Death Cross printed with price action maintaining below the short MA (in green)
- No divergence observed on RSI (downtrend maintained)
- No divergence observed on MACD (downtrend maintained)
- Volume is diminishing
- ADX + DI bearish momentum is...
Does this mark the end of the short-lived bull market?
- Massive Wedge Structure. Price action will have to break out from the overhead resistance to resume bullish momentum
- Consistently finding support on the 200MA (in red) over the past months, but only to recently fail on this support level yesterday.
Will need to observe as price action retests level as...
Just watching the dominance charts on 'shitcoins'
A large wedge pattern has formed as altcoin dominance repeatedly tests the 5-6% level
This coincides with high in 2016, followed by a cupping action and the massive altcoin explosion in 2017.
Are we retesting the previous resistance as the new support level?
Here we see a huge RSI divergence forming - could this...
First TA on BNB!
Sorry to be the 'BEAR'-ER of bad news, but its looking bearish
Large descending channel has been printed in the past few months of massive volatility, leading up from binance chain and binance dex. 'SELL THE NEWS' right?
Anyway, just looking at the technicals,
BNB has consistently printed lower lows and lower highs, with little signs of...
What an exciting week with BTC
We witnessed a struggle at the 10k mark momentarily, followed by a surge in price action upwards after barely tasting sub-10k levels.
For those 'stop-hunted' at 10k, im sorry...
We see a nice reversal on the MA Ribbon to the uptrend at the breakout zone of the large descending wedge structure, retesting 12k levels....
Quick TA on ETHUSD
We see ETH price action testing the lower bounds of the upward channel
Looking like it is priming for a parabolic advance, so hold on to your seats all you bulls.
HOWEVER, watch out for a breakdown from the upward channel, with the lower bound at the 200-240 range. Bearish divergence on the RSI is forming, signalling bearish impulse and...
Quick TA on the Bitcoin Hourly!
It's been a rollercoaster ride these past weeks, especially in the last few days as massive price volatility has gotten everyone in frenzy.
After a breakdown from 13.7k, down to almost 10k, we observe the failed support of the trend line, testing the 200MA (in red). It seems to be consolidating around the 50% fib retracement. The...
Quick analysis on LTCBTC
Looking like a critical point here, with LTC testing two major supports, 200MA (in red) and the bottom threshold of the major wedge structure.
Will Litecoin bounce? I reckon two scenarios could play out.
1 - We bounce at this level to retest the resistance of the major wedge structure
2 - We fail at this level, and fall to a create a...
Cardano! Shelley! Or just a flop?
Buy the rumour, sell the news? Seems like this is what happened to Cardano, with a nice swing high, breaking out from its inverse HnS, together with much news on the explorer, partnerships, Shelley testnet etc.
Anyway, enough ranting about old news. So what is the chart telling us now?
I'm rather optimistic for the following...
Welcome to an XRP analysis
Have not done one for a while, so i'll start with the observations:
- Price coiling within a wedge pattern
- Forming strong support at the 4100sat range
- This is concurrent with its previous reversal point
- However, notice that price action does not follow the surge of volume
- No clear divergence pattern forming on the RSI as per...
Just unpacking some observations on this 4 hours chart,
- BTC experienced a healthy pullback to the 7500 level, retesting three times at this level, and clear bullish RSI divergence was observed
- This leads me to think that a new support level at 7500 has been established
- Pivoting back up from 7500, we observe the overhead resistance line being tested,...
Simple TA on Basic Attention Token (BAT)
No complex TA, just plain vanilla.
Looking at the longer term support trend, we see BAT testing this support with an increasing divergence on the RSI. The likelihood of BAT pivoting at this point is not clear yet, as it is still too early to tell.
Regardless, I'd say this is a good RR ratio with a tight stop...
Welcome to this quick TA on ICX.
As you can see a wedge pattern has formed while price coils in towards converging Moving Averages. We can also observe price has broken above the all three MAs, returning back to the mean. The other key pattern printed is an impending GOLDEN CROSS formation, where the 50MA is testing the 200MA.
Three critical points to look out...
Welcome to this TA on XLM.
We can observe from the daily charts that we are experience a hell of a squeeze on the bollinger bands as the price coils in within a wedge at around 1500sats. We can only await a breakout or breakdown at this point.
However, is it going UP or DOWN?? That's the big question.
The 4hr charts give us a bit more insight into this. It...
Welcome to a follow up TA on TESLA,
Clear skies this week for TESLA as a good amount of recovery as shown on the charts. this may just be a dead cat bounce, an overextension of the downward price capitulation follow by a sharp recovery.
However, pay close attention to the overhead resistance level at approx $240. What served as previous support down serves a new...
Don't miss out on this longer term analysis, which includes the Bitcoin Halving Events in 2012, 2016, and the upcoming 2020 (vertical lines in green).
This is a combination of 2 main indicators:
EMA Ribbon - We observe longer line in green (indicating sustained uptrend) vs red (indicating sustained downtrend). historically, the red portions are relatively short....