DJI double top pattern formed.
Look for support on the 50,100 or 200 day SMA.
More support lines indicated w/ magenta lines.
This can't go up forever. This is not financial advise, because I am not a financial adviser........ I am just a dude.
This is not financial advise, just shared technical analysis
Resistance levels/targets indicated w/ magenta lines.
Volume has be fluctuating. When/if I enter I will use stop loss (always a must).
Ideal scenario we see price drop to bottom trend line and bounce up.
Happy trading Cheers.
Bearish cross of the 50/100 day SMA.
Current daily conditions are oversold.
200 Day SMA is acting resistance.
7800-7500-7200-6800-6500-6250-5800-5500 are all possible.
If bulls don't decide to take control we could see a bounce. Market is undecided right now, but personally I'm optimistic. This is looking decent for a bounce, even if it's short lived. ...
If 9680 breaks we're looking at trend line support anywhere from 9000-9500
Resistances indicated w/ magenta lines. Those were determined by the 12hr ichiomoku indicator, and basic price actions analysis.
If we seee 9680 break there's no telling what the bottom is, we could easily see price action in the 8k's w/ 5K's as my bottom.
The upside to bitcoin long...
Time to see if this project is going to last or not.
Binance bans U.S. citizens from trading on September 12th. This project is not on Binance, but the ban should bring some more volume into U.S. based exchanges like Bittrex.
It may just be perfect timing for Vertcoin to see some action....... or slowly disappear.
I really like this project, and hope it...
Not financial advise just my personal analysis and chart for tracking purposes.
Expect to see 900-1000 sats short to mid term. Possible we see another retest below 800 sats before going up.
Project has strong fundamentals & team.
Floating around historical support.
Daily MACD is bullish.
Bullish TK cross on the 12hr chart.
I can find bearish and bullish indicators throughout different time frames.
Ultimately... The ascending support line and weekly open are what I am using to confirm bullish/bearish market. Would like to see the weekly close above the weekly open.
@Wabi approaching support between 1300-1250 sats. Hitting bottom bollinger band, as you can see it has done lately on the 8hr chart. A few red candles on the bottom band, then a significant bounce upwards. I will be enterting, but anything under 1250 sats (SL @ or around < 1225) would be an indicator that this chart has not seen it's bottom yet.
#SYS - Daily chart showing ascending price action with ascending support.
50 day SMA acting as STRONG resistance, as you can see it's been tested and rejected many times. A breakthrough of the 50 day SMA (green) would be very bullish.
Breaking the ascending support would be bearish.
Bancor may have bottomed out. Certainly hit ATL. I will be entering with a stop loss, but I'm giving it some wiggle room.
4hr TK cross inside cloud so this could go either way... But hey, no risk NO reward.