EOS/USD about to have a golden cross on daily. Last time this happened in april 2019 and price went from 4.20 to 8.65
I think all the signs are pointing towards us getting the annual april rally a bit sooner and most crypto tokens are about to gain 2x in value over the coming weeks
and this time the rally should be extended, 2019 was a golden cross then death...
ETH still needs to get above $200 USD as a resistance IMO
but I think if it can get above the 200MA which it's looking like it wants to do...
We may have a blast off situation and head back to test that $360 usd level
(Bottom of green bar), long term resistance/support
High point of 2019
Not FInancial Advice!
BTC broke upwards out of the falling wedge it's been in since mid 2019.
This is usually a very bullish signal that should take us above the top of the start of the wedge and beyond, i.e. above $14k and higher in the next few weeks-months.
Especially with the halving coming up in may.
Price should drop back into the wedge, IMO shouldnt go lower than $7700 or...
NEO above 200MA and very close to making a golden cross again.
Last time this happened was in Apr 2019 and price went from $10 to $24
Also, last time was a bit of a dud signal, but after another year of consolidation, this new golden cross should kick off a much bigger bull market
Falling wedge + retest of the descending trendline it broke above on Oct 24th.
Test of $7500 is possible, I don't expect breakdown below it, and favor the chances of a bounce and continuation of bull trend.
ARK dropped a lot recently in ETH value.
Looks like we've made a positive RSI divergence on the daily, and this should be a signal for a profitable trade to get in with potential to double ETH holdings targeting around the 0.002500-0.003000 ish level.
This is not financial advice
My opinion only (I could be wrong)
BTC could be in a wedge formation now.
Typically a bullish setup but no guarantee.
If this pattern resolved textbook style, we'd be looking at a breakout to the upside around 22-24 July, with a target of around $16,000 BTC
This is not financial advice
My opinion only.
trends tend to have 3-4 angles of acceleration, I think the bull trend is still strong and we are yet to get a blowoff, the problem is if it happens too fast (in the next few weeks), we risk a possible repeat of 2017 with a huge spike up and then a crash back down
I'd like to see it consolidate more and move up more slowly so that we can get a sustained move...
Bitcoin has gone vertical and this is price rise is unsustainable IMO.
However, it's possible it gets pushed to the ATH to form a double top just under 20k.
This could happen quickly, within 1-2 weeks if the 2017 pattern repeats.
The dump will likely be harsh, back to 12k or 10k.
Alt coins will then hopefully start to pump hard and that'll bring us back to...
Ark has created a wedge since Feb 2019. If it behaves classic textbook style then a breakout should be due around the 66% mark of the wedge, which is anytime between now and the next 3 weeks or so.
If it behaves well, expected target could be as high as $1.37.
This would probably happen in combination with alt coin rally as I've been expecting for the last...
Just a complete guess how the price action will behave running up to the halving.
Historically the price started running up 5-8 months out, so that would put us in range of around OCT 2019 to start the run up, and I expect between 16k-20k by the halving in May 2020, and then a boom to 50k+ end of 2020/early 2021.
The above, combined with how we ran up so fast...
Even though ICX is up 2.4x since it's bear market lows, I feel it's still severely depressed compared to other altcoins.
BTC is up almost 3x, ETH is up 3.5x, LTC up almost 6x and there are other coins up even more than that. I'd expect ICX to have a big run at some point in the coming weeks to play catchup. They're supposed to launch staking for their coin in Q4...
I've played around with this GANN fan for many months and it does seem to be fairly accurate.
If this is placed correctly, BTC could rally to about $10500 till the next GANN fan line resistance.
This is also backed up by the fact that BTC pulled back from 8500ish to the 6500ish support and straight back to 8k again. Bulls seem to have the upper...
EOS/USD chart technically looks very strong for a move up IMO
it's built a really nice base and the previous resistance became support
If we get an alt rally (which I expect), and potentially some sort of announcement on the 1 year anniversary from EOS from something big, then there could be a really big move up in EOS like we saw last year