Good Morning folks!
MACD - Bearish
Ichomoku - Bearish
At the same time we have a strong #Support at this point. If it sustains we can expect it to move towards 9-9.2k range. In case it breaches the support line, 8.4-8.5k should be its next destination.
I will keep an eye on its progress and keep updating.
If you divide this chart in two halves A and B, you can observe similar patterns in both the halves. A1 and B1 are exterior resistances followed by A2 and B2 as interior ones. A bull run was observed once A2 broke out in April which ultimately helped it breaking out at level A1 too. At present B2 has broken out and it would be interesting to see if it helps...
Strongly my opinion: C&H is the most overrated indicator! I wouldn't put my money on this coin which has gone 16x in last 4-5 months.
People who like and trust C& H formation can put their money in this coin after doing some researches. I couldnt find much news/events on this so be careful before buying a pumped coin.
I would prefer buying some other coins...
Even after a correction $EOS is still overpriced. Buyers should do enough researches before buying this coin. Why not it be any coin, correction always happens after a certain pump. BTC has come to the floor still EOS has maintained a mcap of over 10b which is quite huge for this coin. #DYOR
$STRAT forming a falling wedge pattern in last 6-8 months or so. If it is supported by volume and a clear breakout, expect it to touch .0015 in near future.
This is one of the solid coins which everyone should have for a long term, the best price was at around .0005 couple of weeks ago.
Everything looks bullish at this moment. Right now sitting at a very crucial price zone. Wait for the break out at around 8400, which may ultimately pump it towards another fib 0.38 level, i.e 10700.
Right now it is pumping above the cloud and MACD is quite supportive with a good volume.
$BTC is bouncing off the strong support at 6400/6500 quite often. This seems to be a strong fort for $BTC which may ultimately help it pumping towards $8400.
First falling wedge pattern helped it touching 0.381 fib level and I expect it to do same this time also.
If you follow the chart of past 3 months you can see $MTL is following a perfect predictable movement bounded by a good support and resistance region.
The FA side is also quite strong here as MetalPay app is being tested and anytime could be delivered.
$XVG - TA and FA both are strong here. The $XVG team knows well how to pump the price, they are going to announce some big partnership on Apr 16. I expect it to pump until April 14.
IF YOU LOVE TO PLAY WITH FIRE, YOU CAN BUY USING A STRICT STOP LOSS.
Honestly I am not a big admirer of C&H formation, still other indicators are quite bullish.
Don't forget to #DYOR
$BTC is capable of making a giant leap. If it follows the past trend we shouldn't get surprised if it touches its all time high in next few months.
The double bottom at around 6k might play a very important role in its reversal.
It has already gone through a 70% correction and have a very strong support at 6400.
This is a long term target, in short term I...
$BTC - The second falling wedge might follow the 1st one and pump the price towards 8300 after bouncing off 6100 area. Before that $6400 has been a strong support and it has held the prices 3 times in a row. This multiple bottoms at 6400 might pump it hard towards 10k in a few weeks.
If it breaks out and goes above the current resistance zone expect it to touch mid 60k followed by 80k. If gets rejected once again it may drop back to 40k, its long term support line.
If Metal Pay app was not going to be released 40k looked more promising, but this time it has some big news and expect it to pump towards mid 60k. #DYOR
$BTS looks like bottomed out here and expect a reversal from this strong falling wedge formation. It has been almost 3 months of downtrend and a breakout could be seen here for another possible bull run.
This is an interesting coin, each time it makes a strong rebound after a huge bear spell. #DYOR
$BTC - So far showing an expected behavior. Gained almost $1200 in last 24 hours based on #G20 news, but derailed slightly based on Venezuela statement. If price falls, 2 strong supports are there to hold, which would make a healthy double bottom for a major gain.
The breakout can be seen here and #G20 news and American congress report is making it quite...