Watching $PAY closely as it nears a break out from the descending wedge.
Plenty of bullish signals. My entry would be on a confirmed break out and retest of the top wedge resistance turned support. A strong bounce there will indicate the beginning of a potentially strong bull run.
$NXT trade setup. Previous target reached in a couple of days (95%). Next leg looks promising with $NXT currently trying to break out of a bullish pennant. Conservative entry above break of resistance for a 35% profit. $IGNIS airdrop December 28 on Bittrex will likely help push the price up.
TenX Pay Token in retracement. Looking for a retracement to between 0.5 and 0.618 fib levels (grey box bottom) for an entry.
Next move up 50-60% profit target based on fib extensions and previous swing highs.
Order book is still sell biased, putting some downward pressure on the price which is not moving very much at the moment. However, the break up out of the bull flag, bullish RSI, MACD, and AO make me think that Storj is about to begin a bullish rally. Profit target calculated by measured distance.
STRAT has broken previous swing peak and still in rising channel. RSI has room for another smaller movement up before a retrace (maybe 5% up). I would wait for a small retrace before buying in. Next targets around 25% and 50% profits.
Yesterday we saw BTCUSD's biggest dip since 2015 with a whopping 48% drop to 10k levels offering a great entry opportunity for newcomers and a chance to accumulate BTC for seasoned cryptotraders.
The dip created great entry points across the board, particularly with ETH and LTC.
Hopefully we will now see a period of consolidation in BTC between 15k and 18k...
BTCUSD seems to be an unstoppable force of nature! But as we all know, what goes up must come down....it's just impossible to know WHEN!
The above chart is my take on a possible deep correction after hitting the 15k psychological level (not that it stopped at 10k so it might not even stop at 15!). If it does correct, now, at 15k, at 20k, wherever, it will be a...
ETHUSD Closely following along with BTCUSD as ETH's price approaches strong resistance levels in the 500 zone.
Bearish divergence (rising price falling volume) and a bearish RSI indicate a weakening bull run and time for a correction back to previous support levels.
BTCUSD Does what it does, when it wants! However current TA is bearish by all accounts! This is reinforced by a weakening RSI in the oversold region and MACD seemingly reaching another peak. The rising price with steadily decreasing volume indicates bulls are getting tired and the run must soon correct to previous support levels.
Whether it manages to correct...
Prices rounded off nicely to form a perfect base for a cup and handle pattern.
Currently at the top of the handle. RSI and MACD indicating the start of the dip to form the handle.
Wait for the dip, and confirmation of a rally after a green candle above the lip of the cup.
Bull flag forming on the general uptrend.
Entry point after bounce on up trend line (blue) and breakout up from the bull flag.
Looking for a strong breakout signal (above average volume, strong RSI) indicating the up trend is resuming.