If this plays out, which appears to be likely we are going to see GNT consolidate before shooting up to the .618 extension levels around .41.
I'm looking at a re-trace due to the oversold RSI levels and a bounce off of the .5 fib re-tracement levels.
*Fingers Crossed Kappa*
If momentum keeps up I think we will see Golem coming to a nice bull toward the .618 fib extension level.
We can see that the daily candle looks set to close above the Komu Cloud, yet again. This usually tends to indicate bullish movement, we just need volume to follow up. Luckily, as of late we do also see increasing buy volume.
It's possible we see a small...
If this cup and handle plays out on FUN with the bullish news of partnering with Spike Games and their full-beta launch just around the corner we could see an uptick here.
I'm shooting for the .618 fib extension level if this plays out and indicators such as being above the Ichi cloud lend credence to this theory.
Trade safe happy and never risk more than you...
It appears that OMG as broke out of an inverse head and shoulders pattern and looks to move toward the .618 Fibbonaci extension levels.
We can also see that the daily MACD has crossed and that the RSI levels are prime for lift off, especially when the daily closes above the cloud!
Cheers and happy trading!
I've been watching FUN for a while now and it's an amazing project to take a look at. They look poised to disrupt the online gaming/gambling industry by LICENSING a platform for which end users can run their own casino or integrate games into their existing platforms.
It appears that FUN is about to fill out a cup and handle pattern to the T with all indicators...
Bitcoin has retraced to the .618 Fibonacci levels and you can see it has touched this level at least 3x in the past. I think we will see a bounce off this and a continuation upward over the coming days.
ETH seems to have broken the mold and the Daily MACD has crossed as well as the RSI indicating an upward move.
We should be looking at the fib levels to make trades and take profit. All indicators beyond the ETH wallet hack are looking positive in correlation with BTC's segwit2x signaling and soon to be activated.
Keep up the good work and trade smart,...
It seems that we still have not confirmed a bullish daily reversal candle stick.
RSI is a good indicator that we are still oversold, however this could carry on for a while.
It's my opinion that we will see continuation of a downward trend leading up to August 1st and the BIP implementation as well as activation of Segwit 2x. I'm going to go out on a limb and...
We can see the RSI is indicating this is still heading upward.
Macro Fib Retrace levels are seeing support at $312.
Short term resistance appears to be around $327.
Short term support appears to be around $302.
If we break $327 I think we could see a sharp jump up to around $360, bullish boys, bullish.
BTC seems to have broken it's Head and Shoulders pattern and is looking to continue an upward movement based upon Elliot Wave 4.
If BTC breaks down, look for the 24% fib retrace level@ $2500 for hefty support.
Will BTC hit $3300 before August 1st?
Only time will tell, cheers.
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Today seems to be a key day for ETH with an important conference happening, which could shatter some of the TA being put out there. Market Psychology will trump TA's if the will is strong enough.
The formation on the 6HR chart seems to indicate lower highs forming with a bear pennant formation occurring.
Be on the lookout for a couple of key levels and entry...
The daily time frame looks to be finishing the pennant around June 22nd, which happens to coincide with 2 blockchain conferences.
We should see another break out and stabilize above 400$