Ongoing test of lower BB, may spring up to top of channel / BB midline. Close to 36.000$ mark, more or less. That's current resistance area. Be careful, that's playing with fire.
I don't like OMG anymore, personally. Yet it may still have some speculative value. Watch out for a breakout. IF it manages to confirm those wedges it may show some significant upside ( +50% to +100% ideally). Still, be very cautious with low cap coins such as this!
DOT may see a strong appreciation towards Bitcoin within next months, if the latter won't crumble. Keep an eye on both.
> +30% upside possible short term. +100% or more possible within few months. Do your own diligence.
With a supportive Bitcoin alts market may end with another surge up after the one in sept/nov. In order for that to happen a confirmed breakout of upper channel bound is needed. For now it's on the edge. Watch it.
Price is nearing FIB 1.618 of the whole run up to previous ATH, close to 30.000$ mark and nearing +50% over previous ATH. Hash rate indicator seemingly flattening ( see red line ), usually a good hint of a high forming. We have a green TD count=13 on the weekly TF, meaning overstretched price. Price rushing up well over upper BB, diverging lower BB hinting...
Still unclear whether it will break through. We have an ascending triangle, but RSI is close to historical top. Let's see wekly close.
Awaiting further signals: we have a bullish pennant forming. On confirmation i would expect a further test of resistance, looking for a breakout. Failing to confirm, this pennant may turn into a flag eventually. Anyway, as you notice both MACD and RSI seem not much supportive of a proper breakout for now. So let's look at hypothetical plan B. I'd like to...
Failed bearish megaphone (see 5), Falling wedge, weekly TD count=9, oversold on almost any short timeframe, capitulation ongoing. I wouldn't exclude it's a nuclear bomb just about to explode in the hands of BNB holders. So ? Then i accumulated Long. Will look back in 3/4 months. Likely best or worst trade in a while, eager to know.
Diamonds are unpredictable, watch support. Pretty similar on Bitcoin as well:
Once more a word of caution, short term. There are divergences and volume is low and falling. Seems to me a big move is coiling. Bias suggests it may be down, unless bitcoin can breakout that rising wedge any soon. I don't see any volume hinting that, so far. Just have some caution, have a TP.
Ethereum got straight to support and FIB 0.618 area after hitting a diamond. Some indicators on 4H hint a bounce may not be far. Volume peaking RSI / Stoch RSI oversold TD count 12 So watch it. Flip of the coin: failing to see any kind of reaction from here a furtter dip to 500$ would be likely.
Interesting pattern, with falling wedge intersecting support. Many alts show this kind of figure. We have a weekly TD count=9 looming. I'm watching it for the next few days as opportunitis may show up.
ADA failed to signal a Long back in October. There's a new opportunity now, one month later. We have a falling wedge, bullish divergences and a bottoming CMF. Technically it's still early to call it a Long,you may wnt to wait for a wedge breakout. Personally, given current levels i think it's good enough already for accumulation. DYOD.
Ascending triangle forming. Watch MA20/W acting as support. *If* the latter holds the whole Alt markt may pump once again.
We have some bearish divergences forming. Rising wedge and volume going down. I suggest watching it for the next few days, as there's an increasing chance to see a quick move down close to the 15.000$ mark. Have a TP set.
This is a (huge) 2-month timeframe chart. I think it conveys a simple yet quite effective view on the trend. Watch Parabolic SAR and Bollinger Bands. We've an extremely bullish scenario above the 10.000$ mark. Upper BB breakout and rising volume needed. Looking forward to these last two months of 2020.