Same thing happened with tron, everyone was saying tron is dead, why bother... Why? accumulation for over a year's period. How many of these coins have I seen? Dozens? How many made massive moves when they broke out? Almost all of them. It's best to buy low. Now is low. People will start talking about it when it's up 2x
Here's a weird descending wedge on the monthly. Could be pretty bullish in a few years lol. For the time being, probably just gonna flip flop inside there.
Looks like we're out of a descending trend now. LOOKS like it, although the unpredictable nature of this coin makes it difficult to say for sure. If the hook down is confirmed, we could be seeing BIG markups soon. Hope none of you got stopped out and rekt like I did with the previous price action.
TRX may need to cool off a bit before we continue. Looks like a HnS formation may play out as the volume is decreasing with price increasing.
Just posting for future reference in case it makes a move. Watching this one like a hawk because it's so new.
Text is in the chart! Compound is still looking good to go! Buyers seem to be stepping in slowly as sellers continue to try to push the price down, this is evident with the percent decrease from each major pivot high on the correction and the respected trendline and fibonacci retracement level.
This is my third recent post on COMP but I can't help but clarify what a potentially great opportunity this COULD be. Let's take a look at a few things. First, we just retraced from the top of the recent swing high to the 0.618 retrace when drawing the fib retracement from the aug. 2 low. If you draw the retracement from aug. 11, then you see we just touched the...
Correction is slowing down. Sell pressure continues to push the price downward yet in a more controlled and slower manner. Double divergence on MACD: histogram and signal lines are moving higher as the price continues to move lower. Correction may continue, but if the divergence plays out, we may soon be seeing a continuation to the upside.
Comp SEEMS to be following fib levels to a T. from the early August low to the previous high, we see the price is currently retracing to the golden 0.618 level. From the Aug 11 low, to the previous high, we're retracing to the 0.786 fib. What's amazing about this is that they line up perfectly, and looking again, one can see that the price has been playing within...
Thanks to the ETH and BTC pumps today, ZILBTC is revealing a bigger picture here. Descending parallel channel. Could still be fairly bullish.
ZIL formed two descending triangles, one which broke down and then quickly recovered after a bounce from the ascending trend, and then another which eased it's way out sideways and then broke to the upside. This break put ZIL outside a greater symmetrical triangle which it's now sitting on top of and is seemingly forming a descending wedge. Lots of bullish action going on.
Welcome to the buy it and forget it zone, it won't last forever.
VTHO is in an accumulation between 0.0015 and 0.0017. Don't know what this thing does or what it's purpose is, but joining in on this accumulation might yield some nice gains if we see a breakout. We're seeing higher lows and higher highs which is showing that there is continued demand.
VET good to go on both usd and BTC pairs. Support resistance flip, trade still good. Looking for a 25% move to the upside from here at minimum.
Here's an interesting observation, take a look at the chart. 'Double top' on the rsi in both instances happening after a break of a descending trend line to test the local high. Very cool. Might be interesting to also look at the VETBTC chart for more info on what could be happening. Trend is still bullish on both the daily and 4hr.
VET appears to be breaking two trendlines on the BTC pair while the USD pair is showing a nice support resistance flip at around $0.02
Trend is still to the upside, currently appears to be breaking out of a large descending channel/bullish flag type pattern. Good to see that VET experienced a somewhat lengthy correction.