fran_sal

fran_sal Updated 

BTC is currently rallying to wave 3 on the 1hr chart. On the chart, wave 2 hit bottom at 7155 at the .382 levels and is currently rallying to wave 3 which might be around 8900USD. Wave 4 is expected to retrace between 7,900-8,200 USD before completing its wave 5 around 9000-9400 USD which is at 618 fib level of the previous ATH. I took a trade at 7400...

fran_sal

I saw the potential head and shoulders pattern yesterday in which I drew a blue dotted neckline. Today it got broken downwards instead of bouncing up from the neckline with volume confirmation of heavy selling pressure. Hence I'm seeing two scenarios where BTCUSD will be headed. Scenario 1 would be by plotting a downward elliott wave which will hit between 100%...

fran_sal Updated 

Looking at the elliot wave patterns, looks like LTCUSD recently completed waves 1 and 2 which bounced at the 386 ratio (around USD 130). For the elliot wave to be confirmed, rally should continue upwards to wave 3 within the next few hours. MACD and RSI both looks good. By tracing the Trend Based Fib Extension, wave 3 will hit at around above 100% between...

fran_sal Updated 

Short term bullish divergence found on the 1hour chart? We might be expecting a short term bounce before hitting a resistance at 7,500 USD and then dropping down to the 5,000 to 4,800 USD levels. However, I'm waiting for a bullish candle to form before I enter trade. Trade with caution.

fran_sal Updated 

Looks like we're going to test out the 13,000-13,200 USD support once again. It's already been tested twice before from a couple of days ago. EMA 10 and 30 shows a bearish crossing, including a RSI at 41 levels shows a clear bearish sign.

fran_sal Updated 

Looking at the elliot wave patterns, looks like LTCUSD recently completed waves 1 and 2 which bounced at the golden ratio (61.8% around USD 135). For the elliot wave to be confirmed, rally should continue upwards to wave 3 within the next few hours. By tracing the Trend Based Fib Extension, wave 3 will hit at around above 100% between USD190-210, which will then...

fran_sal Updated 

Buyers are currently exhausted, giving dominance to sellers which are early investors that are currently realizing their profits by selling some (or even all) of their positions. At the Daily and 4H chart, there is a clear bearish divergence from CCI and Stochastics indicators confirmed by a strong sign of reversal from the peak candlestick with a very long wick...

fran_sal Updated 

Previous resistance turned support at 6000-6100 sat levels, let's test it out for the next few hours to see it it will bounce back from that level but overall, it looks similar to previous ride last May. RSI looks bullish at 76.9178 EMA 10 and EMA 30 shows bullish signs We have the volume to push this price higher Target (1) 0.00008600 (2) 0.00009700 (3) 0.00012000

fran_sal

ADABTC is still bullish on the charts by looking at EMA 5 and 30. CCI also shows bullish at 181 readings. If we breakout from the current resistance at 0.00004700 levels, we'll see ADA soaring to 0.0007485! RSI and MACD also have only good news to say about CARDANO with these levels: Something good to read about Cardano. oracletimes.com

fran_sal Updated 

EMC2BTC Bittrex at the 1 hr chart If uptrend and resistance line 1 is broken, bullish. Target levels at 14200, 15600, 16800 levels (looking at past levels), and maybe beyond. However, if support line 1 is broken, bearish. Stop loss at 12700 MACD and RSI levels looking bearish, but what goes down must come up! Wait for confirmation then decide. Trade at your own risk.