EOS has been in a downtrend since long and the value has depreciated a lot in the past few months.
People have a love-hate relationship with EOS and it's justifiable too! xD
Let's check come important points here!
1> Broke out of the falling wedge on 16 July.
2> Approaching the end of the symmetrical triangle.(Which can break in any direction)
The price depreciated by 18% or so in the last week itself and was moving in the falling wedge.
Last night, it broke out of the wedge and is now moving between the parallels i have tried to mark.
A good amount of scalping can be done using the parallels marked in the chart.
This chart is better for a scalper or a day trader, investors stay away!
All the marked...
WAN has been in the continuous long term downtrend since May starting and the price has depreciated by almost 87%.
It has been moving inside the falling wedge for quite some time now.
The price has been continuously getting rejected from the basis line of the Bollinger bands.
The price action is so weak that it is not even able to cross through EMA(12). (See...
ICX has been in the continuous long term downtrend since April end and the price has depreciated by 78%.
It has been moving inside the falling wedge with a good slant slope which means a great selling pressure.
The price has been continuously getting rejected from the basis line of the Bollinger bands.(See the circles marked with Pink colour)
Now the price is at...
With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin .
We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns...
The market cycle which started in the late March- early April with accumulation, is now approaching it's end with the final markdown phase. Possible reversal may occur here. A new cycle can start here with a new accumulation phase with a plenty of upside potential.
On the downside, if it continues to fall then i see a support somewhere around 0.0498. If it...
With Bitcoin plummeting, Altcoins are heading towards grave. That is why i have stopped using chart patterns for a while for altcoins because they are all so much dependent on Bitcoin. We all have been noticing that if BTC falls a few percent like 2-3%, altcoins take a way deeper dig to around 8-10% or so. So, it's better not to use traditional chart patterns...
The price has been moving between parallels and i see a formation of Right angled broadening wedge which can break either way.(I am just worried for the Volume)
Some scalping can be done using the parallels marked in the chart.
If you are a swing trader than stay away.
This chart is better for a scalper or a day trader.
I am really out of time today, gonna...
Hidden Bullish Divergence has been spotted on BTC USD chart.
For those who don't know about it, hidden bullish divergence Indicates underlying strength.
It occurs during a correction in an uptrend when the oscillator makes a lower low while the price action makes a higher low. This indicates that there is still strength in the uptrend and that the correction is...
Apologies to everyone for not posting this chart earlier. I made it 3 days back when NEO was around 31 but forgot to post it. Let's not delay it further now!
NEO has been moving inside symmetrical triangle which is about to get complete. The uptrend line of the triangle has turned about to be a great support till now and the resistance from...
Ethereum Classic moving in Ascending channel. Looking sweet to take in some long positions. I was about to post this last night, but got occupied in some important work. Since, then the price has appreciated by 6%.
The Risk/Reward ratio for this trade is: 4.61, it it manages to test the resistance line again.!
For those who don't know how to trade parallel...
EOS has been falling 6 June. The price has depreciated by 52%. At the moment, EOS has found support around 100k satoshi level and had a good rebound.
EMA(9) smoothed over RSI has generated a Buy signal on 4-H TF.
A look at the MACD:
Currently, it is moving under...
Tron has been moving inside the wedge for too long. It's about time it tries to breakout of it.
The RSI was hovering in the oversold region and now has taken a sharp u-turn to comeback within the channel.
RSI smoothed over EMA(9) has generated a Buy signal on the 4-H TF.
EMA(26) is acting as resistance atm.(See...
Ontology has been falling freely since 7 June. The price has depreciated by 68%.
It is moving below 9-day EMA which is a big problem. It is now moving into a critical zone, 0.786 Fibonacci level.
This corresponds to 0.0003575 BTC. The RSI has been way too oversold for so long. It's just a matter of time when it reverses.
It should rebound from the 0.786 level...
Just wanted to post this quick update so that you guysdon't miss this opportunity.
Fallng wedge + Inverse Head & Shoulders spotted. Plus, EMAs are about to make a Bullish crossover.
(I can post the chart with in depth analysis using indicators if people need it, but as for now,...
GNT is trying to breakout of the falling wedge. Notice that it is moving slightly under EMA(12). If it is able to break above it then we can expect some upwards movement.
Alternatively, if it is unable to breakout of the wedge then it will fall down towards the bottom of the wedge to the next support region from where it will try again to move upwards.
After touching the support line on 12 July, the price appreciated has by around 23%.
It moved from 460-ish region to 500 region since last night after the pumping of BTC 1.23% .
There are 2 noteworthy points and these are:
1. It broke out of the falling wedge and retested it successfully.
2. It broke out of the ATH 0.72% downtrend line(but haven’t tested the...
Let's look into current situation of Bitcoin and try to get a glimpse of possible scenarios.!
An inverse head and shoulder can be seen forming on the 2H, 4H, 1D chart. The target is around $7700. But it can only be reached if BTC is able to cross 6800 with good volume. Currently, 6.8K level holds the key to further movement. If we get rejected,...