XRP breakout of triangle pattern on increasing Volume. Bearish candles leading into chart pattern were created on decreasing volume = sign of bearish trend coming to an end. XRP could really start to move quickly to the upside.
BTCUSD looks overvalued when measured against Gold XAUUSD. Divergence can be seen on the weekly chart from two different points in the past. There is also a gap that has formed in the BTC futures market that also needs to be filled. So i'm hoping these two factors combined will offer a pullback in BTC to at least fill the gap somewhere between $9,500 -...
ASX listed SVL simple trendline support on daily + seems like volume is decreasing on the down waves and increasing on the upwaves. Divergence can also be seen if you overlay the Monster Cumulative Delta indicator however It gets a bit messy so i left it out.
just noticed williams vix fix is in the green as well indicating a bottom.
Crypto NEXO finding support on long term bullish trendline on the weekly chart. Trendline started in September 2018. Also outperforming its own price when valued in Gold (XAUUSD) From what i have seen this rarely occurs, but when it does a change in trend normally occurs. Long term bullish on this crypto.
Chainlink crypto (LINKUSD) 3 hour timeframe volatility as measured by williams VIX Fix Indicator has decreased which would normally indicate higher prices. however price has remained below green horizontal line. Expecting price to rally in short term at least to above green line.
Just like the weekly chart, this one shows Ethereum ETHUSD priced in BTCUSD, is forming a higher low + when compared to other major cryptos. So my thoughts are that coupled with the longer term weekly
chart, as well as recent fundamentals with bitcoin (halving) as well as current economic conditions, looks like Ethereum has given a hint that the next bullish move...
Bit messy but Here i have compared the strength of some major cryptos priced in both Gold (XAUUSD) and Bitcoin (BTCUSD). Ethereum can be seen as the strongest coin. It seems to be the only one with it's head above water so to speak.
a smaller pattern can also be seen on the daily chart
Triangle / Pennant Pattern on crypto Theta. Has a recent history of breaking out to the upside, volatility on williams vix fix declining so my guess is breakout to the upside.
Previous divergence of vix lead to breakout to the upside not long ago. Current Vix Reading not quite diverging from price but nonetheless it is declining with the pattern forming.
Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.