jonchan

jonchan

WTF DASH. You guys see that long wick that went all the way to the top of the orange trend line? Yeah that was pure manipulation. If you zoomed allll the way in, you would see that that pump happened in ONE 3 minute candle. I'm not sure what the whales or PnD group were thinking but I am not going to heavily factor in that price action as it was pure manipulation....

jonchan

This morning, the whole market cap dropped by 30-40 billion. Needless to say that pretty much all coins (except for random REP) has gone down 10%+. While the reason is unknown to me, this is the first time I'm excited about buying alts since I see 'discounts'. HOWEVER, even though I am partially a long term investor, I would still like to get the best prices. I...

jonchan

So ICX has lost all of its gains over the past 2 days and we have gone lower. While this is alarming, the critical level to pay attention to now is .000424 level. If the bulls do not show up within the next two days and set a daily higher low, signalling a reverse, then we are in trouble and probably will see lower lows. I'm not sure how low we can go if we break...

jonchan

Several things pop out at me on this weekly chart of LTCBTC on Bitfinex. 1) Its current range bound between .013363 as support and .025052 as resistance. 2) The MA and MACD show a slight divergence. The Pink 30 MA is rolling above the Blue 50 MA which is bullish, but the MACD has had a bearish crossover since March 26th which is bearish. The good news for the...

jonchan

Two days later, QTUM has broken through the first green support at .00219 and now is forming a bear flag on the 4 hour chart as well as an inside bar. This suggests we may see another leg down to around the big even of .002 BTC. From there, I would expect a rebound, that lasts anywhere from 3-5 candles (12 to 20 hours). But first let's see if it breaks down below...

jonchan Updated 

LSK has tested the 50MA (blue) as support in the last 3 days. That to me, weakens it the strength of the support. However, as you can see in the past, LSK has historically bounced between .0013 - .00115. We see the 12 EMA (teal) starting to act as a dynamic resistance AND it looks like it will cross the 26 EMA (orange) shortly - which is another bearish signal....

jonchan

Looking at the weekly chart, we see LSK traveling in a rough channel I drew in white. First, I must say, I don't hold much weight in that as support /resistance but i like to use it to get a rough estimation of our trading ranges. Anyway.... We've seen some bearish developments so far. The past few months have not been kind to LSK. It has been dropping since...

jonchan

QTUM on the Daily chart looks like a consolidation into an equilibrium pattern. It is currently testing the 26 EMA (orange) as support as the 12 EMA (teal) is starting to slope downward. This means if we do not have a breakout in QTUM soon, we will see the two EMA cross and that would be a Bearish Indicator. The MACD has also seen a bearish cross recently after...

jonchan

Looking at the weekly chart, I'm leaning bearish for multiple reasons. 1) The 12 EMA (Teal) is under the 26 EMA (Orange) 2) Looking at the MACD, the blue (fast line) is below the orange (slow line). 3) QTUM currently broke the white rising support line. If it closes below the trend line on May 13th, that means the current uptrend has changed. HOWEVER... Even if...

jonchan

Looking at the weekly chart, the chart is looking healthy and the overall trend appears bullish. ICX has bounced off the orange trendline twice, once in March and another time in April. It seems to have found support on the weekly 12 EMA. We also confirmed a higher high compared to the week of March 23rd, and a higher low compared to the week of April 1st. Volume...

jonchan

In the 3D chart, we can see a bullish EMA cross as the teal MA (12 EMA) goes above the orange MA (26 EMA). This can indicate a longer term bullish trend. We can also see a bull flag/pennant forming and it continues to find support along the 26 EMA. The red horizontal lines are marked as hard resistant points although it’d be wiser to treat them as zones.

jonchan

As we take a closer look, we see some more healthy bullish signs. The orange EMA continues to act as support as we reach closer to the trend line and the upward sloping blue MA (equivalent of 8week MA). I didn’t draw support lines here because ICX seems to react better to the Moving Averages and my trend line. We can also see a few more bullish indicators. I drew...

jonchan

Dash is close to testing the support zone I marked between the two green price levels, .05028 and .04965. If it cannot hold, then we would test the 56 SMA (Blue) area of ~.0487. If THAT cannot hold, then we may see a decline all the way to the bottom of the trend line. If I was looking to exit my position out of Dash, it would either be selling after a break of...

jonchan

KNC has reached the bottom of the descending wedge as well as meeting the green supporting trendline all on the daily. With the RSI showing a bullish reversal and a MACD bull cross. All positive indicators are highlighted. I think we are set for a swing trade at minimum. I think now is the time to buy (.00014 - .000145) *education purposes only*

jonchan

MTL has several trends on different time spans that have really impressed me... You can see a KT cross (blue over teal lines) on the Ichimoku cloud as price action continues to ride above the cloud. MTL has their app still yet to come out... could this be the build up?? More to follow... *Education purposes only*

jonchan Updated 

Looking for ETC to make a move around 2/28 to 3/2. *Educational purposes only* Buying in at .003125 BTC (above .382 fib retracement) or whenever breakout of bullish flag is confirmed. Stop loss below orange trendline. Short term target - .0044 BTC ( .618 fib leve) around 3/15. Long Term Target - .0065 BTC around 5/1. *FIB retracement levels + MAs based...

jonchan

I will be accumulating QTUM at around .0021-.00225 (yellow rectangle) . It has found some support at the .5 retracement level and the 7day moving average is curling up towards the 77. The RSI is steadily climbing, signalling confidence/continued buying activities. The MACD has a bullish crossover as well as showing a W formation (double bottom on MACD =...