Keep an eye on NEO. Looking at its daily chart, we can see the price action has broken above the downtrend, has rounded its bottom, and is moving upward. The MACD is also demonstrating buy signals with a bullish cross over the signal line and it is very close to crossing the zero-line. NEO has never been this low so scoop some up if you get the chance, and earn...
Be very careful here. I think XRP is approaching strong resistance with BTC about to collapse. The setup isn't the strong and there's bearish divergence. This spells recipe for disaster. Perhaps buy the breakout on strong volume, but I think XRP will get rejected hard. I will wait for confirmation.
BTC's H2 chart is showing resistance on the MACD. The price is also demonstrating weakness as we approach the MA50 and the end of the pennant. Looking within this bear flag pennant, we have failed to get above the previous support level and have been stuck in the bottom half of the pennant. The odds of probability suggest a continuation to the downside so be...
Looking at the Daily chart for gold, we can see that it has fallen out of the blue ascending channel which it has been riding in nicely since $1,250. It appears to be showing a head and shoulders pattern with the right shoulder collapsing out of the channel. I'm looking at $1,450 and $1,425 as rebuy levels, the latter being my head and shoulders target. Gold will...
I'm playing this really cautious here. You can see an obvious bear flag which hit the resistance level that sent the price falling from $9600 level. The MACD is also showing resistance at the zero line with a bearish crossover. I indicated some support levels where the price may find support if it breaks to the downside. We may have another strong sell off so be careful.
XRPBTC held up much better than the vast majority of alts during the BTC collapse. You can that since the big breakout beyond the 2 year long downtrend that XRP is showing a beautiful bull flag that is currently testing the upper boundary. This is a strong continuation pattern, especially following the BTC dump. The MACD also looks very good with a bullish cross...
CIVIC's 4-hr chart is currently catching support on the MA200 and is squeezing the price against overhead resistance. If support can hold, be on the lookout for a break to the upside. The MACD also has zero-line support and a supporting trend so the support is there. If we break through the pink trend, look for the price to find resistance at the blue trend or any...
DASH's 4-hour BTC chart is looking very bullish. The price has caught support on the the MA200 and is moving on up. The MACD is also curving at support and has a near bullish crossover. There are several support levels if DASH retraces a bit, but I think this is a good entry point. I've set some possible reversal areas where there might be strong...
WABI is one of the hottest/most bullish alts on the market today. I like a lot of what I see in its current price chart. First of all, I see the price is resting on a confluence of support levels, the key one being the pink uptrend which has continually pushed WABI's price higher on each touch. WABI also has a nearly completed inverse head and shoulders pattern...
The uptrend is holding for now, but will we complete the inverse HS and or break support and complete the big HS? We'll know soon enough. If we break through the uptrend, the most likely path is down. The Head and Shoulders target is ~$6300. The Inverse Head and Shoulders target is ~$12500. Error on the side of caution and sit this one out until Bitcoin decides...
Looking at the daily chart for BTC, I can see arguments for both the bulls and the bears. These are just a few of my takes on the current market and where I think we are headed. CASE FOR BULLS Looking at BTC's price chart, you can see a beautiful ABCDE Elliott Wave triangle, which is a bullish continuation pattern and it suggests further upside action. I...
I'd like to begin by stating the obvious that this is pure speculation. But looking at the BTC daily chart, I noticed that we have a inverse head and shoulders pattern setup (in light blue). If the right shoulder completes, the IHS target is around ~$12,600. We would need a little over-exuberance to get to the July high of $13,200. But even if we came up a little...
WABI has been hot of late and I think it is going to continue its uptrend. It is currently completing its Wave E corrective leg down, so I will be watching for reversal support to kick in and start the next leg up. The price has even jumped a fair amount since I started writing this. Considering the height of the last pump, we may have a big inverse head and...
Bitcoin is repeating the same price action it did in late July/early August when it was at the bottom on the pennant. I'll be looking for BTC to hit the top of the pennant around $11,200. From here proceed with caution. This resistance area has sent the price crashing several times before. May want to play it safe and take you chips off the table until BTC...
Bitcoin's latest pump caused XRP to sell off beyond its key support level, which is now acting as resistance. And as if XRP didn't need more bad news, the Daily MACD shows a bearish cross over the signal line. With Bitcoin priming up to hit its $11,200 target at the top of the pennant, I imagine XRP will continue to sell off. I indicated some possible support...
Just a repeating pattern I saw with Wanchain. Be careful of it repeating to the downside.
IHS setup Target: .00000900
Looking at the 4-hour chart, Bitcoin has fallen below the uptrend support and has failed to get back above it. It is in a bear flag pattern and is approaching resistance on both the MACD and price chart. The last time it hit this resistance level the price went crashing. Be on alert!