Looking at the Daily chart for QTUM, I like what I see. We have a nearly completed falling wedge and a bullish MACD with a solid cross over the zero-line. This is bull territory. I am eyeing the bold yellow dotted resistance trend. This resistance has knocked down all attempts to break it since August of last year. If QTUM break this resistance level, that would...
Consider this buy opportunity in Silver. Many are surprised that Silver hasn't followed Gold, which finally broke its 6 year long resistance trend. I think that Silver buyers wanted to confirm that the breakout was real. I think now that they have confirmation, Silver buyers may make a push of their own and breakout beyond Silver's 6 year resistance trend...
I've been seeing a lot of people on TradingView saying BTC is going to the Moon and that it's going surpass the previous ATH . Be very careful in this scenario. Greed is setting in and people are seeing $$$. When that happens it may be a good time to take some profit. It is possible that we have another several thousands dollars to go up, but the price cannot go...
ARK's daily chart is looking very good. It's got a nice rounded bottom on strong support. Bullish divergence can be seen on the MACD and it's approaching the zero-line. The price may bounce between these pink and white trends. However, once it breaks the overhead resistance in white, I think the price could really fly.
Taking a look at the 4-hour BTC chart, you can see the journey Bitcoin has taken since its lows in December. Since that time, it has been primarily the BTC party as Bitcoin has gained 3x in 6-7 months. However, that party is slowly coming to an end and the alt coins, which are at all-time lows, are starting to show signs of life and start a party of their own. I...
Looking at PAYBTC's 4-hour chart, the price action has been in a falling wedge technical pattern for over a year and it is nearing completion. The price has formed a nice rounded bottom and broke above two resistance lines. Huge divergence can be seen on the MACD. If we break this pink overhead resistance trend, I think we're off to the races and could be in line...
A quick one here... Decred's daily chart looks to be in great position for a bullish run: 1) Nearly completed falling wedge 2) Hitting strong support 3) Bullish crossover and bullish divergence on the MACD
This is my take of what to expect for the next 2-3 years for the Dow Jones. Right now we are in the calm before the storm, but the indicators are there and they are showing an imminent correction soon. I believe that the government bailout in 2008 (TAARP) only compounded the severity of this upcoming correction. The price is showing a triple top at the moment. I...
Taking a look at the daily ETHBTC chart, we can see that Ethereum has been trading in a triangle since June of 2017. The price action is nearing the end of the triangle, which could mean incoming volatility if we can get a breakout above the solid pink resistance trend. The price is flagging at the moment. I have my buy order ready above resistance in case we...
Here's what I'm looking at on TenX's daily chart: 1) Massive falling wedge near completion 2) Repeating fractal whose next move would be up 3) Price is on support - Look at what happens when the price has hit support 4) Near bullish crossover on the daily MACD with a distinct flat bottom reversal pattern that occurred in the previous fractal Keep this on your...
Looking at the daily chart for Silver, we can see a solid push from the $13.11 range in November to over $15 in February. However, since hitting strong overhead resistance this run appears to be losing steam. The ADX which measures the strength of the trend appears to have double topped. The MACD is showing bearish divergence as well. There is still a chance for...
I couldn't help but get a little giddy after looking at BCH's daily MACD this morning. So I gave the chart a closer look and here is what I found. (**I'm using the BCHXBT chart from Kraken for a more complete price history.) DOWNSIDE ARGUMENT BCH has this repeating fractal after a large pump which it has completed five times before. The current price action is...
Walton is one of my favorite alts at the moment. The 50MA just crossed the 200MA (Golden Cross) and the daily MACD is showing a bullish cross over the signal line. I'll be looking for WTC to make some big jumps in the coming days.
Against my better judgement I had assumed the current price action was following the price action starting in March 2017 due to the similarity in patterns even though I saw the January 2016 pattern as well. I was looking at the daily chart which showed a much more volatile pump in 2016 than the one we have now and moved on to the more proportionate and similar...
Keep on eye on Verge and consider adding it to your portfolio. XVG is one of the few alts that has yet to jump and recover since last year's bear market and it has the ability to fly. I also noticed a two hump pattern (in light blue) that preceded the December explosion. We have a slightly similar set up to that now. Is that a foreshadowing of things to come?...
Looking at VTC's 4-hour chart, the price is finding support on a key uptrend line that has sent the price soaring 3 times before. Let's see if it can make it a 4th time. When I look at the 3rd jump, I see the price caught support along the 100MA and then broke through it landing on the uptrend. It had a nice 25% pop back over the 100 before it really took off. If...
Looking at FunFair's daily chart , the price is testing the upper boundary of a falling wedge , which is a bullish pattern . Huge divergence can be seen on the MACD and it has crossed the zero line. If Fun can break the overhead resistance, it could have a strong bull run of its own after a 14 month bear market.
Bitcoin appears to be falling out of its rising wedge. I'll be looking for it to catch support at these levels.