Looking at the 4-hour chart for BTC, Bitcoin finally found solid ground and recovered from its low of $3,400. It broke a key downtrend line that now appears to be acting as support. An inverse left shoulder, head, and start of the right shoulder can be seen. A break through the neckline would be a very bullish sign. If it can do that, I think the price will find...
Looking at the hourly chart for BCHSV, it eerily looks like BTC's set up before its smack down. You may want to take some chips off the table until it decides which direction it wants to go. Looking at the price chart, it doesn't look bad and it's finding support on the .5 Fib retracement level. Bullish divergence can be seen as well. However, the price has wedged...
Taking a look at the daily chart for Lisk, we can see several bullish indicators and signs of reversal. Huge bullish divergence can be seen on the MACD with higher highs being made while the price is making lower lows. This usually indicates a reversal in the price action is imminent. The MACD is also approaching the zero line, which would be another positive sign...
Looking at the daily chart for BCH/XBT, we can see that it is sitting at a new all-time low. The price action has been in a falling wedge since last year and is currently sitting on its last line of defense. Nevertheless, there are some positives. The daily RSI is oversold at 26 and is due for a bounce. Support can be seen on the MACD and price chart. BCH tends...
A long-term possibility for OMG. The daily MACD is starting to curve at support and is coming to the end of its pennant pattern. A break to the upside would also be a break above the zero line, both bullish indicators. This could give us the potential to make an inverse head and shoulders pattern if the price could hit the neckline. Now, clearly this is all...
Looking at the daily chart for EOS, we can see the bearish break to the downside. This probably means we are headed to the .781 Fib retracement mark. This should be a good support area and potential reversal point.
Looking at the hourly chart for BCHABC, I like what I see. The price action is in a falling wedge that is near completion and it is hitting support. I'm looking for a breakout to the upside. The MACD is also showing support.
Taking a quick look at Verge's 4-hour chart, you can see it had a huge gain this morning. However, the RSI is at 87 and is way overbought. I put up a Fib retracement and identified some support levels I could see the price falling to as the RSI cools off a bit.
BCHSV has had a very impressive last couple days growing more than 4x. However, there are some potential reversal indicators showing it is possibly running out of steam and could be ready for retracement. We could have an explosive surge of volume pushing us beyond .04 or .05, but I believe this is a great spot to take some profit.
Looking at the weekly chart for XRP, we can see Ripple has performed well of late, more than doubling its price since September. XRP has probably been one of, if not, the best performing alt during these dark BTC days and its price action is currently in a bullish inverse head and shoulders pattern in light blue. This could be the catalyst for a big upward push....
Before I begin, I would like to preface that this is not a trading market with Bitcoin as bearish as it has been. As such, BCH will likely continue to be be negatively affected if Bitcoin continues its descent. However, BCH appears to be hitting several support levels all at once. First support line comes from the falling wedge that BCH has been in since this time...
Looking at the daily chart for Chainlink, we can see that it has been on a tear since July of this year, more than doubling its price. But all things must eventually come to an end and I think Chainlink's run is doing exactly that. At the moment, the price action is approaching strong resistance. The RSI indicators are showing overbought and are demonstrating...
Looking at the 4-hour chart for BCH or BCC, we can see a nice bull flag retracement to the .786 level. With the hard fork tomorrow, I'm expecting some serious volume and volatility. You can already see how much the volume has increased over the past two weeks. The Stoch RSI is oversold and turning about. This is a great entry point for a low risk, high reward...
DGD has had some bullish momentum since breaking out of its falling wedge in mid-September. The daily MACD has not only crossed the zero line, but the zero line is now acting as support. That's a bullish sign. The price action is sitting at the base of a broadening wedge pattern. This is a great spot for a low risk, high reward entry. A good short-term target...
I see several bullish indicators on the VeChain daily chart. 1) The price action has been in a falling wedge since its August spike and is nearing completion. 2) We hit the .618 Fib retracement mark. 3) Support and bullish divergence can be seen on the MACD. 4) The tightness and low volatility of the price action makes me think we'll be met with some high...
Looking at the daily chart for HOT, we can see the price action has found support along the yellow trend. The MACD is also showing support and a turnaround along the zero line. The 4-hour MACD has already broken through resistance. Keep any eye on Holo over the next week or two. We could have a bullish continuation in the price action.
Great entry point here with a ton of upside potential.
Looking at the daily chart for LINK, it has be steadily rising since July. But bearish divergence on the MACD, overbought levels on the RSI, a key resistance level at .000062 and a bearish rising wedge pattern have me to believe it is due for a correction. A fall out of this rising wedge to the downside would, however, set up an inverse head and shoulders pattern....