Looking at the 4-hour chart, we can see that Bitcoin's price action finds itself in a pennant (green), hopefully a continuation pattern upward. Support on the MACD suggests a possible reversal. A move upward could complete the right shoulder of an inverse head and shoulders pattern and send Bitcoin -0.42% to $12-13k. I like what I see!
Lisk looks like it may be completing a pattern here soon on the 4-hour chart. It has been consolidating from its February pump. The price action found support and has been slowly rising since April. I see a bullish cross on the MACD, I think all LSK needs is volume to jump start the next run.
After an incredible run, EOS needs time to cool off. Overbought on the RSI and in an ascending wedge means we're coming down soon. Take your profits and enjoy!
Looking at the 30min chart for Monero, you can see the massive head and shoulders pattern outlined in pink. The price action is currently in a falling wedge on the right shoulder as it hits the neckline which would be its only saving grace. I've indicated some areas of support where the price could see a bounce if the pattern were to complete. There is some...
Hey folks! Looking at the 4-hour chart for LTC, we can see that it has been in this downward channel since hitting its peak in mid-February. It has tested and failed to break the green support line 3-4 times, so I think it's fair to say this is strong support. The price action has moved its way to the upper boundary of the channel where it looks like to may wedge...
Here's a possible inverse head and shoulders idea I have my eye on.
Looking at the 4-hour chart, we can see TRON has been bouncing within this red upward channel. Overhead resistance can be seen on the chart as well as both MACD and RSI indicators. I'm expecting a little bit of a pull back in the short term, which just means cheaper TRON before it moves its way back on up.
Looking at the 4-hour chart, DGD appears to be due for a breakout soon. It's oversold on the RSI, approaching support on the MACD, and finds itself in falling wedge close to completion. I'll be looking for buyer volume as it nears the bottom boundary of the wedge to push the price up and out of the pattern. It is one of the few alts that has yet to see a jump in...
Hey everyone! Looking at the 4-hour chart, we can see that BCH has been on fire since doubling its price last week after being dormant since December. It also recently announced a hard fork on May 15, 2018, which often results in the price pumping until the fork completes and is followed by a quick dump. This is nothing new to BCH. In fact from looking at its...
Looking at the 1 hour chart, you can see TRON's price action has formed a broadening wedge pattern. The MACD shows a bullish reversal as it approaches support. I could see the price taking off from here or remaining in the green triangle pattern. Wait for a confirmed breakout.
Indicators look good, I'll be watching for a turnaround in price action completing that right shoulder and breaking XRP through resistance.
TRON's price action is currently in pennant and it is looking prime for a breakout to the upside. I imagine it's next stop will be the resistance trend in green.
ADA ran into some resistance stemming back from it's high in early January. But it has a nice cup and handle pattern that has formed as it tests this purple resistance line again. Price action has been in a upward channel, so I am hoping for continuation through this overhead resistance. Keep on eye on BTC as well. We are currently in a rising wedge and a breakout...
Looking at the 4-hour chart, Bitcoin appears to be in both an upward channel and possibly a rising wedge. RSI and MACD look great. I'm expecting BTC to make it around the purple resistance line before breaking out of the wedge to the downside.
Looking at the 4-hour DGD chart, I see lots of positive indicators. Inverted head and shoulders, bullish divergence on the RSI, a break through resistance and bullish crossover on the MACD. I'm buckling up!
Overbought RSI, 86 on 4-Hour, 81 on 30 min. It may go up a little more, but I expect a retracement here soon.
Keep an eye out for this possibility.