COMP recently broke out of its resistance forming a higher high.
It is now retesting the very same resistance flipped support and seems to be holding well.
Open LONG position here and sell if the 4H closes below the line.
This line also happens to be the 50% fib retracement level.
MACD also is trying to flip green indicating a confirmation of bottom.
QTUM Hit the 78.6% fib retracement.
Holding strong in this region. Looks like a good support.
RSI is showing bullish signs.
Bitcoin is starting to show weaker volatility which is a good sign for Altcoins.
FET is forming a Bearish Cypher pattern against BTC, with the CD leg forming as we speak.
Price Rejected at the 1.272 Fib extension, confirming the formation of a cypher.
Also forming a falling wedge, indicating an upward relief rally.
Bearish cypher pattern - CD leg forming
Bullish divergence on the 4h to the daily chart.
Historical performance, although not a guaranteed factor of performance, shows similar divergence on the daily with a pull back of 30%. This time, however, the pullback might be below 20% as the pattern is of smaller magnitude.
Have fun, stay safe!
Reliance bounced back on the straong trendline support. I'm expecting it to hold.
MACD Supports the statement.
Pennant forming on the chart. While indicates continuation.
Note that Reliance Industries has a very positive market sentiment despite the covid hit economy. And is currently in price discovery!