We're taking a look at $OMG because the Quant Market Scanner recommended that we take a peak at these guys (their price action is noteworthy over the past few days).
We're going to start with on the one day resolution.
Above we have a case of a classic overhead downtrend resistance (short-term) that's been broken (with...
For this price analysis, we're going to start on the daily resolution.
We'll also be using Kraken's USD markets as our frame of reference for the price.
Augur Price Analysis
In the chart below, we can see a **strong** underlying diagonal uptrend support that's been carying the price for a weeks (at least):
Surprise - we're taking a look at Tron!
> "But, Tron is a scam, isn't it? What about Justin Sun?"
Justin Sun is undoubtedly a character that has failed to show he possesses the competence required to efficiently run a billion dollar multi-national corporation / organization.
However, as we've covered many times before - factors like these hardy have an...
Its been a little while since we’ve looked at the blockchain project that essentially serves as the de facto ‘godfather’ for nearly half of the entire blockchain space.
Let’s see what’s been going on with its price action in recent days/weeks/months.
From a panned out view on the daily resolution, there’s a large pennant (whether bullish or bearish is...
This analysis is going to be a pure review of the technical factors surrounding Bitcoin since there’s been a furor of price action over the past few weeks.
Let’s start off by taking a look at the EMAs for Bitcoin on the daily resolution:
Dissecting the chart above:
1. The golden line = EMA50
2. The purple line =...
After hitting the needle on its head (once again) for Bitcoin in our last price analysis, we’re going to go ahead and use this opportunity to deliver a follow-up on the price to get a grasp of where Bitcoin may be headed next (if anywhere, at all).
There were a million reasons to be ambivalent about Bitcoin’s price action and, as expected, it is having trouble...
One thing that we have not looked at in quite a while, is Daniel Larimer’s coin! EOS.
Let’s see how they’re doing. For this price analysis, we’re going to stick with the USD charts and the USD charts only.
EOS is in a situation that’s somewhat similar to what we saw with Bitcoin Cash where the price is leaning right...
It has been way too long since we’ve had a Binance Coin price analysis! This one is a bit interesting because so much of the positive price action for Binance Coin has been predicated upon F..A, rather than strict technicals.
In addition, the volume for Binance Coin has been through the roof as well this year and $BNB is the best performing coin out of all major...
At first look, Litecoin’s price action is extremely bullish.
First, we can see that the price for Litecoin has soared through the roof since the end of 2018.
There are a host of other notable observations that can be made for Litecoin as well, but let’s check out what a ‘zoomed out’ view of the daily resolution brings us first:
Analysis is provided for on all of my social media channels (check the link).
This is another rare idea that has been posted without charts underneath it because I did not take the time to actually get the links for all of those charts. Sent everything into the Discord, ask one of them for it.
Thanks! If I'm wrong, then RIP me for life :(
We were able to successfully predict Bitcoin’s price action before. But at this point, it appears as though long positions are actually becoming increasingly more dangerous by the minute.
The purpose of this price analysis will be to explain this all below.
Let’s start with the weekly resolution for Bitcoin, because we haven’t looked at that one in quite a...
Disclaimer: Not only is this not financial advice, the author feels that it would be wildly irresponsible to continue to invest in the markets given the high propensity of a black swan event occurring in light of information pertaining to Bitfinex/Tether.
However, there are those that still wish to continue their forays into the markets, so this investment...
Looking at Monero on the H4 resolution, here’s the first thing that I’m seeing:
Looks like the price of Monero (USD) was bumping up against this overhead horizontal resistance for a little while before eventually breaking through (with volume).
That large bump in the volume...
Its been a little while since we've covered Litecoin and it appears that Litecoin is still the 'it kid' on the block as of right now, so let's see how its going.
It is super hard to look at the chart above and not see a massive bull pennant staring you back in the face.
This is the H4 resolution by the way.
We're not going to post a bunch of lofty charts for this one. This is the moment of truth for $XRP. Either it goes crazy and jumps through the roof, or it drops through this super long-term support point and the losses are massive.
This is a *major buy* idea.
Here’s the first chart that’s noteworthy for Stratis:
The golden line in the chart above = EMA-50.
As we can see, the price has interacted positively with the EMA-50 after crossing above it on the H4 resolution.
The volume is below the 10 period average for the last few periods, which isn’t really concerning because...
Since Ethereum has been surging over the last few hours, let’s go ahead and check out its price action to see what may be next for investors.
The first thing that we can observe on the price chart for Ethereum on the daily resolution is that the EMA-200 (purple line) is looming directly overhead to serve as a resistance...
Since there has been some more slight movement for Bitcoin, we’re going to go ahead and take a look at the charts and see if we can detect any interesting developments in the indicators or the patterns that would lead us to believe that something will happen that is not in accordance with our prior forecast.
Bitcoin Price Analysis