Ether and BTC always take their time to make big moves. Possible bullish divergence on RSI and price action shown in the orange arrows. It could be because the 12 hour chart is still in motion and another drop could be coming. But its in the process of a descending wedge (reversal pattern).
Also nicely lines up to the 0.236 fib level.
Could still drop towards...
BAT has been ranging sideways against BTC, likley to make a push of around 65% over next few months. Likley to go up around 65%
Trade set up including stop loss is on chart. Support and resistance lines in red and green
BAT is good project with very solid tecnhicals. Showing signs of new market cycle starting, probably aiming back for $1 as a psychological barrier but after that looks very strong.
Ive marked a possible channel by cloning the support trend line a the bottom and moving it up (both have the same angle) Trends often bound within parallel channels, could break out...
BTC Log chart.
MACD bull crossover on the Weekly chart
$40k possible next target in the wedge pattern. In the buy zone now of the ascending channel.
This is likely to take a while to play out, probbaly late 2019-2020
Yes someone calling a short and actually meaning a short not a 'short term' idea.
Seriously people need to learn basic trading terms.
Anyway everyone seems to be calling long on XVG and longer term Im hoping so too, but volume is pretty pathetic at the moment and unless there is great news out tomorrow there isn't much momentum upwards, saying that the 12h Stoch...
Has kept mostly within the upward channel, only broke above below by a small margin and now back in. Will probably range side ways before its next big push, I don't think this is going to drop too much, probably around 1200 at the lowest. Still bullish long term