Chart is self explanatory. ( I don't like ultra cluttered noob charts with every indicator )
On 4 hr chart we can see a higher high on price action but a lower high on RSI aka - bearish divergence
So you can sell your zcash (if you wish :) and buy back at 0.017428 around 6.5% profit.
Stop loss above 200MA.
Remember this is a swing trade so it may take some time...
BTC is bounced from the 6840 support and it looks like it is forming Elliott impulse wave structure.
By applying Elliott wave theory and Fibonacci levels, this may be one of the possible scenarios.
Mind that blue slopes resistance because it's an old and strong zone, so BTC may just fall back from there.
But if BTC breaks it in my opinion that would be the...
NEO is down to around $26 and it is now on a new all time low from November 2017.
4 hour RSI is showing a bullish divergence which is a strong reversal sign.
It has a huge potential to shoot right back up to $90 range which is aroun 250% profit.
My play would be to start laddering my positions (Buying in small chunks).
If you want more conformation you can wait...
Bitcoin continues its downtrend from last few days and now people starts panicking, is the bull run over ? are we going down to 4k ? should I sell and cut my losses ? and so on.
There are many types of trader in the market- day traders, swing traders, scalpers, bulls and bears. They look at different time frames and form an opinion about the current trend and...
BTC is at 7710 resistance again. So be active and keep looking for a breakout above this level. If a candle successfully open and close above this resistance then most of the traders will assume that the retracement is over and BTC is going to make another wave up.
Also 4 hr MACD looks good and ready for a positive cross.
However keep in mind that this bounce is...
BNB is in downtrend from roughly 40 days.
Traders observing crazy bull run of BNB from past 3 months will be seeing this as a retracement and expecting a move up.
But look at the chart carefully, you will find that 0.0018500 resistance is too strong and BNB had a hard time breaking it in the past. Now it broke down from that resistance with good volume and also...
Yes, the controversial SYS is back in uptrend. This is the same coin which spike up to 96 BTC per coin (of course that was some shady price action because of a system exploit).
Then it tanked back to 0.00002 immediately (which is to be expected) But the fact is that many bought that coin on higher prices and still holding, gives it chance to pickup pace...
According to this Elliott wave count BTC has a potential to reach 7600 range.
For conformation we need a breakout above 6850 rang with a massive volume.
But this wave count is just one possibility of many.
Looking at the daily chart we can positively hope that it's the end of accumulation phase. Almost at it's support of 2400 Volume is growing steadily above last 30 day avearage.
But there might be some manipulation by whales to acquire more coins from weak hands, so it may dip some more.
Best of luck.