it's easy to see that ADA's downtrend is not likely to reverse anytime soon, the MACD's gap is massive and there's a lot of space down in RSI.
More important, ADA is about to test its longterm trend line (at ~0.062), and I'm sure many smart traders are waiting to sell short there ( that's a text-book short ).
With that said, it's super unlikely for ADA to moon...
So many many bullish indicators and signals that I could easily find in the chart
- Passed above the cloud ( 1D, 3D )
- Passed the strong resistance at 0.45 and already found support there.
- All momentum indicators look really good.
This is a "must" long position, can escape easily if the price closes below 0.45 ( 1D or 3D)
Steem is going to the end of Symmetrical triangle, it's going to make a big move in the next couple of days. And I'm more biased with a Bull move because it's just passed and found support above the Cloud, some momentum indicators also lead to the same Bull conclusion.
That's for Technical Analysis. For Fundamental, Steem is no doubt the most undervalued altcoin...
Lisk's just passed the 3D Ichimoku Cloud, the last time Lisk was on the Cloud was on March 2018, more than a year ago.
The last time Lisk passed the cloud, it made a 17000% move.
So. let's see if this time Lisk can make such a move, from 2$ -> 340$ : )
ADA is in its 5th wave and gonna be struggling a lot to get pass the 0.1$ range but I think eventually it will be able to penetrate that area with pretty low volume. The big dump will begin at ~ 0.11$ and it might take ADA back to the 0.07$ level.
With that said, don't be afraid that you're missing out. Just wait patiently.
Bitcoin is struggling to move up in order to complete its 5th wave ( ElliotWaves ), can see that easily from the huge divergence in RSI.
Next couple of days, we may see a lot of fake-outs & bear-traps ( just some characteristics of the 5th wave ). But I truly think that the real sell-off starting at around 10k. the dump might bring Bitcoin back to the 6k zone (...
As seen on the chart, the downtrend structure is not likely to be completed yet. At least 1 more wave down to (hopefully) ~ 3k5.
And keep in mind that even 3k5 is the mostly scenario, it's still the best scenario for Bitcoin bull. since this structure can even send Bitcoin to 2k4 or even 1k7.
But I root for 3k5 because of the incredibly strong volumes in the...
No need further explaination, 0.618 retracement from the previous wave plus some some minor other factors. I'm almost sure that we're gonna see some significant support at that price follow by some big and impressive green candles.
The chart explains it all, basically, we will rise in the next couple of months ( to 6k area ) and then for some freaking reason, things turn ugly and Bitcoin will have a 50% drop to 3k to form the double bottom. And that is the last time you'll ever have a chance to buy Bitcoin in that area.
This is not investment advice, basically, I just interpret what the...
bullish RSI divergence,
hit super strong support
All the Fib extension & retracement look real good ( I don't post because it makes the chart looks messy )
So how to play this?
Just buy in now, it's gonna take a while before it lifts off because it's facing tons of Resistance ( ichimoku cloud & the ribbon ), but when volume kicks in it's gonna be fast
Double bottom, big bullish divergence on RSI, OBV. Crossed and Found support on daily ema7. ema7 is about to cross ema25.
It has all the bullish signs and I would be very surprised if some big green candles do not appear in the next couple of days.
Layer ur buys at below 0.00055 BTC, it's the 0.618 retracement from the previous wave and QTUM is very likely to switch trend and we're gonna see a rise to test the previous high ( with is almost 35% profit ).