Details at chart.
Still bullish divergence which should play a little bullish at chart, sooner or later.
Still we can have in memory big potential descending triangle (expanded) with unclear (yet) lower line.
Bearish target from symetrical triangle reached.
Big descending triangle - out of it?, or fakeout or enlargement lower line from 0.015 to lower line?
Pretty interesting chart to watch imo.
XMR will have more sideways or it will go with new leg below 0.01.
100ema test at hourly failed.
We had 3 sequences (green), now I can see possibility of 4th sequence; bounce to around 0.011 and boring sideways.
Of course if we break 0.01 with good volume, we will see new leg down (red way).
This is an update to my previous ETC chart but it's also new idea so I'm publishing it here.
Whole inv HS idea is well described at my chart: tradingview.com/chart/ETCBTC/PAsGsOcd-ETC-inv-HS-bullish-scenario/
So what's new? Ascending triangle (white) which is corresponding well with inv HS target.
Target inv HS ...
ABCD and incoming E?
Bull or bear?
I see potential ways:
1st way is most bullish and it can go fast with 45k+ signal of make ascending triangle with green 45k line with ending even in OCtober
2nd way is making E in triangle at upper trendline of sym triangle and bearish ending. It should lead to 30-35k double ...
ETH is close to lower line of ascending triangle. We saw 3 times test of 200ema in triangle and 4 times test of 100ema. Those 4x 100ema testing showed weakness of bullish trend in ETH imo. So ETH should back over 100ema at daily chart ASAP or will test 200ema and that would be dangerous for ascending pattern which ...
We see typical inverse Head and Shoulders pattern at 1-4h and now we're forming potential Right Shoulder.
200ema at 2h was resistance and we tested 100ema and again went down.
ETC should spend some time around .618 and should go up near Ichimoku Cloud.
Statistic (Bukowski's work) says that around 2/3 of inv HS ...
Watching Dash. If it won't go now with bigger downward move below 0.0187, descending triangle will end up next ~2 weeks. What's next? I have no idea, I'm neutral od Dash now and I recommend to wait. 200ema on 4h acting now like support (or should act as a support like before). Good luck.
Well, all details as usual at chart. We have potential double bottom, bullish divergence, breakout of falling wedge (with 2 versions of lower low).
1st and a little shy target should be around 0.5-0.618 fibo, a little above 1h Ichi Cloud and near higher line of 1h BBands.
If ETC will break 1.0 fibo, it can to 2nd ...
All details at chart.
We saw 2 triangles with bullish continuation. First was symmetrical triangle, second was symmetrical or ascending (with upper line @45k). Now, we spiked a lot and touched upper line of channel. Lisk will go above this channel as soon as possible or will stay into it and will form (white) ...