There is a possible inverse head and shoulders on Holochain.
HOTUSD is now testing the previous support as resistance at 0.00955 if breaks above, the coin will test the major resistance zone at 0.0097.
Closing above 0.01 will lead to a jump to 0.012 levels confirming the inverse head and shoulders pattern.
ETHUSD looks very bullish with a very strong impulse demonstrated recently.
Ethereum's uptrend was halted by a dynamic resistance, if breakout is confirmed ETH can jump to $3950 and even $4700.
If resistance withholds, it is important to watch for the support at $3160.
Expanding diagonal is on the watch for AKROUSDT pair.
There are key resistance levels at 0.26 - 0.27 levels.
So far Akropolis has been following this pattern well, let's see if it continues to do so.
The cryptomarket corrected today after the release of economic data from the US, the US Dollar index almost hit 93, hence gained some weight over all assets traded against it.
There are various patterns on other altcoins, some like AUDIO even gained more than it lost today but we'd like focus on Polkadot.
So far it's above the dynamic support,...
ENJUSD is about to complete the correction and breakout from the falling wedge.
As a rule wedge has a 5-wave pattern, however to go long, wait for the breakout from the wedge and go long.
EOS might continue the bullish move up to 6.65 if closes above 5.95.
Might as well drop to 5.58 if doesn't close above 5,95.
Key points here is to wait for EOS to close above the high of August 16
Enjin shows a great strength and bullish signs however watch for the closing of this 4H bar.
ENUSDT must close above the previous high to continue the run, RSI is overbought, so trade with caution. Wait for the breakout.
There is a breakout confirmation on DOTUSDT, there is a possible Inverted head and shoulders formation as well, hence expecting a jump towards 27, 27.5, 28.8 and 29.5
Wait for a breakout from 2.260
EOSUSDT looks bullish after the test of 4.6 support.
RSI and Bollinger Bands are very bullish for EOS, these couple of days will be highly specualtive and volatile so trade with caution don't apply high leverage if you trade derivatives.
ORN is about to jump if closes above 8.20. Next target is 9 and if closes above that will go higher to 11 and 12.3
RSI and Bollinger Bands are very bullish although watch for a resistance and the volatility today and tomorrow.
There is a strong divergence of the price against the volume and RSI, usually this is a bearish signal.
COTIUSDT completed the wedge pattern and the breakout from the lower dynamic support will confirm the correction down to 0.2690 and 0.2550
There is a divergence on YFIUSDT!
While the Relative Strength and the Volume is going down, the price is going upwards.
The explanation to this is that all crypto are following Bitcoin but at some point buyers would start accumulating their profits, hence we are looking to short it.