TRX BTC ready for potential breakout.
It's forming a symmetrical triangle pattern that can potentially breakout upwards. The 4HR MACD looking popsitive for upside momentum.
Will keep an eye on volume.
breakout around 0.00000908
FIB 1.272 (0.00000975)
ADA Cardano may be forming the right shoulder to a head and shoulders pattern. Although the 2-4 HR charts are showing a reversal in the MACD, the 1D is looking like it has room to go down.
As you can see by the black neck line, it forms a perfect channel with the dotted lines at the top, we could be in an ascending channel or possibly a broadening rising wedge, in...
Kyber KNC is looking pretty good right now.
The cup and handle pattern is completing, I am suspecting in the next few days it will continue heading a little lower. The MACD looks like it could dip but also ready to turn around soon.
We will either see it break out towards the upwards. There is always a chance it will go down, so set your stop losses if you...
IOTA lookks like it's building up to a breakout from a triangle pattern in the next few days.
Candles are riding low on the bollinger, and volatility is dropping. RSI looks ready to swing back around again also.
It will likely hit this previous high, and then hopefully find support and continue higher to 1.618.
XLM Stellar ppears to have been pulling back for the handle in an large cup and handle pattern.
The handle is more of a symmetrical triangle, and it appears it's about ready to breakout now.
MACD looking bullish.
Looking for a breakout and close above the triangle lines around 0.000043
points of resistance a long the way:
Here is an analysis of 3 coins all with a cup and handle formation in progress.
ADA, ICX and XLM looks to be forming the handle pull back portion to their cup and handle.
The red dotted line on each chart is the cup rim and the line to break out above. I will provide the target measures in a future post if we get a confirmed reversal at the support points...
NANO looks to be forming a symmetrical triangle in possibnly a larger cup and handle formation. It's a bit loose but keep a close watch for a break out.
A candle closing on the 2 or 4HR will be entry. Stop loss anything below.
Fib 0.618 (0.0009026)
the larger picture
WEED is looking pretty gooid, setting up for a descending triangle formation ready for a breakout really soon.
Wait for confirmation of a breakout for entry, somewhere bewtween Fib .236 and 0.
Set stop-loss a little bit below entry.
I'm expecting more resistance around the 0.618 (32.03) and 32.53.
Take profits below each resistance.
Looks like XLM is running pretty hot, way more bullish in its breakout in my post from a few days ago. My guess is that with the current momentum, the next stop will test the top of the cup rim at 0.00004745. It will be a good opportunity to sell for profits before the trend shifts to form the handle.
Watch for the bottom of the handle formation as it will be...
I’m bullish on ADA. I think it will continue to find some more support in the Fib 0.236 range, but will inevitably breakout to continue the larger trend, which is a giant cup and handle.
Look for resistance at Fib 0.5 (0.00003448)
Here is a view of the larger trend on the 1 Day.
KMD having formed a giant parabolic cup in the last few weeks is coming up to a handle formation.
It is now moving downwards in a channel forming the handle and possibly nearing the bottom and ready to break out to the upside,
target (in green)
0.0005695 or Fib 1, whichever first
Points of resistance:
Fib 0.5 (0.0004952)
Fib 0.618 (0.0005122)
Just waiting for that pull back from the current bull trend for the buy in. Cup formation will be complete around April 25-26th? I'm already thinking of the breakout once the cup is complete, can't wait. Will keep everyone updated.
Looking at the 4HR charge, it's appears a flag has formed, there is a chance it will break upward, but it can also move down.
Entry would be above the Fib 0.236 (0.00020138), wait for a closed candle in the 2HR or 4HR before entering.
points of resistance
Fib 0.5 (0.00021385)
Fib 0.618 (0.00021942)
WAVES is currently in an ascending broadening channel upwards, but I think it is in a a process of a failure and will break trend.
As you can see, the pattern has touched the bottom channel 3 times and is now losing steam to break out higher. It has broken out of the flatbase pattern and met its target, but it's showing a bit weaker signals in the MACD which leads...
The tweezer candle formation at April 5th confirmed the change in trends, it created the bearish deflating downward trend.
But from it, we can see that there are small steps of higher lows, and lower highs, forming this really shallow and long symmetrical triangle.
I've overlayed a Fib time zone to check thetrends, it is close in lining up with where my channels...
ETH failed to break out yesterday from its cup and handle formation, the pattern looks like it is re consolidating in to an ascending triangle like most other coins at the moment, will it test the resistance at 531 again?
This will require closely monitoring over the next 24 hours.