smyelar84

smyelar84

Hi there, Been a while since I posted any analysis. Nano has been looking extremely weak for a while now and an apparent H&S formation has been formed with the neckline broken. The end game target for this pattern appears to be around 0.0003, so watch out for those levels in the next few weeks. I could be wrong about the H&S pattern though, so this is not...

smyelar84 Updated 

Hi there, Looking at the graph for Neblio, we can see a convergence of lines from the ATH (thick black line), and the other peaks beginning to converge into a focal point with the current line of downwards resistance. We can also see a convergence from the MACD and also from the RSI, seemlingly wanting to meet at roughly the same point. The fluctuations on the...

smyelar84

Hi there, So as we've all now seen, Bitcoin has seemingly failed to breakout from it's now, well-publicised, head-and-shoulders pattern. However, all is not lost. There is a clear supporting trendline around the 10750 level which could offer a rebound. Also, I've not seen many people spot this, but the last main H&S pattern we had also had a failure (purple...

smyelar84 Updated 

Hi there, Another bear flag formation appearing on the 15 minute chart. It looks like this market hasn't finished going down. If this was investment advice, which it isn't, I would trade with great care within that flag. Try not to get caught out! Smyelar

smyelar84 Updated 

Hi there, So Lisk's rebranding event is coming up today in roughly 6 hours (Doors open 7:30pm CET, 6:30pm GMT with livestream an hour later). The chart is looking rather tasty. We've just crossed upwards from the undersold territory and a breakout either way seems imminent. As it's the rebranding event later, I would suggest it will break to the...

smyelar84

Hi there, Here is another attempt from myself at some TA. The last time I mentioned Bitcoin, I asked you whether you thought we were in a bear flag. Looking a bit more closely at the channel I drew at the time, we can now see a clear top and bottom pattern emerging as Bitcoin has been rising. Currently, the 200 EMA is being very resistant as none of the four...

smyelar84 Updated 

Hi. Here is my first attempt at technical analysis. I've chosen NEBL as it was one of the first coins that I saw explode during the start of the year as I was just finding my feet in crypto. As we can see, it's been having a pretty rough time of it lately (as has the entire market) since its highs on the 9th of January. We had an attempted rally on the 16th, but...

smyelar84

Hi there, Only my second attempt at TA, but I've been noticing micro bear flags all day in BTCUSD. So I thought I'd zoom out and check the daily chart. Looks like a pretty convincing bear flag to me. Any one else have other thoughts? Smyelar