thedailychartist

thedailychartist

Just a quick note to say that $BTC.D just tagged 41.40%, the measured target of the double-top formation. Perfect timing too considering what's currently happening in the market. Will $BTC dominance rebound a bit from here? I suspect so but incoming days/weeks will tell for sure.

thedailychartist

Watching current price as it sits at a key resistance level in this consolidation. A break higher could trigger a measured move higher (at the least).

thedailychartist

We could be seeing a breakout soon. Needs a daily close to confirm and price to watch (for me) is 220. Not trading advice.

thedailychartist

Letting the chart speak for itself here. A 4hr close above resistance level could suffice as confirmation but a daily close is always better. Not trading advice. DYOR.

thedailychartist Updated 

If bears fail to break current levels 24.80 - 25.40, I think we could see a rally to test 28.30 which I think is a key level to breaking out to new highs. I'm trying to enter in early in anticipation of that breakout which is a bit risky. Again no guarantees as I think market may continue sideways within current trading range but I think the buying pressure is...

thedailychartist

Textbook pattern in play and price about to test resistance trend line. Personally, the price I am watching is 1,930.

thedailychartist Updated 

Market's been trading in this descending channel since January and right now in a bull leg putting pressure against the resistance trend line. If we are to see more USD strength (the dollar has been on a tear lately), then this could be a nice breakout setup. Watching that 1.26 level like a hawk...

thedailychartist Updated 

In this chart are my reasons why I have buy orders below 1600... Bearish scenario via a H&S topping pattern takes us to 1533 via a measured move. I'm not saying this will absolutely happen but the odds of a move lower are not low. Dips are gifts. and buying ETH below 1600 would be quite the bargain IMO. Not trading advice. DYOR.

thedailychartist

Very simple chart to show a market premise... Needs a daily close and some form of follow through. I'm wary of false breaks at this point due to BTC potential volatility into the weekend. Be careful out there.

thedailychartist Updated 

ETH has been a test of patience lately and has been in this sideways price action since 08-MAR. We did see a test of key level (1,930) but nothing came out of it but more sideways. However, something tells me we may be about to see another test of 1,930 soon, especially if we see a break above current price levels. Note that many traders are probably looking at...

thedailychartist

I'm currently long ADA and remain bullish but some concerns on recent price action indicating possible double top forming. Bulls need to re-take 1.31 as a show of confidence and to help increase odds of a push to break higher to new ATH in the very near-term. If 1.31 fails we could see further leg down to test neckline level near 1.00...

thedailychartist Updated 

Quick post on WOO as this is one of the coins I am watching closely. Already in this at 0.06 and looking to buy more. This coin is hard to read right now as we go into this broad trading range with relatively low volume. But Something tells me we are about to see a leg up from these levels. I prefer to wait for a good buy signal (e.g. a very bullish candle...

thedailychartist Updated 

Looking like this may have bottomed. Waiting for a breakout of consolidation to go long with 536.00 as target. That is a huge move so really watching this one. Not trading advice. DYOR.

thedailychartist Updated 

Here's what's cooking in the forex front. Just waiting for a confirmed breakout here. Measured move to 131 handle and a second target near the 132 handle which is a weekly resistance level. Not trading advice. DYOR. TAYOR!

thedailychartist

I think 0.055 is all that stands between VET and the new ATH. Need a daily close above said level to confirm but with the current bullish momentum, I'd take a 4H close as a leading indicator of what's to come ---> new ATH! If his materializes, a move to 0.073 would be an easy near term measured target.

thedailychartist Updated 

It's been a tough couple of weeks trying to push bullish scenarios but this is normal when markets go sideways. Sideways or trading ranges have momentum too so it will keep doing the same until it ceases to do the same. Right now, we re at the bottom of a falling wedge and price is breaking below trend line support. A false break here could propel the price...

thedailychartist Updated 

Still trapped in a trading range but seeing some upward pressure and we may be about to see noteworthy breakouts. I am personally watching that 560B level as a potential leading indicator of a bigger swing higher.

thedailychartist Updated 

This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106. Looking for daily close confirmation and a bullish price action upon re-test of the level. See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it...