Why do I have a hunch that BCH is about to explode !!
If it does it would be big ... first target I think - as per my hunch :) - would be 45% from here i.e. from 735-755 and if it passes that it would be bigger and bigger ...
Let's wait and see !!
As it shows in the chart if EOS breaks below $9 ..target would be around $5.75 .. breaking $9 ...means it broke the 200 EMA which a very negative sign ... in addition, notice the Ichimuko indicator is below the candles and trading price and that by itself an enough negative sign
All what I know that we are forming a triangle in the weekly chart that I predicted months ago when everyone was calling me negative ...and we are heading to point 4 which should be a triple bottom of this triangle .... now we should not break that point 4 at to the downside ...coz the target of that pattern is around 1700...which is a disaster to crypto.
BTC has shown some bullish signs in the last two days, yet for me I think it is just a bull trap and I can notice that all this move was not backed by significant volume to justify it.
On the other hand, looking at the 12H chart shows that there might be a bear flag is forming and the moment we break-out the $8300 ($8200 to be conservative) to target...
BTC is still trading based on the result of the breakout of the Falling Wedge formation which happened on 8th April.
The target of this pattern should be from 10250 – 11000 (depends on which time frame you consider the breakout).
For me I look at the 12H chart so my target is around 10885.
So going back to BTC and its performance last week as I mentioned BTC...
I just closed my swing trade position as I am expecting a sell-off might happen in the coming week to test some supports at 7.80-7.10 and maybe 6.85
Please watch the video and if you like what you saw please click LIKE and follow my account
Also see my previous videos...
Please watch the video and if you like what u see please click LIKE and follow me.
TC broke out nicely the first resistance at 7500
and tested the second resistance at 8073
we should expect a reversal to test some supports such as 7700-7500-7300 before we continue to the upside and test the 3rd resistance 8780
if we break out that resistance we should reach...
Pls watch the video for more illustration... and if you like pls click LIKE and follow me.
On the other hand ...click the link below to see my previous charts about EOS with targets mentioned before
As we mentioned before in our previous TA - BTC formed a Falling Wedge which suggests a break out to the upside.
Yesterday and today BTC broke-out the pattern and we can anticipate that it will move higher from here but it has to test some resistances before it reaches our target at $10250ish.
BTC has broken the wedge with no significant volume, not much...
As you can see this is a potential scenario that might emerge in the coming month /weeks
As you can see BTC is trying to find a bottom at the current levels $6500-6600
If my analysis is right Weekly candles from the coming 4weeks should be green and suggest to reach point 3 at $11246
Yet , there are many resistances challenges BTC has to break out...
As you can see H&S pattern has emerged and has a target at $7944
tight stop loss below 7240
Major stop loss below 6850
However, BTC could still test the neckline at 7040 before heading up to the target - so do your math