Hey guys,
Looks like we have a potential inverse H&S breakout to me. Just need some more volume to seal the deal. (Yellow line is the neckline, green outlines inverse H&S pattern)
Lemme know what you think.
Hey Guys,
I'm looking at BTC daily chart. If we look at the past year we have a clear descending triangle forming on BTC price action (highlighted in blue). Whilst the descending triangle was forming we also had decreasing volume (characteristic of a descending triangle). The dotted yellow line denotes the height of the triangle and would be my estimate for a...
Hey Guys,
I'm looking at BTC daily chart. If we look at the past year we have a clear descending triangle forming on BTC price action (highlighted in blue). Whilst the descending triangle was forming we also had decreasing volume (characteristic of a descending triangle). The dotted yellow line denotes the height of the triangle and would be my estimate for a...
It's looks to me like ADA has broken a major support zone, and the only other support I see is around 1100-1500 sats; unless, of course, if ADA forms a new support level. We do have some bullish divergence with the RSI (denoted by the green line). So we may see a reversal in the near future. If not, Cardano could end up hurting a lot more.
Based on the current...
Bullish RSI divergence on XLM. This last pullback has been pretty rough, but right around the floor support we are seeing bullish divergence. I think we'll see a nice oversold bounce.
Let me know what you guys think.
Cheers
There has been a trend for years in the making. Now, I've never traded the Euro before, so I don't know how it holds past trends, but it has been holding this trend for YEARS now.
If we don't have a breakout (price breaks the top blue line) we are going downnnnn. Possibly way down to $.8
Just my two cents, lemme know what ya'll think.
Cheers.
The top blue line 'H' represents the overall resistance trend. The bottom blue line 'L' represents the overall support trend. Notice everytime the price hit L (intersections at L_0, L_1, L_2, L_3) the RSI dipped below 30. Something similar occurs when the price hits H (intersections at H_0, H_1, H_2) the RSI is consistently above 70.
The current downward trend is...
It's happened three times already, Dash BITTREX:DASHBTC bottoms out in the support zone and flies back up to the .08 - .09 range.
Will it happen a fourth time?
Looks like OMG is consolidating, I think we can expect a breakout in the next few hours...I'm hoping for a nice 10%
Let me know what you guys think.
Cheers
I posted something similar a few days back...divergence has been building for like a week, we have to be seeing a correction, no?
I'd love to hear what you guys think...this makes me think we'll see a huge retracement on XLM
Is it just me?
Hey guys, I see a price action/RSI divergence on the daily chart for XLM on Bittrex.
We've had a pretty solid run up...I think it's time for a retracement.
Still bullish in the long run though.
Hey guys,
We just hit the upper residence (yellow line) for the trend XWC had been forming over the past few weeks. Right now we are almost at the lower support (the orange line) of the 'channel' the trend has been forming. I'm thinking we'll hit the upper resistance once more, see a drop back down, and then hit the top of the over arching trend which has been...
