All things considered ETH still hanging on. Price still maintaining its bullish trajectory.
If altcoin season does come this one should really shoot up with 480USD being the 1st major resistance on the 1day chart.
Notice how the sellers are slowly losing steam. MACD is ascending, which will lead to an impulsive upward movement.
-The price needs to get back above the diagonal trend line and then continue its upward movement with good volume.
That will lead to the 50 EMA to cross the 200 EMA which will confirm the change in trend.
This is a good project t which always...
Its already up just over 9% at the moment. This coin has potential for a very long upwards trajectory.
The long term acsending trend line is still intact.
MACD has also moved in the same fashion.
Price is moving within an expanding triangle.
Looks like we will be moving up soon if we are not already.
MACD starting to turn on the 1 day CHART.
4 hour chart already confirms we are moving up. Movement should get a bit more aggressive once we are out of the negative levels on the histogram.
So if you look at the weekly chart of Bitcoin you can clearly see that the price of Bitcoin has ben moving clearly within the confines of the wedge. Moreover, the movement has been a textbook ABCDE wedge pattern. The E wave has hit the bottom support trend line which means that a positive break out should follow.
Let me know your thoughts.
FYI to see how verge is still looking good so far.
Time will tell if the uptrend continues.
As investors we have something to consider now.
Should the partnership revealed by Verge not be anything worthwhile then prices could fall just like what happened to TRON after the testnet Launch.
Should it be something good, then prices will jump.
So to HODL or not to...
So MACD shows the sellers are all sold out and buyers should start coming in as the MACD is now at the APEX where a positive cross should trigger some good upward movement.
Long term support has held as well.
Testnet launch and the coin burn is some positive fundamentals to back-up the upward movement.
When the MACD crosses again the histogram should be in...
From the charts you can see we have an inverted head and shoulders with the right shoulder completing. This will be confirmed once the neck-line is breached.
Moreover, the inverted head and shoulders have formed a triangle and is moving within the boundaries of it. Elliotwaves show that wave-D is in progress followed by the last wave.
So those are 2 very bullish...
My concern is that if we continue to test the support we could eventually break it and fall through to the next support as the more you test a support the weaker it can become. Regardless of price movement the current price levels are excellent to buy in for investors. ( Like me)