Worry descending symmetrical triangle suggesting a price collapse in the week ahead. However an argument for a bullish case could be made on the weekly chart. The next 5-10-days for Deutsche shall be interesting.
Huge amounts of volume pouring into this altcoin - no idea what's going on. Follow the money, as they say. The upside to the first Fibonacci target is a massive 12,000% away. That''s very hard to ignore. $100 in at current levels becomes $12k at the first target, assuming BTC/USD pair remains the same. From a technical standpoint RSI is making higher lows on the...
The monthly chart for AMD is quite striking. 18x in only 4 years. We now have a perfect double top with gravestone DOJI. The time to take profits doesn't get clearer than this.
Evident Elliott wave on the weekly chart. Retracement to the 21-week moving average (in yellow) would make for a good swing trade (55 cents).
Large head & shoulders, monthly Stochastic crossing over to downside (alarm bells), and has now failed to find support on the 100 month moving average, most recently rejected twice. Wait for <$1k before considering.
Very nice set up, This 3-day chart clearly shows a bullish divergence between price action and Stochastic RSI with following engulfing candle after a strong oversold period. The weekly chart for confirmation, very powerful.
For the swing traders amongst you this is what an ideal short position (for me at least!) would look like. Yes the price might still spike higher, however the near term is telling us we're overbought. The reasoning: 1) The month long RSI supporting trend line has now failed to act as support 2) Stochastic RSI is crossing 80, momentum is bleeding 3) We've spiked...
This weekly chart shows us an Elliot wave pattern has formed over the course of the year with RSI support trend line since January 2018 now broken. I think we're about to see a break in Bitcoin dominance to levels not seen since the beginning of the year. Confirmation would cause a very likely strong alt-run.
On this 3-day chart we have an almost 2 month long Bullish divergence between price action and RSI following a strong oversold period. According to the weekly chart we're sitting on strong past resistance not to mention being 97% down from the all time high.
Per title. This 3-day chart reveals a lot of reasons to be excited. The conditions preceding late 2017 are almost a carbon copy. However, past events are no guarantee of future predictions, that's why we have technical indicators. So what are they saying? The falling wedge is the most obvious for me, except this one is a lot larger than the one created in 2017 and...
So oversold it's bonkers. Stochastic RSI is crossing over to the upside after strong oversold conditions, when there's blood on the streets we buy. The Stochastic RSI weekly chart also suggests a strong move to the upside is imminent
GNT is looking like a good long position right now after a 95% fall from the ATH. Currently we have bullish divergence between RSI and price with support on the 21-day moving average whilst the Bollinger band is squeezing / constricting, which tells us a big move is incoming. Finally the 3-day chart below is indicating support on the 50-day moving average with a...
On this 3-day chart XMR now showing rejection of the 20 week MA whilst inside a descending symmetrical triangle. That’s not good. Furthermore the weekly chart is starting to show crossing stochastic’s to the downside whilst above 80.
Confirmed head & shoulders on the daily chart with RSI resistance continuing hold making lower highs. First target $7200
Chart just confirmed head & shoulders with RSI trend line acting as resistance on three occasions now. Be patient and cheap cheap Ethereum will be yours.
Not popular thing to say I know.. but I'm not saying it, the chart is.Although not the BLX chart, we'll have to wait a few more day. However if the head & shoulders is confirmed (and 3-day charts are not to be ignored) then the drop will be a new opportunity for many. I think $7k is certain for the simple reason.. we've not yet tested support on the 200-day moving...
I'm uncertain if anyone else is watching this.... but it is fascinating. The alt-coin market total has been rejected against a resistance line since June 24th or thereabouts. The resistance converges with the last known support which is also the golden ratio @.78. The odd part is the date of convergence, The date we should expect a reversal is September 23rd....
Bullish divergence between price action and RSI with trend reversal indicating higher lows on 1-day chart and support on the 21-day moving average. Nice looking weekly chart too: