WE have a channel that is intact - a bounce off the support line - another wedge forming - can confirm the uptrend? - NO. Vol/Break out of the wedge formation are the significant signals RN. This is by no means investment advice of any kind. GMTK
New channel - Decent Vol. - New Korean Exchange listing - Expecting a retest of the bottom of the channel As long as this keep laddering up, this should hold moving forward, less any BTC/ FUD power moves. This is by no means any kind of investment advice. GMTK
After bouncing perfectly off the channel its found a new support on the LIGHT BLUE trend line, It is likely that we will see some consolidation in the short term. MACD Crossed on the 1HR and 30 MIN coupled with a fall in Vol. should see a nice (Little) retrace. IF we fall from the LIGHT BLUE & PURPLE intersect around 37.882, I would expect to follow the bigger...
Just a few thoughts on ETC - Obviously with Castello Airdrop overall ETC is on the rise, there is allot of interest in this coin. It has been consolidating for some time and has just jumped out of the triangle, but looking to have been rejected by the major (dotted) trend line and retest around 35.775 is possible. IF we converge on the two lines and give into...
I'm learning to understand TA and how to apply it, this is a hack job but I am keen to get some feedback on if I am on track with trying to identify major trend lines at all. Thanks