yarr

yarr

Hey traders! Histogram is showing positive divergence + MACD in 4h. The price is hovering close by MA100 line and it bounced off from the top level of the box. It is necessary to move above these downtrend lines before moving further upwards. MA50 has acted as resistance level (if you look in to 4h chart you see it) and once it breaches above it, it is good...

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WABI been very strong ever since ICO was launched! It is promising project with promising future. Here are some highlighters: -> Working product, already used in stores and mobile phone app -> 2018 is going to be used building partnerships and marketing -> Market cap is only 1/3 of it's competitor #WaltonChain -> Great stuff coming in 2018 TA stuff The price...

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Update on BTCUSD: Is it ready to recover or move further downward? As seen in the charts I have highlighted some major evidences of slow recovery. Buyers are gaining more strength and the selling climax is slowing down. Educational part: The current phase is called as Selling Climax where price is being pushed down by strong Bearish pressure. What are the...

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Price of Litecoin quickly rejected strong support level area formed by MA100 & 144 Support Level. When the price did this, it is indicating of possible trend reversal and if you look at the long wicks (known as shadows of candlestick as well), it is showing that buyers are getting more control over the price. Histogram of MACD is support upward movement by showing...

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The price is forming The Symmetrical Triangle. Solely relying on this pattern is very unreliable because this pattern is can break either way. So it is important to gather some information before trading this. RSI and MACD are supporting upward movement in 1h and 4h. The price in 4h is indicating that this is risky trade to take as MACD and RSI ascended so high...

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The market is giving us another trading opportunity. If the price breaks downtrend line + strong resistance at 1251 level this indicates that the price wants to move further upwards. Also the price might reverse downwards but then it is important to watch these strong supports (Boxes). Buy orders should be above of strong resistance level at 1251 level. If the...

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The chart is forming The Symmetrical Triangle. As known Symmetrical Triangle Patterns can break either way (Bullish or Bearish). That's one of the reason why we need to gather as many evidence to support the break out either way. Also this pattern is known from explosiveness. Once it breaks, it will do it rapidly. Generally people like to use tight stop-loss...

yarr

MACD about to cross indicating that the price is wanting to move higher and RSI forming Positive Divergence both of these things are support upwards movement. What needs to happen next is that the price needs to break resistance level and downtrend line which would give strong signal of upward movement. Partial of the profit should be taken near to the previous...

yarr

MACD and RSI are confirming trend reversal and if the price breaks above Downtrend Line + Ma100 this is strong indication of possible price reversal. The price is forming The Symmetrical Triangle Pattern and if the price breaks downwards the initial breaking out target would be in the second possible reversal zone. Before of this the first reversal zone should be...

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The Price is forming The Falling Wedge Pattern which is considered a bullish pattern and it forms when price is sloping downwards. In this scenario this pattern is considered as continuation pattern. The price already broke above the resistance level of the pattern and this is indicating further upward movement. Buy orders should be set above 0.0019 and stop-loss...

yarr

Hello traders! Thank you for your questions that you have sent to me in my twitter. Most of you have been asking what do I think about XRP now when it is falling? Due to high demand on your questions related to XRP I decided to make chart just for you guys. This chart will be super short and simply explained. There are two reversal zones that are based on...

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BTC is giving us a new opportunity to open long term investments. RSI + CCI are forming positive Divergence and supporting trend reversal. The price bounced quickly from the bottom back above MA100 level and Strong support levels of 14,000 and 14,590 levels. Once MACD crosses it is giving us another signal of upward movement. Strong signal for beginning of a new...

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The price is forming The Ascending Triangle and signals that the trend is about to change soon. Once MA50 crosses above long term average (MA100) this is strong signal for the beginning of an uptrend. The price is not above MA100. Stop-loss should be set under the pattern at 210 level. Buy orders should be set on breakout above 265 level. Buy orders should be...

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Update on ETH/USD: In the chart you can see two patterns. First one is The Ascending Triangle which is continuation pattern. Which forms usually during an uptrend. This pattern is giving a great opportunity to open long term trades. Second one is The Rising Wedge which is reversal pattern. It forms usually during an Uptrend but breaks downwards. Second pattern...

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In my previous analysis of XRPUSD (Posted in twitter) I mentioned Bearish Divergence is forming and might take the price downwards. So it did. This is a great opportunity to seek for a break out or zones where the price is going to reverse from. Ideal reversal zones would be close to the support & resistance levels of the former channel before the price broke...

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The price is forming The Ascending Triangle pattern which is usually formed during an uptrend and considered as continuation pattern. There was already one fake break out and returned inside this pattern. Buy orders should be set above this pattern and swing high of 16 level. RSI and MACD are both supporting uptrend continuation. Notable thing is that when the...

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Update on BTCUSD In my previous analysis I wrote about to see further upward movement the price had to breach MA100 level which didn't happen and instead it broke downwards. This is still important before the price can reach higher. Buy orders should be set above MA100 level. Breaking downtrend line would indicate that the price wants to move higher. What if the...

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Update on BTCUSD The price bounced from the support level at 13,000 level and breached Downtrend Line. This is an indication of price wanting to move further upwards. The chart is showing two reversal patterns which are supporting upward movement. These patterns are called "Diamond Reversal Pattern" and "Double Bottom Pattern". RSI & MACD are indicating trend...