All trading charts form patterns that can be useful to recognize as they can lead to a trading opportunity. The flag/pennant/wedge pattern is particularly common and usually very reliable. Since I’ve been trading cryptocurrency its surprising how often we get flag patterns with crypto something that is not as evident in trading FX. SHIBUDOGE is carving out a...
Molecular Future is one of the assets owned by the giant Hyper Tech group the company behind HyperVerse (see my profile for details). MOF has broken out several times over the past few weeks and then moved sideways. Currently price is moving in a range between .001255 and .001011 and is contained below resistance at .001255 and a rising trendline from late...
MOF is back carving out another flag/pennant/banner formation. However. Previously the price was above the 50 EMA and used this to drive higher. Currently the price is below the 50 EMA but above the significant line of support at .00149 and the mid pivot and we will probably see the price squeezed between the EMA and this line of support before we break out...
XRP is trapped inside a wedge/pennant/flag and is also squeezed betwen the 200 EMA and the 50 EMA. Interestingly if we look at the daily time frame the price is above the 50 EMA and below the 200 EMA but if we switch to the H4 time frame the price is above the 200 EMA but below the 50 EMA. So what does this potentially mean? The 200 EMA on the H4 time frame is...
Tronix, also known as TRX, is the native cryptocurrency of Tron: a blockchain-based platform with two main functions. First, it serves as a global online content sharing platform, and secondly, it allows developers to create their own autonomous applications that operate without the need for intermediaries (* information from CoinDesk). This asset hit .1805 back...
MOF - Molecular Futre continues to consolidate between a line of resistance and the 50 day EMA. As this flag/pennant lengthens so we move closer to break out. Usually breakouts following periods of consolidation can be quite violent and price can quickly surge higher like a dam collapsing and releasing its water. All the signs are on for a break out north as we...
SHIBA is meme coin and is therefore a novelty. It has no real substance but that could be said of cryptocurrency in general. SHIBA in 2021 was by far the stand out performer of digital assets appreciating 44,600,000% over just a few months. From a technical viewpoint this asset looks interesting and if this was a currency or stocks or commodities chart then you'd...
Molecular Future is one of the assets owned by the giant Hyper Tech Group the Group behind HyperVerse. Since its was forked (the circulating supply diluted from 87m to 87b) the price has fallen but over the last few weeks this asset would appear to have made a floor and is now building momentum higher. Flag or pennant formations are common in trading and are a...
The MOF did indeed break out north as was suggested by the technicals. Having hit resistance from several weeks ago, price has stalled and appears to be now waiting for the 200 EMA to catch up. I expect price to drift sideways for several days now and when the 200 EMA is met then we could see price use the 200 as a springboard to break the resistance and move...
Molecular Future has (apparently) arrested its steady decline for the last 8 weeks and is tracking sideways. Price is now trapped between a rising trend line and the 200 EMA in a clear flag or pennant formation. Which way it breaks is anyones guess but it looks as if we shall see price break out either up or down over the next few days. I remain mildly BULLISH on...
Molecular Future is one of the 4 digital assets owned by the giant HyperTech Group. HyperVerse is THE outstanding blockchain membership opportunity and MOF is one of the currencies used to pay members. Last December MOF was forked and the circulating supply was increased from 87 million to 87 billion. Before then MOF moved from 3 cents to $2.36 so the potential...