All of the coins broke downward when BTC broke downward... yet DASH did well. This begs the question when will most of the other coins get a mind of their own and break free from the gravitational pull of BTC? I don't know. To me it seems like the MM's will pick a coin and make it go up as BTC goes down. So what I say here is predicated on coins doing their own thing while BTC may correct.
ZEC has a nice pennant/symmetrical triangle (depending on who you ask) forming to break upside. The MACD is down and will climb up. RSI is low but still in bullish territory. DMI cruising down but can turn upward.
ZEC has a nice pennant/symmetrical triangle (depending on who you ask) forming to break upside. The MACD is down and will climb up. RSI is low but still in bullish territory. DMI cruising down but can turn upward.
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BCH is also in a ascending triangle. Doesn't look quite as strong as ETH at this second as it trends lower within the pattern but it is there. MACD is down and ready to move upward. RSI in mid bull territory and can move up on a break out. DMI downward but can turn up on a breakout too as we all know.
BCH is also in a ascending triangle. Doesn't look quite as strong as ETH at this second as it trends lower within the pattern but it is there. MACD is down and ready to move upward. RSI in mid bull territory and can move up on a break out. DMI downward but can turn up on a breakout too as we all know.
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ETC is in a pennant/symmetrical triangle formation too. MACD down (weak down) and can break up. RSI in bullish territory and can leap up. DMI downward but can also leap up. ETC is one of those where it can gain a lot more value like BCH. Both partners in fork status. Risky too. Will ETC ever be used for anything and do we care? It's all about making $$$ off of movements regardless.
ETC is in a pennant/symmetrical triangle formation too. MACD down (weak down) and can break up. RSI in bullish territory and can leap up. DMI downward but can also leap up. ETC is one of those where it can gain a lot more value like BCH. Both partners in fork status. Risky too. Will ETC ever be used for anything and do we care? It's all about making $$$ off of movements regardless.
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DASH is the one that surged upward as BTC corrected. Now it is at the top of an ascending triangle and trending sideways and it can drop. It may correct soon. The MACD is basically neutral. The RSI is way up in the bullish territory or overbought. The DMI can go downward more but from what I gather DASH is marketed well and a good coin. I wouldn't buy it right now but I could be wrong too.
DASH is the one that surged upward as BTC corrected. Now it is at the top of an ascending triangle and trending sideways and it can drop. It may correct soon. The MACD is basically neutral. The RSI is way up in the bullish territory or overbought. The DMI can go downward more but from what I gather DASH is marketed well and a good coin. I wouldn't buy it right now but I could be wrong too.
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BTC the 800lbs. gorilla in the crypto trading space and digital currencies overall. Everyone (coins) seems to follow it no matter what. This can be good and it can be bad. It's all about patience and wondering when others will break free from BTC and move on their own. The predictability factor is there when this monster moves, the little ones follow. So BTC like DASH is in an ascending channel which is what I meant to say for my DASH writeup too (not an ascending triangle). MACD appears to be trending downward. RSI is way up and could turn down anytime. DMI can go even lower.
My point with all this is that appears to be many opportunities here in the crypto space but we don't know what BTC will do and how they will act.
Find resistances and supports and adjust accordingly. I am waiting for ZEC to break upward. I am also following ETH. These are my two on the list for now.
BTC the 800lbs. gorilla in the crypto trading space and digital currencies overall. Everyone (coins) seems to follow it no matter what. This can be good and it can be bad. It's all about patience and wondering when others will break free from BTC and move on their own. The predictability factor is there when this monster moves, the little ones follow. So BTC like DASH is in an ascending channel which is what I meant to say for my DASH writeup too (not an ascending triangle). MACD appears to be trending downward. RSI is way up and could turn down anytime. DMI can go even lower.
My point with all this is that appears to be many opportunities here in the crypto space but we don't know what BTC will do and how they will act.
Find resistances and supports and adjust accordingly. I am waiting for ZEC to break upward. I am also following ETH. These are my two on the list for now.
ETH has a strong, upward ascending triangle forming for a possible break upward. MACD is down and can turn upward. RSI is in upward bullish territory but has room to go up. DMI down but can turn upward on a dime.