As US stock market is higher this morning so the crypto market is higher as well. BTC trades at 9350 (+1.8%) and ETH trades at 243 or (+2.5%). CS/TC pair trades at 0.00000350 and tries to break out 0.00000360 resistance level which is looking fragile now. The support at 0.00000340 remains good. It`s still a very good buying opportunity with the medium term target...
This morning CS/BTC pair is trading close to 0.00000350 above 0.00000335/0.00000340 which is strong support level. Based on TA it looks like a good buying opportunity with the next target close to 0.00000415/0.00000420 resistance level. The stop-loss could be placed at 0.00000319. After the resistance level at 0.00000420 is broken the medium term target is still...
The US dollar was generally weak this morning regarding both gold and euro. This weakness in US dollar supported the crypto markets as well. Thus, BTC near touched 9500 area and ETH was close to 250 level. In such an environment CS/BTC pair was very good supported above 0.00000320 level. It still reasonable to expect a further rise to 0.00000360 resistance level...
Perhaps a down flag is being generated on the BTC . Target -12% of the breakout.
Entrance is a deal only on a breakout confirmed by the volume of the "canvas" of the figure.
"Bear Flag". The flag is considered a strong figure, therefore, a turning point in the trend on this figure is very rare.
More often than not, the “Flag” appears in the middle of the trend...
Looking at Fibonacci for an entry on ZRX and picked up a really nice bounce off the 61.8%. Looking for it to continue to push up and retest the previous high. Either forming a double top or breaking through and continuing up.
Looking at taking profit at previous structure.
XLM has come back down and is now at a key support level. It also is about to touch the uptrend line it has been following for quite some time.
If BTC behaves there could be an entry here for a 9% gain up to previous structure.
We need a close above the support at 4344 and a bullish engulfing candle for confirmation.
GNT has broken out of its downtrend and has potentially found a new up trend which has been respected since before the breakout. Sitting above a daily support and just about to hit the trend line we may see a bounce here to retest the next 4 hr resistance at 6528.
Watching closely for some more confirmation.
MCO seems to have found a new trend line and has respected it multiple times. After that huge spike it has retraced back down, found support and held. It is now getting very close to that previously respected trend line and we may see another spike if it is respected again. Short term target 8%. Possible longer term take profit before daily resistance at 171385.