Red target set earlier today has just been touched after a ltcusd breakout on high volume Lines 1 and B represent short term support. The purple line represents a potential inverted head and shoulders, forecasting a similar move to the red target (set by the red rectangle pattern)
Wedge formation indicates trend reversal forming, with the short term bearish divergence supporting this analysis. Longer term trend will continue once correction ends, which should be around 1530-1550 if it ends at first line of support as the fib retracement illustrates.
ZEC has bounced off its 100 day moving average (pink line) and found strong resistance at diagonal lines 2 and 3 as well as long term support line z (green). Support is offered by diagonal trend line 4 and long term support line y If the RSI can continue in an upward move above its trendline toward 70, we can see resistance line z approached again. If the RSI...
NXT broke out of zone 1 and met resistance at long term support line x (green). Diagonal trendline 2 and long term support line w provide current support. If we continue through line x, diagonal line 1 will provide resistance in zone 3. If RSI breaks above the upper trend line, we might see the price enter into zone 3, other wise, if we ride the lower trend...
Bitcoin (BITFINEX) recently built support on diagonal line 1 after breaking through longer term support lines 2 and 3. Each of the past 3 bitcoin prices spikes resulted in % moves of 82%, 105% and 82% again, respectively (red labels). Each correction ends when the price dips down to meet the 100 day moving average (pink line) WHILE in the region of the 62-78%...
The blue triangle (lines W and X) forecasted a $2.50 cent move upward. Bottom of the current red rectangle (lines Y and Z) touched long term support line A (green). As the bollinger band squeezes, the rectangle forecasts a move of $1.90. We could find resistance at long term support line B (green) as well as diagonal trend line 1 (black) If weakness ensures...
Ripple is forming support along long term support level (green line U) and also forming a triangle pattern. As bitcoin pumps higher, I suspect diagonal support line 1 will be tested, followed by the 62% retracement, green support line T and the 100 day moving average, followed by support line 2. Touching support line 2 would represent a more than 20% correction....
Ethereum Classic is currently undergoing the end of it's double bottom, indicating a sharp upturn in is incoming. While RSI is testing out its support lines and the MACD is currently falling, this is expected during the end of a double bottom. Using Elliot's correction and impulse wave we can confirm that the first bottom was the beginning of an impulse wave,...
Ripple recently broke out above a blue pennant and its 100 day moving average (pink line),forming support at line U . If it manages to break up into zone 2 I think we see hard resistance at line 0. I've taken profit with ripple so personally Im holding and watching for other entries (perhaps in zones 4 and 5). The 100 day MA also moved above its previous high,...
Holding LTC and waiting to buy on any weakness. LTC is forming a symmetrical triangle (red lines) within a larger symmetrical triangle (top red line and diagonal lines 3 and 4). MACD is indicating a continuation downward and the RSI is continuing to trend downward. If LTC breaks below the purple trendline and the red triangle we will enter zone C where line 3 and...
Short term neutral until ZEC crosses back above the 100 day moving avg (pink line). Watching to see if ZEC follows blue line 4 or blue line 5 (red lines x,y and z will offer support or resistance in zone 4). ZEC has built a pennant formation (blue lines 4 and 5) with nice decreasing volume (red circle zone 4). If ZEC crosses above the upper diagonal trend line #5,...
ETC broke out of above a pennant, its 100 day moving average and diagonal support lines 1 and 0 and also long term support line X, only to find resistance at support line Y. If we cant build support at line x, next support is at the 23% retracement and line 0. If bitcoin continues to rise in the days ahead, we could quickly test the 38% retracement and support...
I think bitcoin is heading much higher this year. But first some consolidation as indicated by a potential batman cowl from early march until now. Strong resistance at 1250 USD. The Bearish Hangman candle could indicate a move back down to line 2 and potentially the 38% retracement (~1120USD). Even stronger support at the 100 day moving average (currently ~1080...
BTCUSD Bitstamp daily chart showing bitcoin bouncing off its 100 day moving average after forming a batman cowl top formation. Bitcoin has formed another symmetrical triangle (upper blue triangle) and marginally breached to the upside. Waiting to see what happens around this triangle, but downward momentum could continue in the form of a dead cat bounce, taking us...
Recently completing a pennant formation, ETCBTC has in the past day breached upward through the pennant and to new support levels (line 1). ETC also popped back above its 100 day moving average which adds to further bullishness. We could see support build at line 1 before seeing the long term resistance level tested at line 0 (roughly 0.00275 BTC) MACD and RSI...
Factom/BTC has built a nice triangle formation (Red lines A and B). Watching for a significant and sustained breakout above Line A. We recently broke through the 50% fibonacci retracement and trend line 3. We may consolidate a bit on line A before testing resistance at the 35% retracement and then support line 2. Building support on support line 2 and testing 23%...
1. Golem is a very powerful investment, by buying it we basically inves into electricity and computing power. 2. Dev team performs incredibly well closing on golem brass. 3. Price is jumping from strong bottom support.
The first quarter is promising good developments for the DigiByte devs. A close above 30 could signal the next bull up. But if it breaks below 29 we could see 25 - 20 Could also be more sideways in accumulation.