Bitcoin (bitfinex) maybe be bottoming based on a potential descending wedge inverted Head and Shoulder formation. Projection could be an upside move to about 1880 USD, but first lets worry about getting above lines 1 and 2. If we breakdown through support we could see a drop to ~1600 USD Watch for RSI to climb back into the upward channel to confirm a spike
BTC has consolidated nicely the past couple days and is now filling a triangle formation and on the cusp of breaking out. Lets keep an eye on volume. If we can build support on the middle black trendline there's a good chance the bull resumes. Otherwise watch for a correction down to 1730 USD
Mega Cup and Handle formation could be indicating a big move to at least 2250 USD (with a few bumps in the road along the way). Plenty of FOMO news articles surfacing in the mainstream. Segwit as well. Previous cup and handle projections extended further than the forecasted magnitude, however the target zone ended up as future support once the correction started....
Watch for support around 76% retracement and the black horizontal lines underneath.
LTCUSD fell through 100 day MA, 50%, 62% and long term green support lines Looking to buy back starting from here potentially down to around 25 USD, all things considered.
LTCBTC could see hard resistance at 0.023 BTC. Could see some price action in the red triangle until an event can take us over lines Z and A Strong support at 0.018 for most of the trading session today. If this region can be breached we could see a run up to 0.028 BTC (price action in the green triangle) Watch RSI closely and lets see how the market digests SEGWIT day
Litecoin bounced off at line 6 and hit resistance at line 3 before breaking through and meeting resistance at line 1. Watch RSI for breakout over the top black trendline. If we continue in the middle of the two black lines we will likely build around lines 3, D and the 100 day moving average (28-30 USD) Line 2 offering next level of support if we see a breakdown.
BTCUSD % rise from its breach through the 100 day moving average (pink line) over the past few spikes. We are 10-20% further.. are we overextending? Short term short medium to long term bull
ETC bitcoin ratio recently topped and fell through support at lines z, b and the 37% retracement. Lines c (red triangle), y (green long term support), the 50% retracement and the 100 day moving average (pink line) are currently offering support. RSI is approaching 20 (where we typically see reversals) but if we dip underneath we could see the price dip further...
ETC rebounce to moon with ether or should we head a bit further down ? In any case bitcoin isn't deceiving so far in the trip to the moon :) Let's see what's next :) French elections, yeah whatever's going on politically, cryptocurrencies seems to be at another level where only technological news matter, it's up to you ingeneers. Trade good, trade safe, trade...
NAUT is currently forming a cup and handle formation. A couple red triangles have formed within the handle. We are currently testing support at the lower red line of the handle. Line 3 is our next support zone if we fall through the red lines. Watch RSI to see if we can climb back above the lower trendlines. Stochastics could embed and drop under 20. If so,...
Ripple recently broke out of a triangle formation and breached through the 50 and 38% retracements along with long term support lines V and W. We met resistance at diagonal line 0 and are currently building support at line W I suspect we build some support between lines W, X and the 38% retracement, as we continue to test diagonal line 0 in zone 2
LTC BTC ratio busts through long term support line z. Next strong resistance at line a ( approx 0.01675 BTC)
XMR USDT recently broke out of a pennant formation (red) and its 100 day moving average (pink line), signalling a strong upward move to new highs. We currently building support at diagonal support line 2. If strength continues I think we see XMR range bound between lines 0 and 1, with lines 1 and 2 as support Watch RSI to see if we can breach above 70. If...
As forecasted, btc breached out of the pennant on decent volume, breached hard resistance at lines x and 4 and 3, and we are currently meeting hard resistance at line y. I bought more the first time we pierced line x. Will look to take some off the table around lines 1 and 2. Will hold some for longer term and look to buy back on dips.
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...