Daily chart showing a nice resistance and good looking buy zone for future bull runs.
Crypto traffic is increasing again in bitcoin and alts so this could be one of the final positions before another big push up.
Now you might think I'm a little crazy... well your wrong I'm a lot crazy ;p
We can see price is at a strong resistance level and we are expecting price to bounce off this level and make bearish movement down to our TP and support zone before bouncing off this and making bullish movement up to that 10000 mark I mentioned a few posts ago... your welcome.
My wife has gone missing and she's taken my wallet... lucky I don't hold cash anymore only Crypto ;p
Marked on the chart we have a lovely zone of resistance that has been used before, so we are expecting bullish movement up to this area and then a bounce and some bearish movement, that's what the technical analysis is telling us.
On the other hand if we break...
ETHUSD has displayed some signs of weakness today after a very bullish week.
A 1h trend line has been broken and now price is exposed to the downside. When we look at the daily chart there's an obvious level of resistance capping ETHUSD from rising any more. A nice bearish daily close could set us up with a profitable downside move.
This is a short term trade...
If you look at the XRP chart, you'll see we have potential for some downside over the coming week. After attempting to surge earlier today, XRP slowed down & fell back into the boundaries of a triangle pattern. We're also beneath a resistance level and a strong weekly supply zone.
Will we see XRP value dry out in the short term? There's possibility for a short...
1 day timeframe.
After BTC/USD broke the previous down trendline resistance around 7900, BTC/USD is challenge the resistance at previous high (8930) and looks like it still struggle to get above that level. bullish momentum indeed while if it's managed to close above that level, as long the price action can held the...
STR?BTC get rejected by SMA (simple moving averages) and previous up trendline which is very bearish for current trend. Right now, the price action is teasing to break the support fibonnaci line which if it cant hold or manage to get above that line. would be a devastating dump for this asset.
MACD is building it's seller histogram sign of the...
As you can see, BTC has gained a lot of selling pressure over the last few days. Perhaps due to bigger participants taking profits after we hit the psychological number of 9,000.
The ADX shows buyers are starting to gain dominance, indicated by the red line crossing the green line. And volatility is starting to pick up.
Furthermore, i have taken a previous move...
STOCHASTIC: Indicator is severely overbought as well as the RSI & other oscillator indicators.
SCHIFF PITCHFORK: Median line has been well respected in the past and price is struggling to cross this large resistance area.
VOLUME: Breakout of the 8200~8400 level was not followed through with volume indicating the lack of buyers in the market. Volume over the last...
Basic technical analysis of support and resistance. Key levels to watch where supply has flipped to demand or in other words resistance has become support.
BTCUSD has chopped through the 7888 level over the last two weeks. Historically it is not a clean cut level which makes it difficult to call an entry although that is the nature of cryptocurrencies the...
MFI = Still making a higher low from 18 december 2018 and still moving in bullish territories.
DMI = +DMI is consolidating around 25 level and -DMI at level 16 and geting closer with +DMI. ADX is currently dropping which indicate momentum to upside is decreasing, potential for sideway movement or retracement is possible.
Volume = Increase by looking...
In the wave (5) has formed a rising diagonal triangle.
According to the EW-rules, price will fall to the area of the previous wave (4).
We are expecting falling prices to $5735 and later into the $5514 range.
We are working with great care, but still not accept liability for our ideas.
Here is my analysis on the XRP vs USD price chart. You will see a lot of people talking about the ever expanding "wedge" breakouts that are showing bullish signals but in my opinion there is more downside to come before any new highs will be made.
As it stands, my final target for XRP short positions is $0.21 per coin. This is the weekly Fib -0.27 extension level...
. Dash/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility of...