Showing good buy support off the trendline after correction. Continuing next move upwards. Longer term signals looking nice for a long position as well after recent correction so good long entry for all time scales. EW ABC count seems to have completed.
NAVcoin long term uptrend looking still nicely in place in fitting with recent excellent development progress. NAVcoin floor looks to be in after a pullback from the recent rise. Expecting a bit of medium term consolidation to tighten the bands in a bit before moving up towards new all time high. EW analysis shows point 4 of current larger uptrend. Nice risk...
XBT experienced a long needed correction from a parabolic rise. The volatility of the market make predicting price movement in the short term difficult but XBT remains bullish in the long term. The fundamentals are too strong to do otherwise.
The market is not at a great entry point right now as we are at a strong zone of support/resistance.
Volume is poicking...
SIA has been in a strong upward channel. The recent market crash correction fell 36% to 307, and recovered up to the 620 area quickly. The price has found support in the channel boundary as well as previous areas of support.
MACD & volume indicators are in agreement.
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XPM has performed well during the recent market correction and with strong trend support and support from previous price action a break upwards seems imminent.
- Tenjin Crypto
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BTC short VS ETH long idea
Whenever ETH touches 0.1 , BTC gets all emotional.
Add that to the fact that BTC hasn't completely finished consolidating after it's pump and you get what I've outlined here.
Based on last nights' observations, there are some whales with deep pockets who are very interested in keeping ETH price stable above 0.09 and I see them...
White trend line (super trend) acts as bullish trend to signify re-entry/rejection.
Rising Wedge pattern plus super trend re-entry with higher closes and higher lows gives high probability movement towards the upside to finish off the 5th leg to 0.00034.
Possible rejection if price action moves above the super trend but returns back below.