Monero increased a little but the failure to close above the lower median line (lml) and above the minor uptrend has signaled a potential drop.
We may sell it after a valid breakdown below the 151.260 level. The first targets will be at the 150% lines.
BCH/BTC dropped significantly today and could inalidate the breakout above the upper median line (uml) of the descending pitchfork. Price has found a very strong resistance at the 50% Fibonacci line of the ascending pitchfork. A failure to close above this line could signal that the rebound is completed and the price could start another leg lower soon.
XRP/USD has reach the 150% line which represent a very strong dynamic resistance. The price was send lower again as the all major crypto have dropped today.
Ripple will become strongly bullish after a valid breakout above the 150%. However, it could also increase between the 150% line and teh WL1. It is very important to see where it will close the day because it ...
ETH/USD has made a valid breakout above the outside sliding line (SL) of the descending pitchfork. The breakout needs to be confirmed before we can think at a further increase. The rate could come down along the SL to retest the LML before will jump much higher towards the 50% line.
EDO/BTC is somehow expected to increase further on the short term after the gap up. It could be attracted by the confluence area formed between the wl1 and the 50% line.
Price has bounced back from the downside line of the major triangle and has managed to stay much above the 106.52 static support. I've drawn a minor ascending pitchfork, so a retest of the lower median line (lml) followed by a significant increase will signal a larger rebound in the upcoming period.
However, a valid breakdown below the wl4 of the former ascending ...
PAYBTC changed little in the last days and seems undecided on the short term. Technically, it could drop towards the SL and towards the 0.00010500 static support after the breakdown below the lower median line (lml) of the major ascending pitchfork.
It will drop only if it will take out the 0.00011990 static support. A failure to drop further followed by a valid ...
Price drops within a down channel and is almost to hit a major dynamic support. It is pressuring the 0.05915377 static support and the 61.8% retracement level. The perspective remains bearish as long as it stays within the down channel.
A valid breakdown below the warning line (w1) will confirm a further drop at least till the 76.4% level.
The crypto pair is trapped within a symmetrical triangle on the daily chart. A valid breakout from it will signal a furter increase on the short term. Only a valid breakdown below the 0.00002857 level will invalidate the bullish scenario.
Nobody has a crystal ball, if they do its probably fake. The Auction process can help us understand what is going as the price action plays out and i've laid out my view on Bitcoin for the next 5 days
- Large hole in the weekly volume profile from April 9th should ideally be filled out.
- Most likely we will test the Value Area Low @ 6965.
- Ideal scenario is ...
It looks like BTC is forming an H&S pattern! we broke the downtrend resistance weeks ago! my target right now is 7.7k to conclude the right shoulder.7.7 k is a really strong support as there is a confluence of resistance and support of 3 different fib level and different time frame. all the targets in this chart as you can see are all confluence of more Fibonacci ...
It looks like BTC is going down to 7.8k which will provide a really strong support. To me, it is almost certain it has formed a bearish flag on the 4H timeframe as it has failed to stay above the 0.236 fib level! as we hit the support level at 7.8k we should see a healthy bounce back up to the 0.236 fib level, as the RSI on the 1D is gradually reaching the ...
After BTC breaks out of what some called a diamond bottom it slowly crawls up with declining volume and to me doesn't really look like a strong bounce at all,(debates over twitter saying this type of bounce is stronger long term then a big bullish V shaped one or something along them lines, i cant see how but yeh) just about reaching the circle from the other day. ...
BTC bulls look super weak at the moment that recent bounce lasting a lot shorter than i expected !!
If you want a bullish trade within the next few days maybe even today by the looks of it, expect a reaction with this bullish 1 day zone @ 7900 - 7700!!
8000 psch just above it. swinging below 8 k into the zone then bouncing closing back above would be ideal, ...
ETH had a weaker bounce than LTC but still nice profits if you played it, managing to close above the diagonal support.
Currently in a 4 hour bearish zone breaking above this depends if BTC breaks the 1 hour bearish zone at 8600!
Next weak resistance being the diagonal and 715ish
