Downward trend seems to have reversed and has been steadily accumulating since. Long term wedge looks to be broke, but prior to that the short term wedge looks to be broken in the coming days. Will find lots of resistance, but if it manages to gain new support levels it should provide a platform to move into the long term upward trend.
Technical analysis:
. Quantstamp/Bitcoin 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 49.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility...
Technical analysis:
. QUANTSTAMP/BITCOIN is in a downtrend 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 33.
. While the price downtrend in the Daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary...
Technical analysis:
. QUANTSTAMP/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 51.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.160 to 0.090). if so, traders can set orders based on...
QUANTSTAMP/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is still possibility of temporary retracement to suggested support line(0.0000183), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when...
