Yellow = Buy Zone Green = Sell Targets Red = Stop Loss
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss
Yellow = Buy Zone Green = Sell Targets Red = Stop loss zone If you choose to use this information as a trade opportunity I do not recommend buying in above the buy zone. Let the price come to you and be patient. Trade safe! Due the overall market action there are many falling wedges taking place on the daily charts. The stochastic RSI and RVI in conjunction...
Depending on the trajectory chosen to draw your trendlines the price can be said to be forming a falling wedge within a descending channel. Due to the selling pressure indicated at the top of the daily candle, and the downward action on the Stochastic RSI is indicative that the price will continue to slide down the channel closer to past support near the .236...
The price of BTC has been drifting up an ascending channel and finally met strong resistance at the ~6872 price point. Currently the stochastic RSI has reached overbought territory and is in the stages of moving back to an oversold region. Support at the 6300 price point seem very well supported both by Fibonacci levels, the Kijun Sen, and psychological...
The chart pattern is forming a very steep Rising Wedge which is a Continuation / Reversal pattern. The stochastic RSI has a falling wedge forming that will most likely begin to double top. The RVI indicates a tremendous amount of volatility as the prices momentum rapidly increased. Ichimoku cloud has a bearish flip and the Kijun is acting as support and...
Yellow = Buy Zone Green = Sell targets Red = Stop loss
Overall, BCH price is within a descending channel. We had a small reversal after the tweezer bottoms (in orange) that formed 3/4 days prior. Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the...
EOS looks as if it has some great bullish indications taking place. There's the falling wedge as well as the bull cross on the Stochastic RSI. Moreover, our Kumo is still bullish and there isn't very much bearish movement indicated by the Senkou lines. Finally, RVI is forming a double bottom which supports the prediction of some upward movement. It's...
XRP has formed a wonderful falling wedge on the daily chart. Although, indicators are quite near bottom there are not many buy signals. Stochastic has not crossed over, ADX is bearish and confirmed the strength of the downtrend. That in combination with the low volatility on indicated by the RVI leads me to believe we will see more downward price actions...
Although the price is moving down a steep descending channel we can see that there has been buying pressure the whole way down. The RVI and Stochastic indicate that downward momentum and volatility are decreasing with a small bullish curl on the DI -. Further confirmation of this is indicated due to the horizontal movement of the tenkan and kijun. Previously...
Price has been moving down this descending channel and respecting it, as well as, the fibonacci levels as price declination occurs. Stochastic RSI bounced and looks to be forming a double top. RVI is currently in a double bottom formation. Those two indicators in combination with the dragonfly doji may be signalling another bounce to the .236 fibonacci line....
There are potential tweezer bottoms forming on the candles which could signal a small reversal of trend. This price action is further reinforced by the falling wedge pattern being formed. However, ADA has some strong resistance to overcome at the top of the wedge both in the form of psychological resistance as well as the .5 fibonacci level. There's a small...
In the descending channel the price is in it looks as if the price has respected the .236 fib level quite well. The stochastic RSI and the RVI have both reached good levels of support and a bull cross in the short term could mean some upwards price action within the channels plotted boundaries. Although, I do not think the stochastic RSI will break previous...
NEO has recently had lots of buying pressure sold off and has formed a nice falling wedge. There is a small bull cross on the stochastic RSI and a double bottom that is taking place on the RVI. This leads me to believe we'll see some short term buying happen quite soon. However, I do not think there will be room for much upwards price action due to the Kijun...
TRX is forming a falling wedge after some selling off the price tested the bottom of the kumo and has shown it is currently acting as support. This is witnessed by the wick on the daily candle. The stochastic RSI as well as the RVI may be forming double bottoms. TRIX further confirms that these are heavily oversold conditions and although there hasn't been a...
Right now the price is precariously balanced on the .236 fib. It's last line of strong support before a large potential fall. Both the tenkan and kijun are working as resistance. The stochastic RSI is tightening and nearing past support. DIs are curling in a bearish direction and the ADX indicates the trend isn't very strong at the moment. But selling pressure...
After forming some tweezer bottoms (yellow box) price gained upward momentum and entered a short term bullish channel. If the price stabilizes in the center of the kumo (above the ~.5 fib) with a future break of the uppermost trend line this could cause a large run. That trend line follows back to the January ATH. However, a few thing would need to happen. A...