Opportunity for 3-7x back to previous highs and ATH. Looking at 15k as first target with likely strong resistance. Improved volume through April and May tells me this could make a comeback. A spiky coin, could be a PnD target so take care!
CMT has bottomed out on the RSI at a confluence of fib, previous support and trendline. A bullish engulfing candle looks possible to complete on the 4 hour, hoping for a strong bounce.
Thoroughly overbought, however let's see if it can break trend. No volume to speak of but little resistance other than the 23.6% fib until it reaches 55-60.
BTC - scruffy chart update. Square up candle completed (purple dotted horizontal), looking for confirmation of either rising channel (dark blue), or larger broadening wedge (purple solid) . RSI corrected out well at 4 hour but has returned to previous levels on the lower timeframes. Looking for a sideways movement here to allow further room to go up.
Bullish Gartley and some indecision candles being shown in the PRZ, still waiting for an affirmative bounce! More than 50% of the indicators I look at are showing bullish divergence with probably another 25% recording oversold conditions. Price is at a confluence of prior resistance potentially turned support, possible new trendline (green dotted) and the...
A new buying opportunity here as ADX has nearly fallen back to its mid term support at 8000. As we come to the apex of a near term falling wedge, and over a longer period two upper trendline resistances squeezing the price against the support, we are likely to see an upward move in response presuming support holds strong. Divergences are already apparent or are...
BTC - the confluence zone is still holding at horizontal support, 78.6 fib, bullish falling wedge, and upward longterm trend from July 2017. We are pressing right to the apex of the original wedge (which may have been invalidated already) so the next couple of candles will be interesting. Shorter term, we can see a bearish pennant forming - a measured move down...
Currently a whole raft of supports and resistances to be watching on BTC. Looking at the 4hr, we are sitting in a small possible channel or have bounced off a broadening wedge based on a trendline running from the 6.5k bottom (brown line). A possible new downward trend has formed off the prior three highs (purple line). Additionally we have a strong support...
SALT - for the last month this coin has had some really strong volume and price increase, however the recent move by BTC hit SALT hard with the price retracing to the 61.8% fib. The fib coincides with a previous support line and the bounce printed a bullish doji morning star on the 4 hour. In addition we can see bullish rsi divergence and the formation of a...
We’ve come around and underneath the 3 day Ichimoku cloud which has now thinned dramatically throughout the consolidation period - i.e. forms a lesser resistance the next time the price approaches it (exactly as we saw with BTC if you were following my previous analysis there). The Tenkan and Kijun lines have now crossed, and the chikou-span is looking to cross...
Buy after break of triangle or >25 if more conservative. Targets : 29, 32, 40 and fibs if we have enough volume to go thereafter. Remember your stop loss and that this is currently a symmetrical triangle which could go either way!
High traded volume for DASH at the lower price levels recently between 43k and 50k sats. Price has settled on the 23.6 fib of the big down move (which incidentally coincides with the 61.8 fib of the much longer term up move shown on the bittrex chart). RSI and ADX show the price is still ranging. On the close up we see we are coming to few possible decision...
HSR - lots of potential for growth from a TA perspective, with an ATH of 10x previously. This does come with the pitfall of plenty of support turned resistance points and other prior resistances to get back through. This coin piqued my interest a couple of months ago because of all the traded volume...not sure if it was manipulation - there were rumours but I...
Some may see this as a cup and handle that so many coins are showing right now (since 21st March). However the volume profile doesn't match as well as I'd like... the volume was very strong pushing up to the left hand side with a lot of sellers falling out as the price then fell to the bottom of the 'cup'. However the volume pushing up into the right hand side is...
ETHOS - the volume on this coin can't be ignored , bullish wedge is developing on top of bullish wedge. The squeeze between the most recent resistance downtrend against the bottom trendline (orange) is developing and I anticipate a breakout - likely a big one due to the massive volume increase - within the next couple of weeks if not sooner. twitter.com
Hit first resistance but I'm not convinced Wave 5 has completed properly yet - I can only see two distinct impulses within it so far. RSI was overbought and there was some bearish divergence on that and the MFI which forced the retrace, however there was a big volume spike. May see a brief retrace then another go to make it to the 1.618 fib or the next resistance...