The bullish reaction to the big drop 2 days ago started off great, but then really disappointed as the rally fizzled out really quickly. The volumes are dropping and have been riding near the bottom of the "uptrend" channel for most of the day. Based on my wave counts and the current Elliott Triangle Wave, it seems that we are due to retest the bulls at the 6000...
Hello Lads and Ladies, Today we are looking into NEOUSD. Many people were discussing and looking into NEO the last month. As well, they were questioning what is happening with it and where it is heading to. So as we see todays' chart. NEOUSD is located around $53. Since the January 15th NEOUSD has been in a constant downtrend, as we see in the chart highlighted...
OmiseGo is soft touching an ascending trend line, is in the pitchfork mid area, the only thing it needs is to cross above EMAs 10-26-55 and close the candle above them in the daily Chart. It's growth has been a sustainable one so I don't see other reason than a bitcoin price action reason not to have a healthy growth in the short-mid term for OMG. Modest Target...
Think the BTC going to 10700 usd or higher in coming week
Since my first post last week, I identified an Elliott Wave count at the very beginning of the 1st impulse wave. Since then, I've had to adjust the 2nd correction wave several times, as this is a much more protracted and deeper correction than expected. You can see that the correction fell out of the uptrend channel, but found several support levels outside of...
The price is moving inside a large parallel uptrend channel. Additionally, the price is forming a falling wedge bullish reversal pattern, which indicates the selling is slowing down, and a bounce is likely to happen soon, which also matches with the channel support line. As long as BTC is behaving well, NEO/BTC is likely to show very nice gains from this...
Hi guys, On the 4-hour chart we can see an uptrend move which has been forming since the 25th of April. The trend angle is near 30 degrees. The decreasing volume indicates a consolidation and an ascending triangle is due to break this night. If the trend follows an uptrend move with a 60-degrees trend angle until $780 support, where the 6th up Fibonacci...
Hi guys, Adam & Eve double bottom on the hour-chart for LTCUSD. Just wait the confirmation. We are also in an ascending triangle and RSI shows a hidden bullish divergence. First support is $157 where we had a rejection yesterday. Then, we could reach $162 if the double bottom doesn't fail. Have a nice day !
ending corrective as continuing confirmation of normalized up trend.
Looks like we have a change of speed. Let's see if we nicely bounce of MA25 to speed up again.
This uptrend line has been providing support for 3 years.
So using a small amount of BTC i had laying around at cex.io, I decided to practice my trendline/fib strategy skills on this crypto pair. As you can see, a nice uptrend channel has moved up fib levels and may be in one pull last pullback before hitting the full retracement. I going optimistically long using MACD crossing as confirmation that we're still in an...
I guess the Chart is self-explaining. There is a clear pattern in the channel. uptrend already going on after last correction.
Seems like the cross BTCUSD is in an uptrend started around 12000$ and headed for the previous high at around 19000. The trend is confirmed from the MACD crossover that reversed the path from bear to bull. In the absence of a major breakout of the trendline that is serving as a dynamic support I would expect a bull market.
Hello, we have here a great example of channel movement in showed pitchfork. Price just entered support Ichimoku cloud and it should bounce off it up, to showed point. If it lose war against support, it may crush hard back to about 2000sat, but its unlikely. We will see how long it will continue uptrending in this pitchfork, so its hard to say if its long or...