CryptoRush_

CryptoRush_ Updated 

COMPUSD has been on a tear these 2 days and looks too overextended on the 12HRs and under hourly timeframes The bearish case: 1. Market structure: price action got rejected at the 78.6% Fib level, which is at about 270 USD. 2. Volume: the rejection at 270 was with decent sell volume , which is at about the same volume with the previous 2 green candles. 3. RSI:...

CryptoRush_ Updated 

The bearish case: 1. Market Structure: Currently there is a head and shoulders clearly forming on the 12HR chart with the price action trying to get break through the 21 daily moving average. 2. Volume: The weekly candle this week is not a convincing indicator to expect higher price action - The bounce looks weak with low volume. 3. RSI: Weekly RSI is in...

CryptoRush_ Updated 

Has been in a downtrend and looks to be bottoming out as it is near the apex of the current falling wedge. Bullish divergence is notable on the 12HR chart. It does have quite bit of moving averages as resistance to break through, with the highest one currently at 0.001466. The measured move of the breakout is higher than 0.0020.

CryptoRush_ Updated 

COMPUSD has broken out of the previous falling wedge pattern with a target indicated in the chart. It has also recently broken out of the larger timeframe moving averages as resistance. Volume shows increasing buyer volume on increasing price, with RSI on larger timeframes under 70, which makes the case it can go higher.

CryptoRush_ Updated 

Bullish Case: 1. Market structure: an inverse head and shoulders pattern is apparent on the daily chart. The measured move is 287 USD (205-123+205). 2. Volume: it has been steadily increasing in the past 5 days with price, including today's, which should result in the highest volume so far. 3. RSI: only the 4HR timeframe is in slight overbought territory at...