After having fallen out of the ascending channel BTC appears to have found descending support with a descending resistance line above it, BTC appears to have fallen into a falling wedge formation which on the surface appears to be a negative down trending pattern, but could be a sign of building bullishness. As BTC falls down lower into the wedge there will...
Here shows BTC activity vs USD over the last several days leading up to the major correction where BTC struggled to maintain above the line of major resistance that traced all the way back from the previous ATH and the second wave that tested the ATH resistance. At the moment BTC is inside a downward channel but analysis is showing strong signs of intersecting...
Potential double bottom trend reversal with LTC breaking out from falling wedge. Depending on what BTC does LTC may be a step ahead of BTC in trend reversal with BTC following close behind. This is a pair to keep an eye on in the near term as there is a great deal of positive news surrounding LTC in the coming week ahead.
Seen here is another take on the pennant that has been developing for some time now but has still yet to develop as of yet. However in comparison to the LTC BTC trading pair there has been the development of a falling wedge simultaneously. These converging patterns could suggest a massive appreciation in value of LTC over both BTC 7.03% and USD which could develop...
Seen here is what appears to be a falling wedge pattern which on the surface suggests a decline in value versus BTC however in comparison to the LTC USD trading pair there has been the development of a pennant pattern simultaneously. These converging patterns could suggest a massive appreciation in value of LTC over both BTC and USD which could develop within the...
Looking at the chart we can see that BTC has been on a very bullish trajectory and seems to have broken out above the ascending channel that it had been bouncing around in since February 7th. The chart shows how the previous resistance line may now be acting as a support line and the next resistance line holding BTC back from climbing is the .786 Fibonacci line....
Charts are showing possible inverse H&S trend reversal indicating that XLM may have bottomed out. As of this publishing, XLM is maintaining at about the light support of the neckline of the H&S pattern. Should this pattern continue XLM could be heading back up to the upward resistance levels.
The last few XLM breakouts have occurred after an extended length of consolidation prior to the run, similar consolidation is occurring again along the length of the channel support so this continued development is something to watch. See the charts highlighting the consolidation zones just prior to the previous breakouts in comparison to the current consolidation...
NEO vs USD is currently approaching major lines of resistance, depending on market sentiment of bullishness to bearishness NEO could push past its major resistance and make an LTC type breakout that occurred earlier this week, this is trading pair to keep an eye on in the near term.
What the charts are showing are the major support and resistance lines drawn from the price action of XLM versus BTC from the last week and a half. So far XLM has stabilized within an ascending channel with a positive slope.
This channel has fairly strong support shown in the chart by the solid and dashed green lines, technical analysis suggests that this...
Having broken out of it's bearish trend early LTC is set to continue bullish trend and seems to be only slowing against the Fibonacci lines, should this trend continue without a major slowdown or correction LTC could be set to hit new ATHs before going bearish.
Given recent activity of BTC and with XLM rising and holding stout possible upward breakout could happen should XLM stay within the parameters of the symmetrical wedge and BTC continue its bullish trajectory.
Buy indicators would be XLM breaking the upward resistance line of the wedge in the green zone indicated. Run could continue into the first gold box to take...
It kinda looks like a cup and handle pattern forming if you manipulate the the chart in just the right ways, who knows... BTC can't go down forever am I right? I threw the fibonacci regression so it would bounce off a support line, that is if it actually does. HODL!
