This broke on the upside. I would take caution as the Descending Triangle is generally a bearish pattern. I guess the triple bottom at 3, 4 and 6, or A and C of ABC elliot wave correction attracted some buyers and buy volume came in. Descending triangle generally means demand for an asset is weakening as price fails to establish higher highs. Price crossed 50,...
Can't set accurate targets because manipulation seems clear in history, but large upside on this one. Broke out of accumulation in December and has been up trending. Buy small bag, set and forget.
Stay on the lookout for this Low Risk:High Reward Full Retracement Completed DGB Reached previous support
Chart says it all. Buying a small amount and leaving it for a few months..
Bottomed out, waiting for break of local swing high for safer entry. Volume kicked in signifying bull awareness & action. Downtrend broken. Price crossed 25MA. Targets based on resistance + fib levels find more Investment ideas at thecryptolabs.com
Technical Analysis Symmetrical Triangle Siacoin is in a symmetrical triangle very close to the apex (meeting of up trending and downtrending line) and should break out soon. The closer to apex, the closer to breakout. 2 Lower highs and 2 higher lows confirms this triangle is valid. Volume contraction / reduction also validates Symmetrical Triangle...
Support and resistance levels are critical in financial markets. They are very similar to pivot points, except simpler. When the price of a pair goes up to $10,000 and goes down to $9000 USD, that $10,000 USD zone is now resistance. If it bounces from $9000 and up to $11,000, the $9000 level is now support and the $10,000 resistance is now broken and could...
On the left side we can see the anatomy of an uptrend and downtrend line. On the right side we can see a few examples, which should help build a mental image of how they look and work, in action. Trend lines are the foundation of technical analysis. Uptrend lines are formed by higher lows and signify a bullish trend. Pullbacks don’t specifically get smaller...
Ascending Triangle Pattern gyazo.com Catapult Release, XEM 2.0 coming 31st coinmarketcal.com
MACD at bottom RSI flat lining STOCH RSI bottom Seller volume decreasing
We finally broke the downtrend, good signal that we are bullish! Price can still fakeout and head downside, so we are looking for downtrending resistance to be tested as support to increase position size. Trading without confirmations like stated above is risky. Main target is 20K.
Take a look at the chart. I see 2 possible scenarios playing out. 1. ABC Correction. we can be moving downwards in wave C and be heading to next support around 9K. This would be good as we would close our position and get ready to re-enter as we catch the bottom and see bearish exhaustion and ride Elliot wave 12345 upwards, as cycle starts. This should go to...
Watching for a breakout of falling wedge to the upside. Volume has started coming in, MACD moving up. We can wait for top resistance to be tested as support to enter if risk tolerance is lower, or to add to our position if you entered in breakout.
If we zoom out, we can see that we can still move downwards due to RSI, MACD, Wavetrend Oscillator and candlesticks in logarithmic chart.
We saw a sell off and drop of over 1.5K usd value of btc in 2-3 hours, it has stopped the entire alt-coin rally, so it is essentially that we look at and watch this pair. we are looking for bounces from support level and possible market exit if falls under 16k, as there is not much support until 13-14k and things can bleed deep. then we will look for reentry.
QRL seems to not have only found the bottom but we have received buy signal from CM_Stoch_MTF which has proven to be very accurate in the past. It is sitting a little above hard support and has huge upside potential, with minimal risk. We have entered this with a small position.
Dogecoin follows explosive cycles and loves to see pumps. Nothing more, buy a small bag and hold for possible 5-20X.