MitchMilli

MitchMilli

Needs to break above .52 to begin a new uptrend. Breaking below .485 could send us towards .45 then .40. I even can see a case for a retest at .33-.34 in a worst case scenario. However, if 2017 taught anything is once XRP begins to climb a short strategy is a quick way to get rekt. The true short trade was weeks ago in the .70c region. Certainly there...

MitchMilli

Break above .50 would warrant a climb to test the top of parallel channel and beyond . Not Investment Advice.

MitchMilli

Looks to be retesting previous trend line. Oscillators for larger timeframes have cooled off and refueled. Time will tell. December is going to be wild!

MitchMilli

Looking good across multiple timeframes. .92 is asking for another chance The current chart setup may take us there. Not financial advice.

MitchMilli Updated 

Likely to see some bullish action resume if zcash holds the $65 level. I expect a pretty strong impulse if we do, most likely taking out the recent high.

MitchMilli

All indicators are pointing towards bullish movement to resume across most of the crypto market. Had some healthy selling after insane gains. Could be quickly headed to $1 and beyond.

MitchMilli Updated 

Setting up a support test of the 50 day MA on the 4 hour chart which also aligns with major resistance. reversing here would keep the 1hr chart from death crossing. We will see as the trend develops. Breakout to the upside would need to make another attempt to breakout above the .80 resistance and succeed in order to resume parabolic gainz.

MitchMilli Updated 

Big falling wedge pattern in ZEC/USD. $70 is key support level. Price briefly tested this area recently. Would make a great base for a huge leg up. In order to confirm breakout of the falling wedge we will need a candle body close above the light grey diagonal resistance line. Look for a retest upon break out but sentiment could switch to bulls...

MitchMilli Updated 

Lets try this again..

MitchMilli Updated 

Here we go again...

MitchMilli Updated 

Not Investment Advice.

MitchMilli Updated 

Simple analysis for the near future shows Stochastic RSI hinting at a reversal. Possible "W" bottom formation followed by a higher low. Ascending support line. Strong buy volume. A positive weekly candle close could push price towards 30 cents. Negative candle will send price to retest ascending support line around 22 cents. Flipping that 30 cent level...

MitchMilli

The white line on this chart represents the second in history and most recent Bitcoin halving. Notice the bullish price action that followed. Simple economics really. Supply is reduced whilst demand increases. I believe the same future lies ahead for ZEC. A privacy minded fork of BTC that has survived this market for years. There was much dislike for an...

MitchMilli Updated 

Info on chart. Look for support near green box to add to long position. Not Financial Advice.

MitchMilli Updated 

Info on chart. Look for support near green box to add to long position. Not Financial Advice.

MitchMilli

Looking back on XRP Bitfinex chart I see this H&S pattern drawn quite a while ago and how the neckline has been significant this whole time. Would of been easy to say this was invalidated after price did not initially complete the right shoulder. Eventually over time the neckline resistance was met and briefly exceeded. Price then broke below the neckline which...

MitchMilli Updated 

just now As the weekly candle closes for Zcash we edge closer to a decision point. Following a major multi year sell off that was briefly interrupted for a few short rallies ZEC has been forced to a point of decision. It just so happens to align with the reduction in supply in terms of block rewards. Possible "W" bottom formation followed by a higher low on the...

MitchMilli

Currently in a big pennant. Macro trend resistance lies around $110. Positive weekly candle could break price from range and begin to head towards the major resistance levels as outlines in previous posts of mine. Negative weekly candle could push price to the bottom of pennant near $50 or lower if that does not hold as support. Not financial advice. Like...