NomadaholicTrader

NomadaholicTrader

Retracement and consolidation looks to be complete and Stellar looking long (with many others in the crypto space).

NomadaholicTrader

Cardano is one of many cryptocurrencies showing signs of recovery, with big upside potential.

NomadaholicTrader

We've found our way down to this long term trend line (stretching from mid July). Can we close above it? Or will the Tether / Bitfinex news send us lower? If lower, then next targets are the monthly pivot lines at 8950, and the 61.8% fib level / previous resistance at around 8500.

NomadaholicTrader

The 50% level, coinciding with the previous high, and possibly the 50 SMA as it catches up to price, is looking like a good area for Ethereum buying opportunities.

NomadaholicTrader

Overall not a great picture at present for bitcoin. We are seeing a retracement from the December 16th high of 19187.78 NOTE: I have started measuring trendlines, fib levels, highs, lows, etc from close prices rather than the high or low. Crypto has been such a volatile market, and there are often price discrepancies between exchanges, so I feel that the daily...

NomadaholicTrader Updated 

Yesterday saw a strong close below the 50 day moving average, the monthly pivot line, and the low of the previous day. This also confirmed a break of the recent trend line. All bearish signals. The next hope for the bulls is that the 50% fibonacci level holds at around 12650, and we see a reversal from here. We are seeing an upturn in the stochastics, which would...

NomadaholicTrader

Following the recent consolidation phase, IOTA looks ready to make its next move.

NomadaholicTrader Updated 

Today is key. A strong close below the 50 day moving average will also be a close below recent trendline and a bearish signal. We could then see a move down to the 100 day moving average, which would coincide with the psychological level of 10k. However, a close today above the opening price of 14481 would show a rejection of the 50 day moving average, a...

NomadaholicTrader

We have broken the neckline of the head & shoulders pattern. Target $7000 USD