Did you miss the adbank train? No worries! After a massive 700%+ rally off the lows, adbank has come back down to earth and seems to be setting up for another push! So long as our supports hold, Adbank looks good to take a crack at the highs. We need to establish support on the yellow highlighted area! This would be a key area as it also sits right above our .618...
Atom in a bullish pennant, and possibly on the way to breaking out.
In my opinion if you are in a long position i would start looking to get out soon. The only way id be bullish right now is if bitcoin just made a sudden move back above the trend line and reclaimed it as support. The trend is you friend, untill its not, the support line seems to be acting as resistance now. Big money could easily dump on longs right now into the...
These patterns are usually continuation patterns. So the most likely scenario is a breakdown from here. However the OB V seems to be bottomed out, and bulls could take over here, resulting in a bear trap. This scenario would be bullish and the target would be the upper resistance illustrated. Breaking down here and we will see substantially lower prices.
Mid caps getting bullish.
ZEC is currently undergoing a correction which seems to be near completion. The reason i am still bullish on ZEC is because the trend is still to the upside. The OBV is making higher highs and there doesnt seem to be any major bearish divergence yet. We are currently sitting on an important support. I expect a a move soon. Breaking the blue trendline would be a...