Momentum at the current support (dotted line) is looking frail. Bears are likely to overcome this level soon and push DGB down to the stronger pennant support below (red) which also overlaps with lateral support (lower blue line). This doubled up level should provide bulls with a good opportunity to push back and continue inside pattern.
In the last week, Bears have managed to force XLM out of the long-standing bullish pennant pattern that has been forming on the 1D XLM/BTC chart since January. Bullish traders attempted a throwback to the support not long after exiting, but it flipped into a strong resisting point and overpowered the uptrend. Any hopes of a surging bullish breakout from the...
Look at the 1D XMR/BTC we can see that the current uptrending asset has met a strong resistance (white dotted line) which is preventing it from breaking cleanly through the resisting Kumo, on the Ichimoku indicator. CMF is showing increased buying pressure but now the asset has spilled into the overbought region on the RSI. Bulls will need to drive beyond this...
Hi guys, BTC is edging closer to the crossroads point, around $6,800. Ascending wedge pattern is typically a bearish continuation signal but we could see bulls reject this and push beyond the first resistance channel. If bulls achieve this, we could expect a throwback to the resistance, where BTC should then find support to continue uptrend (white line)....
BNB/BTC is positioning perfectly for a bearish head & shoulders pattern but EVERY indicator is saying otherwise. Despite what the indicators say, you can see how this pattern could be setting up. Clear neckline, prominent head and left shoulder, and a struggling Bitcoin market. Yes BNB is outperforming the BTC market right now but if alt-coins decide to have...