ScottMelker

ScottMelker

I can't believe I am saying this, but XRPBTC looks interesting here. - Hidden Bullish Divergence on daily - Approaching long term descending resistance - Traveling in bullish descending wedge. I would not buy until it breaks out of the wedge.

ScottMelker

- Nice bullish divergence on the hourly. - Hidden bullish divergence on the daily. - 4 hour is tragically oversold and working on a potential divergence as well. Still needs to break descending resistance from the wedge it is presently in. Lots of potential.

ScottMelker

$FTC is one of few coins that is oversold on the daily. It's showing hidden bullish divergence (lower lows in RSI channel with higher lows in price triangle) going back to November. Found support on RSI and price. This will take a while to develop, but has HUGE potential.

ScottMelker

XZC is starting to get interesting. It has been consolidating in a symmetrical triangle, and is targeting the resistance line for a potential breakout. RSI just broke out of a triangle, which should help continue to propel price upward. This is not a buy yet - for now it's watch and wait, with alarms set on breaking resistance.

ScottMelker

VEN breaking out of bull flag - but where's the volume?

ScottMelker

$BTC is forming a bear flag. A break from the bottom of this pattern would likely target the red line (calculated by the length of the flag pole). Let's break up instead, ok?

ScottMelker

NULS is in yet another bullish pattern, this time a descending broadening wedge. The target of this move is the top of the wedge. Price is presently in no man's land, so entry would be either a bounce from the bottom of the pattern or break through the top.

ScottMelker

As a result of the BTC dip, ADA formed a bull flag and subsequently broke out. The coin also continues to hover in the center of the daily ichimoku cloud, which should lead to a move targeting the top of the cloud.

ScottMelker

AE recently pumped, and is consolidating in a descending parallel channel, AKA bull flag. The lack of history on the coin makes targets and fibs a bit difficult, but price is currently finding significant support on the one usable horizontal line (in blue).

ScottMelker

BNB is working it's way out of a bullish ascending triangle, printing higher lows and equal highs. Assuming it does not break the ascending support line, this should lead to a bullish breakout of the upper line.

ScottMelker

ENG has formed a bull flag over the past couple of weeks, and is testing resistance for a break out.

ScottMelker

VEN is testing a major fib level and horizontal resistance, poised for a breakout. It tested ascending support successfully, and is well into the 12 hour and daily cloud. A strong push up here should first target the 0.00045 area (where there is clear horizontal resistance), and after that the next key fib levels in the 0.000509 area.

ScottMelker Updated 

Quick look at $QTUM 1. Forming a nice bull flag (pink) 2. Hidden bullish divergences on multiple time frames. 3. MACD bullish crossover on the 4 hour. 4. Symmetrical Triangle also playing out. Finding heavy resistance at the 200 EMA on the daily.

ScottMelker Updated 

TRX has been making lower lows since March 18th, while failing to make higher highs. This creates an ascending triangle, which TRX is now breaking out of. Target is the depth of triangle - which would put it in the 900s. RSI is overbought across the board, so it could use a small pullback before continuing higher.

ScottMelker

NULS has formed a MASSIVE bull flag, with the pole extending from the all time low to the all time high on the daily chart. It just broke up after almost 4 months. This will take time to develop - get your popcorn.

ScottMelker Updated 

Pretty self explanatory. POE is traveling in a descending channel atop the flag pole from the most recent bullish movement AKA bull flag. Within the flag there is a symmetrical triangle (blue lines). RSI is respecting the uptrend on the 4 hour. Expectation (assuming BTC behaves) is that price will continue to appreciate, with a break up of the triangle leading to...

ScottMelker

LSK had a strong retrace of just more than 78.6% of its complete movement from the pair's absolute high and low since being introduced to the Binance exchange. Price is currently sitting above that retracement level now, as shown in the daily chart on the right, and recently pushed through the top of the symmetrical triangle. Further upward movement is being...

ScottMelker

ENJ Breakout