breakout from the resistance trend line just happening. let's follow.
I think LTC will follow this green channel for the long run. Let's see...
In log scale, BNBUSDT shows a clear uptrend in the green channel shown. BNB is strong with the upcoming events from Binance such as: 1. Margin trading live in binance.com 2. Binance.us 3. New IEO from lunchpad 4. binance dex is seeing adoption 5. Coinburn will take place on nearly 15th of July. Expected price is 60$ within first week of July. Let's see.
Hello, XRP/USD in the 15min chart shows an inverted head and shoulder pattern. This means that when the right shoulder is complete, we may see a breakout to the long expected 0.5 USD.
Fibonacci retracement will act as a support and strong BNB will bounce to the next level in fibo.
Symmetrical tirangle pattern is clearly visible. Possible breaout direction is expected to be upside because of the general trendline. Fibonacci levels shows possible profit locations. Wait until the breakout confirms. Meaning at least 1 candle closing above.
Fibonacci level 50 and 23.6 will be our resistance levels. 23.6 is harder as you can see it's been traded much more. Currently stoch RSI is oversold but pointed up. I take it as a buy signal. Exit strategy is : Look for fibo level 50 if it reject then sell to buy from the dip once more. I think first touch could be rejected but 2nd one will pass through until the...
Massive dump happened today. Everyone was expecting this. Question is how low can the BTC price go. Fibonacci level 38.2 coupled with huge support zone in 6800-6300 USD may hold the drop and reverse the trend once again to the bullish trend. If not level 50 in Fibo around 5800 USD should hold it.
This time I give a shot at analysing price action in shorter time frame. We will one last time test the resistance and most likely will breakout from it. Next level will be our resistance and breakout level will be our support. Let's observe together.
Handle is being formed... Expecting a rise in few weeks. Price of VET could go up as much as the depth of the cup. Wait until the handle formation finishes.
Cup is formed. Now the handle is almost finished. We'll off to go to the 7.1-7.2 region where the depth of the cup finishing.