1W chart shows a descending triangle which is usually a bearish pattern. One characteristic of a descending triangle is a contraction of volume which is evident in the chart. Upon breakout volume spikes up. If it breaks out of this pattern, BTC might be going lower to mid 4,000's. Bollingers are also pinching which means volatility is impending. The bulls...
PBI has showed signs of recovery after testing a historical low in the $8 range. Looks to be following a 5 wave set up and completing wave three on the daily. Price might approach $10 for the completion of the 3rd wave. For entry, expect pull back to $9.00-$9.20 range and a price target for wave 5 @ $10.20-$10.50 followed by a subsequent ABC correction. RSI...
Nano looks very bullish in the long term due to a massive falling wedge formation. From the all time high on Binance this coin has retraced nearly 84%. Support is at the 4800-5000 range and may test the lower end of that range if BTC continues to decline. Keep an eye on the candles.
This is not financial advice.
Short term target could possibly be 1900 range. Price has hit the .618 fib level and needs to hold. Price currently sitting at lower BB on 2HR chart. All contingent on the movement of BTC, if BTC breaks lower we could see ZIL test 1500.
This is not financial advice.
The areas circled are times when the 55EMA crossed over the 200 EMA. The last time this happened, EOS began it's 500% run. The 55 EMA has just crossed again, OBV is creeping up and mainnet launch is June 2. Price action saw a minor setback when the flaw was revealed in their code. As of now, the 55EMA is acting as resistance and the 200 EMA is acting as...
Three Line Strike Pattern has formed on the daily EOS chart, which is indicative of a strong bullish reversal pattern. OBV is climbing. The bottoming coincides with the 0.5 fib level. With the hype around mainnet this upcoming week, price could see some significant gains.
Looks like since the all time high price has thus corrected hovering around the 0.5 Fib line. RSI has reset and MACD is curling upward. Looks to be completing a closed triangle pattern. Upward break of the pattern could continue the bullish trend. 0.0015-0.0017 can act as an accumulation zone until it decides to make a break.
Looks like the first major wave has ended and we are now due for a correction/retracement. Short-mid term bearish. Long term bullish
This is not financial advice, just an interpretation of the graph
It looks like EOS is still holding on the 0.5 Fib level during the correction. Wave 5 should be underway soon with a possible target listed above. What are your thoughts? Also, bullish divergence on RSI. Bollinger bands are beginning to pinch again which could mean more volatility. Looking for another upward break here to start wave 5. Volume may pick up due...
It looks like ADA may have just finished 5 impulse waves up and an ABC correction. MACD is curling upward on the 4HR. The blue like represents the 50 EMA and the redline represents the 200 EMA. Last time these lines crossed a downtrend occurred and the 50 EMA acted as resistance. Keep an eye to see if these lines cross.
This is not financial advice, only my...
EOS looks like it's beginning to pinch on the 2HR. It has been holding the middle Bollinger, look for an upward break of the upper band in hours to come. All contingent upon the stability of BTC over the coming, hours.
Please note this is not financial advice, but just an interpretation of the above chart.
New to TA, but like most coins today, bear flag is formed on the EOS 4HR. RSI is resetting and price has come back inside the lower bollinger. Bullish sentiment was strong before this dip, hopefully EOS can pull an upward break of the flag and regain momentum.
***This is not financial advice***
