NEO/USD uptrend line is poised to re-test the 100MA in the next couple days (May 4, May 5, or May 6). Previously the 100MA acted as a short-term resistance. If this currency follows the trend of BTC, ETH, and other currencies then it is likely to break through the 100MA. This is why I am long. My bullish outlook will be incorrect if the 100MA continues to act as...
The log-chart support and resistance lines from my previous post have proven to be good reference points. is currently in a resistance zone, will it break out? If so we should initiate long positions. Stay safe out there. -Brady Dark grey: All-time high to second peak resistance line. Light grey: Second peak to third peak resistance line. Red:...
Hi everyone, Are we ready to but our bull masks on? Let's take a look at some analysis on COINBASE:BTCUSD on the log chart, daily candles. Why do I use the log chart? It gives the most touches for support and resistance lines, and it does a much better job of predicting long-term trends of BTC and ETH, where network effect causes exponential growth and decay....
Hi everyone, It seems that everyone is nearly ready to call the great bull market of 2018 on COINBASE:BTCUSD and COINBASE:ETHUSD . Have we broken out yet? If so, where is the volume? Valid questions. Let's check out the analysis. Over the last year, the log chart gives the most touches for support and resistance lines; that is why I use it here. The...
NULS/ETH on Binance BUY triggered based on the charting principle bear flag. Analyzed on 4h and 1d candle chart. Buy price: 0.0038 Target price: 0.0046 Stop/loss: 0.0035 Risk : Reward = 1 : 3 Let me know what you think and if you agree!