This might be crazy. Or maybe not. What do you think?
Possibly consolidating through a symmetrical triangle.
Period of consolidation -- check Low volume -- check MACD crossover -- check RSI neutral -- check Bullish on 4h and 1h ichimoku cloud -- check Good luck!
POT recently broke out of its bearish linear regression channel and made a move upward. It found support at the 50% retracement level and is not bouncing upward. A break from its current correction regression channel should bring it to the first target zone indicated in red. Target #1: 2317 Target #2: 2450 Target #3: 2984 Note: This is not trading advice!...
Still looking fairly bullish, but may take some time to retrace before moving again.
BTS recently broke through its linear regression channel, retested the top, and bounced upward. This brought it out of the 4h ichimoku cloud with a bullish future-cloud and a lagging span in "open space". Volume profile doesn't put much in our way in the short term, but zooming out a bit we see that there's going to be some resistance on the way up. Overall very...
LTC broke out of a symmetrical triangle earlier today, then tested the top of the triangle as support. It found it, and is now working on a break out. Ichimoko cloud confirms a long trade: -Future Senkou Span A over Senkou Span B: bullish -Price above conversion line: bullish -Conversion line above base line: bullish -Lagging span "in the open": bullish -Price...
If lower support is broken, go short. If it holds and makes a reversal, go long.
It's been consolidating for some time now. It's been very bearish on the 4h ichimoku cloud, and is slightly bearish on the 1h cloud. However, it's just beneath the edge of a very thin cloud, and movement upward wouldn't face much resistance. Neither would movement downward. RSI and MACD are no help here. Be ready for movement in either direction.
TRX is currently in consolidation near the end of a falling wedge pattern. These generally break upward. Confirmation will be on breakout through the top of the triangle.