Looks like eth has been follwing this descending channel for a quite a while now but as suspected it hit the previously strong resistance level at about 358 and has now found it to be a nice support. MACD is showing bullish divergence on the daily chart right now. It looks like some life is coming back into eth, the rsi is at way oversold levels which this coin is...
More sideways trading for eth for now, looking for volume as its running pretty flat. There are 2 major resistance lines right now. The first resistance is being tested right now but without the volume needed its going to be tough to break out but if it does then look for a swing up to the 2nd resistance(labeled in chart) we should see a nice upswing if both these...
I know ev4ryone is and this coin is pumping hard right now. There is some big news coming this week which is really pushing it along. Right now were testing resistance, former support, from the decline of ath. Also were in an ascending triangle so if the bulls can push through the resistance and out of the triangle there is really no upside resistance until around...
Call me crazy, everyone else does, but this is how I see VEN playing out over the next couple weeks. Hopefully soon than that but I'm being conservative on my timeline here. Everything is explained in the chart but basically calculated using the daily candlesticks. Looks like we just completed mega wave 1 and now 2 with a fresh set rolling in. This could be the...
Right now im looking at a support level at about the 103$ mark for litecoin with a possibly bounce to 130-150 range from there. Watching this closely to confirm the bounce before entry. Could be a long way down if 100 is broken to the downside. Bearish markets and bad news for the coin is having a very negative impact right now but the chart is looking great for a...
As you can see from the chart there are a few resistances at play here with the big bad strong one being labeled as resistance 2 on the chart. IF we can break through these two resitances then target 1 should be easily attainable with a possible 2nd target of around 840k. Look for a couple bounces here off resistance though. My play here is to wait for breakout...
Based off of strong support and resistance lines I see a short term trade developing here for VEN. Although I am a long term believer in this coin especially with the rebranding and new listing coming monday right now there is some sideways action that has a potential for profit and rebuy. Right now were looking for it to bounce off support at around 660000 and...
heres a projection for tron based on elliot waves and fibonacci extension. Price targets and waves are layed out in the chart. It has been following a steady uptrend the last few days and recently broke out of its ascending triangle to continue up impulse wave 3
In my opinion there will be a short term rise based on a 1:1 fib extension This trade with a 1% stop loss set and an 11.5% potential gain has a R:R ratio of 7.88:1. I'd like to hear any ideas you might have as im pretty new to TA and am looking for some good feedback on why you think this will or will not work