NEO popped hard in the past few months, but appears to be moving in a descending channel as of lately. Currently, we're testing the very bottom of that channel, which also happens to be the __ fib level. This fib level has acted as major support for quite some time. I think Neo has a great chance of moving to the upper area of this descending channel, but keep...
You can see we previously completed an inverse H&S signifying the reversal of our downtrend. We now have what looks like a cup and handle forming. RSI nearing oversold levels and beginning to reverse. MACD (potentially) starting to turn over as a confirmation. I say go long. T1: 180-200 T2: 250 T3: 300 Not financial advice, blah, blah, blah.
Symmetrical triangle forming - most people on here are saying it's a bullish pattern but it's not, its a continuation pattern. This one just happens to be bullish due to the fact that it's occurring in an uptrend. In the overall scheme of things, we are still in a bullish pattern. However, the recent short term trend has been bearish with the lack of known...
Zclassic is starting to tighten up a bit along the .618 fib level, which appears to be an area of reasonable support. I think that we're going to make a move to either the .5 or .786 fib levels reasonably soon. A move to the .786 fib level makes more sense to me though, as we've successfully tested .618 three times. I believe this is also evidenced by the fact...
After the fork announcement dump, zclassic has hit a critical area of support. Break downward could lead to 90. Successful test could lead to 120-140. This is a great potential entry point, just have your stop loss set. Should moon in the next 2 or 3 weeks either way, so if you got burned by the dump, don't sell as a loss and just hod'l.
$SHIFT appears to be forming a nice symmetric triangle on the 1 day and 4 hour charts. That, in combination with the current short term pattern of higher highs and higher lows, Stoch RSI and MACD turning up (as a confirmation), there is reasonable potential of an upward breakout. I want to stress that the breakout isn't a lock to go upward, but the signals I'm all...
Initial pump from announcement last night has settled and it began to form a head and shoulders. This indicates a downward drop off, which then followed. The drop off has now seemed to form a potential cup and handle which could break lead to a break out, especially with the official bitcoin private fork announcement coming Sunday.
Still very bullish on $ETC for the next 30 days, but the first few of those days might be spent doing a little recovering. Set your stop losses, especially with the possibility of a king bitcoin taking a dive. If etc dips, buy back in on it and hold til late march for airdrop pump.
$ETC is looking bullish on the four hour. Big fan of using different indicators to look for patterns and we have a match on the stoch rsi. Every time we get a cross under 20 on the four hour we pump anywhere from 6k to 10k sats. We're about to cross over, the 4hr candlesticks are consolidating and the Castillo fork was just announced for the coming month. All...