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trend change on 4h chart and possible daily.
Long opportunity, provided the fed maintains an Hawkish approach to the rates.
Confluence of support with visible rejection on multiple TFs.
To start off this little essay I'd like to start off with a disclaimer - I'm no visionary and unfortunately still incapable of exact event-prediction, therefore this analysis is a pure digression through my thoughts and an exposition of ideas and my current bias in the whole crypto-sphere.
I've grown to become a believer that Trading Analysis without a ...
Stochastics have crossed down on the 4h, there's still plenty of room for a move down until it reaches an oversold region. There's hidden bearish divergence on the RSI, a spike in sell volume (as a trend starter) and an obvious H&S pattern that could take us below the 7k region.
Assuming start of wave 3 bullish - first breakdown of the wave 3, should involve a retest of falling trendline (10500), test the 9500 as support, then break above the TL and move upwards to above 12k
Gartley Pattern on the 1h TF - Resistance at TL, 0.382 fib level, hidden bearish divergence on RSI, decrease of buying volume and PA pointing to reversal of price.
NANO seems to be forming an ascending triangle as part of a reversal pattern from the recent downtrend. There's been a visible decrease in selling volume the past few days and a sudden recent increase in buy volume (continuously increasing on the 4h time frame) that may be indicative of a trend reversal on its way). It's safe to say that a buy at the touch of the ...
Bitcoin appears to be forming a Head and Shoulders pattern on the 4h TF. If the Right Shoulder does manage to finish forming then a break below the neckline would trigger a sell off down to the 8k level.
Short biased for now.
Bitcoin had a very impulsive downtrend yesterday bringing prices below the 10k level. We've seen the support at 9500 being tested twice already and the resistance at 10k being retested once so far. The first rejection of the 1st test of the 9.5k level was enormous, but easily explained by the equally enormous red candle that preceded it. Profit taking occurred at ...
NEO formed a tweezer bottom/bullish harami on the daily time frame. It's also broken a major trendline, having closed above it and retested it as support on the 1h time frame. If this bullish advance is confirmed (requires a break and close above the 0.0103 level) then we should see a rally up by NEO within a rising wedge which will culminate in a correction. The ...
On rejection of a major Trendline resistance, XLM has formed the left shoulder and head of a Head and Shoulders pattern on the 4h TF. The right shoulder has already reached its peak (assuming trendline holds as resistance) and on break of the neckline we should see a downward move of a minimum of 12% on XLM trading against Bitcoin. For now keep an eye for a move ...
Ethereum is still correcting. It appears we're on the 3rd leg of an A wave. There will be an opportunity to long ETH at the 0.5fib for the B wave, followed by a last C leg down to the .786 level.
LTC is behaving in corrective waves pretty much since it hit binance. First ABC finished with a 5 wave impulsive C, but thereafter we're witnessing 3-3-3 corrective waves all the way up to the top that was hit recently. We're currently reversing trend from a double bottom and I expect price to come back in a 3-wave structure to previous ATH (this should be a B ...
EOS currently in a little consolidation zone. It's testing previous major support as resistance. The previous 4 daily candles are heavily bearish with extremely long wicks to the top (shooting star yesterday). If price breaks downwards off from this consolidation zone then it'll first head to the 0.5 fib level where it will find resistance and more likely bounce ...
Bluzelle starting wave 3 of bullish trend. Targets on chart.
currently worth going long as ETH plays the pitchfork channel as part of the start of a big 3rd wave in the long term prospective (to put ETH well above the 0.1BTC level). Currently ETH is still due a 5th wave on the current movement and that should take price to the drawn level with a confluence of multiple levels of resistance (and TLs). Price has just finished ...