Does it continue in the downward channel, or does it respect the upward trend support line and breakout of the bull flag? I'm betting on a breakout. Fundamentals behind this project are strong, and I don't see the price getting lower than this ever again.
Oversold on the 4h, meeting resistance at channel support, descending wedge pattern playing out
Prediction: NEO will break above 2/1 Gann Angle shortly (next few days), signaling trend reversal. . Bitcoin passing ATH's + Scared idiots taking their money out of NEO after the red-pulse news has caused a huge dip in NEO's price, but it's recovering very well. I've seen such heavy resistance to the FUD about Red-Pulse that we're going to reach $38-$40 and...
We can clearly see, using the Gann Fan indicator, that there is a very likely possibility of the 2/1 line being broken to the upside. The ichimoku indicator tell us that price is crossing into the Kumo and if there were to be a Kumo breakout, we'd see it around the same point at which the Gann Fan indicator tells us it will happen. Couple the technicals with...
Using the Gann fan indicator, we can see that NEO price is close to breaking above 2/1 line. Nothing above 1/1 is bullish. Get ready.
Symmetrical triangle formation, maybe it'll breakdown or breakout. Breakout/breakdown length is typically the length of the height of the triangle when it starts. That would put us almost perfectly at previous support/resistance levels. Possible double top in our future. Not completely loving the RSI on the hourly, but the thin Kumo is good sign of weak resistance.
Here are my continued thoughts on BCC. We're currently in a descending triangle and probably going to enter into a double ZigZag Elliott correction wave. Who really knows for sure, but the pattern seems tone setting up. My target is still ~$600 for now. Check out this resource and let me know if I've missed anything: www.elliottwave.net
It's possible we're gonna see an additional leg of the zig zag (Z), which would mean it'll bounce off $560 again or move lower to my first target of $520.
Here's a simple analysis of BCC - Target is $600
Here's what I see happening at the end of this massive bullish pennant (in no particular order): 1) 75 & 100 day moving averages about to cross 2) touching support - held yet again 3) touching sekou span A - usually a good sign a trend reversal is about to happen 4) Stochastic indicator showing oversold condition with imminent crossover 5) touching edge of...
I see XRP bouncing off support and making it's final moves inside this massive flag formation.
Ripple seems to be ready to breakout and things look good for the bulls. my analysis may be complete shit but I think there's something going on here. We'll see.. I'm holding.
Who knows, but I do know ETH is in an uptrend right now and It's looking good to me. Maybe I'm looking at the wrong chart? :)
I think a breakout is imminent, and here are some possible paths for that. Let me know your thoughts on this and let's see what happens!
I believe this is the end of the recent downtrend that started on 6/24 - We just experienced a double bottom (around 0.21) and it looks like we're on our way out of this downtrend. I hope to cross the cloud, reach resistance around $0.25 - $0.26, then bounce off senkou span B and continue on up. I'm just getting used to Ichimoku, so please forgive me if I'm...
I'm fairly new at technical analysis but I think XRP is on it's way up to at least $0.30 shortly. It has been traveling along nicely like I hoped (besides today's ETH crash over the Vitalik Buterin fake news). It seems to be back on its way up like it's 'supposed' to be. Hoping to see some $0.30's soon. I entered at 0.29 a few days ago and held through the storm...