russellcmaxwell

russellcmaxwell

Price is trading below the 20, 50, and 200 ema. As of this date the 3034 area is showing support with resistance coming in at around 3403. Technically, price is trending down, but seems to be trading in a sideways pattern at this time. A break above resistance or below support would offer the best trading setup in my opinion.

russellcmaxwell

I think it could hold and bounce from here or possibly retrace to the lower trend lines. What do you think?

russellcmaxwell

Eth looks like it's trading at the top of a wide, upward sloping, channel. The 20, 50, and 200 day moving average are all spaced apart and pointing upward confirming the uptrend, but the bearish divergence in the MACD is concerning. It's going to be interesting to see if price breaks above the tend-line into higher highs, or if it returns to the support trend line...

russellcmaxwell

It looks like eth has formed a small head and shoulders pattern, and on a longer time frame looks like an ascending wedge which both has a bearish tendency. Bitcoin on the yearly chart appears to me to be in an overbought condition and is meeting resistance nearing its OTH. Since the market tends to follow BTC, I would not be surprised if the market pulled back...

russellcmaxwell

Looking at the 1 hour chart, price action seems to be holding at the bottom trend line of what appears to be the formation of a bull flag. Volume has decreased significantly as compared to the recent pump, signaling another move in the near future. I'm waiting to see if it's going to pump to higher ground or retest the bottom of the upper sloping channel, or...

russellcmaxwell

Shiba Inu is now trading above a level has been a major resistant level. It appears that the uptrend momentum is strong. It's my opinion that it will continue, but only time will tell.

russellcmaxwell

Price is trading above the 20, 50, and 200 EMA with all three moving averages pointing up, indicating a clear uptrend. I think if shib can break above and close above the .00000961 price level, we could see the uptrend continue. Only time will tell.

russellcmaxwell

The top trend line is providing strong resistance and the 50 week EMA has crossed below the 200 week EMA. That alone signifies a downtrend. The price action is trading in a narrow range indicating a pending move in either direction. I feel like it's going to break to the downside, but only time will tell.

russellcmaxwell

If BTC goes they all go. Every picture tells a story

russellcmaxwell

At this point I don't know. Just waiting to see what it will do. What do you think?

russellcmaxwell

It looks like ETH is forming an ascending triangle and is at key support levels now. I think it's a good place to buy. So far a I think it looks really bullish and I'm watching to see if it breaks above the 2900 to 3000 area to continue the uptrend. What you think?

russellcmaxwell

I'm really surprised at how many gurus missed this. As you can see the chart speaks for its self.

russellcmaxwell Updated 

The question is weather it can break thru resistance of the lower trend-line that forms the ascending bearish wedge pattern. If it can't, the downdtrend will continue I believe. What do you think?

russellcmaxwell Updated 

This is my thoughts about support and resistance in ETH. I think we will see a big move in price after breakout from the triangle that is being formed. What do you think?