Hello Sia! Next Chandelier is here; Marathon & The Big Picture..The chart is self-explanatory but if in a few words; this is the classic MA100 MA50 battle. As you can see back in October/November '17 same story occurs:
- MA50 Resists (Check)
- MA50 Breaks (Check)
- MA100 Resists (Check)
- MA100 Breaks (Check)
- Bull (Check)
Today we are:
- MA50 Resists (Check)
- MA50 Breaks (Check)
- MA100 Resists (Check)
- MA100 Breaks ( ... )
- Bull ( ... )
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Ma100
Hello Monero - Long Bullish Gentlemen, every time we saw MA200, MA100, MA50 on a top-bottom sequence forming over the chart, it has produced a strong bullish move; it happened before in Jan/Feb ’15, Jan/Feb ’16 and now it’s happening again.
When we look back to Jan/Feb ’16 MA200, MA100 & MA50 we see a very similar scenario. The chart starts ascending breaking both MA50 & MA100 till it hits back when meeting MA200, onwards while its descending both the MA50 and the MA100 form a crossing support giving a stronger attempt to break the MA200.
Targets are:
0.0194
0.0214
0.0253
0.0326
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Bitcoin beginning to show its hand!Bitcoin has been playing in no mans land for a little while but decision time is fast approaching. It seems we have a bearish doji star on the Daily chart and there is a cross to the downside on stochastic RSI which is currently in overbought territory.
MA100 has acted as strong resistance. This coincides with the heavy resistance at the red trend line which has acted as strong support since September 2017 and as resistance since August 2018.
Using Fibonacci retracement, you can see the price has closed below 0.50 and we can now expect a drop now to 0.618 and MA50 at around $6600. This will be an important level because if $6600 holds as support, we can expect enough momentum for the bulls to take us back to the red trend line somewhere between $6920 and $7113, before either breaking through the red trend line and finding support if the bulls do find enough volume or, more than likely, potentially falling back to new lows from there.
If $6600 doesn't hold as support however, we can expect a potential drop to $5743 with a possible extension to a new yearly low $5555.
Target 1: $5743 (fib 1.272)
Target 2: $5555 (fib 1.414)
Ripple still struggling under MA(100) 1$ resistance.Hello everyone, since short, but fast bearish trend from 2018-02-20, which decreased price of XRP coin by 25cents, Ripple still struggling under heavy resistance of MA(100). Momentum is calming down which could signify a big move in the near future. If Ripple will break resistance of 1$ and bad news won't get to the surface, we could expect big things in XRP market in March.
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***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
[BTC/USD] MA100 Support can end this correction ?Hi,
I just saw today we have hit again MA100, and if you look at history the last time we have break MA100 it's on 10/2016. So after approx. 36 days in hard correction i think we can go up again and end this hard time.
In my opinion Bitcoin will up this week.
It's just my analysis, trade at your own risk.
*I saw some down trend will during 34-36days, and we are at 36days of correction so it's can be possible..*