Siacoin in short term upward channelSiacoin is one of those coins that came down to earth after a huge bubble. The bubble formed a SHS-formation, the drop after this formation was halted by long term support line. Falling resistance got broken (green elipse) and an upward channel got formed. Look for the upward channel to continue, at least till it crosses the neckline (0.00000240 area, red elipse).
SHS
NZD USD SHS forming ?maybe just maybe ;-) a shs is forming ...break through trendline already done now give me a right shoulder and a neck break to get in...
if you seek the risk try your luck in smaller timeframe when a right shoulder is formed ....or you stay patient until we see a neckline break of this small innerTrendline/neckline..
if we break through support the idea is gone ...if we stay above there could also a double bottom coming in play...we will see... too much guessing and predicting
we have to react not to predict my friends :-)
letz time and price show us what to do ...
Dog Days of Summer: Bearish Short-Term, Bull Long-TermSee chart above for TA, below are a few comments:
LTCUSD pairing could take Path 1, supporting indicators include:
- Daily hammer formed 29JUL
- Stoch RSI is indicates that the pairing is oversold
LTCUSD pairing could take Path 2, supporting indicators include:
- MACD is deeply bearish
- Bearish divergence on volume since 16JUN upswing
- Looming SHS pattern.
I lean more towards Path 2. I will note that the $33 to $34.50 price range should provide some base support.
I am bullish on the long-term for this pairing, but some development news will be needed in order to help continue this uptrend.
Eur Sgd possible SHS formingcould be a forming SHS here ....again a nice rsi divergence while price formes a higher high
if we see the SHS completed and price starts to break its neckline we can get ready for a short ....but its a IF
if price goes up we need to reavaluate the the situation
and of course keep en eye on the Trendline ....
reacting to situations is the key ...not predicting
SHS possible structure- EURAUDSHS pattern probably is being formed. Price has rejected left shoulder resistance( coincide with 61,8 fibonacci retracement).Waiting for a break of that mini bullish trend to confirm bearish till support. Then, if price breaks, we could project bearish movement till 1,37 aprox.