XEL is another coin that just broke out. Thanks for the tips on the chat for me to look at these coins. Initial breakout confirmed when closed above 2000 satoshis. Next major resistance is 2750 satoshis, closing above that, will have us looking for new highs. Massive amounts of room for growth on all indicators for this coin. Buy in: below 2750 satoshis Stop...
Interesting one to watch, as this is bouncing on this support level and possibly making a descending triangle. Negative thing: the MACD turned negative and might go down even more. So, it can go several ways: 1 - Bounce on this support and breaking out upwards, so we can make a nice swing. 2 - Drop down, make a falling wedge and break out upwards. 3 - Drop down...
Elastic has been rejecting the $0.22 support during the past few months and finally, today it broke above the triangle pattern. The breakout was very clean while the price on 4h and 8h charts closed above the downtrend trendline. What is interesting is that the breakout was accompanied by a heavy volume and was very sharp. This could indicate on the money and...
BITTREX:XELBTC has been accumulating since its last P&D, I think its ready to pop. You could enter now or wait for confirmation. Below 3500 sats is a good buy. www.elastic.pw TP1:5077 TP2:7959 TP3:11585
pure speculation, possible wyckoff pattern? clear daily buy hammer after all time low, clear down trend resistance, wait for breakout. tried to fit movements based on lasts market cycles dates.
bullish candles, increase in volume, turn oscillators ..... I think he's ready to explode. buy here. target 0.000045-0.000057 I will not put a stop-loss
Upward movement can be expected to fib level indicated, based on a fairly strong re-bounce from the oversold area, had been consolidating in channel, crucial level to break around $ 0.33 cent. Most important if it breaks that level,.. longterm downtrend broken!
XEL shows conflicting signs but overall seem about to move up, considering its price just came out of its ATL. Potential short term profits to up to 44%, and possibility to much higher gains if it decides to rally towards a new ATH, not something I'm personally counting on, but who knows.
Maybe we don't need to wait for a whole week ? :) Yes I am a fan of $XEL and subjective !
Once the BTC retrace gets stabilised on a temporary support between $6.400 - $7.000 next week, $XELBTC will be ready for a confirmation of a breakout over 0.0000504 . Agree ?
Have to keep in mind that with Bitcoins historic rises, which have inversely impacted the price of other cryptocurrencies, that the lows before that previous XEL spike were higher than the most recent lows. Follow on Twitter: twitter.com
Cup and Handle formed and it's time for take off
I think we're going to bullishly slide through the Twist before the next upcoming cloud. I'm here to learn and improve my skills, and I welcome all constructive criticism and conversation. If you disagree with the prediction, I'd love to hear why. Looking forward to chatting! Good luck trading everybody!
following possible inverse H&S formation on BITTREX:XELBTC time for confirmation: 2 weeks
Fraction indicates that breakout to upside might occur in the next couple days for $XELBTC $XEL
Here is an update to my previous XEL -0.94% USD analysis. Please use it as a guide. look for reversal signals at key resistances and supports. ( RSI divergences are my favorite) This is just for educational purposes and is not trading advice. Please just use as a reference to make your own trading decisions! All of this is just an educated guess at best......
Ascending triangle indicates continuation of XEL uptrend, watch for breakout next few days. If it breaks out above 16k until end of this week it will confirm monster C&H that is in the making.