I charted this a few days ago and it has been following it very well so I thought I'd share it with you all, looks like ADA might be about to get loud! Good luck and be safe, let's ROLL!
Digibyte has been trading in a nice channel for a few weeks. It did drop out when BTC was falling and people started to panic sell, but climbed back up nicely, then got rejected from resistance around 800 sats and now looks to be bouncing off the trend line of the channel ready to make another move. If we continue in the channel and can break 800 then we could...
Looks like a massive cup and handle formed on the daily chart for XEM/BTC. The trend didn't follow the bottom of the cup exactly, but that is not required for a cup and handle formation. Right now looks like a falling wedge or bullish flag on the handle and we could see a definite breakout upwards toward the rim of the cup if it follows the trend line. If we...
Just getting into a little charting and TA. Trying to pack my brain with as much info as I can, so any comments and productive criticism is welcomed and appreciated. Just a basic chart here of XVG/BTC pair that has formed a large perfect triangle and bullish pennant on the daily chart after a massive run last month. Seems like a long consolidation period to me...
Looks like grandaddy is trying to break out of a falling wedge on the 240 time frame right near the support/trend line. MACD also trying to cross over and the past few hours have formed a nice strong looking cupping formation, unlike the last few weak attempts that have the obvious 'M' or upside down cup shape. I expect maybe a small dip then head upward toward...
Possible scenario for RDD. This coin has been receiving a lot of attention and volume recently. Also, being a "cheap" coin newcomers may be loading up on it. I will be looking at a buy zone around 127 sats if it follows my prediction, and/or upon breakout of resistance line upward or a bounce off of the support line upward. Possible elliott wave scenario and...
I don't love this coin, nor do I hate this coin. Just noticed this when messing with some charts and thought I'd post it for you all. Something to keep an eye on if you are holding this coin, a definite breakout on the shorter timeframes. Could possibly retrace to the trend line and head upwards if this is correct, which is what I am waiting for to make my...
Just throwing out some ideas on BTC. I see a large pennant that looks to be forming quite well (bullish), and we seem to have nice support along the trend line heading back up. If we break downward I don't see 8k out of the realm of possibilities. We dropped from ATH of 20k down to 11k in a week, so this could also happen. Either way, this has been a much...