CryptoMichNL

CryptoMichNL

Lumen, made a great run up in the past weeks/month. Touched the top of the channel, expecting to calm down for now. Why? Let's see. It's dropped out of the bullish RSI trend, it made a negative cross on the MACD (while this is turning up for now and RSI also), volume going down, finished 3th Elliott Wave, expecting to retrace to leg 4 before we'll head upwards at...

CryptoMichNL

Komodo. Interesting project. Doing some great things and not even marketing it that much. What do we see on this log scale chart? Nice movements since last year. Incredible run up. MACD seems to be on a bottom and about to make a positive cross within the next week --> this might indicate we'll break out upwards on the KMD/BTC chart. 200 EMA coming in as extra...

CryptoMichNL

So, here we have Vertcoin against USD on a logscale basis. What do we see? A nice channel since beginning of 2017. Touched the support line twice earlier, bounced nicely from it. Currently lying on the 200 EMA, green box seen as support and bounced from the support trend line as well. RSI is very low and pretty good moment to buy. Starts making higher lows now...

CryptoMichNL

A chart for Ubiq today, which is one of my favourites. What do we see? It retraced all the way down from the ATH in June, which was around 100K sats. Firing up a new cycle and broke the mean trend line already. Currently in the making of a bullflag, broke the big resistance and found this as a support. EMA's are crossed as well, MACD turned positive and RSI...

CryptoMichNL

So, bitcoin cash. Hated and loved and facing some interesting times right now, as I've posted about it before. Posting on TradingView, as you can follow what's happening to the coin. What do we see on the chart? It's facing a triangle pretty soon (days). In the earlier triangle during november/december it dropped out, falling to the lower white line. RSI still...

CryptoMichNL

Alright, so today we'll chart $STRAT. First of all a brief overview of one of the main subjects for 2018, which in my opinion is the fight between the platforms. The basis of the whole blockchain world is essentially the platforms in which Ethereum is leading currently. Did we see a fight with another platform? No. We haven't seen any and all we know, Ethereum has...

CryptoMichNL

Alright, first topic to discuss is 'calling tops' topic. In my opinion there's three ways to call tops: - Fibonacci levels (you could combine these with Elliott Waves if you want to). - Top of the parabolic trend - Top of the channel On the bottom two I'll give an example another time, but today I'll focus on the first one, fibonacci levels. (apart from the...

CryptoMichNL

$NEO As we've charted this one before, I'll update it now. First target was around 550K sats, which we reached pretty soon. Second target was 600K and we've touched that one already once. Bollinger bands are squeezing and $NEO wants to keep the green box as support right now. In that case we'll be testing the 600K resistance pretty soon, expecting not to break it...

CryptoMichNL

$VIA So, I've been posting about this one lately and it made some nice profits for us already, as we see in the chart and if you joined us on the journey! It's fighting a pretty big resistance right now, so there are some scenario's in play here. Scenario 1: Drop down due to the red arrow to the earlier support trend line, making the ascending triangle before we...

CryptoMichNL

$ARK Small breakouts, RSI still positive, MACD as well and on the 1H about to cross, which indicates good things. Also, the ascending triangle is still in play. A few scenario's: Scenario 1: We'll test the resistance around leg D and will fall back to leg E. In that case we'll wait until the first days of January to move out. Scenario 2: We're already done...

CryptoMichNL

$NEO And there's another one breaking out right now. RSI sky high, so we may fall back for a bit, but it's looking good. Scenario 1: We'll break out and will go to the targeted area between 535-550K in a few hops, potentially achievable within a few days. Scenario 2: Small retracement according to the red arrow, making jumps later on and getting to the targeted...

CryptoMichNL

$VIB Interesting times ahead for this coin, TA wise. Volume isn't looking great, but RSI is stable in the middle and MACD is stable as well. Scenario 1: bouncing on the support trendline and breaking out upwards, we'll face 3500-3700 then pretty soon (as this is the next resistance) Scenario 2: small breakout and retest, with a jump afterwards to...

CryptoMichNL

$POWR Potential breakout happening right now! But.. RSI is in pretty high zone, so we might see a drop down as well. Scenario 1: Breakout, retest of support line and then straight to 1st target zone around 8K sats. Scenario 2: Can't breakout, in that case we'll drop back to the top green box and try again. Scenario 3: Can't breakout in both cases, then we'll...

CryptoMichNL

STRAT, or Stratis, great coin with some opportunities next days. Let's see the TA and a small recap from the earlier charts. Made a small breakout, but due to Bitcoin it dropped back in the support zone. Did hold on this support + kept the uptrend line going and did hit the first target. So, we've some scenario's right now: Scenario 1: Breakout, breaking this...

CryptoMichNL

General info: Made a small breakout as we see and has made some nice movement in the last month. Congrats if you were in this one. MACD turned positive, small breakout today and RSI turned bullish as well. Scenarios: 1 - Already done with retracing (in that case we have the orange ABC and we'll go up). In my opinion this is very unlikely due to the massive...

CryptoMichNL

General info: Making a symmetrical triangle --> normally indicates that we go on in the upmove, as it came in from the bottom. Finished leg C of the Elliott Wave, RSI is turning up above 50 as well and the MACD stays positive. Sidenote: Lot of new info for POWR coming in Q1 2018. Scenarios: 1 - Hit Leg D, make a small drop down and after that upmove out of the...

CryptoMichNL

Ethereum Classic for the day. As we see, it was in a sideways pattern for some days/two weeks, between the yellow resistance and the red support. Even did break the yellow resistance earlier on the 18th, but due to Bitcoin it dropped out of it back again. What do we see more? We see a bullish uptrend channel coming and therefore we have some resistance levels to...

CryptoMichNL

POWR, short term version. Seems to be making an ascending triangle, RSI is turning above 50 as well, indicating that leg C is done, going to leg D. Made two small breakouts as well, so that’s great. MACD will become positive within an hour, wouldn’t be surprised if we see this pattern and break out of it tomorrow. Scenarios: - You can swing the legs. - Buy the...