The move CD should be an extension of 1.13 to 1.618 of AB. Point D should be a 0.786 retracement of XA. Which perfectly match with the well established support at 8900-9300. If this play out, it would be a nice opportunity to go long.
I think things are looking grate to ADA/USDT in the daily chart. Price made a 26.8% correction and its currently testing a lot of support here(200 EMA in orange, 50 EMA in blue, a trend line that has been suportive since march 4 and bollinger's bands bottom). There is a chance we are forming a H&S MACD is at support too. Stoch is starting to turn up at oversold...
The price has been consolidating inside a triangle and currently testing the support trend line tha has been respected since march 21. MACD is testing a long support trendline too.
Currently we are testing the 200 EMA as resistance, if we fail to get above it i would consider the target of the bat pattern like a good reentry point.
ADA price bounce nicely breaking the bearish trendline, Pivot Point, 20 and 50 EMAS wich acted as a strong resistance in the past two months. *RSI in 4H is overbought but in daily charts it is intracting with the 50 line. *Stoch in 4H is overbought but daily charts show a bullish crossing signal. *MACD is above 0 but daily charts show a bullish crossing...
The price found resistance in the 50 EMA, BB, 61.8% fib, the trendline and the new weekly Pivot Point. *Stochastic is near overbought. *RSI broke the 50 line but it seems it want to go back below it. *MACD is still below 0. I wouldn't buy trx till a confirmation above those levels. I still think we will visit 478-500 levels. This is just a noob's opinion...
In 2018-06-10 Btc broke the symetrical triangle with the higest volume since april. Currently the price is interacting with the 50 EMA which has not been very successful in the last occasions, but if it manages to get above it and confirm it as support we could be facing a rally with an objective between 7200 and 7700 where the next strongest resistance zoneis....
Since my last idea, the gartley pattern was completed and the price bounced just in the expected area. Even though not with enough power to break the 200 EMA, that failure made the price retrace almost 78%. From here we could expect a retest of the 623 support and the weekly S1 but this time the main trendline is there too. A break of those three support zones...
The gartley pattern in TRX/BTC in 4H graphs is almost complete. We are in oversold areas so hopefully the price will bounce in the 600-630 where the principal trend line, 61% fib and the end of the gartley pattern converges.
Desde la última subida pronunciada de XRP que finalizo el 24/04 hemos estado en un movimiento correctivo que formo una gran bandera alcista. En los ultimos dias el precio fallo en romper el tope de la bandera y el punto pivote semanal (que se encuentra donde esta la linea punteada naranja) provocando la ruptura de la linea de tendencia (linea amarilla) y las EMAS...
A partir de que XRP logro romper y encontrar soporte en la EMA de 200 con la cual solo habia tenido interacción en 3 ocaciones (9 de febrero, 17 de febrero y 4 de marzo ) desde que se formo la "death cross" en la grafica de 4H y ha regresado por encima de la tendencia principal, el precio encontro resistencia en el 38% fibonacci (midiendo el pico del 4 de marzo al...
Posible H&S El RSI rompio la divergencia El MACD regreso por debajo del 0 y ocurrio un cruce Bear. Mi primer objetivo serian los 7.4
Después del ultimo punto mínimo de XRP el 18 de marzo, el precio tuvo un buen rebote que lo logro poner por encima de las EMAs de 50 y 20, las cuales habian sido particularmente resistentes, para después encontrarse con la resistencia en los 13.5 la cual no logro romper. Veo un posible H&S formandose, una divergencia en el RSI y una bandera bajista. Soy nuevo...