EQBM

EQBM

Good Morning, Traders!  Monero has been trading in the bearish direction since the beginning of March and has recently began consolidating along the shorter 78.6% fib retracement line. Following the Gann fan, the price is predicted to reverse off the 2/1 line or break and continue going south. There is a support line matched with the 2/1 gann fan line that...

EQBM

Good Morning, Traders!  Civic has been in a constant bearish trend since the beginning of this year. The price has been consolidating between a strong resistance and strong support line since the middle of march. Looking at Ichimoku, it can be seen that the lines predict the price will continue in the bearish trend, and can be used as a resistance if the price...

EQBM

Good Morning, Traders!  Gnosis has been in a constant bearish trend since the beginning of this year. Looking at the Bollinger Bands, it can be seen that the lines have very recently started to straighten a bit, signaling a possible reversal. In the case of the reversal, the resistance level matched with the 23.6% fib retracement serves as a strong resistance and...

EQBM

Good Morning, Traders! EOS looks to be forming into a pennant after a recent very bullish candlestick was created. As of now, the top and bottom of this possible pennant have only been tested twice each. This doesn't make the pennant very strong and could also be forming a double top pattern instead. If the pennant completes, the breakout will most likely be...

EQBM

Good Morning, Traders! NEM is currently looking at extremely low volume on Bittrex and is consolidating into what could be the formation of a triangle. The bottom trend line forming the triangle is solidified by 3+ touches, although the top has only touched twice. If the volume continues to stay this low when the price finally breaks out of this triangle, the...

EQBM

Good Morning, Traders! BTC recently broke through a strong support level bearish. The price was forming into a descending triangle in a way up until this point. Currently the price is testing the 61.8% fib retracement level as support. This may indicate the end of this downward push for now, because this support is backed by additional support in a trend line...

EQBM

Good Morning, Traders! Bitcoin is on the rise once again! At least that's what most analysts are skeptically saying. BTC/USD has been forming an ascending wedge since the beginning of this week. The price is reaching, and breaking, many resistance levels in the 4hr time-frame. It is currently testing another at $8,600 and may be in the formation of a Head and...

EQBM

Good Morning, Traders! Tron recently began testing its EMA(200) once again since March. The last attempt of this breakout resulted in a double top pattern which resulted in the price completely retracing, negating all of the progress it previously made. I'm expecting the opposite this time around. Along with breaching the EMA(200) the chart has formed a bullish...

EQBM

Good Afternoon, Traders!  GOLOS has been in a constant bearish trend since August of 2017. Looking at the EMA’s, it can be seen that the lines have crossed multiple times and now the EMA 200 is much above the EMA 20. Along with this the trend line indicates there will be a continuation in the bears. The strong support level above at the 100.0% fib retracement...

EQBM

Good Morning, Traders! Binance coin recently broke out of a 3 month long descending wedge in the bullish direction. After this, the price began to form a similar pattern. Although, because this decline can only really be seen in a lower time frame, it would be considered a flag rather than a wedge. The price is currently at the bottom of the flag and because the...

EQBM

Good Morning, Traders! MANA may be in the process of an upward sloping head and shoulders pattern. The neckline was formed with about 4 points and it is now in the process of forming its right shoulder. The current price just tested the resistance level at the 61.8% fib retracement which may have formed the right shoulder already. The volume that is seen during...

EQBM

Good Morning, Traders! I'm going to be looking at BTC/USD once again today, but on the weekly chart, to determine a longer-term target than usual. The Elliott wave pattern was clear and the price looks like its currently finishing its second correction wave that started around December. I gave the fourth wave a little more time to develop because the second...

EQBM

Good Morning, Traders! NEO/BTC is one of the few altcoins that was able to stay heavily afloat during this, now, bear market. As the price completes what looks to be a weak head and shoulders pattern, the price is approaching the support level of 0.00818391 and the fib retracement level of 50%. The RSI is at a very low level at around 28. Being oversold and...

EQBM

Good Afternoon, Traders!  Cardano has been in a constant bearish trend since the start of 2018. Looking at the Bollinger bands, it can be seen that the bands have slowly come apart and seem to be moving slowly together indicating a chance for higher volatility in the near future. Along with this the small triangle indicates there will be a break from the price...

EQBM

Good Morning, Traders! Bitcoin is at a crucial position in terms of price direction. It is currently lying on the support of the EMA(200), and a long-term upward trendline (starting around early to mid-2017). The price recently suffered the effects of a double top pattern, causing 6 bearish daily candlesticks to form before finally, a bullish close occurred. This...

EQBM

Good Morning, Traders! In the short-term, KNC/BTC has been in a constant bearish trend since early February. Looking at the 200-day and 20-day moving averages, it can be seen that this trend started to come up slightly, but overall continues in this trend. The support level aligned with the 78.6% fib retracement level is the first bullish push KNC had after...

EQBM

Good Morning, Traders! LTC/USD is in a very good position on the 4hr chart. The first thing I noticed was that price was traveling along 2 trend lines that have been accurate since mid-February and is now approaching a safe zone to buy. This zone has support in the 61.8% fib retracement level, the support level of 191.86 and arguably the psychological support...

EQBM

Good Morning, Traders! On the 4hr chart, ambrosus has been reacting to many price trends but the longer term descending triangle is what keeps me interested. As the price travels into this shape, the price has been reacting positively to past trends. Many times, the falling wedges have broken out posistiv and there were formations of many bullish patterns such as...