EQBM

EQBM

Good morning, Traders! In the long-term, starting from where it was introduced into Bitfinex, BCH has been following a very fundamentally sound Elliott impulse wave pattern. The first 3 waves were characterized by the close of the previous highs and lows. I believe the end of wave 4 has recently occurred due to the notion that wave 2 was quite long, lasting a few...

EQBM

Good morning, Traders! In the short term, GNT has been following many trends. Currently, the price has been trading in a channel for about a week, along with staying in a longer-term channel and triangle starting at the beginning of the year. The smaller channel is testing its heavy amount of resistance right now. That resistance is defined by the EMA(100),...

EQBM

Good morning, Traders! Cardanos price has recently broken out of a smaller descending triangle to create this longer-term one. Most descending triangles have a very high chance to break bearish rather than bullish. Although, due to the magnitude that this break will entail, I don't believe holders and supporters of this coin will allow that to happen. If the...

EQBM

Good morning, Traders! The price of EOS has been traveling in a descending channel since around the beginning of 2018. As this price is following one pattern in its decline, there are many smaller patterns that can be seen inside this channel. The one I am going to focus on is the initial retracement after the price goes from the bottom of the channel to the top....

EQBM

IOTA has been a highly anticipated coin that suffered a huge price drop similar to others. Following this drop in price, it has now been forming into an ascending wedge and is looking up once again. The price has been forming this pattern since February and has used the trend on a total of about 7 occasions. This leads me to believe that the price will continue to...

EQBM

Good Morning, traders! ETC/USD is currently following a few trends. The first being a trendline to indicate a current decline in the price. The second is resisting this decline and essentially creating a flag with this consolidation. Now, although the flag is not complete yet, it is a very viable option to take note of when looking for a breakout. I have also very...

EQBM

XLM is currently testing various levels of support. This includes the 61.8% fib retracement level, the second standard deviation of the pitchfan and the support level of 3330 Satoshis. This, right off the bat, believes me that the price is in an area where retracement is inevitable. In addition to this, the price has just completed its head and shoulders pattern...

EQBM

Dash has recently been experiencing some crazy price movement. In the past few weeks, the highs and lows were due to extremely long wicks of the candlesticks. These swings in price are usually a good time to expect the price to retrace back to these levels in a more consistent manner. A few days ago, the price began its decline, following along a trendline quite...

EQBM

NEO/BTC has started an uptrend at the beginning of the year. After this bullish push, it has entered a period of consolidation where it created a pennant. This pennant has been forming for around 3-4 weeks now, this means that the pennant may not be as accurate, although, will still be able to be considered a symmetrical triangle. Shown on the chart is the...

EQBM

As the price of OmiseGO has begun to steadily increase, a major point to consider is the retracement of the price. Due to this, I have applied a few fibonacci retracement levels that seem to be very relevant at this current price point. Recently bouncing off the 38.2% fib retracement level, OMG is now testing old resistance levels to see if this bullish push is...

EQBM

Despite the FUD and post after post of individuals selling off at the bottom because they believe "Bitcoin is dead", I remain bullish. Overall, Bitcoin has been moving in parabolic bullish pushes and of course, met with parabolic retracement periods. This retracement period may be near its end though, seeing as though it has recently broken through major...

EQBM

After reacting well to a double top pattern, STORJ/BTC began its decline like every other coin currently. Since January it has been forming consolidation in the form of a descending triangle. Although the prices match the pattern in the forms of higher lower highs and relatively the same lows, this is not a great sign for holders of the coin. In the long-term,...

EQBM

Good Morning Traders! ADA is currently using the shorter term Fibonacci retracement as very strong support and resistance during its decline. As the price began forming it's descending triangle, the levels used for every reversal/touch were the fib retracement levels. This leads me to believe that the 78.6% fib retracement level can also be considered a strong...

EQBM

Since the beginning of the year, STEEMs price has strictly followed the pattern of an ascending triangle. The length of this pattern mimics that of Ethereum before its huge bullish push, this makes me hopeful that the price of steem will follow the same pattern. The price path indicated by the arrows indicate the rest of the consolidation of this ascending...

EQBM

NEMs price is holding up strong while many others continue to decline. At a recent peak in the price, XEM created a head and shoulders pattern which sparked a reversal and a bearish push until the EMA(200) and around the 2/1 Gann fan line. This push has now completed the head and shoulders breakout and the price is ready to rise once again. The price has used the...

EQBM

WAVES is still, no doubt, continuing its long-term uptrend. Even though the price is currently below the EMA(200), this will most likely not last long. The price has used this trend line (starting in March 2017) 3 times since November. This is strengthening the fact that this upwards trend line will continue to support the price. The price is currently slowly...

EQBM

XRP recently experienced a solid reversal that is now indicated by 2 strong bullish candlesticks. The first is not as strong as the second seems to be, although the second has not been completed as of yet. This candlestick looks to almost be a marubozu candlestick which is a great sign for holders of this coin or those who were able to buy the dip. As the candle...

EQBM

Ethereum recently broke a support level at 837.61 and has also closed outside of the bollinger bands for the past 2 days. This stretching of the bands indicates that the price will continue using this bearish momentum for a bit before snapping back and reversing. The support levels that the price will reach next are at 765.81 and 679.56. These price levels were...