Here's a very quick trade that I will enter, once a bullish cross on the MACD appears.
This chart responds well to patterns and support/resistance lines, so I will enter here as we just formed a doji (potential reversal) as we sat on previous support/broken resistance, and the indicators are showing good signs.
For a full list of deciding factors, check the...
Hi all,
Just a quick idea of a trade here: MANA has been correcting recently after its crazy 44% rally on 15.03.18 and I believe that we may have reached the bottom.
We're currently situated on the 78.6% retracement level of said run and all the indicators have aligned on the hourly chart. These include a golden cross on the MACD, oversold Stochastic readings, a...
Hello all,
As a follow-up to my daily chart analysis yesterday, here is the 1 hour.
I've identified a large falling wedge pattern (yellow) which is a big bullish indicator, as well as a nice bullish divergence on the hourly RSI. We've dropped to my $7500 support zone and had a very weak bounce - but a bounce nonetheless - off of the trend channel, in play since...
Hey guys,
As we can see here, we are resting on the bottom of a 15-month old trend channel. This has proven to be a trustworthy entry point in the past and $8000 is also the 61.8% retracement level of February 6th's spike. Still one more factor, we are resting right now on a previously broken resistance level, which usually then acts as support. For fans of...
OMG is having a lot of good press recently with Vitalik Buterin naming it his favourite cryptocurrency and their new partnership with the government of Thailand. The chart has been showing a nice turnaround this month in the face of a market in turmoil, breaking out from the ascending triangle pattern found at the recent bottom. What followed were a number of...
Looks to me like a large ~11 week cup and handle forming since mid-October.
The handle has been forming for a while, however I know it shouldn't really breach halfway down the cup (which it now has). Could still be intact, and if so, the Fib levels 1.0 (conservative) and 1.618 (ambitious) could be potential targets.
MACD negative momentum is slowing, though no...
I see the entire structure since mid-December to be an Elliott Wave and I believe it's the first two of a larger EW (with 3, 4 and 5, plus correction, to follow):
- Wave 5 reaches the height of 1.618 x the height of Waves 1+3.
- The decline of Waves 2 and 4 alternate as according to Elliott Wave theory.
- There is a regular ABC correction following the Wave 5...
