Very good example of a clear bearish trend whereas all 5 lines are angled downwards and have distance between them. This represents a bearish trend in the Ichimoku system.
Daily trend continues to be bearish. Now sitting atop weekly kumo.
Watching weekly kumo. Daily trend is clear and bearish.
Ocean looking good long term, those looking to add could potentially get it a lower price *if* it doesn't flip 1.50 (breakout potential). Monitor the price action to make your choice accordingly.
Cardano is flying high above it's macro cycle line. Not unusual considering we're on the incline of the multi-year cycle. The idea here is that *IF* Cardano enters an extended downtrend the price drop will look scary. BUT, if you look back at how much it has moved before, it is not uncommon for retracements of 50%-100% after swings. So if we are to go by the...
-Tracking what appears to be a long growth cycle for EOS. -Doesn't seem to be averse to large dips below the macro curve before resurfacing. -This could possibly due to psychological trauma of those investing (not to mention crushing of hype when it from was new), -Especially since the chart looks cataclysmic on a non logarithmic scale. -I personally expect a...
Since December, with each new leg up, DOGE has quintupled (5x) its percentage gain relative to the last leg up. For example 40%*5 -> 200% 200%*5 -> 1000% 1000%*5 -> 5000% (IF the pattern continues) Additionally, its consolidation period also seems to be following a pattern of doubling, in addition to following the blue macro cycle/trend line. 12 days to 26...
BAT seeing some air. Could see a retracement before the next jump up. General current events regarding the browser that this token is used on seem positive. (Positive social sentiment) Even without that it seems to be on its way in a uptrend in its larger cyclical lifecycle.
Both macro cycle lines represent a potential for a bounce. The light blue line supposes a shorter and steeper cycle. The purple line supposes a longer cycle with more room for correction. Both cases are bullish, but the question is how long will we have to wait.
An incredibly tightening converging spiral. Let's see how this plays out.
Watching the blue macro cycle line. IF the price crosses over violently then perhaps the macro line is following a less steep version of the macro cycle, or its just breakdown time. If it bounces then we could possibly be nearing a top ( talking in terms of months, sometime within 2021).