Griffin0318

Griffin0318

ETH looking to break out of the ascending triangle; if completed, would expect a move up to $256. TG

Griffin0318

We'll see what happens, but it looks like there's a H&S top forming on the SPX. The Fed can only put so much money in the current market to make it stay afloat. I look to the 1918 area for support with the possibility of a long term low of 1546. tg

Griffin0318

Looking for a downside on ethereum to the $111 - $98 area. Like a lot of other major alt coins, ethereum has a rising wedge going on so expecting a move down. The $100 area is range low when looking at higher time frame, as well. tg

Griffin0318

Rising wedge/bear flag with a downside target of $33.39; would expect this to occur over the weekend.

Griffin0318

BCHBTC appears to be creating an inverse H&S. If completed, long term target would be around 0.09 thoughts/comments? TG

Griffin0318

Looking like XTZ wants to move higher and I think she will until the first real resistance at around $2.54-$2.62. thoughts/comments? TG

Griffin0318

Pretty straightforward. 2,758 is the current resistance area that won't be broken so I look for a move down to 2,100 area over the coming weeks. I do not believe this area will hold due to a variety of reasons (corona, upcoming election, etc.). I look for the 1,550 area to be the low on this long move down. thoughts/comments? TG

Griffin0318

I think LTC moves down here sometime soon, retests the bottom side of the rising wedge before finally moving down to ~$30. TG

Griffin0318

Looks like a drop down to $30-$28 area before we shake this bear and head up to MoonCIty. TG

Griffin0318

Some are comparing the current financial market to the financial crisis of 2008 (company bailouts, quantitative easing, etc.) and the Great Depression (unemployment rates, market accelerated decline, etc.). You can see the Great Depression (blue bars) was God awful, down ~89% before rebounding (long-term). The financial crisis of 2008 (red bars), down ~54%...

Griffin0318 Updated 

I could go either way on ETH right now, I'm hoping for a break upwards out of the ascending triangle to $180. If we happen to go down from where we are currently, it looks like $117-$103 for lows. If we get up to $180, I anticipate a move back down to $147 before a move up to $215-$247 resistance area. Also, keep an eye on the weekly close. If we get a...

Griffin0318

Ascending triangle on the 4-hr, looks like a move up to $1.89 area; could go down to $1.45 to test the breakout line before going up.... something to keep an eye on. thoughts/comments? TG

Griffin0318

What a week! I've been wrong multiple times and this chart is sure to be a mess too. I like $5,000 here, but there is solid support at the $5,885 area which we've already touched so it makes sense to go up from here. Do you wait for another leg down (potentially)? Or do you start taking positions now and hope for the best? Whatever the case, you can be...

Griffin0318

I go back and forth between LINK and XTZ on which coin will be the talk (pump) of 2020 and from what I can decipher, I'd have to go with XTZ. To me, LINK has a rising wedge/H&S top forming which is never a good sign. XTZ doesn't have this problem. If LINK can somehow bust through the top of the rising wedge, then as Jesse Stamos used to say, "have mercy!" ...

Griffin0318

I think Tezos found its bottom at ~$2.26. Look for a move up to the mid point of the channel, we get past the midpoint, we should move to the top of the channel. Keep it simple. Comments? TG

Griffin0318

All I see is a large descending triangle. we go down to $2.63 again, that support is not gonna hold. with little support at the $2.30 area, we could get a bounce here but $2.00 has a better chance

Griffin0318

Looking like a leg down to $2.30 - $2.02 area. On the way up, TEZOS did well on the weekends, on the way down, not so much. I don't think this weekend and next week will do a lot of good for crypto. My guess, middle to later in March is where people start taking their losses in equities and move it over to crypto.

Griffin0318

I'll be waiting patiently for the $3 - $2.70 range before jumping in. Could go higher as you never know in crypto. I think with us ranging and not making more progress to the upside over this past week tells me momentum to the upside has stalled and a correction to the downside makes the most sense. Thoughts are my own and not trading...