Ooaclouds

Ooaclouds

Disclaimer: Actually I've just started reading on elliot waves - 1,2,3,4,5,a,b,c we're currently on b and there is gonna be another down trend probably to the lower side probably arounnd to the 700s region and maybe there will be an up trend afterwards However, the MACD is crossing and there is gonna be another wave of lower highs and lower lows I'm speculating....

Ooaclouds Updated 

An ascending wedge has started to form on the 4 hr chart and it seems that there's gonna be another bear run. It may be that there's gonna be another low before we fully rebound. Although the MACD has not crossed yet which may be indicative of more bullish momentum, they are repeatedly testing the resistance and failing to do so - There seems to be strong...

Ooaclouds

As BTC isn't following the trend, ETH is back down again; There is a downtrend as the channels are parallel and the RSI is also going on the downtrend, so i'd be cautious to look closely to watch for the rebound from the RSI. Currently our closest line is the 50 day MA as we test if there's a bounce back. Also there are a few resistance lines and previous trend...

Ooaclouds

There is a continued tightening of the the bounce between the upper and lower bounds of the pennant, and as there are divergence forming between the price levels and RSI indicator, it may be a signal of a bearish trend that may eventually break downwards. Hopefully I'm wrong and there will be a rise in the price of ICX. Anyone have any ideas? Any input would be...

Ooaclouds

So this is a pennant and as we get closer to the tip the price is still oscillating between the support and resistance, there is a still lack of volume and people are still speculating. As the price breaks the support/resistance line, they respectively become the resistance/support line - is that correct? Anddd how do you calculate target priced based on...

Ooaclouds

Soooo is this a pennant? And we basically will see a decrease in volume as this progresses and watch closely for any breakouts and increased in volume to determine if it's a bull/bear break? Afterwards we use the original resistance lines and support lines and watch them closely to determine if they become good support and resistance lines?