The Stoch RSI is starting to show a bearish divergence, and there is a double top, and there has been an extremely long uptrend (105% 0n the month, 50% on the week, and 12% on the day) so this is a crucial time to watch and consider moving into a stable coin if need be. But, on the other hand, one oscillator alone showing divergence is usually a false sign, so...
Currently breaking out of an ascending triangle while currently in an uptrend. The current uptrend should give us the confidence to believe that with continued volume we should see about .325 fairly soon "if" the candle closes above the trend line.
While BTC, LTC, and Eth are retracing from today's rally , BNB is still rising.
When your not currently in a trade, why wouldn't you leave your crypto in BNB. When everything else went down (average was -80%) in 2018, BNB was up 11%. And look at this recent daily chart....WOW 3X in 2 1/2 months! So do yourself a favor and let your coins rest easy in BNB and we can get it even higher! And please no lectures about the virtues of BTC; your not...
When your not currently in a trade, leave it BNB!!! When almost everything else went down 80% in 2018, BNB was up 11%, and look at this recent weekly chart...WOW...so do yourself a favor and let your coins rest easy in BNB and we can get it even higher, and besides there are no taxable transactions if your not trading in USD, and Binance will give you a discount...
As others have pointed out (check out Barkworth), the H&S pattern is complete, yet we also see a bull-flag, and a possible C&H pattern. So who's right, and what are the targets, and where will it go? Well at this point your guess is as good as mine, but there are 1 of 3 scenarios that are most likely to play out here. The H&S plays out and it temporarily goes...
This 4days down is normal...some cup handles take a week of consolidation to start to form. This is actually an excellent sign in that it is a perfect bull flag which in reality gives us an early entry. We need only wait for the bull flag breakout rather than the cup line as the breakout!
Small symmetrical triangle breaking out (need to expand to see) and Indicators look like a move up to me (my guess .335 or a little more).
Litecoin is gaining momentum again, and recent experience tells us to take LTC signs seriously.
Just like the Little Train That Could, ZRX is saying "I think I can, I think I can." If this candle closes above the 20 MA of the Bollinger Band it might hit it's target after all.
If the red candle wicks back up we're looking at a target of about .19750; if it's the next candle we'll just have to re calculate.
$$ When I noticed this was a bull-flag already broken out, it dawned on me that the typical target would be confirmation of my previous recognition of the Inversed Head and Shoulders Pattern forming (click on link to related ideas). This means an EXCELLENT entry before confirmation of the H&S pattern (we get 2 for 1 here if I'm right)! AND even if we don't for...
The psychological pattern is clear....even though the naysayers are continually saying MJ stocks are overpriced, the people absolutely want to trade and/or invest in these markets because they know it will continue to grow. Let's make some money folks!
A nice casual entry point; not overbought, not oversold, and appears to be just crossing all centerlines. All Indicators are ready for countdown, 10...9...8...7..........
If the MA Exp Ribbon is our support, a bounce up would be the completion of an Inversed Head and Shoulders Pattern. The doji seems to support the same idea.
Watch the consolidation, buy the upward breakout to catch the completion of the handle.