On VET'S daily time frame you can see a perfect bullish ascending triangle forming. Buyers inability to breakthrough resistance paired with sellers losing steam resulted in this triangles consolidation. Watch for breakout of resistance and confirm with a closing daily candle before entering any trade. Price target of ~$.12 or higher depending on strength of...
#ADA has printed a possible double top pattern on the daily time frame. The first peak forming with RSI overbought. This is after a significant move to the upside. Declining volume through the trough and on the second peak interestingly enough RSI not signaling overbought, indicating bearish divergence. So, with volume and momentum slowing wait for significant...
$VTHO consolidating into this neutral pattern for the past 1.5 weeks, following a strong doubling of the price 10 days ago, forming the flagpole. We're watching MACD as the downside momentum appears to be slowing. We see slow Stochastics dipping to the oversold area paired with the %k line cross (we may be waiting for the next %k cross) IF we confirm breakout on...
#Bitcoin is retesting a zone of significant resistance at ~$50,900. If this area fails to hold we could see a slight dump down to around $46-$47K. If we rebound off resistance, and you confirm with whatever indicator you prefer (I personally like MACD, slow Stochastics, and RSI when trading support and resistance zones) enter long at $51K and set your...
If you trade pin bars, you notice a perfect bullish pin bar formed on the bitcoin 4 hour chart. The tail bounced Perfectly off resistance. This bar pattern coinciding with the slow Stochastics show a dip into the oversold territory and back above 80 , And now appears the K line is about to cross back over the D line indicating a rise in price. As far as the...
On the 15 minute chart we have 2 rejections at the all time high for $ETH, how many more rejections before we close above the ATH? Will we retrace again before blasting through? I think today or or tomorrow we will close above ATH and be 2k bound.
Bitcoin has been printing a possible head and shoulders reversal pattern on the Mid level time Frames. But as we predicted, this was not validated and we got a very nice bounce off of the shoulder plane to the upside. I think we're heading to 50k.
IoT identified what he is interpretting as a H&S reversal. Im not saying he's wrong, its just that fundamentally, I do not see it.. Ideally, you want to see shoulders of identical height and amplitude which also have crests which are equidistant from the head's crest. With the shoulders not the same distance we do not have validation of this pattern. The left...
After breaking through this ascending broadening wedge im not seeing m uch in the way of resistance until these buyers run outta steam. I wouldn't be surprised if we hit 50k by end of the month.
BTC seems to be testing this area of short term support and bouncing along the 50day EMA. I think this will remain support for now but watch for it to breakout and set entry/stop-loss accordingly...
If volume persists, Id expect BTC to blow through this resistance around 24-24.5k. However, on declining volume we might see this remain as resistance as BTC retrtaces...
XVG has been down BIG since the semi-questionable Pornhub announcement. XVG has bounced off strong support at ~350 with a thunderous green candle. This coinciding nicely with a bullish EMA cross. All the while MAC DEEzy is looking healthily bullish, ABOVE signal on every single timeframe. Perhaps its catching a buzz from all of the other green out there or its...
1 & 4 hr. both showing strong bullish behavior. We had a nice EMA cross with the 12 period EMA crossing over top of the 26. This corresponded nicely with MACD... MACD indicates some higher moves as momentum is strong on both charts and increasing. Depending on your trading strategy wait for next pullback to enter a trade or try and catch that knife! We may find...
4-Hour. Strong breakout of previous bullish pennant & charting to make similarly strong move upward. Watch for breakout and despite the strength as of late of BNB, hold off until you see confirmation candle especially in this cold crypto environment. Upcoming token burn and we very well may see some new ATH's.
