A Total Crypto Market Cap chart with the 1W MA20 showing the points of pressure/ contact and the subsequent action. Three contact attempts (red arrows) with the MA20 resulted into a rejection but the third has been the key as it took place after the bottom. This signals the start of the consolidation period that lasted 31 weeks. The next contact resulted into a...
Pattern: Channel Up on 1D. Signal: Bullish coming off a Higher Low. Target: 0.56000 (estimated Higher High and Resistance).
Pattern: Channel Down on 1D. Signal: Bearish since the pattern made a Lower High. Target: 1.13370 (short-term), 1.12690 (medium-term).
Pattern: Channel Up on 1W. Signal: Bullish after since pattern made a Higher Low. Target: 9.1000 (just below the +8.80% extension).
Pattern: Rectangle on 1W. Signal: Bearish if it tests the Resistance again. Target: 3.705.
ICON is on the verge of a bullish break out. It is approaching both the final 1D Resistance and the Lower High of the 1M Channel Down. I am looking to buy on the break out of this level (0.365000). Target: 0.50000.
Theta is near the end of its extraordinary bullish run and the massive +290% gains. The 1W Resistance is calling for a sell at or just above it. I am looking at a 30% - 40% downside from there. Targets: 0.12300, 0.10500.
Pattern: Channel Down on 1D. Signal: Bearish with short entry at 1.3300. Target: 1.3060 (Lower Low).
Pattern: Channel Down on 4H. Signal: Bearish after making a Lower High. Target: 55.00 (previous Low).
Pattern: Channel Down on 1W. Signal: Bullish if 105.000 breaks. The last two previous attempts to break those waves failed which resulted into Lower Lows. Target: 200.000.
Pattern: Channel Up on 1D approaching 1W Resistance. Signal: Bearish on the 1W Resistance. Target: 144.000 (1D Support).
Pattern: Inverse Head and Shoulders on 1D. Signal: Bearish near the 1.3300 1D Resistance and the RSI turning 70.000. Target: 1.2830.
The RSI on 1D has formed an identical pattern with the February - April 2018 candle sequence. Bitcoin failed to break the previous High made on February/March and when then RSI entered the overbought area it heavily declined to a new Low. This time the same pattern almost broke the previous High but again failed. The moment this level breaks, BTC enters a new...
Pattern: Head and Shoulders on 4H. Signal: Bullish after the price met the neckline's first support layer. Target: 1.0270.
Pattern: Upside cross of the 1W Channel Down and 1W resistance zone of the previous Low. Signal: Bullish. Target: 1.56000.
Pattern: 1W Channel Down. Signal: Bullish if the 0.4100 Resistance breaks. Target: 0.9100.
Pattern: 4H Channel Up. Signal: Bullish on its Higher Low. Target: 111.400.
Pattern: 4H Channel Up. Signal: Bullish if the 1.13716 Resistance breaks. Target: 1.14170 and 1.14400 in extension.