1st support :- 7800 2nd support :- 7310 Closing below 7310 will lead to more lower levels.
Forming symmetrical triangle on daily which is a nuetral pattern ,but with declining volume breaking upwards has a higher probability.
>Possible ascending triangle formation. >Huge resistances ahead viz. 11.3k , 11.7k , 13k >If it is an ascending triangle breakout,then Bitcoin will find new support around 11.7k level.
> MACD supports downward movement. > RSI shows downward movement. > Moving into consolidation/oversold territory as shown by green box. > Worst case scenario will be moving to 117 price level(highly unlikely but possible),if enough volume is not there.
> Clearly in an ascending triangle formation. > Will see a similar breakout to previous if volume grows.
> CFI is travelling through cloud journey,as such making assumptions is purely on a nuetral basis. > Golden cross is about to happen on 4hr time-frame. > 1st Target - 1920 > 2nd target - 2153 >Second target also matches with cloud resistance.
> It should break Ichi cloud resistance to continue further upward movement. > SMA 50 Cross-over should confirm this as shown in green circle.It is also acting as a good support on 1 day time-frame. > MACD also supports upward movement on both 4hr & 1day.
Seems like OMG is trying for ascending triangle breakout. >Daily RSI oversold >Daily MACD cross-over. >StochRSI cross-over. >Enough Volume.
>Its has found its support level. >All indicators are signalling oversold condition. >Will blast through all the fibs in coming months >If fell down,next support will be around 4500 area.
> RSI slowly making upward move. > MACD histogram supports upward move. > Likely to be a breakout,i guess.
Forming HH,HL on 30 min & 1 hr timeframe All indicators supports upward movement. Comment your ideas.
>Clear HH,HL indication >MACD Crossover >RSI uptrend >A Push due to fundamentals
> RSI completely oversold. > Stoch crossover. > MACD crossover. > Price went below(as shown in green box) Fib 0 line .
Everything is self-explanatory.
SYS is playing quite well with fib trend line support(Dark blue line).Just getting an intuitive feeling of hitting target of 3166 (short) & hopefully 0.236 next.
Next entry would be around 6800-7100 strong support zone.