WaineNZeddmo

WaineNZeddmo Updated 

BTCUSD pair is forming a symetric triangle on the 4H chart with a strogn downtrend. This could lead to a short term pullback to the support level. If 2800-3000 is rejected again this will become a major support. RSI is under 50 and heading south, meaning bears dominance. Stay tuned for updates. WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

BTCUSD bars are starting to look like a hanging man at the moment of publishing, however there are 4 days left for the week to end. Lets prepare for a possible consolidation scenario. This is a weekly chart, and price is in Log scale. The last rally should have reached 5200-5400, but the 5000 psycological barrier offered resistance. An RSI divergence looks...

WaineNZeddmo Updated 

Market is currently testing prior resistance zone . A rising wedge is formed waiting for a closed bar to break it and also bearish divergence according to RSI . A close bellow MA20 could lead to a short-term retracement to prior resistance zone , which are shown in the graph. WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

QTUM, currently sitting on support offers nice gains perspectives. Symetric triangle broke on the uptrend, but it seems so far it was a false break. We can expect further decline, or a bounce back to uptrend. Entry levels are shown in the graph. 9/13 is an important date for QTUM that could lead to new highs. WNZ Get live updates and analysis of the...

WaineNZeddmo

IOTBTC pair showing strong signs of trend reversal, leaving downtrend channel. MACD confirms uptrend and RSI is over 50. Current price is a good Entry Level long-term, if you want further confirmation, enter the market as shown in the graph if uptrend continues. WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

Weekly and daily charts show trend conditions, however, Stochastic crossed on 40 towards south. It seems better to wait for this week to close, in order to take mid-term long positions, however, if you are bullish on ether and August ICOs, consider a Risk/Reward ratio over 2 can only be found way over short-term resistance and close to 0.5 Fibonacci Extension....

WaineNZeddmo Updated 

Bearish triangle pattern rejected by upper support zone and Fib Retracement at 0.5 just before completion. RSI bullish divergence could lead to Bullish trend or at least Range conditions Between 0.015 and 0.017. Entries by SB above 0.016 should be safe with inmediate target at 0.017. A close above 0.017 will possibly establish a double bottom pattern taking...

WaineNZeddmo

Litecoin formed a Symmetric triangle that broke uptrend, leading to the next reversal zone that coincides with Fibonacci Retracement levels 0.382-0.5 Watch for reversal signs on indicators. WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo

Although this can be a really tight entry, ATH is allways challeging. There is a rising triangle on the 15M chart. Consider volume in the market is not high Entry level shown in graph. Next target 4700

WaineNZeddmo

ZECBTC formed a slow rising channel an Entry crossing MA50 as proposed before could lead to a late entry. DMI is still in range, but heading to uptrend and market has nice volume. Look for bounce entry near 0.058 on a lower time-frame (4H or 1H). WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

MCOBTC rejecting 0.382 and 0.5 Fibonacci retracement. Entry level suggested over second green bar. Use stop-buy or watch the market live Entry level on the chart. R/R 1.37 WNZ Get live updates and analysis of the cryptocurrency market: t.me

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ARKBTC divergence could lead to Range or Downtrend. Short level shown in graph if downtrend confirmed, with support zones for further entry in blue. This is a 2.69 R/R Exit WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

NEOBTC is fulfilling a H&S pattern, but finding slight support on current levels. If downtrend continues, next supports are shown, based on former rising channel (yellow) and H&S pattern end. WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

A week after our last analysis, OMGBTC pair, is still in range and overbought, however, rising triangle still formed, with possible entry levels on the chart. A break bellow triangle should trigger Stop-loss and could lead to next resisatance zone near 0.00129 IMO, it is more likely a break bellow support rather than a break over resistance because of RSI...

WaineNZeddmo Updated 

Litecoin, on range for several days after the rally, finally broke resistance. Next bar could lead to the TP zone. However, ATH will pose resistance too. MA20 crossed over MA50. You can wait for confirmation of MA50 to cross over MA100 too, although it may be too late. Check LTCBTC pair too and oscillators. R/R at 1.26 is not that good, but LTC has shown...

WaineNZeddmo Updated 

Monero bounced from uptrend. And Stoch and RSI confirm good entry point. This is a R/R 1.88 which is acceptable. XMR is bullish but price near resistance. RSI has plenty of room bellow current level. Mid-term entry are safe over ATH, with higher R/R WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

ZECBTC bounced from support zone and crossed MA20 (not shown). A break of descending channel and MA50 could lead to imminent price reversal. RSI shows slight divergence and DMI still in range conditions. WNZ Get live updates and analysis of the cryptocurrency market: t.me

WaineNZeddmo Updated 

After the rally that started 8/17, BCHBTC pair found back support at 0.1385 and 0.1576 (which is 0.5 retracement). Since this seems to be a bullish market, a break of downtrend line could lead back to ATH. However, market is in range conditions. Consider MA20 just crossed below MA50, which is a bearish sign. WNZ Get live updates and analysis of the...