Posted this as a private idea and a couple days later we have a nice big green candle! Hopefully we continue climbing - good luck!
4HR chart looks ready to climb. Most coins are already gaining today so buy away!
Just trying out some TA here. Can someone tell me if I am doing the fib retracements correctly? Looks like we are getting near the end of this short term triangle and we have a nice green candle on 1HR chart. MACD and stoch both looking up so we may see a bull run going into the weekend. Or if momentum slows, we may drop to the .382 or .236 levels.
XRP 1HR chart looks bearish for the moment but we did get some nice upward movement the past couple days. Knowing XRP, it will go all the way back down to test the green support line around 5575 sats and may even dip lower depending on how much disruption comes out of August 1. I will likely be adding small buys to my position as it dips lower and hopefully get...
4HR chart looks bearish to me - MACD about to cross down and stochastic pointing down means price is likely to follow. After the hoopla of August 1 is past, I predict a rush of BTC into altcoins pumping them up and pushing BTC price down. $2540 and $2400 areas look like good support, but I would wait to buy until it's oversold again.
ETH touched the 0% fib level support tonight from the 7/16 rally and may be beginning another small wave up...
Maybe I am just going crypto-crazy, or maybe there is something to all this charting and technical analysis...
Foldingcoin is looking like it's ready for a nice move up soon with both stochastic and MACD crossing up on the daily chart. Volume is almost non-existent right now - the quiet before the storm - all it takes is that one day of heavy trading to push the price to the moon.
Another triangle where daily price touched .236 fib retracement can be found for Syscoin – and it has already broken out to the upside. Watch shorter timeframes for your entries – wait for stochastic to be oversold and MACD to cross up.
We've seen a similar triangle formation on a several other coins - Digibyte and Siacoin for example, which have both already broken out. Price has touched the .236 fib retracement level and held steady. Stochastic has crossed up from oversold and MACD has also crossed up signalling a trend reversal is underway.
Daily chart shows we have reached the bottom and now price is quickly reversing. Get in now while it's still cheap!
DGB is almost to the end of this triangle formation from May and price is already starting to take off. 4HR stochastic is rising and MACD is crossing up and almost in bullish territory. At only 470 sats right now it is SUPER cheap so I'm going to pick some up.
Ripple is starting to build strength with MACD crossing up 3 times, each time increasing and riding the trend line towards bullish territory. Long-term support trend lines stretching all the way back to March are holding steady. We may see another few drops to support (green line) before a breakout occurs – be ready to buy when price drops, stochastic is...
Looks like we are getting close to the end of this wedge formation here going all the way back to March. Support seems to be holding but I will be padding my position a good amount because XRP can be very unpredictable... What do you guys think?
Ripple has been trying to decide which direction to go for a while now. The last couple days have seen increased volume and FINALLY some green candles, but still XRP refuses to have a sustained rally. Hourly chart looks oversold at the moment with MACD almost in the positive so there is some potential for upward movement. Just have to wait and see...
Stochastic on LTC looks oversold and MACD is about to cross - I think it's ready for another rally soon. Opening a long position.
ETH had a great day and it looks like more price increase is coming shortly. Plenty of volume and good support. Buy away!
BTC looks to be oversold and we may have reached the bottom for now. Might be a good time to convert some fiat to BTC...