EOS/USD wychoff accumulation + resistances
saw a nice fractal I wanted to share 1 & 2 - 2 times to set the Resistance 3 - drop to test support 4 - prepump comes after the drop 5 - drop to declare new support 6 - controlled move to test how much volume is needed for the pump maybe and it moves -
Found support at the continuation of the parabolic arc that BTC is drawing at the moment. Also started to define a channel, will see if it holds. bearish divergence on Volume , MACD & RSI on daily. Breaking the parabola and after that the channel can lead to a substantial drop and if the green levels don't hold the most substantial support we have is at ~6000$....
Neo breakout in progress, Target 1 is the height of the wedge, Target 2 is the next FIB level. Volume a bit low, needs to pick up
Not much to say, volume picked up, morning star pattern formed. If volume continues might rise to the previous FIB lines
WPRBTC trade possible breakout - LONG
EOS in a a small healthy retracement after the crazy week he had. We can see the forming of a descending triangle which historically on EOS transforms in a falling wedge for a few days. A high risk setup would be to buy right under the 0.236 FIB level where it touches what could become a medium term support - the one from 16-04-2018, if this support is tested and...
If we touch 7235 we can see a H&S forming which can drop BTC to another 55% retracement
Starting with 2014 on the logarithmic chart we can see the cycles BTC had from DUMP to DUMP. The cycle is getting shorter starting with March 2017. If we measure from the starting of the movement till the bottom we see that at the moment the drop is ~41%. Although the last drops were around ~32.9% average this time we surpassed this with ease, but still we are not...
XLMBTC had a lot of bearish signs lately with 3 falling triangles that are encased in a larger falling triangle on the 4h chart. If it closes above the 23.6% fibonacci and it's confirmed by a bounce than we can see a good level for entry and a change to see it run to ~60000 satoshi. If it falls through the 61.8% and the support doesn't hold we have a bigger chance...
A bullsih ascending triangle formed on ZRX. TO enter we need at least one candle to close above the triangle and also wait for the confirmation of the bounce from the new resistance now turned support. Really noob at charting and lets say TA. Any mistake you see, opinion or idea is appreciated as I could improve my skills.
I believe there are two scenarios, either it stays for another two days in the upper part of the channel or falls slowly trough fibonacci levels till the second support. It can touch the lower purple bottom channel just in case of another big FUD - exchange related, political or bitcoin/ethereum FUDs. Really noob at charting and lets say TA. Any mistake you see,...