ETHBTC is currently resting on a long-term trend support. While this line is a well-respected one, the indicators on the 1D are not showing any definitive signs of reversal.
While indicators are bearish and sell volume is increasing, there is a cluster of supports around the current price action. Key levels highlighted using trend lines and moving averages.
STEEMBTC is approaching its accumulation zone.
NEOBTC bounced off an important support as altcoin markets show signs of recovery. This chart speculates over potential targets if the uptrend continues, and highlights a crucial area of support to keep an eye on.
Possible scenarios for TRSTBTC.
OMGBTC reaching an important support as it broke under 200k. This chart speculates what might be in store for OMGBTC.
ARKBTC reached the bullish support target. This chart speculates on forthcoming price action.
BTCUSD is forming a rising wedge - a bearish pattern - on this 1D time frame. While these patterns aren't gospel and are often invalidated, the sentiment around BTCUSD doesn't support a bull run right now given fork concerns. In this chart, I outline the possible scenarios (a few of many) that may play out as this pattern completes.
Possible scenarios for PIVXBTC given its price action today.
Another one. Isn't this market so much fun? (No, it isn't).
As per chart, and reference made to rumoured October catalyst.
Such is the market - lots of coins approaching important supports with a chance to bounce. PTOYBTC is one of them. As usual, re-uploaded due to visibility issues. Really need to sort that out.
OMGBTC has a chance to stay above 200k. More details in the chart.
As per chart. Re-uploaded due to some visibility issues.
XELBTC broke a strong trend line support even though it wasn't accompanied by a whole lot of volume. Even though indicators are floored, a bullish BTC + bearish sentiment on altcoin markets (hacked exchanges, ICO crack down, et cetera) could easily extend this bearishness.
BTCUSD seems to be forming a rising wedge - which is a bearish pattern - ahead of meeting the outlined resistance. This is supported by topped out indicators.