ETH has been accumulating for the past 22 days and is mirroring prior price action in January. RSI is falling to the same level as prior move, duration of accumulation is near identical to prior break out, Bollinger Bands are squeezing price tightly. Eth has formed a nice pennant as shown in the chart which is a bullish sign. Volume has steadily weakened as it...
All,
If you look at previous price action/ RSI and compare it with current price action/ rsi there seems to be a pattern.
Previous price action which pushed to new ATH stayed within the RSI trend lines creating a pendant. Once RSI neared the end of the pendant it broke out to new ATH.
Current RSI is forming the same pendant and nearing the end of the pendant. ...
Hello All,
I decided to chart the previous ATH price movement (yellow line) and overlay it on current price movement to see if there is any correlation. Seems to line up fairly well.
I started tracking where the ATH move made sense at appx $86. I then tracked and plotted each moves high/low close all the way to the ATH.
I decided to find where the current move...
Please take a look at my understanding of Elliot wave and how I see this playing out. I am new to Elliot Wave theory so this is learning for me and I would appreciate anyone's input who is seasoned with Elliot Wave.
1.) Following the (3) golden rules wave (3) should be the longest wave which is why I eliminated the original wave and moved to the next as...
These are just my ideas on how I will trade ICX. I did Fib retrace from previous High to low and fib extension from recent low to high. There are levels of confluence at retrace .5 and .236. A lot of this depends on how BTC will be trading, but I am super optimistic on this coin. It has great bones and lots of potential. Please do your own TA and this is not...
This is how I will be trading this. Looks to be breaking out soon as long as it closes above trend line. I am learning, so do your own TA and this is not trading advice. Please let me know if I am on the right track. Criticism is welcomed because that is how we learn.
Take a look at this and tell me if I am seeing the formation of a head and shoulders? There is a bearish divergence that formed as well. I am learning and t BINANCE:BCHUSD his is my best guess and not trading advice. Do your own TA for trading BINANCE:BCHUSD
