TNDM is poised here to break up. Can see it flagging here, but I'd really only trade this once it creates a new local high, and love to really see a daily close up there (~92). A nice bounce off the daily yellow 21 ema, and then a close above the daily purple 10 ema. RSI crossing above the ema, stochs bouncing off the neutral zone and holding in bullish control....
After closing my previous short with a decent profit, I've been watching this pairing and ETH has made a nice run. On the 12 hour here, although daily looks fairly similar. We see this broke through this order block, hit the .5 fib from the last low to high and the PoC. It is now retesting this order block. We now have the red 200 ema and white 100 ema supporting...
Slack printed a V-bottom and is now looking like a double right-shoulder H&S. Newly printed 200 EMA (red here) is looking to crossed by the 55 EMA (orange) for a golden cross. We see stochs bouncing in the neutral area and now moving into the bullish control zone, and a similar pattern playing out on RSI. Not much historical price action, so not a ton of...
BTC Dominance is poised to continue to move up. ETH will be one of the coins hit hardest. We see ETH here plowing through a blue order block/liquidty zone here. This block will now serve as a resistance. RSI showing a bounce off the bearish control zone, likely to reset to around the midpoint before moving down. Stochs still looking pretty bearish, but I expect we...
BCH is just now working on its 1D death cross (200 EMA crossing above the 55 EMA). This fits nicely with BCH rising into a nice orderblock (blue box). We have a confluence of multiple resistances here - 618 fib, stacked 55/100/200 EMA , and daily volume profile PoC . Looking at RSI , we see a trend line that it is likely to test and stochs also looking like a bit...
H&S on RLC (easier to see on smaller TFs), we've already broken the shoulder line, but haven't had volume fall through yet. If we see some volume, I'd expect us to touch up to 330, which is heavy volume resistance and fits perfectly with the measured move from the H&S. I've bought some and will plan to offload 75% around 330. Will set a S/L a little into profit....
Competing channels here of various flag -
Purple - bearish flag, measured move to .0028
Green - bullish flag, measured move to .0042
Yellow - bearish flag
These all line up well with each other. A break down from the purple would have us touching the bottom of the green channel, the 768 fib of the green's pole movement, and the .0028 horizontal support. I'd...
Quick long here - buy along the support (1122) and sell at 382 fib. RSI creating higher lows and near bottoming out. Currently in the channel of a bear flag, but support has been holding. Expect a bounce up before another serious test of the flag's support level.
VET has corrected considerably after its sharp rise. We are sitting below the 618 retracement line, although price is flirting with the upper resistance of the channel. VET has continued to show bullish divergence on RSI as price hits lower lows while RSI is making higher lows. Price is also currently flagged out but there is heavy resistance above with the...
MCO flagging out after the recent news of cards releasing in Singapore. Price right now is sitting around the 618 retracement and bouncing between the 50 (resistance; blue MA) and 100 (support; white MA) 2h MAs. However, on large runs up, at least a wick to the 768 level is usually a safe bet. The 768 lines up well with the bottom of our flag channel. Below this...
A nice continuation pattern here from TRX's bounce off the local bottom. Still waiting to see some more confirming volume but this has formed a beautiful cup and a short handle. Short handles are generally considered an indication of a strong trend, and would point towards a more convincing upside movement. We have also just closed above the 200 MA on the 4h,...
Nice reversal pattern here on TRX. I've been watching this over the last 12-24 hours. It has shaped up nicely and is currently trying to break above the neckline at 325. Looking for confirmation with volume and (like always) this will be subject to if BTC stays relatively stable. We have the 200 MA on the hourly as the final possible pushdown, but as long as we...
