ngordon

ngordon

NASDAQ holding 200 day moving averages so far. To me this chart looks like a head and shoulders setup with the head cutoff from the neckline. If NASDAQ can break 7360-7380 trendline area, the market can continue its ascent. To me, the most likely scenario is a test of the upper trendline over the next few weeks and then a sharp break to test the lower trendline...

ngordon

Eth settling above long term downward trend line that has been in place since January 13th. Another settle decidedly above the trendline signals a clear bull market. Eth resistance levels are 563, 600, 728, 893 and 1128. Support levels are 471, 450, 432, 415, 389, 358 and 300. Fibonacci numbers now in play to the upside. I would look for the price to seek out...

ngordon

MANA (decentraland) breaking out of flag pattern it has been in since January 9th. I think there is a lot of upside potential for this coin right now. Fundamentals are strong and technicals are looking considerably favorable. *Market cap currently only around $78,000,000 *Strong daily volume average around $8,500,000 *Decentraland marketplace opened March 19th...

ngordon

On the technical side, bitcoin is settling below the 30 day MA today. Testing 200 day MA. The market needs to hold the 200 day MA. Also settled below key level 9400 or so today. In my opinion, this 9400 area is huge Fibonacci level now and going forward. I am currently running my Fibonacci retracement from the low set Sep 15, 2017 of 2975.01 to the high Dec 17th,...

ngordon Updated 

A confluence of factors are merging to batter bitcoin into a bear market. Two have happened today, breaking 200 day MA and 30 day MA breaking 100 day MA. The third was the breaking of the bull market trend line which occurred Feb 1st. It depends where you start the Fibonacci retracement from, but I have started it in this instance from $734, which is the low on...