Hey guys, Stratis finally reached a key resistence level, that it felt below back in September. It was a long journey for everyone, who didn't sell. Currently, we can see a supporting trendline and some buying-pressure. Hopefully, the level will break and we see a nice rally. The Ichimoku cloud looks promising, not a single bearish sign to see here. Let's see...
Hey guys, we will see a bounce off the 0.382 fibonacci level and the supporting uptrend line, which started at the 28th of December. There are a few bullish sign, which indicate such a move. First of, the ascending triangle formation, as the bottom of the former downtrend. Furthermore, both, the EMA30 and the EMA10 were crossing the EMA50 upwards, which can also...
Hey guys, after that huge bullrun, we saw a healthy correction for some days. Now, it seems like the price is moving towards the trend line, which will offer a great support. Here are some indicators, that make me very confident about a incoming bullrun to the target zone. RSI oversold -> bullish MACD strong uptrend -> bullish Support by the trend line...
Hey guys, as you can see, there's a clear descending triangle on the chart. What does it mean? Well, it's the end of the former uptrend, for now. In the literature, I found this quote, which fits perfect to the current situation. "There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation...
Hey guys, digibyte has shown a fantastic rally the last few days. I took some time looking at the chart to evaluate the current situation and get an idea of where the price is moving. The current rally offered a 189% gain if you were lucky enough to buy the low on 8th December. That's a massive gain in less than two weeks. The question is can it move up even...
Litecoin will drop before it pushes through resistance. Prepare your entries :)
As you can see ZEC is forming a nice ascending triangle as a bottom formation of its former downtrend. The EMA 9 is about to cross EMA 20, which will hopefully cause a breakout and start an uptrend. If it happens the area between breakout and 200 EUR would be a good entry. Based on the fibonacci retracement I see a possible move towards 240 - 250 EUR zone until...
Either way, set a stop loss to save your profits or find a nice entry when resistence gets broken :)
Hey everyone. Today I decided it's time to take a closer look on digibyte. We have seen a spike at the beginning of june due to the bad news and confusion around CitiT4IChallenge. To clear that one out, digibyte didn't lose the contest. The announcement in June was a side-contest. Laura Gaviria Halaby announced on twitter that there will be more announcements in...
The triangle formation that is appearing in the chart, is described in many of the previous ideas as a possible breakout pattern (pennant or flag). I'd be a little more cautious here. John J. Murphy described the formation like this: - "The descending triangle has a declining upper line and a flat lower line. Since sellers are more aggressive than buyers,...
The triangle is about to break. Ichimoku indicator looks promising: - red line is about to cross the blue line from below - the crossing will happen above the cloud - green line is above the previous price and above the cloud - the current price is above the cloud Get ready for a pump :)
Hey everyone, I checked the Litecoin7Euro course and decided to write an analysis. Check it out on steemit: steemit.com Cheers :)
Melon seems to be in an uptrend. Possible entry is marked in green. Expecting it to aim at former resistence level, marked in red.
As we can see Dash is on a nice breakout of it's short-term downtrend. With the MACD sending a buy signal, it's a good opportunity to buy.
There's a nice entry point on Zcash right now. Expecting it to hit atleast 110€ soon.
As you can see I drew a fibonacci retracement from the lowest low to the highest high, trying to find the sweet spot for my entry point. Both MACD and RSI are not sending any signal to rush for a quick buy. So lean back, relax and wait until the chart drops below the first resistence level at 0.00000077 (yellow rectangle ) based on the fibonacci retracement...