BINANCE:GVTBTC has retraced to the 0.618 Fib area. This area is relatively strong support because it acted as resistance between 09/12 and 10/01. Given stochastic is also oversold, we'll see a short term bounce?
BINANCE:LSKBTC has retested the 0.00042 support and successfully held. Stochastic is moving up from oversold area, which is bullish. OBV broke out resistance two days ago, the price has eventually followed today with big volume. It could go up very soon.
BINANCE:ICXBTC is sitting at the lower bound of the up channel on the daily chart, oscillator and OBV are both pointing up. Will it ride the wave and bounce?
There's a very obvious bearish divergence between price and stochastic oscillator on the BINANCE:ZRXBTC daily chart. The three pice peaks formed higher highs, but stoch had lower highs. Be careful as down tread might be coming.
Last time when COINBASE:ZRXBTC was announced to list on Coinbase Pro, price immediately took off on that day. But it retraced in the following 4 days before the Coinbase listing news came out and took off a second time. I expect the similar price action for BINANCE:BATBTC this time. So I would wait BAT price to come back down in next a few days and look for a...
BINANCE:MCOBTC has come back down to the 0.00068 support area, where the price took off after Oct. 20th. The support looks strong as it's also where the volume profile indicates with the highest volume lately. Stochastic indicator shows over sold and OBV is on the support, too. I hope the price could go up soon.
COINBASE:BTCUSD finally made a move to go south. But we don't see significant volume this time, in fact the volume hasn't reached recent average yet. Compared to the most recent red candle, volume is small. Given the price is still above support, I wouldn't worry too much this time :)
BINANCE:LSKBTC just completed a bull flag which is supposed to be a continuation pattern. But it seems to be hitting the 25EMA resistance on the daily chart currently. Let's see how it goes.
BINANCE:LSKBTC just completed a bull flag which is supposed to be a continuation pattern. But it seems to be hitting the resistance of 25 EMA on the daily chart. Let's see how it goes.