tennant.graeme

tennant.graeme

Looking at the daily chart there two significant elements to pay attention to: (1) Support Zone ($7100 - $ 5800) - this price range has been tested a number of times and a clear break below this zone could see us drop to around $4200 (1.138 Fib extension) or even $2400 (1.272 Fib extension). (2) Resistance Trendline - Also tested a number of times. A clear break...

tennant.graeme

From it's low on 15 September to it’s 21 October high, Bitcoin gained over 110% - surely it's due for a significant correction right!? Not necessarily, but here's what we need to look out for… Rising wedge - The orange trend lines create a rising wedge pattern. The upper orange trendline is a key longer-term resistance trendline linking all significant previous...

tennant.graeme

Monero (XMR) has broken above bearish resistance trendline held intact for over 40 days, supported by a strong volume spike. "Alts" have been under a lot of pressure leading up to the BTC Gold fork, but now that the fork is concluded I expect "alts" to recieve large inflows. XMR has now broken out of a flag pattern - the impulse leg from A to B forms the "flag...

tennant.graeme

The move from point 1 to point 2 creates a strong impulse leg. There after we see a bullish pennant forming which is a continuation pattern signalling that further upside is likely. Look to enter after the break of the upper pennant trend line, which sure be accompanied by a volume spike. Note that the volume has been falling during the formation of the pennant as...