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Noobanalysis

TrustCoin falling wedgeJust bounced for a second time off of the kijun. Possible confirmation of falling wedge trend line support and subsequently the reversal of the short term pullback and continuation of the underlying upward trend. If it holds support at this level it will take off like a rocket to the top of the cloud. If it breaks out of the cloud, move your stop up target 1. Look for RSI to close over 50, bullish cross and volume to confirm reversal. Set stop tightly below kijun. Keeping a very close eye on this. Enough interest will keep this updated. Please let me know what you think. Thanks.
TLong
by groach46
2
ENG BTC...playing devils advocateNoob here, but learning. Am seeing a lot of positive ENGBTC TA in my feed, which is great! Alot of it I cannot reply to as I dont have the cred yet. Anyway let me start off by saying I am a noob and post these as learning tools. Also I am not in any ENGBTC trade...so if you are in..best of luck! I just dont see it changing in the short term though. I like to use the cloud. I have adjusted my setting based off recommendations for crypto. Anyway, I see a TK cross in the cloud and also the lagging indicator in the cloud. yes there is a potential kumo breakout or cloud break, but with no volume, also I see bearish divergence on the stochastic RSI (see circle with no shading). Thoughts :)
Short
by BKM1978
What is a Falling Wedge? Newbie Case Study : $GNTIf you're new here, you've probably heard a ton about various terminology that indicate the past, current, and future trends of particular cryptocurrency. Additionally, you've probably heard that these terminologies indicate whether or not a trend is "bearish"(Downward) or "bullish"(Upward). In this case study, we will examine and dissect $GNT's and how its formation pattern indicated a future increase in price. GNT'S Falling Wedge A falling wedge is when the price makes lower lows and lower highs with the resistance line being steeper than the support line. Every new low is created with loss of momentum, signalling of underlying strength. Between the yellow lines, we observe this formation pattern. There are two variations and we will be observing variation #2: The Bullish Continuation The bullish continuation is when price breaks above the resistance line of the wedge and continues on it's bullish formation. The target price should be the height of the wedge measured up from the breakout point. In this case, our target for $GNT is 6000-6500 Satoshi. Happy Trading and here is a video for reference! Constructive Criticism is preferred! Compliments welcomed aswell :) REFERENCE IS LINKED FOR GRAPHICAL OVERVIEW OF THIS CONCEPT-
G
by CryptoByDAY
2