VENBTC Triangle break out and XABCD patternThe price movement went out of the triangle and formed the XABCD pattern. MACD (12, 27) and moving averages indicate a further growth. The price can form 5 Elliott wave pattern if it bounce from the Fib 0.5 support level. We will carefully watch this coin and provide you with all updates. For now it is a good trading opportunity.
Skyrocksignals
ETCBTC Potential XABCD and Triangle break outMomentum (10), MACD (12, 27) and Stoch RSI indicate a good buy opportunity. So do simple and moving averages (10, 30, 50, 100 and 200) while Ichimoku Cloud Base Line (9, 26, 52, 26) is neutral, hence the price does not have any significant resistance. There are a lot of good fundamental news that will increase the price in the following month. We recommend to buy and hold but if you are a risk averse person set a stop loss mentioned in the signal, as with a sharp BTC rise the price may fall correspondingly.
IGNISBTC Potential triangle break outThe bottom line of the triangle is the support that was tested twice, currently the price is near this level and should bounce again from it. This will be a fifth Elliott wave which will break the Triangle upward. We expect a significant rise of this coin as its fundamental basis is decent as well as technical. It has been recently added to Bittrex and we waited till the right moment to enter. Stoch RSI is in the overbought state, so we should wait till it dips a bit to the zone that is drawn on the chart. Probably it will be the best moment to buy IGNIS.
MAIDBTC Possible H&S formationWe detected a possible H&S formation. The price is currently below the Ichimoku cloud while Stoch RSI indicates oversold zone, volume is rising, hence the price will go up to the upper edge of Ichi red resistance line. Then it will go down finishing H&S formation as Hull Moving Average (9) and Exponential/Simple Moving averages 200 indicate sell time. The price will fall till the blue zone where it is a perfect time to enter the market.
HMQ Cup&Handle patternThe price has overcome Fib 0.382 resistance and is on it's way to form Cup&Handle pattern. Stoch RSI indicates overbought state, wait till the price consolidates a bit and buy for a short term trade.
Alternative scenario is Double Bottom formation but this will only increase timeframe of the signal. Fundamentals are good and the most of indicators (Bull Bear Power, Exponential Moving Average (10, 30, 200), Hull Moving Average (9)) show a further growth.
BTCUSDT Return to the ascending channelPessimistic scenario was rejected, we have a lot of market recovering signs. The price managed to survive bear pressure. H&S pattern wasn't finished. At this moment the price should consolidate in the channel and if it bounces from $8500 level a reversal and further growth will happen. However it will be a fifth wave of growth and there is not enough volume to break the channel upward. After this will go a correction wave. In optimistic scenario the price will bounce from the trend or the support line. In pessimistic scenario it will be broken and we will see $7900 level again.
BTCUSD Possible H&S or Bull's flag formationThe price moved accurately like we predicted in the previous analysis. However, there is an opportunity to form H&S pattern as there wasn't sufficient volume to overcome the resistance of $9000. BTC is at a critical moment: right now the price can move in two scenarios with equal probabilities. It is below Ichimoku cloud and the red line is above the green line which means strong resistance, moreover Stoch RSI is about to reach overbought zone. It broke down the ascending channel. However it is currently on the way back to it. If it manages to return then three rising valley of Bull's flag will indicate the possibility of breaking through the resistance which will grant an opportunity to move higher and consolidate there. Also ABC correction wave which was observed after 5 Elliott Impulse waves has finished, this increase the possibility of the further growth.
In case of pessimistic scenario the price will grow to the $8500-$8600 zone and then will fall back to the $8000 which will complete H&S formation. Then the price will decrease till the next support zone around $7200.
In case of optimistic scenario the price will move out of Ichi cloud making it the strong support level and will go above $9000 which will complete Bull's flag pattern and will open the way to a higher level of trades.
We recommend to carefully track BTC price movements and put a stop loss in case of pessimistic scenario on all your trades. In case of optimistic scenario we will provide you with new good signals and trade opportunities. Currently all trades are very risky, the market hasn't recovered yet, be patient.
BNTBTC Double bottom formationDouble bottom is forming right on the Fib support level, while the price is above Ichimoku cloud. Moreover Stoch RSI is in the oversold zone. We expect a short term growth to the 0.000715 BTC. Stop loss is below 0.000560
MONABTCOn the 1-hour chart we can see that 5 Elliott impulse waves were followed by ABC correction waves pattern. After this Cup & Handle pattern is forming. Right now the price is above Ichimoku cloud moreover the green line is above the red line right in the place of handle formation. Moving averages and Stoch RSI indicates oversold zone. Combining with a strong support we will have completion of the formation and the growth to the targets according to the Fib retracement levels. Buy only when it goes above Fib 0.382
XLMBTC Triangle and 5 Elliott impulse wave patternThe price broke Fib 0.382 resistance level and is consolidating now forming 5 Elliott impulse wave pattern which will move the price out of the triangle. Stoch RSI confirms this scenario. If this happens then XLM will grow to the next resistance level of Fib 0.236. This asset has a great potential and is going to return to the previous heights. Buy only when the price consolidates above 0.0000460
BCC Broke out of descending channelBCC moved in the descending channel 20 days and finally broke out upward. Oscillators and moving averages indicate future growth. Resistance of Fib 0.5 was broken. The price will move to a higher levels of trade after a small consolidation
STEEMBTCOn the 1-Day time frame we have a very optimistic scenario which indicates a growth in this month. The asset skyrocket in June and was in descending channel till the end of December. When it found the support the price went up in 5 Elliott wave pattern this was followed by Elliot ABC correction wave and stopped at Fib 1 support level around 0.000399. Oscillators and moving averages indicate further growth and we expect increase of the price till the Fib 0.618 level. The signal is already in the Premium channel
NEOBTC Possible price movementABCD harmonic pattern was formed. Price moves in the ichi cloud while green line of it is above the red which represents the strong support. Our analysis based on oscillators and moving averages indicate that the price will move up till to the edge of the cloud and then will retrace till its bottom. In case of this scenario there will be 5 impulse Elliot waves which will return the price to the previous levels above Fib 0.236
AMPBTC Three Drives PatternOn the 1-Day time frame we have a very optimistic scenario which indicates a significant growth in the following month. We examined 30-Minutes charts and found that after harmonic pattern XABCD we may see Three drives formation as RSI and MACD indicate an overbought state. The completion of this pattern will bring the price to the mentioned in the signal targets as fundamentals of the coin are good too. The major update is about to be released on February 13, 2018, their extension application will become a full web-app.
BTCUSDT Returning to the previous channelMarket grew up significantly during this night, volume is also rising. BTC price went up and returned to the previous channel after the rebound from Fib 1 support level. In a very optimistic scenario it has chances to consolidate there after a small price decrease as it is in the overbought zone. Then important resistance level of Fib 0.786 will be broken and the price will head to the upper edge of the channel and after consolidation and bounce from a formed support around $8900 will broke upward the descending channel and may head to the next resistance level of Fib 0.618. This will be a critical moment for the market recovery. In the realistic scenario we may face with other manipulations and dumps, but overall significant volume rising is a good sign.
BTCUSDT4-Hour time frame the price is still in the Triangle. We bounced from Fib 1 support level if the price manages to overcome resistance of Fib 0.786 and to consolidate there, then it is a good moment to enter the market. Stoch RSI indicates an oversold zone taking into account the recent rebound, the market is in bullish mood. However BTC is still manipulated by whales and in case of further decrease we will have Rising wedge patter and break of the triangle down which is a very bas sign. Be careful and take into consideration activity of the BTC address that we shared this night to make an investment decision.
STORJBTC Cup&Handle patternCup&Handle pattern was formed, moreover the price is above Ichimoku cloud and it is a strong support zone now. The price touches the edges of ascending trend. Stoch RSI and MACD indicates further growth. We expect the price to touch our last target within a week.
PIVXBTC Fib RetracementBounced from the Fib 0.5 support level and broke through Fib 0.382 resistance. The price is above Ichi cloud while the green line is rising. It means strong ascending trend. Stoch RSI and moving averages recommend to buy within a short term period. Overall fundamentals of the coin are great. We expect reaching the signal targets within next few days. In case of further BTC dip we may see a PIVX price decrease to the support level below Fib 0.5.
LSKBTC Double Bottom and New UptrendDouble (Triple) Bottom was formed which indicates a strong support level which is confirmed by Ichi cloud. LSK price is in the strong uptrend and will follow our short term targets in the signal. Although RSI indicates overbought zone the demand is much higher than supply so the price should go up with trade volume.
BTCUSDT Ascending channelWe found XABCD pattern formation and to confirm it we decided to use Ichimoku cloud. The price is above Ichi cloud, this indicates an uptrend and possibility to finish the formation that is drawn on the chart. Moreover the Leading Span A (green cloud line) is rising and is above the Leading Span B (red cloud line) it means that the uptrend is strengthened. Green cloud is now a strong support and we expect that the price of BTC will move in the parallel ascending channel.
BTCUSDOn the 1 day timeframe chart we can see that BTC is in a critical stage. The price touched Fib 1 support level and bounced back, now it is above the trend line again. MACD and RSI both indicate further growth, nevertheless indicator analysis never predicted BTC price movement. Whales understand that if the price goes below the trend line it will break support level and will go much lower. It is not in their interests so they should help it to consolidate and to go to the previous levels. Two possible scenarios are drawn on the chart. Which scenario is more likely to happen we will see in the end of this day. If trades close higher that it opened today then the optimistic scenario should take place otherwise we will see a greater correction wave.
PDCBTC Elliott WaveThe triangle was broken down with the last Elliott Correction wave and now it is below Ichi cloud. We expect a significant rebound from the 1.618 Fib support level which will start a new growth wave. In case of further BTC dump the price of PDC will continue to decrease along with total market capitalization. The stop loss is presented on the chart. If it triggers then reentry point is above 1.618 Fib when volume sufficiently consolidates.
Although fundamentals for this coin are great and it is still has potential to recover and growth more.
NEOSBTC Rebound from 0.786 FibThe price is still in the descending channel. We expect a new bounce from the 0.786 Fib support level right to the major resistance level of 0.5Fib around 0.000812. If the price overcomes the resistance then our signal is still in power otherwise sell NEOS at the breakeven point between 0.000730-770.
Stoch RSI indicates oversold zone however various oscillators and moving averages tell to sell the coin.
