I think DOT completed the correction when it has returned to bottom of the long-term trend line at $10.5. The bounce was followed by increased volume which is indicator buyers took over control. RSI is stepping up and has moved beyond 50 level. Chart is looking good and every price that is close to support trendline (red line) is good buy (NFA). If Bitcoin stay...
AVAX reached my bottom target and turned to move bullish. I marked green area as accumulation zone. This is strong support zone from beginning of the year and buyers should take control over the price movement here. Sellers mostly left the market, meaning its buyers’ market now. The accumulation area on a price and volume chart is characterized by mostly...
Bitcoin price stayed range-bound in falling wedge formation with a wick low at $29.000. Its currently retesting the support on falling wedge. It should get bullish from here and move to $36.900 and $43.000 as my final target for now.
The price of ETH is moving on support line of falling wedge on daily chart, simply following Bitcoin price. Any reaction from big brother will move the price of Ethereum as well. Despite the drop from all time high reached in May, ETH is still up some 160 percent from beginning of the year. The price is sitting on 200 MA ready to test the upper ressistance in...
LITUSD on a breakout from triangle pattern. Symmetrical triangles are thought as continuation patterns on a breakout. LIT performed a nice retest of support line (red) and its now heading upward. This should be followed by a bullish move in size of a difference between higher high a lowest low at the beginning of a triangle. Targets marked in yellow.
We are witnessing first major bump in this bull market. ETH topped just under $1500 and created major gap down to support zone at $1050. That was also break down from rising wedge which is very bearish sign. Additional to that, ETH technical picture could turn very negative if ETH closes below next support at $1120. RSI is showing negative divergence on daily...
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Follow up on my previous analysis, where I correctly anticipated breakout from long lasting bearish triangle, I'm posting my next targets. XRP still looks very bullish and given the fact BTC is on ATH, XRP has some more room to the upside. As you all know, XRP can move exponential, be very cautious as it will get wild once the price goes over $0.75 region. This is...
Follow up on my previous analysis, where I correctly anticipated breakout from triangle, I'm posting my next targets. LTC still looks very bullish and given the fact BTC is on ATH, LTC has some more room to the upside. I would not be surprised to see Litecoin trading on $150 region very soon. Follow the lines, next resistance is on $110 level, while $85 acts as...
I posted XRP chart in March when the price reached $ 0.145 level. That was the bottom on daily/weekly chart and very good entry point for LONG plays. XRPUSD managed to take out descending bearish trendline which was in place since 2017. The break above was clean with strong momentum which is now taking XRP to higher levels. My next target is $0.55, but I will...
LTCUSD breakout on the way. Daily chart is looking good, LTC broke out of symmetrical triangle which normally forms powerful move. The price target for a breakout or breakdown from a symmetrical triangle is equal to the distance from the high and low of the earliest part of the pattern applied to the breakout price point. My first targets are market on chart.
Morning Traders! I hope you all are enjoying your trading journey. Cable is showing some serious signs of weakness which we shouldn't ignore. I would say wait for the price to break below the support if you want to take a high probable short trade. What If price breaks above the supply zone ?? You will be thinking we should buy then but i would say no, we should...
ADAUSD is looking bullish, breakout from descending channel was powerful, with big gap to the upside. Retest of the trendline showed strong support on 0.12$ area. Currently the price is above 0,13$ which was another resistance zone and as longer we stay above it, ADA has some more upside potential. MACD and RSI are also indicating positive momentum. LONG; target...
Ascending triangle is indeed bearish formation, when price is making lower lows, but keeps bouncing from support line, which in our case is the long-term support from 2017 – start of bull run. Now most of the time, the price will eventually break the support line and continue to fall, however, in some cases, the support line will be too strong, and the price...
XRP is back to $0.41 after that manipulative move on 9th June. The gap is fulfilled. This region is crucial for movement in next weeks. Looking at 1h time frame, XRP is moving in declining range; making lower lows, lower highs. Breaking that channel to upside would lead to $0.45 target. On the downside there are supports on $0.37, $0,35, $0335 regions. Even though...
The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term. Fasten your seatbelts. Next target $0.63.
I have been monitoring ZRX for long time and covered some of the short-term trades before, but now I’m more interested in the long run as we might have a bullish reversal which could bring higher prices. Looking at a chart from NOV 18 to MAR 19, you can see the price made lower lows while RSI made higher highs – I marked the pattern with arrow and blue vertical...
Follow the next target. I posted resistance zone on previous chart, now ETH is gaining momentum to next target $350. Major resistance at $200 is now new support. Hope you took the trade. Stay tuned.