Price was quickly rejected at around the 52k area and it is currently forming a possible bull flag pattern waiting for it to touch 40k again in the next few days. With this, I have created some possible levels for this price to fall back. These are the 46k level and the 40k level. Supertrend indicator suggests that it is a buy signal in which the price could...
Algorand looks strong here. Demand for this is high when it dip down few hours ago. We can see some retest of its high around 1.8 soon and reach 2 dollars.
This price action looks promising. We might see some upside of the price in next few days.
My analysis says this will keep on ranging on the specified levels shown. This will take days fueling itself before another leg up.
Whatever happens Ethereum will reach to 2k. Ascending triangle is formed and that bounce from 1765 area was a strong reversal. Send it!
Testing of Resistance is my target for a quick scalp. Set stop loss below previous support line around 615
Potentially, we will see the price of bitcoin correct for a day based on this rising wedge pattern. The same thing happened to its price few days ago when it dropped until the 27k before bouncing up quickly. Hoping to place an entry at around 30k then we will go long to 40k.
I still think a breakout from ascending triangle is possible to happen before 2021 if not probably on the next day. 30k per bitcoin is only just few candles away!
Based on this 1H chart, Bitcoin is likely forming a cup and handle pattern which can potentially breakout to 30k before end of the year. Let's see
Ascending triangle pattern was formed from the 1 Hour chart which can potentially send the price above.
There is a big chance we might see 28k again before end of the year based on this pattern.
Currently in a Bull Flag pattern based on this daily chart which means we can expect the price moving up in the upper trend line channel or even a breakout in the next few weeks as long as there are no distractions from BTC and SEC.
XRP just created a bullish pennant which might probably move side ways in the next hours before a breakout upside very soon depending on bitcoin. Bullish as always regardless of the Bitstamp news. Entry can be made once bitcoin cools off for a bit.
RSI is currently overbought but MACD is still bullish. It's nice to see Bitcoin reached 25k but for now we are looking for a higher low in the channel somewhere between 24,200 to 24,300 for a breather so we can test 25k again.
Bullish to me based on this 4H chart. There might be a possible breakout of this price. MACD indicator is bullish. It all depends on Bitcoin right now.
Just missed the short pump but I'm hopeful we can get an entry at around 0.27 based on this 1H chart as the price just reached its resistance while RSI is currently overbought. It looks promising to me regardless of the SEC issue.
Based on my observation from the 1H chart, an ascending triangle was formed which might indicate a possible breakout before the year ends. An entry can be made if breakout is confirmed. However, RSI is currently near overbought but MACD indicator formed some bullish divergence. I'll stay on the sidelines for now.
BITTREX:ZENBTC Two possible scenarios of price analysis for this one: Either the candlesticks form a Head and Shoulders pattern then the price will go down or the candlesticks will go through the uptrend channel. Stoch RSI on a 1 day chart indicates that it is good time to buy as well as MACD indicates the divergence.