YOYO has been in an uptrend in the last weeks and I am actually bullish on this coin if it manages to close the day above 575 satoshi. Yesterday we saw a lot of volatility but until now it hasn't been able to stay above 575 price point, now I am expecting it to finish this double top formation IF it breaks below 565 and tests it as resistance. Price target is...
Pretty clear Adam-Eve formation, quick price drop with low volume first in 28 days followed by a faster price surge with higher volume in just 11 days and finally a slower drop in 50 days. At the moment LSK is sitting at the bottom with a significantly higher volume which indicates that this coin has entered the accumulation phase. Target of this formation is...
AIONBTC is forming an ascending triangle and a symmetrical triangle, we need to watch it closely for a possible good buy opportunity.
WANBTC formed double top formation with bearish RSI and MACD divergence. Volume is also getting lower and lower, there is simply no buying pressure anymore. Targets are blue lines.
We have got a coin that didn't increase that much with the recent Bitcoin upward movement and it has been in a symmetrical triangle formation almost 5 months. Now MTL has slowly increasing volume , neutral RSI and MACD indicators. Aroon indicator is close to cross bullish and give us a nice signal in the near future. We can wait until it hits the dynamic support...
We have got QLC with a short term trade opportunity in 1H chart. As it can be seen in the chart, RSI and MACD are neutral, Stochastic RSI is close to oversold area and volume is pretty high. It can make a bull run above to the blue targets in a couple days and it has a market cap of 43 Million USD which is relatively low for a coin listed on Binance in my opinion.
RCN recently broke out up to 1550 Satoshis but it couldn't sustain the upward momentum as the Bitcoin price dropped at the same time. Now it is going for another breakout, chart looks good with higher highs and higher lows. Volume is building up. Aggressive traders can enter now, safe traders should be looking for the 4H candle to close above the first target(1537...
Binance has been one of the favourite exchanges in crypto market and it has been growing over and over, reaching millions of users. Like Binance; Binance Coin has been increasing its value even in this bear market and BNB was one of the highest gainers in 2018 but as everything else this increase won't last forever. The chart is already showing multiple bearish...
Zcoin has been in a correction phase like every other cryptocurrency and it has been building a falling wedge pattern as it can be seen on the chart. It also formed a local double bottom in the last 2 days and MACD crossed over as a bullish signal which lead us to think for a bull run in the upcoming days. We just need to wait and watch for a breakout and a candle...
After a quick bull run NEBL retraced back to 0.618 Fibonacci point, a breakout through the flag is a clear buy signal with a target of 0.0215. *This is not a trading advice, it is only for educational purposes.*
After the recent crypto boom almost every cryptocurrency lost value with Bitcoin and they are starting to find some support during this plummet but it is not looking good at all for Ether at the moment. It completed an Elliott Wave pushing its price up to 0.1228 and started to move for the corrective ABC structure. It seems like Ether already completed A and B...
It is a hard thing to foresee what BTC will do but thanks to technical analysis we can guess the probable outcomes when a pattern occurs and take positions afterwards. As you can see there are 3 possible scenarios to watch out and each of them have their own targets. At the moment BTC bounced from the long term resistance line once and it is still consolidating...
After the recent bull run, Litecoin found itself support at 0.786 Fibonacci retracement and MA100 and it bounced twice from there. Overall it has formed a falling wedge and it might breakout through that for another increase in price.
It seems like BTC is going for an inverse Head&Shoulders pattern. Added to that we are seeing a bullish divergence when we check the MACD indicator.
Chart is self explanatory with an obvious descending triangle, a break through the support is a clear sell signal.
I am learning to analyse trading charts and I am publishing this analysis to check back in future for my own educational purposes. Any feedback is appreciated.
I am learning to analyse charts and I a publishing this analysis to check back in future. Any feedback is appreciated.