CryptoColugo

CryptoColugo Updated 

Almost for a year the price is ranging in this triangle. A few days ago we bounced of the restistance line of this triangle and it seems we will find back support in the 0.30 area. As the price range get's smaller and tighter i'm wondering if we will breakout bullish or bearish! What do you guys think? This chart is for educational purpose, i would like to...

CryptoColugo Updated 

I see a falling wedge on the chart within a symmetrical triangle. We can not say that this triangle is valid becaus we only have 2 connections but it seems that the support line of that triangle hold on the daily chart. The falling wedge in the triangle is also a bullish sign. Stochastic indicator is under 10 and if we see previous price action than i notice...

CryptoColugo

From 12/14/2018 a strong supportline is formed on the daily chart which is still holding up till today. Everytime we close above this supportline the price rise at least 3%. Since this supportline is so strong its a good time to enter the trade when price closes above this supportline. Slowly higher lows are forming in a ascending triangle. This triangle broke...

CryptoColugo

I see on the 1 hour chart a falling wedge which is mostly a bullish sign. If we look at the daily chart than we see that we are making higher highs and higher lows, we are still in this pattern and a higher low is probably set. If this is the case and the trend continues to make a higher high we might see a 25% rise. This chart is made for educational purpose...

CryptoColugo Updated 

We might see the price rise since we are trending in a falling wedge and the Stochastic is under 20. This chart is made to learn more about TA.

CryptoColugo

Currently the price range of the symmetrical triangle is getting tighter. We will brake bullish or bearish but the stochastic indicator shows a oversold condition on the 4 hour chart so i think we will bounce from the lower trendline in the triangle and see the price rise. The best entry would be after a closed candle above the resistance line in the...

CryptoColugo

Traders could open a long position since the price reached the ascending channel’s lower trendline and exit the trade when price nears the upper channel line. A stop-loss order should be placed slightly below the lower trendline to prevent losses if the security’s price abruptly reverses. This chart is for educational purpose, i would like to see insights from others.