I recently posted a bearish ABC move for ETH and people asking me every day to update..... But for me, its still in the same move....allthough it broke the yellow trendline,its still in a bearflag which is an indication for me that its very likely to break down and going down for (C)
ETH broke down the upchannel and makes me think its in a bigger ABC-channel. This downward movement was already indicated by a bearish MACD. To be honest: I'm looking at the target, what should happen to let it drop that much.... I had the same feeling when ETH was at 300 and my target was 140. This is not such a big downfall, but I'm still a bit surprised. But...
I see a pattern what is typical for cryptos: accumulate, pump, dump, accumulate. It looks to me as if ZEC is back in its previous accumulation zone with decent volume daily. I will just wait till it breaks out, not waisting my time now.
I'm doubting which way NEO is going, therefore I'm showing you 2 scenarios. My previoius set up described a downtrend for NEO (right chart) and 1 more leg down. Yesterdays sudden upmove broke out of that pattern and is currently making a bull flag on lower timeframe. If I draw the upper trendline a bit different, price stays in that downtrend and it might fall...
Easy set up, breaking the upper trendline is start to next target. Target determined on Fibo extensions, like I did this whole upmove for LISK and worked out perfectly.
Previous set up hit the target in that spike. Looks to me that OMG is making a correction after this push up which seems to be caused by a photo 4 people standing in front of a Google-logo ;-) I saw a bearish divergence on MACD which makes me think, it might retrace towards the blue box. On biffer TF I'm expecting more up, maybe next pump is a picture in front...
Just a quickie.... Saw this one called on Twitter and wanted to share it with you. Storj was in a downtrend, found a bottom and bounced, made a flat correction and currently breaking out of the downtrend AND the flat. On the 240 you can see rise in volume, in the last period of downtrend. Good sign that whales were accumulating. Tradingadvice: try to wait for...
We've seen a nice breakout, followed by an upmove which missed my target just a bit (on chart). See below the link to my previous set up. I'm noticing bearish divergence on MACD, so I'm expecting a bit more correction towards 135 and from that area, we could expect a possible bounce towards the next target in the 280-300 area. That target can only be determined...
PIVX made a nice bounce out of the blue box but didnt break out of this pattern........not yet. Could be interesting to see how this continues. One more leg down, before breakout? Keep your eyes on that trendline, once it break out==> buy after some consolidation. Check my link below how to trade breakouts. Possible targets can be determined once break out is a fact.
ZRX got dumped pretty hard after a first pump after listing on Poloniex. Today we saw a break out of the downtrend and right now a correction and maybe a retest of the trendline. I've heard several big players whom are expecting a big move up (pump). As far as I know, the fundamentals are O.K. for this coin. Volume is low on Poloniex nowadays, good chance to get...
STEEM broke out and is forming a big bullisj patter right now. Might fall back to the blue box for a retest of the trendline. Keep eyeballing this as it also might break out any minute. Look at previous update for more info. Link below
Just a quicky.... You misssed the breakout yesterday for that big move up? LISK is forming a beautiful bull flag before continuing further up. Trading advice: watch for priceaction at the upper yellow trendline, when it breaks that line buy. SL below the blue line Happy trading.
I've been following this pair for longer time, waiting for a breakout. We've just seen the break out, followed by a litte (bullish) pullback and hopefully it continues this move up. This should be the start of leg 5, but there is way more space for growth. On lower timeframe (240) MACD turned already. Don't chase candles, try to find a correction to hop on...
3rd chart out of a serie of 3 for my Twitter followers. We can see that price is making a 5 legs structure wave to the upside and just finished a deep pullback after a big move up. Normally, 5th should be at least equal length of leg 3 which means a new ATH. Price broke out of the downtrend and retested the lower trendline. It bounced from that trendline which...
I was looking at the chart and trying to find reasons that NEO could break out to the upside..... Unfortunately for some of you , I didn't those reasons.....for now. I thought we made a 5 legs movement down, but re analizing, I think the chart and legs should be labelled like this, what gives me the idea that we might get one more leg down. Look to the left, its...
Follow up of my charts on Twitter: Yesterday I posted a pretty bearish chart on Twitter. So many people reacted "just hodl", so I tried to find some positive (technical) signals, but I didnt find them... I've tried to mark some important levels for NEO. While making this update, the price broke the fib level 68.1 which it did yesterday already but that was in...
In my previous series of ETH updates, I expected ETH to reach 300 and a bounce towards 280-270. Next move up, I expected a target of 415 which wasn't reached, but from 280 to 394 was still a nice move. I have made a new chart, which gave me some new insights and fresh look. I'm expecting that present correction will retrace some more and once we reacht (4), we...
On request of some twitter followers, I made a chart for ZEC. Long term: we can see that ZEC made a big move up and retraced all the way back to the accumulation zone. Last week, it broke out. This might be the time to start another big move upwards, normally it should be possible to make a new ATH (!). Short term: in a 5 legs upmove, right now retracing to 4....