Crypto_Mayhem

Crypto_Mayhem

The tenken bounced off of the cloud and crossed the kijun on the daily chart. Backtesting has shown this to be an excellent entry point when price action is above the cloud and the chenkou span is above price action. Both are present here. Entered long. Apologies for the extra lines on the chart that look like the don't match up.. those are from candle S&R and...

Crypto_Mayhem Updated 

If this head and shoulders is confirmed for the ADA-BTC pair, it's going to get very very ugly, and probably very quickly. The downside is massive from the top of the head to the neckline, measured below the potential bearish break point. The overall trend is still very bullish, but short term momentum has slowed, which could potentially lead to larger...

Crypto_Mayhem Updated 

Harmony (ONE) coin is reaching a decision point in its short term consolidation pattern, with the sentiment and momentum being bullish. There are few signs of a reversal in trend, other than the simple fact that it's skyrocketed in price recently. Waiting to see if the breakout occurs. If it breaks bullish, the price target from the measured move to the upside...

Crypto_Mayhem Updated 

Decentraland is reaching the point of a larger symmetrical triangle consolidation pattern I've been watching for a while now. Decreasing volume indicates that a move is imminent. If the move has high volume and strength, that would be an indication to look for an entry point. It's also formed a bull flag inside of the larger structure. Within the next 24...

Crypto_Mayhem

ENJ USD looks very similar to many other crypto pairs right now, with a large symmetrical triangle forming on the 4H chart that's nearing completion. Looking for confirmation of direction on the move sometime in the next 24-48 hours. Volume is declining and is very low right now, so a high volume breakout indicates a large move measured by the impulse from the...

Crypto_Mayhem Updated 

Looks like ADA has hit the .618 fib extension resistance line and gotten itself stuck forming a doji. This in itself is somewhat surprising, because normally a big move like that sees a pretty quick retracement. Trading volume is still relatively high, considering the price being so firmly planted at $1.38. It's probably not going to be there long, but the...

Crypto_Mayhem

MANAUSD forming a similar symmetrical triangle pattern that other cryptos are right now after seeing big pushes to the upside. This one could take a while to break, barring any news to push the price up based on fundamentals. The most recent attempt to break resistance was rejected at the upper boundary line, so watch for the lower boundary touch to see if the...

Crypto_Mayhem

The 12H Ichimoku shows additional confirmation signals to bolster the 1D chart analysis I posted earlier. The chickou line is back above price action after a brief trend to the downside. The tenken is crossing the kijun now on the 12h chart. The price line was inside the cloud, indicating no trade should be made, but has just broken out of the cloud to the...

Crypto_Mayhem

ADA has turned back to the upside on the daily, pointing toward a continuation of the bullish pattern. The Ichimoku Cloud indicates a possible entry point for a long position with only a couple of potential drawbacks to entry. Notes on the chart.