Could be a fakeout but if we close daily candle above $4, we could be in for some upside, followed be re-test then continue the upward trend.
Looks like reversal to upside after a decent consolidation period. MACD crossing on Daily timeframe.
Elliot wave formation. Looking for 1.6 FIB @ $1.26 MACD about to cross on 4H timeframe
We have been in a long consolidation period around ~35-40 mark for a few months. This is building a solid support, which aligns with strong fundamentals the company has. This means a lot of people have been accumulating at this range and when it does pop, it should pop pretty hard and rapidly. We are heading into a narrow range forming a triangle from where I...
Descending wedge with decreasing volume tells us sellers are almost exhausted and should go back up as we're still in the uptrend. Looking at breaking out of here then either moon or some more consolidation ahead. RSI is oversold, getting close to horizontal support at 56c and still above 200EMA.
RSI bottomed on 4H, Bull flag formed, Volume spike leads me to believe we're going to break out and go to Fib 1.618 extension @ ~0.195 as first target. Only started uptrend 11 Feb so I think it's still got some juice left in the tank to go further. DYOR and GLTAH!
A few ways this can play out here. Any bounces last few days have been all but weak and looks like the bears might be in control at the moment. The run has been quite spectacular from 10K and it didn't take long for BTC to reach just below 60k. There's a few strong support levels (marked in green) to bounce off here along the long term trend line and go back up....
We've broken mid-term support from upward channel around $42 and currently hovering around $34 mark. It has been a good run since beginning of Jan (done close to 4x) and the market needs to go through its cycle. There's a strong support around $34-$39 area so I can see it bouncing up and down here for a while to create extra strong support. I am still bullish on...
With plenty of great FA, Quant keeps on chugging along the channel. All dips being bought and no irrational parabolic moves yet. StochRSI showing oversold on 4H after some healthy correction, it has bounced off nicely off bottom and continue to move back up and range within the channel. Always DYOR!
QNT is having a great run thus far with excellent fundamentals. Still more to go with plenty of volume to back this up. QNT is having a little break to refuel but should break out in a day or so. Good area to have a break as $40 is a psychological resistance. Watch this tightning asecnding triangle range then booya!
Oversold on Daily, bounce off Fib. Looking for 1.6 extension at $6.20
First target is $34. Enjoy the ride. Unless BTC ruins party...
Above ichimoku, Stoch RSI oversold. Obvious upward trend, just taking a quick break. All good all good!
Long situation: We are looking for a bounce here on ichimoku and 50 MA support lines. Short situation: Falling through the support area will cause SR flip.
Above Ichimoku cloud on the 2h chart. Had a little retracement today which was expected after a aggressive run. Looking for profit taking zone at around 1.26 then another at 1.53.
We broke out of long descending wedge on daily chart with consecutive green candles with S/R flip. We are still not out of the woods just yet but it's looking promising. Some more confirmation is needed for full confidence in trend reversal. We really want to be above the Ichimoku cloud. Looks overbought on the RSI so after retesting the new support, we should be...
But if BTC does something funky, this can be invalidated. Current target for wave 3 is 7400