Midterm forecast: While the price is above the support 0.7085, beginning of uptrend is expected. We make sure when the resistance at 0.7320 breaks. If the support at 0.7085 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. A...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.1140 would begin in Midterm. Technical analysis: The ascending flag taking shape suggests we will soon see another leg higher. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more...
Midterm forecast: 0.7145 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 0.7145 is broken. Technical analysis: The RSI bounced from the support #1 at 25 and it prevented price from more losses. While the RSI downtrend #2 is not broken, bearish wave in price would...
Midterm forecast: 0.9555 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 0.9555 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic...
Midterm forecast: While the price is above the support 1.4800, beginning of uptrend is expected. We make sure when the resistance at 1.5360 breaks. If the support at 1.4800 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: The descending flag taking shape suggests we will soon see another leg lower. There is a...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 0.6720 would begin in Midterm. We will close our open trades, if the Midterm level 0.6720 is broken. Technical analysis: There is a divergence in RSI and price between the trough at 0.6544 on 2018-08-15 and the trough at 0.65005 on...
Midterm forecast: 1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the resistance #1 at 80 and it prevented price from more gains. The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased. Price is below WEMA21, if price rises more, this line can...
Midterm forecast: While the price is above the support 1.1300, beginning of uptrend is expected. We make sure when the resistance at 1.1840 breaks. If the support at 1.1300 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 1.15095 on 2018-05-29 and the...
This is continuation of my long term bitcoin prediction.,,, dont buy now,... wait for bottom we are in a big running flat
it would still go up; dont sell just because it has broken the trendline...