Gruntle

Gruntle

Symmetrical triangle pattern in a downtrend would indicate that we see a break to the downside. Confirmation should come shortly, and a break down is likely to extend to the $2000-$2500 area. Weekly stochrsi topping out, but macd crossing slightly positive. We're also hovering right above the daily 50 ema, and a break down/close below the ema with volume would...

Gruntle

COINBASE:ETHUSD has been trading below historic trendlines and has seen a period of accumulation, after which is it now slowly building momentum. Some of the other coins with historic strength have shown significant momentum already, with eth somewhat lagging behind. This gives a good opportunity to enter eth at an attractive level early in a bullish cycle....

Gruntle Updated 

A basic drawing of the overall trend pattern we have been in since the start of the year. At the moment there is no indication that the COINBASE:BTCUSD trend is invalid, and we are soon approaching the tail end of a descending triangle, and likely an impending break of the support at 6k~. I expect the triangle support break to occur early august. However, for...

Gruntle Updated 

Just some trendlines drawn. Currently, some significant ma levels on COINBASE:BTCUSD and BITFINEX:BCHUSD 6hr time frame have crossed over bearish. Additionally, the daily macd has also crossed bearish for both. I would avoid an entry at the moment, and wait to see when the bottom is in. I know my line are messy, but my expectation is a drop to around 1050-1150...