Like so many other coins at the moment, $DASH is at a key resistance. If we can break and close above $190 (preferably with a weekly candle close), good things lie ahead. Again, I cant stress enough how so many coins are at similar set ups. The next few days should prove to be rather telling.
While $BCH has done a 180 in terms of price action off the bottom, we still need to crack the $680 level and flip that resistance into support. If we can do so, we see four figures again in short order. I still personally believe that before this Bull Run is over it will match, and even exceed, its 201 top. :o)
Friends dont let your eyes play tricks on you, if your a Bull on $LTC, you want this chart to break down! Based on the classic Distribution Dome (which also shows a lot of Wyckoff similarities), we should see $LTC break down below its last support on this chart (and resistance on the NORMAL chart). I own a healthy amount of this crypto and only added with this...
This chart has a lot of things going on, but the MAIN take away is that if this chart drops, $BTC price goes Higher. What is fascinating is that the Rallies first failure was EXACTLY at the .5 Fib. That area becomes important as it is NOW resistance. Our support Zone, which I detailed earlier, is more specific here with a possible back test to $42K+. It appears as...
I know a lot of people own this coin so this is just a quick chart for them. Right now $HBAR needs to clear the third rail of our 3 rail fan. If it clears it, I would suspect an impulsive move higher to the .618 Fib. IMO, this coin has a lot of potential, so please view my comments as merely short term objectives.
The $USD is approaching a long standing resistance. If it can close the week over, we could see a deflationary impulse across the entire Risk Spectrum. Notice how $Gold behaved earlier this week? The one thing to take not of is that we are overbought on the WEEKLY Oscillators
Attached is the support and resistance levels on $LTC. The first order of business for the Bulls is to cool off the Stoch/RSI and then maintain support over $145. Once we stabilize, the next attempt to break the .236 Fib should have enough "Fuel" to break to the Upside. :)
Similar to $BTC, $ETH is now putting in a short term correction. While no Bull likes seeing prices retreat, its is quite healthy for the market to take the overheated daily oscillators and have them reset. The High Time frames on both $BTC and $ETH still look incredibly good!
Attached is a chart that details where I suspect any further correction takes us. While the daily oscillators are now turning down, the High Time Frames (weekly and monthly) remain HIGHLY constructive. Keep an eye on our MA Ribbon, especially the 200MA and the weekly 50EMA. And yes, I am still VERY BULLISH!
I find it remarkable the symmetry of $LTC. While many believe the Bull Market is over, I beg to differ. $400 will be broken before this cycle is done.
Next resistance level is at the .5 FIb for $BTC. So far the Stochastic and MACD are looking good though. :)
$BTC Floor. While I do not believe we drop to the bottom of this range, I wanted to post this all important "Zone" as THE Floor.
Close up of PA. Note: If we lose our key MA, Next stop is gray box. I do NOT believe we lose $34.5K at all on ANY corrective move lower.
Based on the oscillators $BTC should pause here with a bias towards lower prices this week. HTF charts look great, its just a pause that refreshes. What would cause me to lose conviction? A loss of $34.5K on a weekly close.
JUST FOR FUN!!!! Not to be interpreted as anything but speculation. But based on the four year cycle, it would not shock me either!!! :)
While this scenario does NOT have to play out, I am watching the 200MA closely, and its my personal OPINION that we have to have a breather between $42K and $44.7K. While this is crypto and it can defy gravity for longer than most can imagine, at some point technical factors do come into play. For now we have a very toppy daily stochastic, and we have been up for...