JureKrasovic

JureKrasovic

Looking at the price movement on the one hour chart, we can see that a symmetrical triangle formation has occurred in the last few days. As our predictions for the price movement on the monthly, daily, and four-hour timeframe are staying the same, meaning that we are expecting the price to move further in the bullish direction, that is the same that we do expect...

JureKrasovic

On the hourly chart, we can see that the price has made a bullish price move in the last few days. The RSI is not overbought or oversold, so we have a reason to believe that the price movement will continue to go upwards.

JureKrasovic

Short term direction: Long Reasons: Starting our analysis on the monthly timeframe, we can see that the price just made a break above the indicated line, that has previously acted as a resistance line. Now as the breakout has formed it became a support line. The RSI is on the overbought side, and the movement needs a bearish correction as it has been quite...

JureKrasovic

Short term direction: Long Reasons: Looking at the monthly chart, we can see that the price just stopped at an area that has been already playing the role of both support and resistance in the past. The general trend on this timeframe is bearish, but the price has already been rejected once off this line so it is indeed a strong support line. As the RSI is not...

JureKrasovic

Short term direction: Long Reasons: Starting the analysis on the monthly timeframe, to get a sense of any long term opportunities, we can see that the price has been in a bearish movement since the beginning of 2019. The RSI is not overbought or oversold so we do not expect a reversal based on the strength of the pair. Looking for the price to continue the bearish...

JureKrasovic

Short term direction: Long Reasons: The price movement of the pair, made a bearish move in the past few days. The move stopped at the lowest indicated line, that represents a major support level on the hourly chart as well as on the higher timeframes like four-hour chart and even on the daily chart. As the RSI is reasonable, and the bears are starting to lose...

JureKrasovic

Short term direction: LONG Reasons: The price made a big bearish move yesterday. Bitcoin lost about 500$ in value in a single day of trading. The price movement is also in the bearish direction from the 10th of July. Now it has made a sideways corrective move after the bearish impulsive one from yesterday. The correction formed at a significant line of support. We...

JureKrasovic

The price has been bouncing off an ascending bullish support line in the past few days. As we do believe that this latest move was a bullish corrective wave in a five-wave bearish structure, we are expecting another wave five to form in the bearish direction as the correction ends.

JureKrasovic

The price movement made a double top formation bouncing from the indicated resistance line. As we believe that RSI is still a bit overbought we do expect a deeper bearish corrective move before the price will be again taking off in the bullish direction. We wish you good luck with your trading!

JureKrasovic

As we have said in our previous Bitcoin analysis, the price made a bullish impulsive move after a zigzag corrective move has finished. We are now in the middle of a corrective wave in the bearish direction. If the first move was indeed impulsive bullish move, we are expecting another one after the correction ends. We wish you good luck with your trading!

JureKrasovic

The price has formed a symmetrical triangle formation in the latest bearish move that it made. We do not expect a breakout just yet. First, we are looking for a bullish move towards the upper triangle line that is acting as a resistance line. When the breakout occurs, we expect it to be in a bullish direction. We wish you good luck with your trading!

JureKrasovic

indicated resistance line. We are now looking for another simple trade setup as the price is approaching the indicated support line. Waiting for a bullish bounce off the support line. We wish you good luck with your trading!

JureKrasovic

The price didn't bounce back to the resistance line, but instead made a breakout through the support line and bounced back up from the previous resistance line. Now the price should move higher. Our first target is the previous support line. We wish you good luck with your trading!

JureKrasovic

The price has finally bounced back to the support line in the channel formation. From here the price can either bounce towards the resistance line or make a breakout through the support line and move lower. As the overall trend over the past 15 days has been bullish we do believe that the price needs to be corrected a bit, thus a breakout in a bearish direction...

JureKrasovic

As we have predicted in our previous analysis, the price made a bearish breakout out of the ascending triangle formation. It is now consolidating around the support level. We do expect the support level to hold the test once again, so we are looking for a bullish bounce. We wish you good luck with your trading!

JureKrasovic

As we have predicted in our previous Bitcoin analysis, the price made another bearish move, finishing the corrective structure. Now we believe that the correction has ended, and the RSI got corrected as well. That is for us an indicator, that we could be looking for another bullish move in the near future. We wish you good luck with your trading!

JureKrasovic

As we have said in our previous Litecoin analysis, the price made a bullish run after a bounce of the support line. Now we are at a major resistance area and are expecting a bearish bounce as the RSI also needs to be corrected a bit. We wish you good luck with your trading!

JureKrasovic

Looking at the price chart we can see, that as we have said a bearish move has happened. Now the momentum seems to be slowing down as the price is approaching a support area. We are expecting a bullish bounce off the lower support area. The first target is the middle resistance are indicated on the chart. We wish you good luck with your trading!