CRYPTOCAP:JTO Long , throw back to support, expected extension based on pattern
Here my idea, possible reject to EMA21 will send the price to the margin between SMA500 and demand zone in 52K (not tested yet). In this case we will have a Divergence in 4h tf with r to RSI. This will be invalidated if we get a candle close 4h TF above 60K
All in the chart explained :-)
Update of previous idea, one of the objectives reached based on PA. I would expected a correction from here, is needed first a breakdown of trendline (red) and confirmation (candle close) below.
As was expected in previous post, looking for PA in zone selected. Now: - Strong support on SMA500 - Uptrend support line (red) broken - SMA130 above the current price Conclusions: - If SMA500 is broken down ( 1hr candle close below) = next target is aprox 153 usd
Divs between price and , in demand zone my targets are: TP1: 1.08583 TP2: 1.09345
H&S got the target Wait for breakdown confirmation of double top
Chart speaks by it self. Range based on some simple rules, max the range considering that touch in one side implies touch in the other side of the range then. Looking for see price action in the square in LTF to confirm the breakout of the sideways structure or short in the range with a good RR
This is a short idea, just wait for confirmations and set SL correctly based on volatility or previous swing.
As was published, the confluence and odds were clear and we got the TP expected.
Analysis and odds: - Downtrend broken - SMA500 (strong resistant) is turned support - If 1h candle close above 27.84 I'm expecting PA moves to 30.6
ETH is closing below Kijun Sen, that is potential led the price into the cloud with target in 191.95. Confluence: SMA500/130/cloud are there waiting, so is good to review PA in LTF in that zone and decide strategy based on HTF downtrend and LTF uptrend BIAS.
$BTC | USD 4h TF Updated range considering 4h close and the condition that if you touch one side then is touched the other side.
A divergence between price and OBV; increasing volume over the time while price is descending may Golem moves up if it breaks up low trend line in lower highs.
Unconfirmed triangle after uptrend channel resistant breakout. BTC is moving really fast to 11,500 - 11,600 USD where a weekly supply is waiting for it, this will probably reject BTC price to send it back to the 8K range (or less). In the other hand, Total Market Cap excluding $BTC is close to a breakout of a major resistance, that could indicate that Alt Season...
Possible moving of #LTC based on Cup and Handle pattern. #LTC broken up the 120USD resistant turned into support, without testing it, so its highly probably a pullback to 120 then move upwards.
Some dots into the analysis: - the price is moving in the highest part of the uptrend (with higher highs and higher lows) currently - So far, SMA400 is acting as resistant - I'm expecting that between 6050 and 6200 USD we have a lot of buy orders waiting, that mean short sell orders can be triggered in that zone eventually - Due to that the price would go down...