Z cash is getting ready for its next leg up on this rally. The 1 day Stoch RSI is topped out, but go to the 1 day chart and look at the candles on the last rally. Look at the candle correlation with the 1 day RSI and see what you think. As always, Trade At Your Own Risk.
NEO has been on an accumulation floor since the Command Q (Mac joke) Chinese exchange news dropped the markets. It has made several attempts to break the downtrend, but this one looks promising. It is about to move above an upward resistance level and keeps bouncing off its long term support. Volume as been increasing over the last week. RSI has room to move up....
Two possible bounce points along the long term trend line are marked. Place buy orders in these locations to support long term bullish trend and get best possible buy-in price. Price will likely bounce at one of these dates/price levels and continue along bullish channel. If a strong break occurs below long term trend line in October exit the markets.
Triangle on BTC. Short term uptrend, medium term downtrend (shown on chart in different colors). How do people think this will resolve? I believe it will drop further before returning to bullish trend. I would be happy to be wrong. Please share your thoughts. Thank you all!
BTC breaking down out of the triangle. Next support around 4000. If it breaks support there the next support is 3600.
BTC is in side two separate down channels. Scalping is possible, but risky. Keep an eye on price movement. It may go back to the top of either channel and fail again. If the price breaks that lower support line, we might see big drop. Many large Bitcoin holders, or whales, are bullish at the moment. The TA is pointing down, but there is significant bullish support...