We've seen a similar setup like this before with NOK that resulted in a huge jump. Scaling 1:1 historical moves compared to this move, we should be looking at a price target of around $6.30. This would test the upper limit of the Bollinger bands and I would expect to see some strong pushback near $6.30. If we hit that mark, I'll be doing a follow-up analysis of...
If I was to make an optimistic bullish prediction, it would be that we have a rounded bottom here tapping the uptrend, then move to retest the downtrend line at 10.3. Enough momentum and we can potentially break this long term bear trend. The reason I'm expecting a more rounded bottom is due to the weak upward momentum at this price level. We could easily see a...
STRAT is about to break the ascending triangle . If we can close above it, it would signal a movie higher. Lots going on fundamentally for STRAT this month and the next couple months, I wouldn't be surprised to see triple digit gains.
Please note that I understand these are not properly mapped Elliot waves and they were not intended as such, just to illustrate a rough pattern that has occurred twice in a row. On the 1 day, RSI has made a lower high. DMI shows a slowing of the bearish trend. MACD slightly positive. On the Bollinger bands, it's been hugging the top for a while now....
Bollinger bands are squeezing hard as we see many bullish patterns on this coin, micro penants and macro flags. Yesterday the KMD team announced they would have some updated news today, could be the needed push for the long awaited price action. I will likely begin taking profits around .00075 but hold some in anticipation for longer term pushes. My entry was:...
In my eyes I see Bitcoin still trending down. I'll be staggering my buys below 3400, with my largest buys closer to 3000.
Classic descending triangle forming on PTOY with restriction of volume as time goes on. Long term, PTOY holds profits based on fundamentals but right now we're looking to head back to where we were before the latest rally. If the descending triangle target holds true, our target should be around .000075. 4HR MACD is also trending down, indicating further downward...
Alright maybe that's a little sensationalist but BTC isn't looking too healthy at the moment. BCH on the other hand, 4hr macd trending bullish, watch for us to bounce off the blue line and then go up. Buys would be 650 or lower most likely. If it failts to bounce off the blue, it'll be a revamping of the down trend and we'll probably go way down
We had a nice run up on ETH today but we're not out of the woods yet. Currently the 1 day MACD is getting weaker and shifting to negative, and we see an rising wedge forming on the 1 day candles characterized by the decreasing volume and trend lines getting closer. If we fail to make a new high and break below the EMA or sub 305, we could be in for some serious...
AdEx looks like it might be preparing for another run after exhausting earlier this week. The MACD is converging on the 2 hour and lower intervals and we're about to test the previous high on our down trend. Watch for us to break the horizontal green line which lies right on the 38.2 Fibonacci level for confirmation of upward continuation.
TenX is headed up after breaking out of the descending wedge. Right now on the 1hr it's potentially making a cup and handle which would signal even further upward movement. The first horizontal purple line indicates the target if it is a true C&H, with the higher purple line being the greater resistance level. Continuing bullish sentiment on this coin.
It's no secret that NEO has floundered a bit since reaching it's all time high. Whether this is due to Bitcoin's market fluctuation or people pumping other coins for quick gains, who knows. What we do know is that it's unlikely for NEO to stay here forever. In fact, other alt coins with similar charts are beginning to take off within the last couple of hours while...
Cup and handle formed on MTL, price and volume surge confirm it. Things are turning bullish fast.Target should be .0032.
Neo has been in a period of consolidation which is healthy after a long run in both price and volume. Right now we're in a slightly downward channel (the green bars). On the 45min and 1hr chart we're seeing the potential for a bull flag/pennant forming at the end of the chart, which could indicate a trend reversal. Watch for the flag to form and break the upper...