RSI has retraced back to a almost 2 year old support line. IF this holds, bottom is near.
RSI wanting to break the line again, look back and see the symmetry. Also, we've got inverse H&S + ascending triangle. This suggests a bullish breakout
Observing the past performance, when RSI went above the red line, nice gains were made.
RSI breaking out from ATH resistance line. CCI >100 MACD close to breaking resistance.
Breakout from last resistance from ATH. CCI >100
The same pattern & breakout occurring right now on XLM. XRP and XLM have correlated pretty nicely.
From the last little run LSK had 3 days ago we get a support line, which then didnt hold and RSI broke down. Now RSI is trying to break above the same line once again. IF RSI breaks above the line and stays above it, LSK is a good buy. MACD turning bullish, expecting CCI to turn bullish soon aswell.
RSI has to cross drawn resistance line from the break of most recent price ATH. MACD above red line + CCI value >100. Then BTC is set to go.
From the RSI breakout about a month ago (green arrows) we get the lower green line on RSI, and a week prior to that we get the higher green line from the minor breakdown of RSI (red arrows). Blue arrow represents the bounce off of minor-break resistance->support. IF RSI can't hold in the zone between those 2 supports, we can expect a major drop. There is already...
We draw the line from last minor breakout, and see that since RSI fell back below it, the red line has been resistance. On the price chart, teal line represents 61.8% fib. So, in order for WAVES to reach higher prices, RSI has to break and stay above red RSI resistance line. Also, when MACD moves above red line and CCI value rises above 100, then there should be...
From the RSI breakout and then drop not so few days ago, RSI broke out now once more. MACD also shows mullish momentum, so does CCI.
Pattern inside a pattern, as long as RSI is above 50, we can expect a bullish breakout.
3 levels to watch. Blue line also represents the 50 line on RSI. Expecting volatility around that level, because every time price makes a great move, RSI breaks below or above 50 level. So as long as RSI stays above 50, its either movement to the upside or worst case sideways movement.
Watch the red line. Poloniex going to add BCC on August 14th.
So, after a wild start BCC settled down. Possibly ready for a new move As long as RSI rests above the green line, BCC is "safe" Bullish trend confirmation is when MACD crosses above red line