For some time now, people have been talking of the massive possible cup and handle formation that seems to be formed for SLR. Now today, we see that: - The CCI broke the -100 barrier on the daily. - The MACD shows a golden cross on the daily. - The cup seems to have reached his bottom. What will happen next? I would like to say that we will follow the cup and...
After a month of watch our beloved SLR going extremely bearish, the pivot has come. Why? Because: 1. The MACD shows a golden cross on the 4h chart 2. The CCI surpassed the -100 3. Earlier today SLR tested his recent low I will post my objectives later today. Let me know what you think. Happy trading
Now the bears are almost chased away from the altcoin market it is time to have a look where the tide has turned. WABI is the first one that caught my eye. Why? Because simultaneously: 1. The MACD on the 4h chart showed a beautiful golden cross (see indication) 2. The CCI rose above the +100 3. The price bounced off the strong support to break a falling...
Now the bears are almost chased away from the altcoin market it is time to have a look where the tide has turned. WABI is the first one that caught my eye. Why? Because simultaneously: 1. The MACD on the 4h chart showed a beautiful golden cross (see indication) 2. The CCI rose above the +100 3. The price bounced off the strong support to break a falling...
We clearly see GAME moving between its support and resistance continuing its uptrend. The recent fall did not cause GAME to break its support which is a sign of the strength of this coin. Moreover, technicals (CCI &MACD) on the daily charts still look extremely healthy. Keep this one around and expect more upwards movement in the (near) future.
First a little background on the coin: Solar coin is a project which gives a coin (SLR) for each decentralised produced MegaWattHour of solar energy. Depending on the country and B2B or B2C, this can go for anywhere from 50 to 250 dollars. The coin is currently rated at about 2 dollars. Having told you the background, we can go into what we see and what we...
Next one one the break out is Bit crystals. Why? 1) Just broke a beautiful falling wedge building up since September 2) CCI indicates huge upwards potential 3) MACD just broke golden cross 4) Volumes really increasing for the upward trend to get traction Let me know what you think!
Verge is probably moving towards a new bull run and is in excellent buying rang right now. Why? 1) Verge is moving in a perfect symmetrical triangle pattern on the daily 2) Although the MACD on the daily is still bearish, it is moving towards bullish on the 4h and is already in buying range on the hourly. 3) The CCI shows similar indicators with short(er) term...
Act quick and thank me later!
IOTA set for a new major break out!
After a great run for IOTA in the beginning of December it has been building momentum for a second break out. The almost perfect funnel and lower volumes suggest this hypotheses. - let me know what you think
The charts show an excellent entry point at around 0,53 as we surge above the double bottom. The stop would be somewhere around 41,5.
Both MACD and CCI indicate a bullish movement once we break the funnel. In my opinion, it will be hard stopping the SLR since not only the technicals align, but also fundamentals indicate a price way above the current price.
Although I do believe in the verge project on the long term this neck & shoulders pattern suggests a downwards correction for the Verge coin on the short term.
With its recent lower highs and higher lows a funnel is created for future breakout. Also the lower volumes and MACD seem to support this hypotheses. However, will this break out correct the recent increase or go for the dollar mark?
Solar coin funnel set form major break out.