We can clearly distinguish an ascending triangle pattern, which may be an early bullish sign. Nonetheless, as the rising trendline indicates, and being VERY strongly backed by both RSI and Stoch RSI, now would be a good time to buy. While it's unknown whether it will necessarily break through the resistance at 12.5k, an small wave upwards to that level is...
Ethereum hovers between a strong support and strong resistance zone, as signs show we may have a chance at turning around this bear market if we manage to break out of the descending trend channel and through the resistance. We remain in the calm before the storm, the dried-up volume and sideways edge displaying the market's uncertainty. Keep your eyes peeled, for...
Currently, FUEL is starting to enter a major support zone (yellow channel), however it remains to be seen whether it will bounce off the top or first descend to the lower level before resuming upwards; regardless, a surge is to be expected, we just don't know which of the two cases it will be. Indicators confirm this, as we're nearing the bottom (oversold on both)...
With the rebrand coming February 26th, we can expect big moves arriving soon. The normalized RSI and stochastic RSI both agree that a temporary correction is in order, so we can expect it to hit either: I) the lower support at 55k Sats 3.48% , backed by previous older peaks, the recent dip and the trendline or II) the upper support at around 57.6k Sats 3.48% ,...
As KNC continues in freefall after breaking through its first support, it won't be long until it reaches the strong lower support. As indicated historically using a combination of the Stochastic RSI and BB normalized RSI, when both indicators agree, a rally quickly follows right after. This being the case once more, and now displaying a descending triangle, a...
VEN's time to shine is almost upon us; as it flirts with the 0.382 Fibonacci level, we should expect one more dip as indicated by the On-Balance Volume before the upwards trend takes hold. This is further reinforced by the RSI surpassing the upper Bollinger Band, indicating overbought conditions. The best time to buy would be at around 52k Satoshi, holding until...
As KNC calms down, bouncing off the lower trendline barrier once, we can possibly expect a further small drop to form double bottom before retracing upwards. Strong support from previous lows and the trend channel appear to support this hypothesis. Indicators seem to confirm this idea, while volume is nowhere to be seen; we could have a promising trade in the making.
Having tested the lowest fib support twice, indicators show we can expect it to fall once more before possibly starting another bull run. Notice how the RSI is undecided, while the MACD has reached a global minimum and shows signs of crossing over. Large volume shows this is an accumulation phase. Likely to create a triple bottom.
Inching on to the end of its descending triangle, FUN now finds itself in an uncertain position. On one hand, the MACD shows a slow upwards trend, but the histogram remains very thin. The RSI is approaching the bottom Bollinger Band, indicating it may be time for a bounce in price. Yet, on the other hand, the price seems to be crossing previous support to the...
With Callisto (CLO), the new Ethereum Classic hardfork, fast approaching at executed on Block 5500000 (estimated to be on March the 5th), an upsurge in price reveals itself. Right now we find ourselves stuck in between the support and resistance of previous peaks, however it won't be long before the price skyrockets on its way to the next milestone at 38.3 USD,...
With the bear market having ended, we now find ourselves in a steady sideways trend. Signs indicate possible bounce from supporting Trend Median and Bollinger Bands. MACD shows a slow climb, uncertainly hovering around the mean. Stochastic RSI indicates oversold.