ShanghaiCrypto

ShanghaiCrypto

Convergence of the 50 week EMA and the ongoing trend line might make for strong resistance. Might see a strong rejection in a week or three. A break above and retest would be a very bullish sign.

ShanghaiCrypto

Some strong movement on GNO/USD. Looking to break past the 13.30s which leaves clear space all the way up to the 14.00 range. Multiple strong signals. Stock, RSI , and MACD. 5 Day EMA still above 12 day. Keep an eye on daily and 4 hour time frames. Set up invalid if we can't break 13.34 and reject down past yesterday's open.

ShanghaiCrypto

RIOT made a big move up with good volume and then started to retrace. I'm looking for a 50% retrace to 3.06 or 61.8% to 2.82, both of which line up with previous support/resistance levels. 2.50 is also in the cards with possible support from the 26 and 50 EMAs. A bounce from any of these levels should send us back toward the 4.00 range. Breaking that level means...

ShanghaiCrypto

CGC is looking strong in the longer term, but I'll be watching for a pulback to the trendline resistance hovering just above the 50-day EMA before making a move. We've dipped below both the 12 and 26. Stoch is picking up but RSI is neutral. Any move up would need to come with a significant increase in bullish volume to invalidate this set up. Breaking below...

ShanghaiCrypto

CRON looking pretty good here. Support at both the trendline and 12-day EMA around 19.60 ish. A little bit of resistance around 21.90, but RSI is above the 50-line. Positive Stoch cross. Keeping with this trend could have us seeing a new ATH soon. Volume will be the key thing to watch, as always. This setup is invalidated if we break trendline support. The next...

ShanghaiCrypto

EOS looks ready for some gains if we stay green. Keep an eye on the sRSI and volume. Moving averages are still ok. Seems like we have support at the bottom of that big leg down, next resistance level is 3.63.

ShanghaiCrypto

Using Sunday's big move down as a basis, we can use fib numbers to look for support and resistance levels to see which way this will break. A move below 126 will be strongly bearish, while 133.2 and 137.8 are the numbers to watch in the other direction. A strong move above that last level will have me thinking that we are in for big things on the upside. In the...

ShanghaiCrypto Updated 

ADA is showing a lot of positive signs on the daily chart. Most importantly, we had a close above the 50-period EMA. There is a rising channel forming, but we are bumping up against horizontal resistance at .048, which also lines up with the 100-day EMA, potentially making it a tough resistance level to crack. Any move above this should be considered a bullish...

ShanghaiCrypto Updated 

NEO has been showing signs of strength on the daily with a positive 5/12 EMA cross, bullish MACD and On-Balance Volume increasing. It closed above the 50-day EMA and is now about to bump against the 100 EMA around 9.68. Pushing through this level, and the trendline could continue all the way up to the 200 day EMA somewhere around 14. 45% profit if the trend plays...

ShanghaiCrypto Updated 

Three options seem obvious to me with this ICON set-up. One is to buy the upward trend line to the top of the range at .30 for potential 20% profit. Another is waiting for a retest of .18 before buying the bounce and riding it back to .30. Last, we could stand pat until .30 breaks and we get a big push out of the current range.

ShanghaiCrypto Updated 

Let's not get too excited. This recent move up is by no means an established trend...BUT we have a positive MACD for the first time in forever, volume is increasing, and trendlines are being tested. If this is the real deal, we will likely bounce off of a number of resistance and support levels before smashing upwards. These peaks and dips would provide...

ShanghaiCrypto Updated 

Looks of bullish signals on ONT. MACD , 5/12 EMA cross, RSI touching 70, OBV rising. We closed over the 50-day EMA, bumping against resistance at the 100 EMA. We move past that and there isn't any meaningful resistance until we hit the 200 day EMA, currently around 1.58, so serious growth potential on that move. If we reject from resistance, we may see a little...

ShanghaiCrypto Updated 

Litecoin has retraced 50% of its recent moving up and is heading north again. 5/12 EMA, MACD, on On-Balance Volume looking good on the daily chart. Looking for an exit price above $55. Set up is invalid if we close below resistance at $40.

ShanghaiCrypto Updated 

A number of bullish signs for ETC: increasing On-Balance Volume, MACD turned positive, and we have a bullish crossover on the 5 and 12 period EMAs. RSI hovering around 60. Looks like a potential buy, but the 50-day EMA has been acting as strong resistance. If I were looking for a quick scalp, I'd sell right on the 50 EMA. Instead, I'm waiting for a close above the...

ShanghaiCrypto Updated 

Watching for a breakthough here. We have good signals after that big green candle. 5/12 EMA cross, OBV and MACD look promising. Not making moves until we break the 50 day moving avergage.

ShanghaiCrypto

BCH has retraced its last move up all the way down to the bottom fib level and now we are getting a nice bounce back up. Indicators looking good on the daily and we closed above the 50 EMA. Looking for a good entry price around 139, but if we break 152, that'll be the time to enter because the move should be strong after that and it'll be too late for bargain...

ShanghaiCrypto

QTUM has broken resistance at the 50-day moving average, and all indicators are bullish. However, it's hitting strong horizontal resistance at 2.35. Closing above this level could signal a big move up. Until it does, I have no interest in it. I expect it to go more or less sideways, possibly with a strong rejection off of the 2.35 level that could offer a buying...

ShanghaiCrypto

XRP is struggling a bit with moving above its current price. We might see a mild pullback. However, on the daily, all signs are bullish. We've blown past the trendline resistance and the 50-day moving average. The next horizontal resistance is at .36-.37, leaving room for a big move up if we clear move past current levels. This setup is invalid if we reject local...