As you can see, zen is right at the bottom trendline with big upside potential short term. RSI shows that it may be oversold soon. In the recent past (past 6-12 months) when ZEN has become oversold or near oversold while on the bottom trend line, it has rebounded strong. Another good sign is the volume in the past week has been bigger than it has in previous...
People are expecting big money to enter the space in the coming months but if that does not happen and XRP breaks the 20/50/100/200 day EMA's it will be a nice shorting opportunity. This also falls in line with the fact that XRP is nearing the top of it's downward channel that it's been in for the past 6 months. Now on the opposite side of the coin you have the...
All 3 EMA's coming together but still below the 200 day EMA. PPC Is on a support level and also a recent channel support line. Reviewing PPCs price history I believe PPC will break both supports and fall below the 20 50 and 100 day EMA down to the 0.000260 area and drop as low as the 0.000230 level before nice FA rockets PPC out of the downward channel that it's...
You can see what happened when the OBV previously broke out (white line) and now the red line indicates another OBV break out but the price has not yet followed. Link had a run up for 7 days then a healthy retracement down to nearly the 786 level. It's been posting higher highs and higher lows and indicators for the 1,2, and 3 day look good. From the past week an...
With the marketcap jumping from 250 to nearly 400 billion in a matter of weeks, I would suspect link is being traded back and forth to suppress price while a trader(s) with a large amount of money fill their bags for a price jump in the following 24 hours. Other indicators look good on the 1, 2, and 3 day for link (MACD/Fisher/RVGI) while the shorter term don't...
I think we will have a hell of a time breaking through the top channel resistance line. Breaking past the 50 day EMA may be a little easier. Heavy resistance if we can get there will be around $8800. We have had a great few weeks.. like the fellas in the channel used to say "it's only profit if you sell it". So don't be greedy or complacent, if you are sitting in...
