GPB - Daily range forecast High - 1.32731 Low - 1.31845 Chart pattern - Rising wedge Stochastic RSI - Bear Cross ADX - Weak trend strength Ichimoku - Kijun / Tenkan resistance. Expanding kumo signaling increased volatility
Price forecast for the next 24 hours should play between the defined parameters. Rising wedge on the charts. I believe it will play out as a continuation pattern if timeframes, indicators, charts, and candles continue expressing bullish sentiment over the next 24 hours. Stochastic RSI bullish with room to move upwards TRIX has been modified to give strong buy...
Yellow = Buy Zone Green = Sell Targets Red = Stop loss zone If you choose to use this information as a trade opportunity I do not recommend buying in above the buy zone. Let the price come to you and be patient. Trade safe! Due the overall market action there are many falling wedges taking place on the daily charts. The stochastic RSI and RVI in conjunction...
Depending on the trajectory chosen to draw your trendlines the price can be said to be forming a falling wedge within a descending channel. Due to the selling pressure indicated at the top of the daily candle, and the downward action on the Stochastic RSI is indicative that the price will continue to slide down the channel closer to past support near the .236...
The price of BTC has been drifting up an ascending channel and finally met strong resistance at the ~6872 price point. Currently the stochastic RSI has reached overbought territory and is in the stages of moving back to an oversold region. Support at the 6300 price point seem very well supported both by Fibonacci levels, the Kijun Sen, and psychological...
The chart pattern is forming a very steep Rising Wedge which is a Continuation / Reversal pattern. The stochastic RSI has a falling wedge forming that will most likely begin to double top. The RVI indicates a tremendous amount of volatility as the prices momentum rapidly increased. Ichimoku cloud has a bearish flip and the Kijun is acting as support and...
Yellow = Buy Zone Green = Sell Targets Red = Stop Loss To play this trade from a safer standpoint you may want to wait for a bull cross on the stochastic or TRIX.
AMB has formed an ascending triangle on the 4 hour timeframe. Generally, this is a bullish continuation pattern and due to multiple other indications on other time frames, it can be seen that AMB is attempting to move into an uptrend (at least across the smaller timeframes under 1D) The stochastic RSI and the MACD both have a bull cross and they are indicating...
Yellow = Buy Zone Green = Sell target Red = Stop Loss
Yellow = Buy Zone Green = Sell targets Red = Stop loss
Although, EOS has formed a falling wedge and the stochastic RSI is still moving to the upside, I am bearish on the price. Both the Kijun and Tenkan are acting as resistance and moving down that in combination with the bearish Kumo twist, I do not see an upside break of the wedge taking place. Declining volume and bearish directional indicators help to reinforce...
Overall, BCH price is within a descending channel. We had a small reversal after the tweezer bottoms (in orange) that formed 3/4 days prior. Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the...
Currently, XRP is at historically low price levels since it had its run in December. As it moves down the descending channel the price is contained within, we should look for a bounce from past psychological support and, an upside break of the channel. The double bottom taking place on the Stochastic RSI and the TRIX indicate a potential upside break. If...
After the influx of bullish volume that flowed into BTC ~28 hrs ago the price has begun to cool off and a falling wedge is forming on the charts. The current candle shows the price ran up to 6379.9 before heavy selling pressure was met. In my opinion because the support has become more solidified in the context of Fibonacci levels, Kijun San, Tenkan San, Kumo,...
EOS looks as if it has some great bullish indications taking place. There's the falling wedge as well as the bull cross on the Stochastic RSI. Moreover, our Kumo is still bullish and there isn't very much bearish movement indicated by the Senkou lines. Finally, RVI is forming a double bottom which supports the prediction of some upward movement. It's...
The price is forming a falling wedge on the daily. Buying pressure looks to be moving in as witnessed by the current spinning top on the daily candle prior to that we saw a hanging man and another top. This could be an indication of some accumulation beginning. There's a bull cross taking place on the stochastic RSI. However, I don't think we'll see very much...
XRP has formed a wonderful falling wedge on the daily chart. Although, indicators are quite near bottom there are not many buy signals. Stochastic has not crossed over, ADX is bearish and confirmed the strength of the downtrend. That in combination with the low volatility on indicated by the RVI leads me to believe we will see more downward price actions...
Although the price is moving down a steep descending channel we can see that there has been buying pressure the whole way down. The RVI and Stochastic indicate that downward momentum and volatility are decreasing with a small bullish curl on the DI -. Further confirmation of this is indicated due to the horizontal movement of the tenkan and kijun. Previously...