Set your stop losses according to risk tolerance. ONT is newly listed and therefore less data is available for the price forecast. Trade safe!
Wedges, retracements, oscillators. Oh my. Trade it safe!
Looks as if XRP is set to consolidate before a potential run
Room to fall down to .382 fib level. ADX bear cross Stoch should range before it diverges in a bullish fashion.
Kumo is belly up ADX showing trend down is weak Stochastic has potential bullish convergence
Huge profit potential if price follows the pink price path as it did before. Currently in a falling wedge RSI low Trend weak DIs squeezing Below 50 EMA still. Watch volume. Trade Safe!
Price will most likely retrace to 0.236 If it does and volume becomes increasingly bullish then watch for a bounce off the triangle bottom.
As always watch your volume! Potential price paths have been plotted.
Keep an eye on volume. RSI has historically risen to ~96
Ethereum has seen a lot of accumulation lately. Kumo is very wide. Lots of volatility Price has room to fall on the RSI Chikou span has crossed price but is fluxing downwards. Kijun trailing price as well. ADX says current trend is weak and the doji candle currently forming confirms this. As well as the symmetrical triangle forming around the price action.
DIs need to squeeze Price will most likely drop to .382 or .236 before retracing in a bullish fashion.
Chikou above price - Bullish Kijun Below price - Bearish The current candle is a spinning top. If the volume stays bullish over the next few hours, and if the price breaks to the upside of the bullish pennant we could potentially see a three white soldiers rally.
Pay attention to volume. Look for: 1) Chikou to move through price 2) Kumo to squeeze 3) DI + & DI - to crossover 4) RSI signal line to cross in a bullish fashion.
Always watch your volume. If the price breaks to the downside of the neckline there is potential support at the .5 fib levels as well as Senkou B unless the Kumo begins to twist.