Watch for - Volume bullish or bearish - Stochastic to continue uptrend - DI+ and DI- to crossover - Price to break upside of wedges into the Ichimoku Kumo - Senkou Span A & B to twist. - Chikou Span to vertically crossover price
Look for Kumo to twist belly down. And the DI+ / DI- to squeeze. Room to fall. Potential bottom of shoulder at ~$96.80 As always keep an eye on volume.
Watch the volume. Potential price movements plotted with arrows.
Potential price movement plotted in red and green arrows.
Watch for indicators to be confirmed by increasing bullish volume.
We see a lot of resistance and bearish signals confirming the downtrend. Price has room to move down. Watch for price to bounce off bottom of the wedge. Wait for volume to become bullish Buy with momentum at your back when price breaks the upside of wedge
Timeframe is 4 hour chart. Potential price movements have been charted out. What we want to see before we see a reversal. 1) Decreasing bearish volume and increasing bullish volume 2) RSI to break resistance 3) ADX to drop lower 4) Price to break the upside or downside of bearish channel.
Ichimoku We see from our Ichimoku that there is indecision in the market. Chikou span is under price, and Kijun sen is on top of price. Both of these indicate the trend will need more steam if the bulls want to hold this uptrend today. Tenkan sen indicates potential market trending. Senkou span A&B are acting as resistance and have been widening as volatility...
Bollinger Bands Price is in between the top and bottom bands. Mild Volatility. Wait for bands to tighten up. StochasticRSI StochasticRSI is around 63. Potential bullish move ADX ADX at ~30 indicating this downtrend still has some steam left. Price may continue its trajectory down before it breaks the wedge. MACD Possible bullish divergence on the MACD if...
Chikou upcrossed the price earlier and is still trending upwards. Room for price to run. This is confirmed by the Kijun sen under the price, and the 50 day EMA also acting as support now. Tenkan Sen indicates market still accumulating with a trend picking up. This is confirmed by the strength of trend we see on the ADX at 25. Senkou Span A&B are both acting as...
Ichimoku Chikou Span made a cross down over the price. Watch for the Chikou to potentially follow the trajectory plotted in neon green. We want to see a reversal of direction before Chikou span hits the .382 fib line. Tenkan sen has been moving horiztonally and tells us this is the market ranging Kijun & EMA Standard line and the 50 day EMA are both...
Bollinger Bands Bands are tightening indicating price is in an accumulation zone StochasticRSI Between the 11-12th NANO price was very low on StochRSI. A bullish uptrend began. RSI topped out at 80 and began descending. Has room to fall. Chart patterns There is a falling wedge pattern forming. Potential break to the upside. Fibonacci Retracement Price...
Ichimoku Kinko Hyo Chikou - Bullish upcross on 3/8. Still high above price and trending up. No sell signal yet. Tenken Sen - Signals strong market trend currently Kijun Sen - Standard line is very bullish, trending up, price has room to run still. Senkou span A&B - Both spans are acting as support, and our two spans are very close together indicating...
ADA could be set for some breakout movement soon. Ichimoku Chikou span - Made a bullish move across the price action a few hours ago and is currently well above it. Tenken Sen - Moving horizontally this confirms the market is ranging and in an accumulation zone Kijun - Currently acting as support and signals the price has room to continue ascending. Senkou...
Yesterday BTC price followed the general trajectory of the triple top pattern before it met resistance in the Senkou Span. The run from 8.4-9.8k was followed by some strong selling off in the previous 2 hours. Chikou span is currently down crossing the price indicating we may see more selling off before the bulls are ready to move again. Tenken Sen fluctuated down...
Enjin has a symmetrical triangle forming overall. Currently the price is consolidating and that confirms a potential triple top within the triangle. Potential price movements have been plotted in green and potential bear bounces off of resistance are in red. StochasticRSI is indicating a bullish divergence. Currently at ~62. A bounce before 80 will help to...
First we'll address the cloud. Chikou span is still above price and although it's in a downtrend it has not yet made a cross down on the price. During the previous phase of consolidation the Tenkan sen flatlined. This indicates the market is ranging. Accumulation is taking place with small price fluctuations. Kijun sen is above the current price and tells us we...