We can see that the price of BTC bounced off the lower trendline forming the ascending triangle, and has broken out from the downward channel it was previously in. This action completed the formation of the double top. Conditions are set for the formation of a triple top, we can see that in the 2nd valley. The first bounced at ~7.8k and this last bounce was at...
Chart Pattern XLM is forming a falling wedge within a falling wedge. This is a strong indication the price will break to the upside. Exponential Moving Average The 10 day EMA has positioned itself right below the current price forming strong support. Bollinger Bands The recent pullback in the market has caused the upper and lower bands to widen. The middle...
Moving Averages (50 / 100 / 200) ARNs rallying movements over the day has allowed price to surge back above our moving averages, all three of which are now acting as strong support. Bollinger Bands At 3/10/18 5:45:00 price action rallied from 18,560 all the way up to 19,450 which broke the top bollinger band before price consolidation took place. Bottom and...
Ichimoku Kinko Hyo - Chikou Span (Green) - The lagging line has reversed into a bullish uptrend, but we have yet to see bullish up-cross we want for a buy signal. - Tenkan Sen (Red) - Turning line has shifted into a horizontal direction. Indicating the market is within a ranging phase. - Kijun Sen (Blue) - Our Standard line has dropped below the price, and...
Ichimoku Kinko Hyo - Chikou Span (Green) - Our lagging line down crossed price on 3/3/18 at the 11.5k price level. It's found psychological support with the price at the 9.2k mark. It has began to fluctuate up very slightly. Watch for a bullish upcross if this current trend continues at the ~9.8k price point. - Tenkan Sen (Red) - The turning line has been...
~Indicators~ Ichimoku Kinko Hyo - Chikou Span (Green) - Our lagging line looks as if a cross down motion over price, this indicates consolidation after the recent rally we saw when the Chikou up-cross at $10,260. - Tenkan Sen (Red) - We see the turning line still making fluctuations and tells us the market is still trending, and not yet ranging. - Kijun...