Smart contracts allows projects to transfer from Ethereum to Cardano, creating good opportunity for projects to save on the Eth gas fees. If the Alonzo "hard-fork" works successfully, we will officially be in the Goguen era and projects will start transferring over from Eth. This mean we could seeway more transactions on the Cardano blockchain, increasing the...
Pattern showing possible long entry in the near future (1d20h). BTC and ETH are low, there might be a rally pulling some money from higher risk crypto like Cardano. The break out can happen at any time so be ready.
this is what I see on TVC:USOIL chart : - trend line forming in the middle of parallel channel price crossing it could create hesitation. - RSI had similiar pattern but already brake out - ADX makes a lower high. This could indicate a sideway movement. should wait for new trend to take place
Last 3 bumps append about 34 weeks appart. We have past that but there is still some place for the price to move down around 20. I think this because RSI is not even in oversold zone(30-20) yet. The latest minimum was 28 we might see support at this point (around 30) Watch out for false bump.
RSI when in lower zone if upper price movement make it cross it's resitance this could be indicating next retracement on 1D chart
1 - If RSI break its resitance early this week, it could confirm an other up movement. 2 - last week price when over fibo 0.382 after bounce at 0.236. Also did cross upper resistance trendline. 3 - this could indicate an other up movement to the meeting point of 50% fibo and the middle of the pitchfork. 4 - If RSI is rejected this could be a good sell...
The last price movement could be the start of a triangle pattern like it did this summer