In this TA relies completely on random lines, geometry says to go home. I wouldn't do anything based on this, even I were a mad bear with loads of money that burns holes in my little polar house like a VW diesel exhausting its fumes into it. Maybe I will TA myself after this to tell if I am sane or not. Anyways, go get a life, there is nothing to understand from...
Adam & Eve bottom formation, broken resistance line and retested it (marked it with arrow) and these three events happening in between the two major support levels. On weekly, RSI is bottomed and MACD losing bearish momentum. I see a big long opportunity looking solely to TA. Fundamentally, great coin but I have to admit that I have some doubts. I am planning to...
even though rsi says otherwise, no signs of reversal here. in fact, volume is decreasing at each dip. it would be suicide to go long here. even the height of the flags are similar. tp to this year's low is still in sight.
OK, we have satisfyingly broke our one of the biggest resistances. But even though I want this pair to go higher as a HODLER more than trader, everything about technicals pointing short direction for this pair. First of all, let's talk about patterns. Ascending Broadening Wedge is the most pronounced. This is mostly bearish. Combined with the Head Shoulders -even...
I've been watching this coin for quite some time, consolidation after the fast rise right after absolute dip was a play book symmetrical triangle right until bitcoin crash. Yet, it retraced back to the 50% fibo at the worst point of the FUD and bounced back up perfectly. Now, there is an inverse head shoulders right inside the triangle. Accompanied with nicely...
Looking at weekly chart might not be saying too many things considering the volume is still not there. MACD and RSI is also still not that powerful for the buy signal. But ripple just took 2nd place back from it and just one month after this happened around may 17', everybody was talking about flippening. Also descending channel seems to invalidated this week, so...
OK, this one is kinda hard. It's definitely a rising wedge and rising wedges are "generally" bearish. But, we are very close to the trend line and daily MACD is very close to green. I see two outcomes: first, we break up from this wedge. Second, we go down and test the trend line (around 0.0005s), then go up. Either way, it looks like a good buy opportunity if you ask me.
adam eve double top with bearish rsi divergence. it might be time to short.
rising wedge in bear market generally means the outcome will be bearish. history of this ratio done the same thing over and over again. i don't think eth can brake up from this wedge. tp is something like 0.025. stop loss is 0.045
Looking at whole crypto market and trying to make some money out of my longs, this is the only graph that makes sense to me. XRPBTC is accumulating for quite sometime and everyone is waiting for a breakout. Bearish momentum is not that strong comparing to other cryptos and falling wedge means its getting weaker and weaker. Maybe the breakout is not in yet but...