brendanlonson
Possible Head and Shoulders breakout, with bullish divergence on the OBV indicator. S/L under orange line. This could go to around $5.
With a bullish breakout on the weekly chart.
Multiple downtrend resistances broken after a long accumulation period. Broken up out of a symmetrical triangle, we entered into a bullish ascending triangle. We have broken above the ascending triangle pattern, pulled back to the breakout point, which held as support for the last two days with wicks. Huge upside potential here with low risk.
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Descending Wedge 1 = Descending Wedge 2
Previous bottom at $29. RSI support at 25. We are approaching the trend line support which would currently make contact at $26. $30 was my lowest target when I sold at $89:
RSI double bottom at 26. Market double bottom at ~6k.
Strong support at 4000. Think WAN is going to break that? Doubt it.
History tends to repeat itself. Support at $8 x7. Resistance at $20.7 x4. Support at 31 RSI. Resistance at 72 RSI. Crossing above 50 RSI or bouncing up off 50 RSI = Bullish. Crossing below 50 RSI = Bearish. 31 RSI = I buy now. Patience is a virtue. I will wait to buy OMG at $8.
According to these Bollinger Bands, BTC is a sell and should go to see $7888.
NEO has topped both the short term uptrend channel and the long term downtrend channel on the logarithmic scale. We're opening the day with a long bearish wick. This is an indication the market might be heading back the other way.