the chart talks for itself. we are at the edge of a falling wedge.
I see the clear flagpole, the sharp increase and the formation. now we need some volume to break up.
the good: coin is in a clear falling wedge. it's right at the support line. daily rsi is oversold. the bad: the wedge isn't close to its edge. the ugly: no signs of reversal on the rsi IMHO it's risky to invest in factom right now. I would wait until it decides to make a move up or down. if you've already invested in it, I would just wait.
for one thing it's really close to its all time low. second its wedge is almost over, third there is a potential for a cup and handle. we can see a 5-6x in several months.
I think we will break the smaller wedge around 18 and move up but it might need to take longer to break the larger falling wedge.
Ardor is in a nice triangle which is bound to break up in oner or two months if not weeks because of the mainnet launch.
counterparty is oversold and is climbing to the top of the wedge. target is 60.
what happened here is about a week ago gridcoin ended its falling wedge by moving down and eventually became very close to the bottom of its historic trendline since 2015. if it gets the volume it needs, we can see a pump with three targets 13, 20, and 30. there is not much room left to move down so it's a good idea to move into this coin right now.
It seems to be in a falling wedge all the way down to its historic all time low. so wait until it reaches the top line of the falling wedge and sell around 90s
it's oversold and right now at the bottom of the trendline, so great time to buy for quick profits. tho for hodling, this seems to be in a downward looking channel for a while.
this is another coin with a stellar use case. from this point it can start ascending with a transform into an elliott wave.
Whenever I though this crypto couldn't go any further down, it succeeded to surprise me. I think this time, this is it. It's a fundamentally strong coin with a solid use case and I think it's time to shine.
this is crypto, so anything can happen but databits seems to be falling down to 60s with a potential decrease of 25%.
If NEO breaks the short term falling wedge, target is .008. then it will try to break the longer term falling wedge since it has been in July, which might take it up all the way up to .015. fingers crossed. Lets go Neo!