Daily RSI is going lower and lower..
I love the way this graph looks. There is huge potential. SKLUSD on coinbase needs an 80%+ gain to reach the all time high again. Will most likely wait for significant volume to confirm upwards movement before entering in a trade.
1. Drop price with low volume 2. Wait for big sell order 3. Drive price back up
RSI is matching up with the previous pumps. If MANA is going to pump, it's very likely it happens within the next day. History doesn't always repeat itself, but sometimes it does!
Volume has dropped immensely. Wonder if people are scared of BTC dropping. I have a decent amount of MANA, but I am fairly neutral atm. I have to say, these are pretty awful conditions to be trading in ATM. Low volume, high price. We could easily hit $.90. On the 1min chart BTC is going up, but not sure how long that'll last. MANA seems to not care.
There is a whale soaking up tons of sell orders at the $1 area. We should've gone lower by now.. but someone is rejected a lot of sell pressure! Thank me later :)
The pump was started on the Binance exchange and not Coinbase. I would ignore the buy volume in this chart. The big red candle volume is equal to the volume that started the pump on binance. Is this 2 separate whales fighting with each other? I'm really confused. I was really disappointed to see it drop. Long @ 1.87. 2/3rds of my portfolio is KNC.
KNC has been doing phenomenal while the rest of the market dumps. Crypto is just following the stock market at this point. SPY is down, but likely at the bottom. Hoping for SPY to go up from here. KNC can easily hit $2.5. My long entry: ~$1.88 and 2/3rds of my crypto portfolio is in KNC. One of my concerns is that once the market recovers, which I am bullish on,...
Just a short term signal. Continuation of upwards pattern will invalidate this idea.
Rejection at the $150-$160 range will validate the formation.
In my opinion: This usually means the whales have too much control over the volatility and they are minmaxing it (Big buys and sells on both sides), which means it's lost momentum. On the bullish case: We are being held at a very high price. CGLD doesn't like to be held up without a reason.. We also have not made a lower low. Until then, bullish case is still...
I've been meaning to post this for the past few days.. Look at the RSI. This would lead me to believe that a large investor is buying large amounts when the RSI drops. I've seen this sort of movement in other bull runs. There have been a few things I've noticed that are unusual: 1. I've noticed a huge increase of liquidity on the order books. 2. We usual come...
If we don't hit this bottom resistance, I think that's a signal for a reversal. Volume is also lower than you'd expected.
We are oversold. Simple as that. Targets are $150 or $200.
I'm very excited. The recent volume spike is a really good bullish indicator. This is what I've been waiting for since we've touched the long term trend line.
This is most likely the bottom and I don't think we'll break this resistance. Good luck.