The price has been recovering above the 200 weekly MA so far. It would be great to see some more candles which are closing above the 200 weekly. The price to whatch is 5600 USD. As long the price can hold this level, potential upside movement is in play. As we can see in 2018 and 2019, the 200 weekly MA triggered a bottom and further upside momentum. Could the...
On the weekly chart we can see that BTCUSD probably will bounce from the 200 MA. It can break the 3k support, of course! But then, I am looking for a bounce (or rapid recovery) that will close above the 200 MA. The last time we hit the 200 MA, was back in 2015. From that point, it has started a bullish rally. Lets see, a little bit more time waiting will tell us,...
Burstcoin bounced from its big historical support level (green line). It is possible that price falls again to retest this support level or fall below to test the second green support. Anyway, Risk/Reward is good enough to entry for long in my opinion. I did not enter to this market, but I follow this coin regularly. the team and the project is great and the new...
PAY has found its bottom on 0,77 usd so far (bottom reached when bitcoin also touched its double bottom on 200 MA). After that, the entire crypto market startet to recover nicely, PAY as well. After two failed rallys (double top at 1,67 usd: number 1 and 2 in blue) it did retrace perfectly to the 61,8 % fib. level. This major fib. level which is tasted very often...
PAY token forms a cup & handle and is ready to take off. We had a continous grow from the bottom (~ 1.6 $) and we are on a bullish run for TenX in 2018. I am not a trader for short terms, I am HODLING for long term. Good luck guys.
I am expecting XRPUSDT to follow the black gartner hype cycle line. We have already seen this scenario on BTCUSD between 2013 and 2016 (thanks to EXCAVOs idea). First we will reach the blue resistance line. After a small bounce up right to the long term trendline. After that in my opinion there are to scenarios: Path_1: my expectation for long term. Path_2:...