Cardano $ADA is breaking out of its A&E double bottom with a target of 2800 sats. As long as BTC continues its markup from its most recent accumulation trading range, I expect $ADA and other alts to continue to rise during BTC consolidation periods.
For those who missed out on #Wanchain, we are at all time lows with a good r/r set up. Bollinger bands W-bottom on the 1D with SMI divergence. Might be time to finally pick up some $WAN. Short term targets 4100 sats and 4800 sats. Don't forget to have your stops (3200 sats).
We are the bottom of the trading range and a major support. Using daily bollinger bands and 4h resistances, 1st target 77500 sats.
NEOUSD / NEO / NEOBTC - Bollinger bands w-bottom confirmed on the 1D with SMI divergence. We are also well below the bottom of the TR and finally starting to see an uptick in volume. We may be beginning to see the start of the next bull run here, but if not, 1st short term target is $34 and 2nd target is $41.
2 week chart shows a Bollinger bands m-top w/ a red doji, while also being at the top of the trading range it has developed. Daily SMI is showing strong divergence, a completed Bollinger bands m-top, and squeeze. A strong move the to the downside is likely around the $1300-1400 area.
BITFINEX:BTCUSD is at the price point where it experienced acceleration into a hypodermic trend line which brought us to ATH around $20k. Also, it's close to testing the supply line down from 20k. I am expecting major resistance here.
I am very bearish on OTSK. Just went through a distribution trading range and is beginning mark down back to where mark up initially began. OTSK did a throw back to the neckline and is now continuing down.
Potential Re-accumulation on SPY and Accumulation on BTC Strong similarities in horizontal levels of support and resistance for SPY and BTC when tracking versus EBAY's accumulation phase: Selling climax (1), double top (2, 3, 4), secondary test of lows (5), test of double top neckline (6), then down to a new low into a spring (7), then onto mark up. Looking...
$BTCUSD may be heading into a spring. BTC long time frames are showing SMI divergence, sitting on support, and about to dip below the trading range. Lots of bears out there that can help this spring take off.