LTC seemed to have formed a double top pattern and could not break through the 0.02 resistance. It broke down the neckline of the double top (blue trendline) which has now become resistance. If LTC is unable to break this line, I think we might be going down to at least the blue box, but a deeper retracement might be possible as well. On the other hand, LTC also...
BAT is a very interesting project with a great team (among others the founder of Mozilla and Firefox). I'm already using the Brave browser which really is an outstanding browser. I was looking for a good entry in the token and think this is a very good point. As we can see, BAT hasn't really seen a major pump since it got on Bittrex and has been moving down...
LISK got dumped when the rebranding was postponed. After a long retracment it now got back into my targetbox at the long term trendline. I think that the hype will come back soon and LISK might see a good move upwards again, but because BTC is so bullish at the moment, I'm waiting for confirmation of a breakout before I get in. What I think might happen is that...
Neo has been moving in this major falling wedge for quite some time now. Usually this will lead to a reversal and it seems that NEO has made 5 corrective waves. But as of now the indicators are not very outspoken about a move upwards, although there is some bullish divergence on the MACD. I think the main thing now for NEO is to hold this yellow support line. If...
ARK has seen some good news; smartbridge for BTC, got SCIC status in France and the mobile wallet is almost done. This has caused the initial spike towards the blue trendline, after it bounced perfectly from my target area where I entered this trade. Now ARK is trying to break out from the trendline which now works as support. The green box on the right chart is...
Someone asked me to look into peercoin, so I don't know much about the fundamentals. But this is what I see on the chart. It has been, and still is a downward channel. It spiked at the end of November, after a major bullish divergence was formed on the RSI and MACD. It touched the trendline, but could not break it. Again the RSI cross of the trendline (yellow...
NEO has been in a downtrend since mid August. After a failed swing that could not break the upper trendline and a deep retracement, the indicators again show a positive future for NEO. The Stochastic RSI shows that NEO is oversold on the daily chart has already crossed. Similarly, the RSI is also going up again and seems to be breaking a long term trendline on...
OMG seems to be bouncing from the lower trendine. If there is enough power behind this bounce, we might break through the blue trendline immediatly, but I think a retest of the trendline is more reasonable. That would be an optimal entry point I think, before OMG breaks througha nd goes for a next leg.
I usually do not really chart BTC because it is frankly too unpredictable for me. But I was looking through the chart just now and I noticed this pattern. Also the last two dips, BTC bounced right of trendlines I had drawn for weeks already. So who knows, it might do this again and bounce right of the trendline around 8400, which is also an important fibonacci...
POWR is an interesting project that has seen a lot of attention in the last weeks, hence the major pump. It is now overbought on the lower levels, but it has retraced between the 0.5 and .618 fibonacci levels. I think it probably goes down at least till the .618 level (bottom of green box), but this might be a possible bouncing area because more fibo levels are...
STORJ has broken out of its downchannel a month or so ago and made two nice waves with deep retracements each time. It might bounce up and down the trendline for a bit more time, but at this point STORJ is already oversold on the 4h and daily charts, so one of these days we could expect a good move upwards towards the upper trendline. Entry at this point and a...
DASH shot back into the channel in which it was moving for quite some time. Now it looks like a bullish pennant has formed. If BTC cools off just a moment, DASH could make a very good move up to the blue trendline again, which it has touched so many times. I'm waiting for the breakout and retest of the pennant for my entry though, since anything can happen these...
OMG has seen a deep retrace (0.786 fibo) after its major bull run (left chart). It already broke out from this retracement and it seems to be in an upwards channel again (upper right). RSI has seen a cross and is going up, and MACD is turning green on the daily. It already had one nice wave, corrected fully and looks like it is starting the 3rd wave now after some...
IOTA is doing really well at the moment, but instead of giving in to FOMO, I'm waiting this one out for now. RSI is oversold and it has touched the upper trendline. I'm hoping that it will retrace back to the lower trendline for a good entry for the last leg.
ADA has not seen a major pump as seen with most altcoins. Although it already has quite a marketcap and ranks 18th, there might be room to go up. It looks like it is in a major pennant and is reaching a point of decision. The MACD is turning green on daily and there is only a small ichomoku to break on the 4h candles, so there is potential to go up. However it...
NEO seems to be in two bullish pennants, both on long-term (left) and shorter term (right). NEO is a very strong coin with a dedicated team and community behind it. If BTC dips in the coming weeks, we might see a strong bull run of NEO. First target lies around 0.0070.
TRIG broke out and is now retesting the trendline again. If it is boucing from this point, we might see a very good move upwards again. I'm entering here and will place my stoploss not far below the trendline.
ARK, as so many alt coins, has done a deep retracement after a major bull run (0.887) and now has broken out of this downward channel. At his point, It looks like it is an a pennant and either we will see the start of wave 3 here, or ARK might go down again towards its previous low. Looking at the RSI on the daily, it seems more likely that ARK will break out...