Looks like Litecoin has a giant cup and handle formation on the daily chart , with resistance around 229. If we can get a daily candle to close above this range, that will be a very good sign! Stochiastic RSI has a lot of room to grow. The 20EMA is looking like it may soon cross the 50EMA. Still new here - feel free to provide feedback. NONE OF THIS IS...
I am still new at this. The dotted line is an estimation of the longterm trendline for VEN. It seems like the overall pattern is a bullish one, and there was a huge selloff after the rebranding announcement. The decrease that has ensued seems to be taking the shape of a falling wedge, which is bullish according to my understanding . RSI is quite oversold,...
OMGBTC pair is oversold on the 1 hour and 4 hour right now. The 50 EMA has consistently been a strong support. The trend is clearly bullish, so an upswing is expected. NONE OF THIS IS INVESTMENT ADVICE!
So, we had our breakout and it was to the upside. However, the crossing of the two EMAs above is likely to offer considerable resistance, so there is a bit of room for upward movement, but not much until that resistance is encountered. It seems like we have some support at the 0.00046 level, and it has bounced there once. We had decent volume on the original...
I am still new at this, so take my ideas with a grain of salt. NONE OF THIS IS INVESTING ADVISE! On the 1 hour chart, it looks like the volume has been dropping and the price is compressing. MACD is moving through a tighter range as well. It looks like this is getting set up for a breakout. Based on the upcoming rebranding, I am hoping it will be a bullish...
I am still new to TA. I have been learning from others on here, who have been most helpful in teaching TA. I am definitely not an expert, but want to share the ideas I am developing. Looking at the one hour chart, once again we see that - Price is clearly consolidating. - Volume is dropping Based on the MACD trajectory, we are oversold, but have an upword...
This is my second published analysis. I have been learning from others on here, who have been most helpful in teaching TA. I am definitely not an expert, but want to share the ideas I am developing. I have been looking at the OMG/BTC pair, and believe I see a head and shoulders pattern forming. Volume was relatively high at the formation of the left shoulder. ...
This is my first published analysis. I have been learning from others on here, who have been most helpful in teaching TA. I am definitely not an expert, but want to share the ideas I am developing. - Price is clearly consolidating. It looks like a symmetrical triangle is forming. - Volume is dropping Based on the MACD trajectory, it looks like it may be...