jawhite

jawhite Updated 

The 9, 13, 21 hour moving averages are approaching the 55 hour moving average. If all three cross over, possibly in the next three hours, this will be a VERY bullish indicator and should lead to a significant increase in volume. My target is 996. I don't think it will break 1000 on the initial run but if it does look for 1030.

jawhite

Verge has been in an extended bullish flag pattern and is nearing the lower support level. This means a move should be coming soon. This would be the fifth leg of an Elliot Wave and should test the resistance levels just under 1000. I don't see it breaking 1000 on this push however. If XVG continues to the lower resistance line it could break lower and test...

jawhite Updated 

I thought we had found the bottom yesterday with the drop to 840 but as you can see on the 1 hour chart we have a clear bearish continuation pennant forming and it should break in the next few hours. The first level of support is at 826. I doubt this will hold, which means we're likely to see a drop to the 762-794 range. I believe this will be the bottom in the...

jawhite

I haven't posted on XVG lately because there's no clear path until it finds a bottom. I thought it had found it's bottom around 720 but it has continued to drop. We currently have support at 639 but it's weak. If we break through 639 we could drop as low as 508 where we have much stronger support. My hunch is that it doesn't go that low. If we break out on the...

jawhite

TRX is currently in a strong bull pattern and that should continue. But the ups and downs will be tempered by BTC as we saw overnight. Any sharp selloff of BTC will cause TRX to pull back. If BTC stabilizes TRX should continue it's move up within hours. The next leg up will have to break through 835, where there's currently a 20.7 million sell wall. This will...

jawhite

The last drop to 1143 was a strong signal that this correction may be coming to a close. We established a low at 1129 on Binance following about twelve hours later by a higher low at 1143. We now seem to be forming a new wedge that points to another breakout. It's still early and we may bounce at least once more off of the bottom trend line. Once we breakout...

jawhite

During this run Verge has been consistently jumping after the RSI drops to 30. We' just touched 40. This doesn't mean that it will continue to drop until we see 30 on the RSI, but if we do that could be a strong signal it's about to end the correction.

jawhite

For those of you that have been following my posts on Reddit please realize this is a totally different type of TA and is not as predictable as the short term trend analysis I've been posting. I picked several breakouts in a row this week and I don't want anyone thinking that every pick I make is correct. That's certainly not the case. Verge has obviously...

jawhite

Looking at the chart this morning I don't see a VERY clear short term (4 hours or less) pattern. There is a vague pattern developing that points to a breakout between now and about 8:00 est tonight. BUT, there's also a hint of a consolidation period that could take us back to around 1100. Numbers to watch. To start the next move up we first need to break 1320 on...