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ETH has formed an inverse head & shoulders. A breakout from this head & shoulders could lead to a breakout of this symmetrical triangle.
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BTC has formed an inverse head & shoulder pattern on the daily RSI. Next to this BTC formed a bullish pattern called the falling wedge that has the potential to breakout.
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Little elliot wave analysis here:
Usually wave 2 bounces at the 61.8 fib level from wave 1.
Wave 3 bounces at the 1.618 level from wave 1. wave 4 bounces from the 50 fib level of wave 3.
Waiting for a green candle close at the 50 fib level to get an entry.
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ICX formed a symmetrical triangle on the daily chart. Next to this the MACD formed a ascending triangle and bullish divergence.
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Usually a symmetrical triangle breaks out after the 5 touch, (wave e). I am expecting a break upwards because of the bullishness on the whole marketcap (falling wedge breakout + inverse h&s).
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LTC broke out of a falling wedge which are bullish. A MACD crossover happend for the first time since the crash, that confirms a momentum switch. And LTC is sitting on support for a while.
Great entry zone.
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BTC reached the 61.8 fib level where we should see a bounce. This also happend in the 2014 crash. The MACD has a bullish crossover and has momentum to the upside. We can see positive price action coming soon.
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ICX is resting on support for a while now. A bullish MACD crossover happend on the weekly chart + bullish momentum which is very bullish. Bullish divergence has been formed on the momentum indicator which almost alway results in a bull breakout.
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Iota is resting on support for a while now. A bullish MACD crossover happend on the weekly chart which is very bullish. And bullish divergence on the momentum indicator which almost always results in a bull breakout.
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0X is reacting nicely on the resistance line. It made a little red bounce but the buyers are strong. We may see a bounce of the support line and break this resistance line.
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Bullish divergence has been formed on the 4h timeframe on the momentum indicator. This can possible lead to the potential breakout of this triangle.
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Ethereum broke out of a falling wedge earlier with nice bullish divergence and a nice amount of volume. ETH is now resting on support. We can expect a nice breakout on the upside when BTC moves.
Buy and sell positions in crypto scanner (comment)