200 SMA held as support. RSI has turned around. MACD is above zero line. A large inverse H&S is forming. Target of breakout would be 12.
Potential inverse H&S breakout. The depth of head from neckline is over 10 points. So, a textbook break out target is near 33ish. Which is over 50% profit. Other factors to consider: Short Percent of Float => 64.58 % Short Interest Ratio (Days To Cover) => 5.4 Trading above 20, 50, 100 SMA on daily. MACD positive and expanding. RSI bullish. ***This...
Accumulation in play. Very low float. Volume is good. Way oversold on daily as well as weekly.
Keep an eye on MACD and RSI for signs of reversal. Break out above 83 and hold 83 as support will be a good indication. Breakout above neckline will target 105-110 area near 200 MA. There is support around 76-77 area. Break below 75 will be a sell signal.
LTC's huge falling wedge and MACD bullish cross. Expected target is 80+
Inverse H&S spotted on BCH hourly. Let's see if it breaks out.
More pain to come
MACD looking to give signal for the breakout. SMA 20 and looking to cross above 50 which is a bullish sign. However, volume is low. The low volume suggests that most are waiting on the sidelines for market to decide. Both shorts and longs on bitfinex has jumped a bit in the last few days. So, we are neutral on that part too. So, overall look on daily leans a...
Rising Wedge on 15 mins. H&S neckline working as resistance. Noob. Feedback welcome.
Inverse H&S on hourly. Break out expected to/near 10K area
Potential of break out if right shoulder completes.
Another inverse H&S on hourly... for quick profit seekers... can buy when the right side of right shoulder start to form and sell if neckline start to show resistance. This is just an analysis... Trade at your own risk.
Potential H&S on hourly with target if right shoulder completes ~9150