ZCL had been falling since the fork happened to ANON on 10th of September. Looks like it found a bottom at 0.000485 and bounced back with a huge volume on Bittrex. Our next target is at 0.5 fib level. Also looking at 0.618 and 1 fib levels for profits. This pattern fails if we close below 0.0006. From the 1st of June, new team has taken over the ZCL and...
Ripple touched the support/resistance line again and has formed a falling wedge. Falling wedge is a reversal bullish sign. If it is able to hold the support, we work with the first 2 fib levels as targets. Need to break out the resistance red line, to break the major bearish movement.
A symmetrical triangle has been formed, which gives us possibilities to guess the next move :) If we breakout from the triangle, we can aim for a profit at 0.786 fibonacci. But if we fail to break the upper side of triangle, we can rebuy at 0.0164, where the strong support lies. Let's see, how the trade developes :)
Congrats on previous profits! :) Right now, we are inside the descending triangle, which is more of a bearish sign, unless it breaks out of it. Until that, I have outlined the support levels with the main one being at 0.00146. This should be a good time to buy this coin with a profit projection to 0.00265. Good luck :)
On a 4H chart, we can see a H&S pattern forming with a projection to 7800 level, which is also a classic support/resistance line. Let's see, whether Bitcoin will follow the traditional pattern or surprise us :)
Hard not to notice falling wedge pattern, starting in late January, when ICX made its ATH. I expect to drop furthermore, and after breaking out from the higher bound, we can confirm the bullish sign, with first resistance at 0.003, where Fib resistance of 0.236 takes place
Retracement is healthy in this market, so these ups and downs will happen. As we can see, our previous resistance at 7760-7820 is our support now. We in an up channel, and might be consolidating for a while before breaking out.
We are currently at support at 0.43-0.44 USD. From descending triangle pattern, it will likely to hit the upper side, and then drop significantly, if it is unable to breakout. The next strong support is far at 0.19, so there is a need in use of stop-losses in this trade.