Are we really going to see further decrease or is it just a healthy correction to get ready for the big impulse Wave-3?
3 REASONS AMBROSUS IS HEADING UP 1. Price correction all the way down to 78.6% Fib levels, indicating correction is finally over. 2. We're seeing a nice breakout from the downtrend line, same goes to RSI. 3. We're in the upper Bollinger Bands, and we can see the bands expanding, indicating the possibility of a nice move upwards soon. ***This is just me...
3 REASONS WHY 1. Price has retraced to 61.80% Fib levels, indicating correction has completed for the most recent move up. 2. Price just broke downtrend line. Same goes to RSI. 3. We're making higher highs and higher lows.
4 REASONS WHY SHORT-TERM RETRACEMENT IS NEAR 1. Doji candlestick forming, indicating possible reversal. 2. Volume is slowly decreasing, another signal of reversal. 3. MACD histogram flattening out. 4. RSI facing resistance at 70. Ethereum is looking really good overall though. Support at SMA100 (900USD) or at trendline (877USD) are great for buying more (if...
Ethereum is looking good. The price may retrace slightly, before going back up. Once (IF) it retraces to about 874USD, it'd be a good buying opportunity.
5 THINGS TO NOTE 1. It's now above MA(20), which means it broke into the upper Bollinger Bands. This is an indication of good recovery and we can see further move up. 2. MACD is positive. 3. We're seeing a little bit of resistance in RSI 50. If we break above the green line, we'll be even surer that we're in bullish territory. 4. We're also facing resistance...
FUN/BTC Analysis - 1 February 2018 Bolling Bands are flattening out, consolidation time. We found a nice support at 0.00000755 levels. WE'LL SEE A NICE MOVE UP IF... 1. We break above the downtrend line. 2. Much safer if MA(9) crosses above MA(20), which is the mid Bollinger Band. 3. Start gathering upward momentum by trading on the upper Bollinger...
V E N is one of the stronger cryptos out there, it's seen major bull runs for the past weeks, up about 3766% since early December last year. So, when's a good time to buy V E N, looking at the current chart? 3 POSSIBILITIES 1. We're seeing resistance on the 23.6% Fibo (0.00064397) levels. For the past 2 days, it's failed to break above that. If we see a strong...
3 THINGS WE NEED TO SEE BEFORE WE POWER UP 1. It seems like POWR is done retracing from the most recent run up, to about 0.00008025, between the 61.8 and 78.6 Fibo levels. Now, we need to see higher highs and higher lows to confirm. 2. The MA (50) is acting as a pretty strong resistance. We want to see a break above that. 3. The price has been trailing in the...
5 THINGS WHEN OBSERVING WAVES 1. The MA(50) has finally crossed above the MA(100) for the first time on 6 January 2018 since 12 August last year. This could mean the beginning of a midterm change in trend. 2. As for the shorter term, Bollinger Bands are flattening out. We're consolidating. It'd be good to see the price consolidating around the upper band, so it...
CARDANO, NOT BAD, NOT GREAT EITHER 1. Although the price has touched below the short term trend line, it bounced off on the minor 0.00004743 support. Now, it needs to close above the trendline. 2. It needs to break above the short term downtrend line in the next couple of days, for a stronger uptrend signal. 3. It's been consolidating for the past 2 weeks....
ETHEREUM IS HANGING IN THERE! 1. We're seeing a nice bounce on the 23.6 Fib levels. 2. A close above the short term uptrend line today would indicate a clearer positive sign. 3. If things go south, we might see support levels at a) $989, b) MA(50), c) $908. **Just me learning. Please feel free to share your thoughts with me.
T R O N GOT LOTS TO DO EMA(9) has gone below EMA(20) and both are now below MA(50). 1. First, it needs to bounce back and close above the uptrend line, that it failed to do 2 days ago. 2. Let's hope it finds support at the minor support, 0.00004515 levels. If it breaks below that, we might see it go down to 0.00002954. 3. It also needs to break above the...
3 HURDLES LUMENS NEED TO OVERCOME 1. A bounce off the MA(50) which is a good sign. But if current candle closes above 23.6 Fib levels, it's a stronger bounce. 2. End short term downtrend by breaking above the downtrend line. 3. If the price falls below the MA(50), it may fall back to $0.397. XLM/ETH **For educational purposes. If you think I've done...
3 HURDLES RIPPLE MUST OVERCOME 1. It needs stay above the green trend line, going into tomorrow. We're seeing a doji candlestick, so a bounce tomorrow might be a possibility. 2. Close above the 23.6 Fib levels for a more comfortable hold, signaling a clearer change of trend. 3. EMA 9, EMA 20, EMA 50... In that order. *This is for educational purposes. If you...