mkat

mkat

Watch ETH to move lower if it can break trendline. Note that the corresponding RSI trendline is also looking to break down. Good Trading!

mkat

Verge is coming under selling pressure again. Price is likely to move back to the recent lows from here. Good trading!

mkat

Ripple XRP is showing signs of weakness and a return to the daily downtrend for the short term at least. Watch for a break below smaller trendline as shown. Good trading!

mkat

Here's a good cheap coin to keep an eye on. RDD has broken above long term resistance and is now consolidating back to support. Watch for the break above the smaller red trendline on the 4 hour chart for a buy. It only has to get back to it's recent high to double your money. Good trading!

mkat

NXT came back to sit on a strong support level (purple line), only to move back up into a congestion zone (yellow box). This coin is worth watching as it is yet to join the recent Altcoin bull run. If NXT can break above the yellow zone there is potential for large returns while BTC remains strong. Note the Daily RSI which has moved into overbought territory...

mkat

Watch for BTC to consolidate in a tight horizontal channel as shown. Note that the RSI is showing divergence signifying a temporary move lower. Daily still looks good for a buy, but best wait to see how BTC negotiates the current level. Good trading!

mkat

Cardano has been on a nice bull run throughout April. Time to watch now as it has hit an area of resistance with Daily RSI also getting into overbought territory. Expect a pullback as shown before another attempt to break through resistance. Note that I am not recommending to sell, more advising to resist the temptation to buy until after a pull back....

mkat

After a steady decline STORM has broken long term resistance like many altcoins during April. It is currently trading in a rising channel and looking good to move further to the upside. Watch price at top of channel and at horizontal resistance levels shown on the chart. A good project with lots of potential upside. Good trading!

mkat

Populous PPT traded sideways for since early March. Earlier in the week it finally broke up out of it's wedge and ran into resistance around 0.0034. If BTC remains strong watch for PPT to break above this level for a buy. Good trading!

mkat

As expected Verge dropped to support following a spike around news. Looking for a move back up to recent highs. Good trading!

mkat

ICON has hit resistance and turned down. Looking good to break this wedge up if BTC can remain strong.

mkat Updated 

EOS has been respecting a horizontal support/resistance line on both the price chart and RSI. Note several bounces over the previous months marked by arrows on the chart. Finally on the back of a good day for cryptos and some positive EOS chatter we have seen a strong break above the RSI resistance line and corresponding break on the price chart. Don't chase...

mkat Updated 

Verge XVG has been strong for few weeks now trading in a beautiful channel. Movement at this rate is not sustainable with RSI now showing divergence. Look for a break of the channel down as the signal for a short-term sell. Good trading!

mkat

AUDUSD broken a shorter term trendline up within a bull channel. Note corresponding break of RSI trendline. Look to take profits before next resistance at 0.81 Good trading!

mkat

IOTA has broken a long term falling resistance line. Note strong break of corresponding RSI trendline supported by divergence at the bottom. Watch for a small retrace before buying. If BTC stays strong IOTA is primed to follow. Good trading!

mkat

Etherium ETH has broken up from a long term falling trend. There is resistance around the current price, so watch for a pullback to the support area. If we see a bounce then its time to be buying. From there we should see the start of a nice move up. Good trading!

mkat

Ripple XRP has broken up strongly above a longstanding resistance line. Note break of corresponding RSI trendline. Keep in mind this move just followed the strong BTC move. Be guided by BTC action and see how XRP reacts at the next resistance around 0.86. Good trading.

mkat Updated 

BTC is trading within a pennant pattern since the beginning of April. Note the break up and immediate retest in early April of the falling resistance line. Watch for price to break out of the pennant. If BTC breaks up a test of resistance around 7700 is next. I think a more likely scenario is a break down to test 6000 again before the start of a stronger move...