Decent NANO setup: Support tested for the 2nd time, unbroken. Upticked RSI on 2nd overall test and 3rd if you count the smaller re-test. MACD histogram just starting to tick up. Should look at lower timeframes for buy confirmation. You could ride this to at least the known resistance for a cool 13% gain.
I haven't seen a chart like this in a while. The indicators are aggressively neutral, but I have identified an ascending triangle. To add to this, the 55EMA is below the 21, 13 and 8 lines, which is another short-term bullish sign. This isn't the safest play, and I have a feeling there's some artificial pricing happening here, but if I'm right, then we'll gain...
On the daily, AION is looking to shoot up with its MACD Cross and Bullishly Diverging RSI. This is a good long-term play. If you zoom in on the 4-hour chart, the indicators look neutral, but an Ascending Triangle has been identified. These are considered continuation patterns for uptrends, but have a higher probability of being reversal patterns in a...
EOS made rounds in crypto news recently with some significant bugs (which have been fixed) found just before the main net launch. Regardless, sentiment is fairly divided between those claiming corruption, and those claiming FUD, and this is well reflected in the price. although the daily chart shows bullish indication, the 1-2-3-4 hour charts tell a different...
Elliot Wave: After its Dec/Jan rally over 36$, NANO has been subject to severe correction (over 90% from its ATH), as outlined by the WXYXZ pattern in the chart above. This seems to have terminated at around the 0.786 Fibonacci mark, assuming we chart by ignoring the wick, and only consider candle bodies. This Fib mark is based on the high of primary wave 1, or...
From a macro perspective, it seems IOTA has completed its second primary wave ( circled number 2 ), hitting a bottom at the 1$ mark. We've been looking for potential primary trend reversals since the 1.4$ low in February, and the recent intermediate impulse wave taking us to 2.6$ (the highest high since February) should qualify as such. Assuming I can reflect...