Caveat, that all of this depends on bitcoin continuing it's run north. We'll see RSI fall back down over the next period or so and will make a run after towards breaking out of this pennant.
XRP appears to have formed a head and shoulder, with our current location on the upper right shoulder, potentially setting up for a dip down to the support line. Once it hits the support line, it should rebound up. If the neckline is broken, the pattern is broken. This is what I'm seeing - as always do your own research, this is not investment advice.
Repeat the mantra of any trader...when in doubt, zoom out. Also "Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation."
Short term, looking like we're getting squeezed up in a upward moving pennant. Keep an eye on support and next resistance is at .80. If we break through, we should see a run up to .842
A clearly defined pennant has formed in $XRP - would look for a leg down to .74 - .75 range (buy zone) before bouncing up off of support and making a run to .86 - if this happens, pay close attention as this has been resistance for four candles yesterday. If a confirmed break-out materializes, look for the next fib up, which would be around .93 As always, this is...
We're on the upper right leg up of a massive W formation on the 4H chart. Trade accordingly.
There looks to be a nice wedge forming for GRS in the 30m buy area on support, should make a move within the next 4 hours
15m chart looks like a C&H possibly forming.
Taking a quick look at the 15m chart, clearly bull pennant has formed. RSI is also down, so I would anticipate a breakout within the next few hours.
We just tested resistance at near .212 mark, last time this happened, we dropped down to .19 in a relatively quick sell-off. If anything, be paying attention to the next few hours as those should tell if we'll more horizontal or downleg.
Look at the chart - it's pretty self-evident
$OMG has a defined pennant being formed after yesterday's ride up. Look for breakout soon.
Taking an objective look at how I think the next few days will unfold for $MTL
Update to my prior trade, feel like the breakout opportunity for $NEO is still in play
Third time through this 'cycle' clearly evident in the charts. The time to buy is now for the next leg up.
Predictable Pattern on $NEO - now is the time to buy
Symmetric triangle has been forming. Look for a breakout to form within the next 2 - 6 hours. buy area is near 475236 area. 1st resistance is 509980.
Pretty defined sine wave going, look to drop to 20096 and back up to 203.