BCH/USD - Coinbase
Still Holding!!
Just thought I would post an update on the hourly chart. I still think the resistance and support channel from the long term chart hold and that they will make some key resistance lines that we need to break through. We have also added a short term support line in green that BCH has begun forming and a short term inverted head...
Here is the chart I mentioned in the previous post. You can see the support resistance lines but the uptrend is obviously not the same unsustainable trend as in the FCT USD chart do to the bounce back in BTC value.
Been seeing a lot of posts lately about this coin so thought I'd put together a quick chart. The upwards trending blue line is unsustainable in my opinion so I think we will break down soon. I expect this line to flatten out quite a bit; remember i use the blue trend lines to indicate trends that will pivot. The orange lines are your resistance/support lines. The...
See Jan 13 post and Jan 15 update.
TLDR: tried to make a swing from TRX to XRP when XRP hit 1.55 but TRX did not hold up well enough to justify making the trade. Will continue to look for an entry point in XRP that makes sense against the value of both TRX and ETH unless TRX shows life. If it runs I'll play the run until swapping back for ETH. We seem to be...
I'm seeing yet another horizontal channel here in the intermediate term but you can clearly see high lowers on an up trending RSI. In addition we have a bullish ascending triangle with intersecting resistance lines and two failed attempts at breaking that resistance line. If we can break here my immediate target is a retest of 2950. Ive been trading in and out of...
Tron hitting some lows against eth. I made the swap today after taking gains on eth from 740 to 1,410 since eth has been feeling toppy to me and i suspect a double top here before a large retracement. I plan to hold until we see what the bounce is like from this trend line and if we can see some of the same volume we had the past week. I feel pretty good about...
ETC Looking like its making a strong retest with decent volume. Three possible options I'm seeing here, it either pushes for a decisive new high on this volume and forms an upward trending wedge (not pictured), it bounces off this retest and forms a third point on the lower trend line and forms a bullish triangle, or thirdly, it bounces off the upper trend line...
I'm seeing a horizontal channel in the short term that bodes well for some volatility trades at the trend lines. We have the typical triangle I've been seeing in most alt currencies against btc. Usually when I've seen this in past investments they have actually ended up trending sideways for another few days which would support the horizontal channel idea. If we...
