profzigzag

profzigzag

Good day Traders! Litecoin still moving down, currently testing upper parallel resistance after breaking it earlier at (1). Depending on the 4H close, we could see further move down towards support at lower parallel + 1H 200 EMA at (2) or a move higher towards likely resistance at upper parallel at (3). Should price move towards support at (2), a good reaction...

profzigzag Updated 

Good day Traders! Bitcoin Cash testing key resistance, the 4H close will give more indication of where the price might be heading.

profzigzag

Bitcoin showing similar breakout pattern as with the previous breakout. Price slowly creeping above descending channel formation. Possible long entry at the significant break and close above the upper channel formation at (3). Support and other possible long entries at EMAs and (1). Target and next expected resistance at (2), minding resistance at psychological...

profzigzag

Good day Traders! Ethereum approaching upper parallel resistance at (1), a reaction off this level and close below would indicate some likely sideways action with support at lower parallel at (2). Should price break and close above (1), likely move is further to the upside towards (3) and the moon.

profzigzag

Good day Traders! A possible opportunity to trade ETHUSD is unfolding.

profzigzag Updated 

Good day Traders! Bitcoin Cash broke through significant resistance, further bullish move is expected.

profzigzag

Well good day Traders! Recent price action showed a sign of a bullish move (higher high spike), however, Bitcoin Cash has been under pressure as seen by lower lows and large top wicks. At this moment in time price action does seem slightly bullish as a potential ascending channel is forming and rising RSI (red line). Should price continue moving higher it'll have...

profzigzag

Greetings Traders! Just some thoughts on possible price paths Bitcoin might take in near future.

profzigzag

Greetings Traders! ETHUSD found some support at 4H 200 EMA at (1). A brake of upper channel resistance at (2) would indicate a further bullish move, otherwise, expecting price to continue its bearish move down the descending channel formation with support expected at lower channel parallel around (3). Like if you agree, if you have anything to add or comment,...

profzigzag

Greetings Traders! BCH/USD is at significant support level at (1). Just below that is 4H 200 EMA support at (2), should these support levels brake, likely move is further to the downside. If the levels hold, a move to the upside is expected minding the resistance at (3).

profzigzag

Greetings Traders! Just some levels to consider as BTCUSD continues its flight to the moon. BTCUSD encountered a bit of resistance at the longer term yellow parallel around 12800. Should demand prevail, at this rate BTCUSD is headed to the moon, mind some resistance points at (2), (3) and (4). Support is at the bottom parallels marked with (1).

profzigzag Updated 

BCHUSD has been ranging within an ascending channel formation since mid Nov. With the recent flash crash it saw a retracement to the lower parallel line as well as 4H 200 EMA at 1100. Since then demand has picked up and a new ascending support line is forming. Should demand prevail, lower support line hold and if price breaks resistance at (1), likely further move...

profzigzag

BCHUSD trading within ascending channel formation, currently testing upper channel resistance. Immediate support is at 100 and 200 EMA as well as the lower channel parallel line. Should the price break out of the channel, some resistance is expected at (1) which is just a parallel taken from the longer term yellow channel formation that has formed since mid Nov....

profzigzag

Demand has propelled BTCUSD higher breaking out of descending channel formation and breaking through 10000 level resistance. Support is now at 10000 and the ascending channel formation lower parallel (1) and another parallel line (2) just below that. Should demand continue and support hold, target and next level of resistance is expected at upper parallel (3)...

profzigzag

Forming a downward sloping channel. Immediate support is at upward parallel line + 1H 200 EMA at 9400, should that break, more support is expected at lower parallel line of downward forming channel + 0.5 Fib retracement. Even lower is 4H 200 EMA + 0.618 Fib support.