The candidates for support line are at 15000, 13000, 11800. Since daily EMA has been strong support during recent days, It has high opportunity to be bounced back at 15000, and it is what I expect. However, if it drops under 15000, probably it can go down until 11800.
I found BCH has formed a bullish pennant pattern, which means we can set target level at 4700 USD.
Today was one of good hours, BTC went upward slightly and the most of alt coins gave high profits. But it seems raising wedge patterns, waiting for breakout. While it is in the wedge, decreasing volume is like it's saying it doesn't want go up. So I expect it will retest the support area at 11000 level, after the wedge is broken. It will be a good buy opportunity.
We can see a pennant pattern, and the trend line is going through the end of the triangle, so I expect the trendline will help it to break the upper side of the pennant. When we utilize pennant patterns, it is recommended to buy after seeing a breakout at 0.193, but it's also good choice to buy at cheaper price. Additionally, MFI and RSI also indicate that it's...
Though it's too early to buy, we should notice the hourly chart on QTUMUSD is forming ascending triangle. Wait for a strong breakout with high volume and buy after confirming a bounce at 50.9 level. The target is previous high 73.15.
Does the line break out?