IMX has been performing very well over the past few days; it is very bullish. The green box below is where to long; on a retest of the diagonal resistance (now support), and the horizontal price action below (I like the middle of the wedge serving up as support. Below that you have the rising support line below, which would be the last line to take longs and...
The price action for REN seems really messy and volatile. The volatility could be a good sign of volume arriving. There is the formation of an inverse head and shoulders here, with like a consolidation/build up potentially starting here for the right shoulder under resistance. The green box below could be a good place to take long positions. Looking for...
KNC had a nice rally after breaking through its overhead macro resistance (diagonal). We have see it rally into resistance (horizontal) and now id expect its to cool off a bit. Clear price action support/resistance flip down below could serve as a nice point to buy and go long, with stops just below. Id expect some consolidation below this overhead resistance...
Ive been grappling as to what is happening with SAND today. It is higher up on coinmarketcap, so i feel that when we do get a breakout it won't be as volatile. Im suggesting two overhead resistance (diagonals). One is from more recent price action and the other goes further back, more macro. Im thinking that recent price action is more important, and therefore...
Must be patient with this. If bitcoin nukes down then im sure this will kick in. Stop back inside this resistance that it broke from. Looking for the retest of the downward resistance and/or the old horizontal price resistance. Depending on where you take the swing low from, the fib retracement gives so good confluence here also.
Heres the path I'm envisaging right now for bitcoin. Have been sitting on my hands so to speak for the past day or so as we have this ascending wedge pattern that looks like it will break downwards. Im betting on the 0.618 zone aligned with some historical price action so serve as support and we make our way back to the resistance. Conolsidation @ the resistance...
This one might need some patience as bitcoin is looking wobbly. But there is a clear opportunity here for a breakout.
Possible inverse head and shoulders forming on the REN / USDT chart. REN/BTC also putting in some possible bottom patterns and looking good. Target area is overhead.
SOL forming a nice ascending wedge. The SOL/BTC pairing is looking healthy also. Looking to take longs on the lower support for max risk/reward. Or if we do get the breakout with decent volume (i think unlikely given bitcoin right now), then we could long the retest of the resistance as support.
Just looking at REN and looking at some of the price action support and resistance. Looking maybe for an entry on a sweep or a higher low. One to keep an eye on.
Not wanting for it to look messy but thinking about all the different paths KSM could take. 1. test of the lower support and up and breakout. 2. breakdown of lower support and then back inside the wedge for a nice bullish deviation. 3. a simple break out to the downside, retest and continuation down. Watch this space. Lower support could be good for a long,...
Identified a distinct area of confluence here on $WOO. Looking to take longs here. Easy invalidation just below.
Looks like a nice ranging bottom here for KLAY. Some clearly defined price action points overhead that would make for good targets. Looking to take a position at the lower end of the range to reduce risk, or looking for some price confirmation off maybe 0.618 level from the recent up tick. This said, I would ahppily sit at the very bottom of this range for an entry.
IMX has bounced back inside this wedge, causing a takeout to the downside and a great long buying opportunity. To reduce risk we could sit at the support level ~ 0.677 with a stop just below (invalidation point. Targets wise, first stop you have the historical price action around 0.730, which also lines up nicely with a 0.618 retracement of the recent leg...
Here is my quick thoughts on bitcoin. (note, on the 15minute time frame, so just short term stuff that could take us into a reversal or into a ranging bottom here) We formed nicely a descending falling wedge pattern, which has broken to the downside. I can see the price action entering back into the wedge pattern meaning that this was a fakeout or deviation,...
Hey all. Looks like theres been a fair bit of consolidation here at the neckline of an inverse head and shoulders for HNT. Keeping an eye on bitcoin as always, but this looks good to go. HNT/BTC is very oversold on the 4hour and even a bearish divergence on a quick glance which does go against us here. Would be nice if there was more room to grow on the RSI but...
IMX has had some good fundamental news relating to a partnership with MasterCard lately. Looking at the chart, Im observing the formation of a possible inverse head and shoulders pattern, with the right should right now forming (hopefully). Inside the right should is a mini inverse head and shoulders if you go to. a lower time frame. Price targets on the...
I don't know if you can short the DXY but if I knew how and could, I would. This could be good for bitcoin