There's a huge demand for XLM recently after Stripe announce ending support of BTC. So my curiosity got to me and I can't help to think that this is a great trading setup. Base on the EMA, MA lines, I see a sharp acceleration typically seen on a breakout. Do I open a long trade now? I'm sure that the EMA will guide me and believe that there will be a price...
On the 4 hour chart, things looks quite interesting. For the past few days, the prices had neatly been tested on the faster EMA level. However, on the daily chart, the spread between the slower MA and the faster EMA shows quite a considerable distance. The trend line has been tested a few times and each time confirming the uptrend. The counter-trend and trend...
XRP bounces off the correction and we're seeing a considerable buy volume a few days ago to get in a nice entry price. Assuming XRP prices will follow the same past patterns ( see ellipses ), I think we'll see a few days of consolidation before a new break is going to happen in the next 2 weeks. New support level at $1.17. Next target $4 & $5.
If we survive this bounce from our last correction, I am quite bullish that ETH will hit $1600 next week. The trendline looks positive but I'm still hoping for more volume. Seeing that we're heading to the weekends, expect we'll go sideways for a day or two before momentum really pushes up the price and demand.
Are we out of the woods yet? I don't think so. From the support level at $5800 to the highest at almost $20k and now at $10k level, we're seeing a full retracement of the market. On the daily chart, there seems to be confluence at the 78.6% fib level with the 200 EMA at the $8500 region. The EMA, MA indicates that we are heading downwards to this...
I don't think we have reached the bottom for ETH yet. Base on the daily chart EMA and MA, we're are heading towards a crossover and confirm a suppressed price heading downwards. Base on fib at 78.6% level, it will possibly drop to $650. The 200 EMA indicator support at $480 region. I will set buy entry at both $650 and $480.
Market is in a major correction today and from the daily chart perspective, XRP price has done a retracement since its all time high and currently respecting the 78.6% fib retracement level. EMA and MA has crossover and we're seeing price being surpress even more and people are pressured to sell in fear of losing money. If you're long on this, a great entry...
An ascending triangle pattern has formed on the 4h chart. Buillish! Target $1600. Support level at $1135
Since reaching an ATH at 20k last month, BTC has retrace to important level of supports consistent to the fib retracement. We have seen price retrace and tested at 78.6% at $10800 and then tested the 61.8% region From the daily chart perspective, EMA and MA indicates a bearish movement in the market. Also, base on the volume and the EMA, MA indicators, I think...
Base on my last analysis of EOSUSD, we're seeing a positive price action today. EOS finally broke the resistance and breakout out! EMA, MA bullish on the daily chart. Target price to hit $13.80 and $16.00 Support level at $9 and if that breaks, at $7.
From the last all time high at $11.42, we've seen a market pullback and effectively finding new support level. It may retrace back to previous support line at $6.30. I still think that is still is in a bullish pattern base on the trending line, EMA, MA daily and weekly pattern. If you are a long term investor, current price a good entry price. Short term...
Since the last all time high, ETH has found support at $1135. If the price bounce from this support level and break beyond the last all time high, possible outcome could shoot up to $1600 Ofcourse, this could all go south, failing to break the resistant could possibly go below $1000. With uncertainty of bitcoin value, people are looking at strong alternative...
Looks like there was a short live euphoria in about 6 hours ago when the CEO of Ripple, Brad Garlinghouse announce partnership with MoneyGram twitter.com Naturally, the market rejoiced on such news and we saw a rapid climb bouncing off the support line but unfortunately did not break the resistant at $2.75 However, this is a great buy opportunity to those who...
Base on the daily chart, XRP price has been hovering around the 61.8% level of the fib retracement. EMA is heading towards a cross-over with the MA. If this support level breaks, it is possible to go down even furthur towards $1.40. I will only buy if there's a positive bounce on a daily chart. If you already hodling this, keep holding If you want to buy, wait...
ENJ has not been large affected by the correction of many crypto coins out there. So far from this daily chart, I see little price action. This is afterall, traded quite low on Binance. It had a healthy climb prior to the release of their first mobile wallet. And the price seems to meet resistant at 2600 sats. I drew a trendline and counter-trend line but no...
From a daily chart perspective, EMA and MA indicates a bearish pattern. The EMA has not crossover with the moving average yet. Support currently at 12800 btc. If the support line breaks, expect to go down even further to 11k and 8k support level base. If you want to buy, wait till indicator of the EMA and MA goes up and breaks the countertrend line. I am no...
After a market pullback yesterday, ETH is poise for a new bounce upwards. MA, EMA has not crossover yet ETH price is still trending upwards Price pullback has been well tested around the support zones Target 1: $1320 Target 2: $1500 Support 1: $1050 Support 2: $850 Happy trading :)
After a market scare, XRP proves to be resilient and currently at the support price of $2.30 $2.50 region. We will see the price accumulation that will form a symmetrical triangle that indicates a bullish pattern. This theory is further supported by the MA, EMA chart which has not crossover when viewed weekly perspective. In addition, the fib retracement...