On the chart you can see the fibonacci channel obtained by combining two bottoms (pointed as 1 and 2 on the chart) and the peak between these two bottoms (pointed as 3). This channel should had been drawn and had been started to be followed just after 16th August,2019. According to the interpretation of this fibonacci channel, it can be expected that dow jones...
If bitcoin price exceeds the level where the fibonacci channel, which is obtained by joining three points shown on the graph, shows at 1.618 fibonacci coefficient; it can rise up to 11.000 usd rapidly. If ADX exceeds 45 on daily chart, rising of bitcoin can accelerate. Red uptrend line can be followed in order to decide if the uptrend continues or not. If price of...
Bitcoin price rises in the short-term fibonacci channel.Short term uptrend line should be kept in mind. At 9100 dollar (according to Bitstamp), there is a trend line based support level. If it breaks this support, fibonacci channel lines below can be followed. The slope of the histogram bar of MACD is trying to turn to up. If it succeed, with the support of...
This channel should be followed
On weekly chart #ltcbtc prices is very near to critical support levels. 0.00603 btc level is historycally horizontal support levels.If prices fall down next support 0.00600.However, after this price, following supports will be very low (eg 0.0035). On long term chart, ltcbtc price continues to move in the falling channel.You can observe that the channel midpoints...
On 4h period chart, last candle is almost reversal hammer. This is a possibility for now because 4 hours period hasn't finished yet.After approximately 2 hours later, it must be observed once again.If the case will be the case, reversal hammer "generally" causes prices to fall down. #Ripple prices continue under the blue falling trend lines as you can see on the...
I expect #bitcoin to continue to move in the channel given as blue rising channel on the chart. ADX, which is one of the indicators, is below of 20. That's why, the possibility of a strong trend(rising or falling) for bitcoin is low. However, this indicator will also start to rise again. You can follow falling black trend lines to determine resistence levels. For...
In daily chart stoch rsi is about to give sell signal. If this will be the case, price can fall toward 7400's.