The first sell signal shown on the 4hr chart, 12 hours ago. Breaking out of the channel on the daily chart.
With RSI in the 60s with low Volume. I’m not convinced yet. Will observe more. Waits for a larger dip to buy back in.
Now from this chart we can see that the blue ema is about to come into contact with the ashi defence’s lines Brown.
If you look scroll back the charts you can view what happens, examples marked as Point A and B. I have only marked two as a reference, for there are too many to mark.
The goal of ashi defence is to aid in capital protection. We all know that...
Point A- this is where etc will test and try to crossover and fail, a breakout of $7.5 for confirmation change in trend.
Having the same wedge as BTC 23 hours ago. Which normally breaks downwards.
Highly unlikely that ETC will go against BTC.
Short after $7.2
Stop-loss @ $7.5
Target $6 range
Buy signals can be seen on the shorter time frames, on Bitfinex .
Now looking at the 4hour chart which has cross well over point A. Point C also looking to cut up. With the ichimoku at point B the next barrier.
As stated before a possible ascending triangle forming, as i am not to convinced, will watch how it plays out going towards the apex .
Sell close signals...
looking at the charts for eth/usdt on poloniex, i strongly feel that its time to buy eth against btc, as the charts show a triangle which is about to breakout. buy at 275-285 range, for quick profits at 315 above, stop lose at 258. btc/usdt rsi charts shows overbought position, correction incoming
As you can see the flag pole (red lines) has been formed, and has been tanking the past few days to form the flag.(2 horizontal red line). BTC/USDT on Poloniex 1 day chart, has broken out of the triangle and has been moving upwards in the channel. with the RSI in overbought zone. expect BTC/USDT to tank awhile more. and let the MADC do it job.
