HumbleDumbell

HumbleDumbell Updated 

This is an "if" idea for a short. Seeing how the volume has grown significantly at this level (which coincided with the previous level of commitment to the downside from the previous leg down), this is an area to watch. After a strong move downward, the price is moving higher on low volume. This signifies lack of buyers. This hourly move comes against the...

HumbleDumbell Updated 

Currently, BTC is selling which looks like the 8th, corrective, wave. If the current level of the sell-off holds (at the level of around 11000$) until an uptrend begins at any time in the future, then this may be considered a flat 3-3-5 correction. In such a case, I expect BTC to reach as low as 23000$ and as high as 33000$ whenever the next uptrend...

HumbleDumbell Updated 

Syscoin has been showing strength for a while ow on a range of charts, and this break out bodes well for it. It broke out of a low volume bullish pattern and is showing increased volume now. The indicators are positive as well. Stop loss should be set around 0.00061 with the target profit level of 0.000095. Thoughts?

HumbleDumbell Updated 

CMF, Stoch RSI and ADX indicators suggest there is a strong bullish action on the market. After a surge yesterday, CVC is developping a pennant on decreasing volume which is an indication of a possible breakout. Conservative buyers should look for the resistance to be broken on high volume with the sell target at 0.000155-0.000165 BTC. Thoughts are welcome....

HumbleDumbell Updated 

While my initial projection was that of a butterfly pattern, it has been obvious that the approaching launch of the mainnet on Sep 13 will not allow it enough time to develop. More interestingly, however, is the Accumulation/distribution indicator showing a significant divergence against the price action. The OBV indicator (not on the chart) shows the exact same...

HumbleDumbell

The Stoch RSI and regular RSI support the 5 elliot waves movement. If the support line is broken (see the yellow area), then the next area to buy is at the end of the last wave at point 5. This area is based on the projection of ab=cd from point 2 to point 5. If the pattern is confirmed, expect the price to bounce upwards towards point C where you should consider...

HumbleDumbell

QTUM is shaping what seems to be a butterfly pattern that is supported not only by the fib ratios but also the RSI and Stoch RSI swings. With the release of the mainnet and a Shanghai conference on Sep 13, there is a good chance the price will soar, which also means there is likely not enough time for the price to retrace to the target point of D. That said, the...

HumbleDumbell

Lisk has confidently broken out of the downtrend by going over the Ichimoku clouds. The Gann fan indicates that the uptrend has lost its steam, hence a sideways trend has developed that may be the best opportunity to buy lisk now. Considering rebranding is coming September, this is probably one of those opportunities to "buy the rumor and sell the news" that won't...

HumbleDumbell Updated 

As is evident from the price action, Neo has entered a ranged trend and is probably in the accumulation zone. Mind you, this is based on a 4h chart, hence the time span of the accumulation is likely to be a few days, and the price can still go down after that. Especially if there is no upward movement driven by new developments in the Neo camp, people who bought...

HumbleDumbell Updated 

As I described in the previous idea, Factom generally followed the downtrend and staggered for a while before breaking out of the downtrend resistance line on high volume. At the moment, the volume seems lower than on the previous candle and the price is being pushed down. However, there are three resistance lines on its way - the previous downtrend line, the new...

HumbleDumbell Updated 

The price has potential to touch the zone below 0.000105 with a wick in around 24 hours, but at the moment isn't showing signs of going steadily underneath it. Therefore, careful traders may want to place an order around that number to ensure a buy in case the price bounces off that area instead of going further down. Since the market is in range, this...

HumbleDumbell Updated 

Neo is fighting back, but on low volume. Neither ADX or MACD suggest there is any strength in the current upward movement. Stoch RSI shows it has been oversold on this low volume, hence it is more likely to go down than not. OBV has also been going steadily down. It is also likely that the previous two lows were part of a finished ABCD pattern that failed to...

HumbleDumbell

Wings DAO are going to have a conference in Zurich in September, which should drive the price up. At the moment, all indicators point to a ranging market. The price action has been showing a lot of volatility, but the on balance volume shows that Wings real value hasn't changed. In fact, the previous high and the current rising price diverge greatly from OBV,...

HumbleDumbell

TenX is in a downtrend that doesn't have any significant streenth to it, but fits perfectly within the pitchfork. Watch for the pitchfork top resistance line to break to disconfirm the trend. Fib zones show that the next watch zone for a possible buy is going to be between the two lines of 13 (see the yellow oval). Price-wise, an order in the middle between...

HumbleDumbell

Civic has been trending downwards, but ADX shows no signs of a strong trend. Low volume supports that. Stoch RSI is showing it has been oversold for quite some time now, but more importantly, despite the price going visibly down, the on volume balance shows a small uptrend. This lack of change in OBV is a sign of a possible breakout. The shaping pennant pattern,...

HumbleDumbell

I can't identify any significant patterns here other than a clear tightening downtrend. It is moving down on low volume, and there is no strength in the trend. Stoch RSI shows it is already being oversold, which can facilitate the downtrend but is also a precursor for a reversal. The SAR indicator supports the downtrend hypothesis, but ADX confirms the trend is...

HumbleDumbell

XLM is in the sideways trend, and is approaching oversold on Stoch RSI. ADX shows there are more sellers than buyers driving the price down, but the trend is clearly weakened. It is also approaching the downtrend resistance line, and will soon have to decide where to go. While it has been trending down overall for the past 4 months, there is some room for growth...

HumbleDumbell Updated 

OMG has formed a decent double top on a lower volume compared to the first top. If the initial trend line is broken, set your buy orders around fib 0.5 and the following larger orders at the next fib levels. Conservative buyers may consider level 0.3. ADX doesn't show a strong trend, and stoch RSI is already at the bottom, so it is not clear whether there is...