NikolaCelan

NikolaCelan

I have updated the upper trendline a bit, just to fit a resistance-now-support in at the retest.

NikolaCelan

With the two higher highs and the second touch of the lower trendline on the 4hr, MACD histogram turning green in the positive territory. Buying signal = breakout of the upper trendline. Fakeout or bouncing down from the resistance = invalidation.

NikolaCelan

A move worth noting: a clear breakout of the falling wedge on the weekly, while BTC is still hanging there indecisevely. RSI broke above 50, MACD moving towards bullish territory. Is HEX truly the new BTC?

NikolaCelan

And we’re back in it

NikolaCelan

Rising wedge

NikolaCelan

After the bullish breakout from the upper wedge trendline (blue), price is perfectly respecting another descending resistance trendline on a larger time frame (brown) and is ranging within it and the rising channel border (pink). Possible test of 3680-ish trendline support (former resistance) or a visit to the lower channel trendline support (around 3400). If...

NikolaCelan Updated 

Here I've corrected wedges to the closing prices: Still playful beautifully between/literally respecting upper wedge and lower channel w/ Bollinger lines. Stochastic calls for the upward breakout... We'll see

NikolaCelan Updated 

Interesting by now: price is respecting lower channel and lower Bollinger line on the 4 hour chart. Still room for downward action within wedge, although Stochastic favors bearish exhaustion. Just wait and watch...

NikolaCelan

local bottom at 6350

NikolaCelan

Bounce ahead. Short term long.

NikolaCelan

Also a strong short term resistance @ 7250, should play out until September 3rd 18:00 Correct me if I'm wrong

NikolaCelan

Short term - how possibly could this go down?