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Consolidation-breakout

IOTA short consolidation & newsBITFINEX:IOTUSD has been doing really great recently, there is quite much of activity around this project and I will mention some of the upcoming events below. BINANCE:IOTAUSD has been in downtrend for a long time, but nothing unexpected since BITFINEX:BTCUSD has been going down. I watched the run IOTA made from 1 $ till 5,5 $, so let's see how things will develop now and where it will get us. We could see on the chart that IOTA broke the 2 $ resistance line, but not long after, it came back to where it was. It is staying solidly around the line of 1,95$-2,02$, which is a good sign. This is just a small consolidation, then we will see next up. We could see the three following resistances, 1st at 2,20$, 2nd at 2,60$ and the third could possibly just be a fake breakout, so we should be careful about it. But first, let's see how things will develop with the first resistance line because it is the most important one. News: Official Bosch Press: Bosch turns Chinese cities into SmartCities with IOTA! twitter.com Events are as it follows: 1 March 2018 - Founder of IOTA speaking at an online conference - Crypto Virtual Summit. 14 March 2018 - SXSW Conference - Dominik Schiener will be speaking with Ayelet Noff about building a machine economy with IOTA. 16 March 2018 - Business Plan at BBCTokyo - Presentation of business plans at the Blockchain Business Camp Tokyo. 31 March 2018 - Partnership w/ AV testbed - "Q1/Q2 2018 is when we start announcing some of the partnerships for AV testbeds.". 31 March 2018 - Trinity Wallet Beta.
BITFINEX:IOTUSD
by S-Axiomatic
Bitcoin Cash (BCH) Consolidation Over. Now oversold?I'm looking at the BCHBTC charts and it's looking like the consolidation period is coming to a close. BCHBTC recently established found resistance at the 0.15 level showing that it was overbought according to the RSI and Stoch RSI shown on the chart. While BCHBTC is not showing that it is oversold on the RSI, it is showing that it's oversold on the Stoch RSI. The fact that it's approaching the right corner of our triangle paired with the BTCUSD bounce could lead to an upperward bullish breakout. What we're looking for is an upperward trend in price, an increase in trading volume and an upperward sloping RSI/Stoch RSI. I'm not seeing any movement yet, but I'll be looking for an indication over the next few days. I'm currently long on BCHBTC because of the BTCUSD bounce and the oversold indication. Higher-cap coins will likely do well as BTCUSD continues upwards (as long as it follows previous trends. I'd like to hear your thoughts on BCHBTC ! Where do you think it's headed after this consolidation period? Are we headed for a bull run or will the bears take it to the lower support? Please comment below, as the more input we see, the more informed we are! *** This is not a recommendation to buy or sell, this is for educational purposes only! ***
BLong
by dsgorthy
XLM TA of previous breakouts and consolidation prior to themThe last few XLM breakouts have occurred after an extended length of consolidation prior to the run, similar consolidation is occurring again along the length of the channel support so this continued development is something to watch. See the charts highlighting the consolidation zones just prior to the previous breakouts in comparison to the current consolidation happening where XLM is currently. Take note however of heavy sell wall containment of runs past .00004500 satoshis, a potential breakout would require increased volume to breakthrough sell wall containment.
Long
by HODLmyRocket
1
LSK -- A Buy while ConsolidatingHi readers, I wanted to take a look at LSK before the 20th -- when its set to blow up (The 1.0/Rebranding/RE-Release). This will create a lot of hoop-la. I'm rather certain we will see some liftoff before hand, and I imagine the day of we'll see some crazy volatility -- making having the asset in hand great if you're ready to trade quickly. Right now we can see the LSK market consolidating. Certainly some of this is the fault of action in BTC. Being as my analysis in The Trend has us Bullish on BTC, the correlation of the two coins has been positive, with LSK usually outpacing it on its moves. That sure sounds like the makings of an explosive move for LSK in the coming week. I recommend you find a good buy-in and execute on it. Naturally I have highlighted the 23% fib as a good buy. I don't know that you'll get a good chance below that. I recommend taking this chart and "Making it mine" to see if you agree. I'm confident you will, with very little research on this one.
Long
by blessmywork
3
BTC Getting Squeezed. I think we’re still in a downward trend but this triangle could squeeze BTC and make it pop out for a possible trend reversal. Elliot wave suggests we will complete the 5th wave in a downward movement to pop off of the $8K-8.5K level. Its a pivitol moment so worth continued dollar cost averaging while BTC is on sale. Let’s grab some more while we can. If we buy now, wait till we see it breakout and hook the trend line for “confirmation”. Or else we head back down to the 8K area.
COINBASE:BTCUSDLong
by skyroots
BTC finalizing consolidation faseWe can see here a Bullish falling wedge pattern on the BTCUSD pair. The 3 hour RSI has some more room to Grow, I see Bitcoin attempting to break resistance and fall back one more time. We are getting close to two strong support lines, the first one is holding since September '17. Sell Range: 11850 - 12400 Buy Range: 8600 - 9400 In case we fall below the buy zone, next support will be at 5600. But there we will face a big buying pressure, so I don't expect this to happen. But you'll never know. I could also be wrong.
BITSTAMP:BTCUSDShort
by cryptodemian
Waves TriangleWAVESBTC is inside a "huge" symmetrical but we can see a strong support at the 0.618 Fib level, it got support there 3 times, making a triple bottom. Because of that support we see a (Bull) Descending Triangle forming, normally this pattern indicates a drop in price (continuation of the fall) but since WAVESBTC made that triple bottom it should have "power" to break the "downtrend" line, thus meaning it could rise in price. Careful if it drops bellow the Yellow support! Its possible that it does another bounce then it "explodes" or one way or the other so wait for a breakout confirmation to start your positions! Trade safe!
by angel_lobs
4