ZRX recently broke bullishly from a pennant, hit resistance around 2400sats and is currently retesting previous resistance (now support) as expected.
Ghost bars represent the ideal path over the coming days if we look to push higher and break out from this triangle-within-triangle pattern (green).
I have a SL set at 2200sats currently, as there is potential for us...
Update from my last idea (linked).
Bitcoin failed to rally to the local resistance and instead broke into a downtrend earlier than expected.
We're currently sat right at support, and if it doesn't hold, we could go as low as 7.5k in the next move.
Psychological supports at 9k and 8k might stop the bleed, but I'd wait for a clear reversal before going long.
Extrapolated from my previous analysis, this chart shows that we are approaching a critical point for Bitcoin.
Over the next few days, we should test the 11.6k area as we look to complete the ascending triangle pattern.
If the pattern breaks to the bullish side, I would expect a test of the local top at 14k, perhaps reaching as far as the 16k area.
Should it...
The way I see it, there are 3 possible scenarios as we look to complete this rising wedge.
Rising wedges are usually bearish, but I'm 60% confident we'll see the bullish scenario play out.
I expect us to hit the small yellow box, which should mean we avoid the earliest "Death" scenario.
From there, it will depend if we can break and hold the previous high.
If...
I've switched to a 4h view to get a better understanding - Trendlines were drawn on the daily, so look a bit off, but they've served well so far.
- Bounced nicely off the lower trendline after breaking the lower BB
- Logic says we now go on to test the upper trendline (and middle BB)
- However, it will depend largely on what BTC does
- So far, there has been no...
HOT is currently testing support at 768 fib. Provided it holds, we could see a strong move to the upside over the coming weeks.
Targets set at 36, 43, and 49sats.
If the 20sat level doesn't hold, HOT could go down as far as 14sats for a 100% retrace.
Strong buy under 17sats.
Fairly self-explanatory...
- Clear cup and handle on the daily chart
- Bullish divergence on cup formation/OBV
- Currently trading in a falling wedge with declining volume
- Approaching major support level
- Fundamentals all good
- Minor resistance at 15000sats, major resistance at previous local highs
This is not intended as financial advice - let me know what...
Updated my chart after altering the fib levels. I've outlined the most likely short-term scenario based on the following:
- Justin Sun's Consensus 2019 appearance later today
- Sun Network Testnet release on May 30th
If all goes to plan, I will sell 50% of my stack at 15 sats, buying back in the "strong buy zone" before targeting the highlighted levels.
This is...
One of the best-looking alt charts right now, with fundamentals fairly strong also. Expecting it to test support at 9sats before breaking the falling wedge:
- 9sats = 100% retrace from last pump and strong support
- BTT airdrop on May 11th
- Sun Network Testnet release on May 30th
I expect BTT to break the channel before May 22nd. Targets set at 25, 30, and...
Ascending triangle signalling bullish continuation.
Fundamentals are good, with an alpha testnet launch only days away.
Technicals support a bullish run in the near future.
Stochastic RSI suggests that we may test the lower resistance again before a major run, but this is not guaranteed.
Targets set at 50, 58, and 66 satoshis.
An ascending triangle has formed and the trendline has been respected so far.
I fully expect it break upwards, targeting 52-62 satoshis.
SL set at 30 sats, in case it breaks down.
