Under normal circumstances Cardano would be working on the right shoulder of an inverse H&S pattern that forcasts a 3-% gain from breakout above the neckline and a 60% gain for those brave souls prepared to load up their bags early! Am I taking this trade right now? Hell no. The market is still fundamentally bearish and BTC setting it's sights on a revisit of...
Dash is showing multiple signs of winning the tug of war with the bears which has pulled it down to prices not seen since mid-December. Historically when Dash has fired up the after burners it delivers dependable triple-digit gains in under a week. Price action has just moved out from decending overhead resistance from a falling trendline and the 20 and 50...
Dual developing bullish chart patterns are working together to push LTCBTC higher. A clear cup and handle formation is nearing completion with a potential 11% target, should price action rise to break out above the 0.0221 level. Adding to the likelihood of the pattern maturing is a text book bull flag with a target that promises to push price to 0.020877,...
Agrello (Delta) has a history of fast movements, usually making 80-100% movements in less than a day once the sky becomes clear. After a loooooong downtrend from it's all-time high, the coin appears to have finished retracing from it's March 11 100%-gain inside bar breakout and broken bullish above it's downtrend resistance. As I write this it is testing...
As you can see, the target for my head and shoulders from my last idea has been hit. ETC now finds itself in an equilibrium pattern with bullish divergence on teh RSI and MACD and target of the last broken resistance level above for a quick 8% trade. Always possibility of further move down and pennant bearish target below so watch for the breakout / breakdown...
ETC has been suffering following the news Bittrex won't support the new coin following the upcoming ETC Callisto fork. Right now it is: Under the Ichimoku cloud Under the daily EMA100 moving average Under overhead resistance Under the neck line of the recently completed bearish head and shoulders pattern. Taking the height of the H&S we can find a new...
Historically BTC typically produces a strong bounce in response to an encounter with the 100 daily MA. Well, with the correction from the recent market climax it blew right past the 100MA and has now touched the 200 MA for the first time since the Great Flash Crash of 27 May, 2017 (yep, that seems like years ago). And you have to go back almost another year to...
Clear bear flag combined with bearish indicators means we're about to head south 20%+ to revisit the $9K level. Will we see a double bottom and trend reversal? Time will tell! Great time to step sideways to fiat and profit on the way back up. Buy back zone $9000 - $9500 Potential Target = $12,000 (34%) on way back up
After the recent run up to 0.00008500, Agrello slipped into a bull flag pattern which has now tightened into a pennant. Based on the initial pattern and the recent return to bullish sentiment, it looks good for a break out to the upside. Still well under the ICO price of 0.00011, there's plenty of scope for this coin to go higher. Target 1 = 0.00009...
EMC2 has been one of the best performing cryptos this year, and despite being locked in a brutal down trend correction for the last 20+ days since it's ATH, appears set to give traders another nice 40%+ pay day. The crypto has found support on the 0.786 Fib line and just broken above it's closest downtrend resistance line. If this movement holds it has plenty of...
EMC2 has been one of the best performing cryptos this year and looks set to bounce at least 40%. It's been locked in a brutal down trend since reaching ATHs on Dec 7 and shaved off 70% of it's value. Today it appears to have found support on the 0.786 Fib level of the previous run up and is eyeing a solid 40% gain at the 0.618 line where it will again encounter...
BTC is poised to either confirm a possible bear flag continuation signal of the recent corrective down trend or acknowledge it's current support line. If the former scenario plays out we can expect a further move down to either the $8000 or $9000 support levels. $8000 will mean a 100% retracement of the recent surge. The latter scenario has in it's favour the...
DGBBTC is stairstepping down in response to the bullishness of BTC. Each time it contacts its current bear support line it moves sideways and up until it encounters overhead resistence. If the pattern repeats a third time we can expect a move to 200sats before another fall lower. Everything, of course, hinges on the activity of BTC right now, but so long as...
Waves has tested resistance a couple of times at the $5.20 level and needs to decide if it will break out above this level and follow a new uptrend support or fall back to lower support at $3.25. Typically wedge patterns often resolve at about the 2/3rd mark which is about where the chart sits right now.