XVG has seen a huge pump in the last couple days with all the news and crowd funding. If volume stays up and we don't break the support level we're at, XVG could break out of this descending triangle, continuing it's bullish drive upwards. If we break out downwards, we can expect a bit of a bleed out, depending on the price action of BTC in the next coming...
It looks like BTC could be forming an H&S (it's a bit lopsided), but inside that we are forming a small bull flag. If buy orders pick up we could be testing 7200 - 7400. If it is denied we'll see a continuation of this downard trend and we'll bounce lower once more.
QLC is forming an ascending wedge triangle. If BTC stays on the up (I'm predicting we're testing 8k in the next 48 hours), We can see a preliminary target for QLC. Happy trading!
Looking at the depth chart on GDAX, I'm seeing a huge what looks like artificial Sell Wall at $9000 then a staggered smoother incline up until around $10k. Anyone else see this as an indication that there will be a downward deflection around $9k - $10k, looking for another bottom?
