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ETH/USDTETH/USDT just formed HEAD AND SHOULDERS pattern on 2hours chart and successfully broke its neck line. We might see a bearish target of around 350-360$ zone, if ETH breaks the macro trendline holding as support at 400$ level. Furthermore, we are also finding bearish crossover on SMIIO and Strong beaish momentum via AO. Hope you guys find this helpful. Do show your support.
IOTA/USDT Head & Shoulder Formation- IOTA/USDT after a good rally, now at the top its forming Head & Shoulder pattern.
- This kind of pattern is normally formed on the TOP of the market after a rally.
- Wait for the Price Action when it touches the NeckLine of the pattern.
- Breakdown with volume will confirm that the down move or correction started.
Target for downside = Height of Head
LINK/USDT Bull Flag/ Channel Formation-LINK/USDT is forming Bull Flag/Channel.
- Volume is following the Bull Flag/Channel decreasing volume with Price which indicates Moderately Bullish & weakening downtrend.
- Sell Pressure is good bulls waiting for bears to exhaust.
- RSI is giving early sign of breakout but for confirmation we need candle close.
- If this pattern plays out and it break out, expect a rally to form new HH.
BTC/USDT , A potential Head and Shoulders Pattern on 4hr chartBTC/USDT , A potential Head and Shoulders Pattern on 4hr chart
Current Price : 6280$ with slightly bullish undertone till 6700$, Go Short at 6650$.
Levels to Watch:
Above 6700$, H&S Price Pattern gets invalid and Price may Jump to 7400$.
Below 5900$, Price may reach another low 4200$.
Bitcoin Retraces But What About The Altcoins?We know many of you are really interested in the smaller altcoins...
The altcoins market continues to grow stronger and in bullish potential, here is what will happen next.
Now, before we get started, it is always necessary to make this small but very important distinction when we talk about Altcoins.
Conventional analysts here talk about Bitcoin and Altcoins.
When they say Altcoins they are mainly referring to the big ones, the TOP10: ETH, ADA, LTC, TRX, BCH, EOS, XRP, USDT, BNB, and XLM...
(Not necessary the TOP10 but those with the biggest market cap.)
When we/I/us mention Altcoins, we are always exclusively talking about ALL ALTCOINS minus the TOP10.
When it comes to market capitalization and the bullishness of the market, we have to separate these bigger altcoins from the smaller ones for two reasons:
1) These bigger altcoins move together with Bitcoin (Bitcoin is now dropping strong, these as well).
Normally, we tend to see altcoins detach (move inverse) to Bitcoin in a bullish cycle... Right now, you can see the Binance and Bittrex altcoins growing, as well as those on other exchanges.
2) They do not behave as the smaller alts.
So we can see the altcoins chart (TOTAL2) full bearish and going lower while "the Altcoins Market continues to Grow" .
Even with that said, they are still producing higher highs and higher lows, meaning that the entire market is now in full bullish mode.
What Happens To The Altcoins?
As I've said many times before, this is only the beginning.
Feel free to buy up on your favorite pairs.
Feel free to take your time to research, make your choice, buy and hold.
The cryptocurrency markets are very likely to grow for years to come.
This is Alan Masters...
Thanks a lot for your support.
Namaste.
BTT USDT Daily price action forecast BINANCE:BTTUSDT
BTT USDT Daily price action forecast
Am i right?
ili