Ripple is at an all time high. The orange trendline at the bottom has provided tremendous support in the past. If it falls right now, it may find support at this line.
RSI is terribly over-bought. I do not believe it can sustain anything further and I see a dip at the moment.
There are couple of ways this trade can pan out -
A. If it falls it may find support @...
Here is a short term trade for LTC. Currently LTC is getting traded at low volumes. Probably because of all the news in the media.
It broke out of the pennant (falling wedge) and currently hovering close to fib level 0.786. If it manages to surpass this resistance then it'd find resistance at fib level 1. Now that is close to 20 points high.
Looking at RSI,...
LTC is in a pennant; similar to an ascending triangle formation. To me this is an indication of a bullish continuation pattern. If it breaks out of the ascending triangle then you may expect a decent bull run.
That said, my trade setup would be something like this -
Buy @ 334 - 338
Stop Loss ~300
Please feel free to revert with...
Ether is currently trading in a well formed rising wedge. This is an indication of a bearish move and there are possibilities it may breach the bottom trend line (orange). If it breaches it then it will find support at fib level 0.618 (~$693). 2nd support could be found at fib level 0.5 (~$676).
These support levels could be possible reversal zones for Eth (The...
BTC bull run has been a wonder of sorts in 2017. No trader in their history of trading would have seen anything similar to this. No technical analysis can be applied to BTC movement, but despite that I'd do this TA.
The ticker is known to trade in a parallel channel. It's been in this channel since a long time and it's currently at fib level 1. It'll most likely...
This is going to be a risky short term trade. I see a flag formation in the 1 hr chart.
MACD is about to get into a +ve divergence.
The pole length is ~77 points.
In the 4hr chart MACD is still in a bullish divergence.
RSI is over bought, but my guess is it still has some room for buyers.
That said, I'd recommend to enter ~336
Stop Loss ~320
DASH has broken upwards out of the parallel channel it was trading in since the last several months.
MACD is indicating a bullish divergence.
RSI has room for more buys.
Its probably safe to go long now.
The 1st probable target from this point is ~927
The 2nd target if it bypasses 1st is ~965
Stop loss around ~873
As always, please provide feedback on the...
It appears as if BTC is getting traded in an ascending parallel channel and currently it's around the middle of the channel.
The price of the pair is hovering around Fib level 1 and the volumes are gradually decreasing.
MACD is +ve and the divergence is too high.
RSI is hovering around 83. Way to high in my opinion.
With all the above observations I'd expect to...
In the daily chart an ascending triangle pattern is visible. The price is on the verge of break out. It has accumulated and now is in the middle of a minor correction before most likely breaking out.
MACD hasn't confirmed the uptrend yet, but RSI indicates lot of room for buyers.
That said, my trade setup for now would be slightly conservative,
I'd prefer to go...
In the daily chart it forms an ascending triangle denoted by the thick blue line.
Also, I see a perfect ascending triangle in the 4hr chart (denoted by the dashed/dotted red line). The candle sticks are hovering at the horizontal line of the triangle. This is good.
MACD looks like it has confirmed the uptrend and RSI is currently at 59. I guess there is some more...
An ascending triangle formation is seen in the 4hr chart.
The green candle is on the resistance. Chances of a break out here is less.
Looking at the RSI it seems that there is room for the buyers
MACD hasn't confirmed the uptrend yet. Therefore, i think it'd follow the blue curve before breaking out.
I'd go long at the blue line. hopefully, there would be enough...
I see a nice symmetric triangle formation in the daily chart and the accumulation has happened since a long time.
RSI is high, but i think there is some more room for the buyers.
MACD seems to have confirmed the uptrend.
The candles are at the resistance line and on the verge of a break out. Watch out!
I'd like to go long around the dotted resistance line.
A tiny bullish pennant formation is seen in the daily chart . It has consolidated for long within this formation. MACD and RSI are looking good. I'd go long just when it appears to break out.
Target 1 - If it breaks out of the pennant there is a probability of it testing the fib0.618 resistance
Target 2 - if it manages to surpass the above then i am sure it'll...
A tiny bullish pennant formation is seen in the daily chart. It has consolidated for long within this formation. MACD and RSI are looking good. I'd go long just when it appears to break out.
Target 1 - If it breaks out of the pennant it'd test the fib0.786 resistance
Target 2 - if it manages to surpass that then i am sure it'll hit the previous ATH and may go...
I see an uptrend coming. MACD will confirm it in a bit, but RSI looks good. It'd be fairly safe to go long slightly above the blue trend line once the uptrend is confirmed. If it falls, it'll find support at the channel.
Appreciate your feedback, thank you.