I will hold on to my OMG for now. I think it could be on the verge of a pump. I put in rays for the 24 hour high and low. I want to look back tomorrow and see what the price does.
Just a quick TA of Siacoin. With crypto, it's so difficult to predict because the news articles influence the price so much. I think a good buy in point would be 106. I just sold at the peak at 117 and am hoping to accumulate more coins through this day trade.
I'm going to go ahead and say that STEEM is at a good entry point at the moment. There's a couple things that lead me to believe this:
1. The market has taken back over 80% of the high point (fib retrace).
2. The 30 day moving average is flattening out and looks like it will start sloping upward.
3. There seems to be a bottom line horizontal support for the price...
Just made this one to use as a learning experience. I believe I've got three indicators that suggest the price should drop very soon, but stay inside the channel. The indicator on the RSI is not very strong.
My support line drawn under the candlesticks could be argued as biased... None the less, I think the previous resistance line has now become a support line. Missed a good opportunity to buy when the MACD lines crossed last and the RSI broke through. Good learning experience on this one.
Watching for the MACD lines to cross the zero line. Also waiting to see if the RSI breaks through the line of resistance. Looks like some action could happen in the next few hours.
Looking for a breakout in a few hours with Verge. MACD line is approaching the zero line. RSI line is testing the ray. Volume is slightly above average.
Either BTC will bounce off the support line or crash down even further. If it does crash further, I look for it to bounce off the black support trend line down in the RSI chart.
Price action, volume, RSI, and MACD all indicate the massive sell off we just witnessed. Making a wedge with the support and resistance lines, I speculate that later September, the price will be at a good entry point as indicated by the yellow ellipse. The blue line on the RSI also seems to be of significance. Not sure at the moment what that line is telling me,...
I would say that around $48-$49 would be a good entry point for LTC at the moment. This is my first attempt at TA. I will see how it goes and then reflect on it in the coming weeks.
