I made this educational analysis for someone that requested in this idea:
Well let’s start working down from the big-time frame chart to a smaller time frame.
The weekly chart:
First, you see that the price is moving above the 50 periods moving average, but the question now is: will the price stay above the 50 periods moving average. It’s kind of hard to...
There has been good news going around for XRP, Skrill has added XRP to their platform, which is great news because Skrill allows payments and money transfer to be made through the Internet and they are mainly focused on low-cost international money transfer. Skrill is regulated by the FCA in the UK and bound by EU monetary directives, so Skrill has a pretty good...
There was some FUD going around with EOS, that Daniel Larimer, was going to leave EOS. But 2 days ago, somebody posted a picture on Reddit, that Daniel Larimer is not going to leave EOS. I don't know if all these claims are true or not, but it will have some impact on the price. The price dropped down and this could be the results of the FUD news that was going...
In the last couple of days, you see that the price moved in a consolidation pattern, which is the falling wedge. Now the question is, in which direction if the price going to break out?
Well there are a couple of things that could indicate that the price is going to break out to the upside
1. The price is at a support line
2. The last candlestick ended up in a...
So a few days ago ETC suddenly went up in price, you would have made a huge mistake if you bought it after the bull run. Congrats to people who have bought it before the bull run. But it’s still not too late to step in ETC.
As you can see on the chart, the price is retracing back to the origin of the movement, where you’ll find a support zone. Another thing that...
After a long period of retracement, you see that the price is now making an uptrend. You see series of higher lows and the price is above the 200 MA. Beside this, you see that the price completed a continuation pattern, which is the bullish flag. So I highly expect that XRP will rise anytime soon.
I already entered my trade at (7012). On the other hand, there are...
So you’ve seen that there was a small uptrend in the whole crypto market. Now if you take a look on the daily chart, you see that the price of XMR is retracing, according to the Fibonacci lines the price is still above the 0.5 and 0.618, which means that the uptrend is still going on.
Now if you take a look on the 1-hour chart, you see that there is a trend...
You know that XRP made some crazy move the last days. But if you were to late to enter the market, you know that you just can’t go totally FOMO and randomly buy XRP. The last few days you see that XRP was making an retracement. There are a view reason, that the price might bounce back up
1. The price is at the 38.2% Fibonacci line
2. The price is at the uptrend...
So on the 1-hour chart you see some pretty interesting patterns. First of all you see that a rising wedge is forming. It is likely that the price is going to break down the pattern, because the prior trend was going down. Of course you need to wait out until this pattern is completed.
The next thing you see that the price is forming a double top in a resistance...
So on the 4 hour chart you see that the price is at an area of sellers, it is near a resistance zone. The price can still move inside this resistance zone for a little bit, but the most common rule you in trading is: selling near resistance and buying near support.
There are also extra indicators that is telling us that the price may bounce back down from this...
So on the daily chart you see that the price is close to a support zone (orange zone), where a lot of buyers are. This means that we can look for any opportunities on a smaller time frame.
On the 4 hour chart you can see that the double bottom is forming, so we can’t act on it yet. But what we can do is setting up a possible trading plan:
Long position (4-hour)...
Ohhh boy everyone is waiting for the decisions about ETF and it is either going to have a good or bad impact on Bitcoin. But we maybe can say something about the ETF with the charts.
On the daily chart we see a couple of signs the bears are getting more control and maybe eventually is going to win:
• Candlestick with long upper shadows, which tells us that the...
The overall trend of ZEC on the daily chart is still going down. Also on this chart we see a completed descending triangle. Also we see that there is a little retracement to the resistance line of 0.023912, now we need to see if this resistance line is going to hold. So let’s look on a smaller timeframe.
If we look on the 4 hour chart we indeed several things that...
On the daily chart you see that the last few candlestick has a small real body, which tells us that the bears are losing steam. Still we are in a downtrend as you can see on the daily chart.
Now on the 4 hour chart we see that the inverse head & shoulder pattern is completed, and on the 1 hour chart you see it better. This pattern is completed and tells us that...
On the daily chart of NEO you see that the sellers are losing control. You see 2 bullish engulfing pattern and a decent hammer pattern. Also we see that the price is in the area of buyers (Supply). Now the question is will the buyers take over control and push the price through that downtrend?
Now on the 4 hour chart we see an inverse head & shoulder forming. If...
On the daily chart we see that the BTC is rising up lately
At the 1 hour chart we see a continuation pattern is forming, the ascending triangle, but it is not completed yet. Also we see that the continuation pattern is forming at an area of bears (Sellers). So the question now is will the bulls slaughter the bears on this area? If they do our next daily target...
Lately we have seen that bitcoin is rising as a rocket. Now bitcoin has reached an area (orange), where there are a lot of seller. The question now is will the buyers push the price through this area? Yet I don't see any signs on the charts that gives us an indication that the upward trend is going to be declined. We maybe see that on the 1-hour chart that a...
On the daily chart we see long lower shadows, which tells us that the buyers have a bit more control than the sellers.
At the 4 hour chart we see that the price is close to a support zone. The sellers tried to push beyond the support zone, but the buyers immediately pushed back above the support zone. Besides this we also see that the last few candlestick ended...
