Not all alt-coins have enjoyed a massive run since the market crash back in March. There are more than a few whose charts suggest the best weeks are ahead.
The above 2-day chart for this project tells us previous resistance has now become support. Furthermore we have just closed a candle above the 21-day moving average. Stochastic RSI is rising rapidly with RSI making higher lows in combination with increased volume. The trend is your friend and the trend is up.
On the chart below we can see a Weekly candle just closed on the 21-week moving average = bullish
1-day Bitcoin chart -
History is poor with BTC pairs, however, no matter the exchange there is evidence of bullish divergence with volume. Golden.
The above 2-day chart for this project tells us previous resistance has now become support. Furthermore we have just closed a candle above the 21-day moving average. Stochastic RSI is rising rapidly with RSI making higher lows in combination with increased volume. The trend is your friend and the trend is up.
On the chart below we can see a Weekly candle just closed on the 21-week moving average = bullish
1-day Bitcoin chart -
History is poor with BTC pairs, however, no matter the exchange there is evidence of bullish divergence with volume. Golden.
Note
Houston - we are go... Note
wowzers - 160% 48 hours later! No rush for the exit, 3-day chart suggests this climb is just getting started.Note
240% in 3-days - wow!There's no sign of reversal yet until the 3-day Stochastic RSI crosses down the 80. Latterly there's no sign of a top because we don't have any historical resistance with which to draw a trend line - for the moment, the sky is the limit.
The 1-day chart below now shows an overbought condition, we take profits when Stochastic RSI crosses down the 80 and not before.
The 3-day chart at the top shows a RSI trend line that I expect to remain intact until the end of the year so there's absolutely no harm in walking away from this until then despite the recent blow up in price action.
Note
A drop to 34 cents might be on the cards before continuing upward and onward.Trade active
Going to be a good week for this token.Trade active
A last, 15-days of waiting until breakout - who has the patience for that?!
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.