We are in a falling wedge (light blue lines) which is a bullish reversal pattern.
its pretty simple, if we break out and close above the blue line then we will most likely test the next resistance trend line (yellow) at around 8200. In my opinion, if we reject from the blue trend line, a lower low is incoming and a similar reaction will happen if we cant break...
A diamond reversal is when a broadening wedge turns into a symmetrical triangle. I suggest googling it since it is rather rare.
I am not an expert, but if you do some research as to what these usually look like... we might have one here.
This being on the daily timeframe means the reversal could be a strong one.
Look for a close above the upper right...
You can see we are forming a bear flag, but there are a couple of potentially bullish signs in the indicators.
1) Look at the RSI. You can see BTC is becoming less oversold even though the price continues to descend. A sign of bullish divergence.
2) Bear volume declining while the price is still traveling lower. This is a good sign although a break to the...
It looks like an inverse head and shoulders pattern is forming for OMG/BTC. We need to close above the neck line which could bring OMG to the target shown.
1d linear chart AST/BTC Binance
EMAs: 20, 50, 200
Indicators: RSI, MACD, 3 EMAs, Fib, TD Sequential, Volume
We need solid volume before AST can break the downtrend.
What are your thoughts?
The chart speaks for it self with the NEAR daily mac d cross following a double bottom but is also backed up by some good news. AirSwap is an incredible project that focuses on a peer to peer exchange of tokens on the etherium block chain. It is a decentralized option to the vulnerable centralized exchanges like bittrex, coincheck, binance... Their first public...
1d log chart BTC/USD Coinbase
EMAs: 20, 50, 200
Indicators: RSI, MACD, 3 EMAs, TD Sequential, Volume
Volume on the Bitfinex chart is a more accurate representation.
What are your thoughts?
12hr log chart BTC/USD Coinbase
EMAs: 20, 50, 200
Indicators: RSI, MACD, 3 EMAs, TD Sequential, Volume
Volume on the Bitfinex chart is a more accurate representation.
What are your thoughts?
Hi all, my previous idea predicted the red dotted line was the base of a double bottom reversal. After what looks like a fakeout to the downside, we have returned to the dotted line as support.
On shorter term time frames it looks like we have formed an inverse head and shoulders reversal pattern. This is further evidence the dotted line is the short term bottom...
