ErnestEA

ErnestEA Updated 

Using the TD Sequential strategy, there's currently a TD 9 (sell) on 1h, TD 13 (sell) on 4h, and TD 13 (sell) on 1D chart. Not to mention, the gap has been filled and a hanging man candle is present on the 1W chart. I have set a stop loss at $319, because a high volume breakout through the recent high at $318.50 would mean that it is no longer a potential double...

ErnestEA Updated 

1. Using Gann Fan to identify major support/resistance area, IOTA bounced at an intersecting point indicating a strong support area 2. Bullish RSI divergence is being formed on the daily chart. Price is forming a lower high while RSI is forming a higher high 3. Symmetrical triangle is being formed indicating a breakout soon 4. Using Tom DeMark Sequential on the...

ErnestEA

Falling wedge starting to form, indicating a reversal with the bottom of the symmetrical triangle acting as support.

ErnestEA

Yesterday, we saw NANO completing a full correction as it tests the 0.786 fib level and forming a double bottom slightly below the 0.786 fib level. As of now, NANO broke the symmetrical triangle and is forming a falling wedge but the bulls are fighting hard, creating a local upward trend line within the falling wedge. We're still waiting for a volume increase to...

ErnestEA Updated 

Hello everyone. In this 3 month long bear market, every single coin out there had retraced to 0.785 fib level which is considered to be a full correction and later bounced off. SNT is one of the few coins out there that haven't bounced off yet from the 0.786 fib level making it a great coin to get in as chasing pumps in a bear market is highly dangerous. We also...

ErnestEA

As we can see on the chart above, BTC is forming a symmetrical triangle pattern. We see 3 lower highs and 3 higher lows. On top of that, a failed breakout occurred which formed a bearish double top pattern. As a result, BTC dropped to test the support trend line once more. The upcoming few days are very important for BTC, it'll have to decide if it'll bounce off...

ErnestEA

Aeron had a sudden surge in price with over 400% gain over the course of 3 days then dropped over 50% in a night. While a bearish descending triangle was formed which indicates a downward trend, it bounced off of major support level and bounced out of this descending triangle. With the breakout of the descending triangle, this shows that the bulls are once again...

ErnestEA

XVG is no doubt the coin of the month. The amount of hype surrounding it with it's Wraith protocol feature caused a huge amount of spike up and also down. This is definitely the coin with the volatility and the volume you'd want to trade with if you like to take risks. Due to the amount of FUD caused recently by YouTube and Twitter celebrities, the price of XVG...

ErnestEA Updated 

A bullish pennant is formed once again, similar to the one a few days ago that brought us to $70. Bollinger Band squeeze indicates that it's consolidating and we're looking for a breakout sooner or later. Buyers and sellers respecting the bottom trend line is a very bullish sign as now we have support at around $62 level.

ErnestEA Updated 

This was a TA that I've done a few days back. it seems that IOTA is following and bounced off the bottom trend line as expected, hence the massive growth in price at the moment. If the amount of volume stays consistent and this trend continues, we're very likely to really make it to "$10 before Christmas" as some people had once said. If we break through the...

ErnestEA Updated 

Interestingly, after an intense rally up to $31 last night, BITTREX:QTUMUSD seems to be consolidating pretty well. It's always hovering above $27 USD which serves as a support level at this point. Here, we can see that a pennant is forming hence the spike in price when it broke out but dropped back inside due to low volume. It's going to be interesting to see...

ErnestEA Updated 

We have successfully reached our target of $4.90 yesterday and BITFINEX:IOTUSD had immediately retraced back to $4.45 level. There's no need to fear, as we're still on a general uptrend. Notice the higher lows indicated by the green arrows on the chart above. I feel like this is a bear trap, so please, play smart and play safe. As of now we're testing the $4.45...

ErnestEA Updated 

The amount of novice trader panic buying at the all time high indicates a very strong resistance point at $5.5 as everyone is trapped there. A second resistance point is at $5.15 when we failed to break it on 12/6 and 12/8. A third resistance point is at $4.45 where we have successful passed and broke out on 12/7, but failed to breakout on 12/10. As of now we're...