Technical analysis 08.07.18

BTCUSD might be forming a head-shoulder bottom indicating reversal. Volume for this pattern is on point, but what we want to see now is a high volume break of 6850 to slingshot us up to previous resistance at 7700-7800 for a nice 13% pop.

NEO finally making some moves. It broke a 2 month falling wedge at high volume, but did not manage to continue through the major resistance line. We have a horizontal resistance line at 0.0067 I personally would like see taken out before doing any major buying, with a short term target of 0.0075 (13%) and a main target of 0.01 (50% from 0.0067).

Picked up some ETC a few days ago at 0.00257. This could arguably be a huge double bottom or a bull pennanat. Exiting stuff either way. Might take some profit before it hits 0.003 for a good 15%, but my main target is around the 0.0032 (26%) level. Buying oppurtunity can present itself at slightly above 0.0026 if a pullback should occur.

EDIT BONUS:

BTS on the 4h is forming a very nice bull flag/pennant. Target 0.000029-30 (12%). Major breakout from the daily chart was a few days a go (bottom picture), which means we can see 0.000032 (20% from current level) on a longer time scale.