Adam
ICX - Cup and Handle after Inverse A/E? 400%+?!🚀🚀ICX on USD charts is looking very interesting.
Seeing basically a very bullish version of an inverse A/E into a cup and handle; this pattern seems duplicated on various other charts which have already broken out recently.
Very bullish indicators and the lack of substantial retrace as it holds this relatively high level likely signals we're heading upwards from here soon.
Ethereum in the futureRight now Ethereum seems to have broken the downtrend and by that closed the peak. Now it seems to be going to test the larger downtrend around 1010 EUR level. From that it will either break the triangle and test the 1080 EUR level. Alternatively if it gets rejected by the downtrend, Ethereum will probably break its long-time uptrend, forming Adam&Eve pattern in the process, that will carry it all the way down to the 810EUR. Choppiness index and Stochastic generally agree on the current uptrend towards 1010 EUR.
LONG: Adam & Eve forming on the 4h?From my analysis, it looks like an A&E is just breaking out on the 4h BTCUSD chart.
Putting the stop loss at the Kijun could would allow for a 6% pullback before getting stopped out. While the target (computed by measuring the hight of the Pattern) is at 15% percent and above the previous ATH.
Risk/Reward Ratio: 2.4
On the other hand, a H&S pattern could be forming on the daily. Which makes this trade too messy for me to enter. Or maybe only once we near ATH.
This is not financial advice, just an observation.
Watcha think? Would you take this trade?
ETHUSDT 1H long; Adam&Eve, Ascending Triangle and falling wedgeTA Explained
ETH looking really bullish atm. let me show you. First of all we have a falling broadening wedge breakout:
Second we have an ascending triangle which indicates a trend reversal. A trend which wasnt really a trend of course more like a pullback/correction it seems.
And finally we got this Adam&Eve reversal pattern.
So all together we got some bullish signs here. Lets try to get in on a retest of the broken resistance area
Trade setup
Best entries: 1087.77 - 1136.82
TP1: 1226.27
TP2: 1305.73
TP3: 1505.09
SL: 1037.22
RR: 5.25
Max leverage: 3
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Litecoin continues towards the 180USD markIn my previous post I have outlined the possibility of Litecoin forming Adam&Eve patern on 4 hour charts. I believe that when the price hits 170USD, there will be a small retracement to the 162USD mark, then the faith in the newly recovered Litecoin would carry it to test the 180USD mark.
Total Market Cap A&E BottomTotal Market Cap A&E Bottom
Here in the 2Hr chart we have an Adam & Eve Bottom formation.
As you can see in the MACD below price circled in red there is a looming cross into bullish territory. You can see the upward trend here as well.
Below that in the DMI Directional Movement Index circled in yellow highlights the fact the the positive buying pressure ( blue line ) is in a strong trend @ 73 indicated by the red line.
The RSI in the bottom also is in a uptrend. It sits at 58 ATM. 70 and above is considered bullish.
There is also an inverted hammer that stretches' up to the sky