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Ascending

Xrapid live! 2 bullish long targets + golden cross symmetryWith the Garlinghouse announcement at SWELL that Xrapid is now live, the probability of this ascending bull pennant breaking up just increased tenfold. The breakup target from the pennant is the first green target the second is the target from the breakup of the old weekly descending triangle pattern we already broke out of. One thing in particular to take note of is the current trajectory of the 50ma and 200ma (in blue and orange) and how they symmetrically match the ascending triangle pennant but also the apex of the pennant is set to occur at precisely the same time as the golden cross of those 2 moving averages. Because of this I think the golden cross can likely occur at the same time we break out upward from the current ascending triangle. We will likely break upward from it sooner than the apex with the current bullish news, but if not I foresee us breaking upward by October 17th. From there we may see a retracement once the first target is hit, or we may just have a parabolic rise all the way to the second target...I would prefer a healthy correction between the 2 targets though to sustain the gains. If we just go parabolic the whole way we may experience a big dip to follow. So lets hope for a steady non parabolic moon.
Long
by DrDovetail
1
ETH 4Hr Upper Trend Line Position | Channels & Flags | $300 Eth.Greetings. A committed learner here and I would appreciate comments. Upper trend line shows limited support at the top left start portion but sometimes despite the close proximity of the touches they still play out. We have a larger descending channel with an ascending channel moving within. This smaller ascending channel seen with purple trend lines formed after a significant impulse down, it could be argued to be a bearish type flag? Now price action is converging on a point of resistances seen within the green rectangle (trend & support) . If Ethereum can navigate this resistance then a $300 Ethereum 10.91% I feel is a possibility. Eth's gotta be worth $300 right..... As I write this an ETF ruling is due in around 9 days (30th Sept). Possible FOMO is kicking in now so this by far the most far reaching fundamental may be at play.
COINBASE:ETHUSD
by iDoji
Ascending Triangle. Bulls? Where are you?We are still under the 200ma which is a bad thing mid-term, but we have already form an ascending triangle right under a resistance line which is established at 1st of April. It's not clear enough but seems that we went through, and we now retestng the resistance line which is established from all the previous weak breakouts at 9000usd(21-Mar-18), 7700usd(04-Jun-18) and now at 6400usd! From the 3 previous deeps, we do know that we are in very very welcomed prices for the bulls, and most probable they are ready to liquidate any short in this price area. It's within reason to expect a bull move soon, and to reach our first resistance area at around 7100usd(triangle projection plus resistance line) This is not a financial advice! These markets are really aggressive, you can loose or your capital!
BITFINEX:BTCUSDLong
by UnknownUnicorn1334902
Further downside for Bitcoin expectedFurther to my previous post titled "SEEYA BITCOIN" (link below), the head and shoulders pattern has successfully reached our profit target. So where to now? It is my opinion that we are to see further downside. The momentum has clearly shifted and the last of the bulls are hanging on, only to be crushed each time. The last stand for Bitcoin is now. Unless there is a super bullish candle with a spike in volume, we can expect Bitcoin to reach lows near the $5,000. We can see on the chart now that Bitcoin is forming an ascending channel. Do not be fooled. This pattern should not to be taken as a new bull trend. It appears to be a correction only - until proven otherwise! Should this channel break, this is the time to add to short positions. A projected interim profit area is shown near $6,745. Please give this trade idea a THUMBS UP and I will keep you updated! Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
BITFINEX:BTCUSDShort
by hedgewithcrypto
1
Bullish divergence & potential reversal pattern on the 4hr chartWe are seeing the bulls put up a nice fight and also bullish divergence on the 4hr chart. We are also seeing a reversal pattern of an ascending triangle in a downtrend. Because the triangle is ascending it has a bigger chance of all of the continuation patterns of breaking up in a downtrend...however as a continuation pattern it can also break down sometimes...this coupled with the bullish divergence on the 4hr suggest we may break up...in doing so we will have formed our higher low on the 1day and our lower low on the 4hr chart finally....both bear and bull possibilities have decent probability so until the breakout I'm neutral.
BITFINEX:BTCUSD
by DrDovetail
Bitcoin BTC Ascending Triangle present: The Return of the BullsThe stars and the planets are lining up with the 6th of the month and this GORGEOUS ascending triangle that will rally beyond 8k. We are looking for a rally to start this Friday evening. So get your tickets for "Return of the Bulls." We are just waiting for confirmations. As long as this ascending triangle doesn't move away from this pattern, we are good to go. If a whale sells a large position, it could break this triangle so I am putting super tight stop losses but going long all the way. Note my overall tone is still bearish midterm but bullish long term. Do you agree? Disagree? Comment below. *** This is NOT Financial Advice. Do you own research before you invest your hard earned money ***
BITFINEX:BTCUSDLong
by dreamsound
Impending death cross on 4 hour chart. Bear signals everywhere.As you can see each time we tested the top of the ascending broadening wedge(a pattern which usually breaks down) the price action was rejected, and once the wedge ran into the top wall of the descending channel the support of the t line could no longer prop it up causing the current breakdown from the only bullish thing we had going which was the bull flag. Now that the only bullish signal has broken down only bearish ones remain and as you can see on this 4 hr chart the 50ma(in orange) is about to cross under the 200ma (in blue) which creates a death cross which is very bearish and indicates the path of least resistance is to the downside. Hopefully, the 50ma on the 1 day chart will be enough support to once again bounce us back upward as it has done the last 2 times we tested it but even if not, as a firm believer that we are still just creating Eve's handle in this descending channel, I think the worst case scenario drop wise would be 7350 but we will more likely bounce back at 7500 or even 8000 before dipping that low. A smart move here would be to set a buy in a pip above the 1 day 50 ma with a stop loss a couple pips below it should it not hold support this time. From there maybe do the same thing with 8000 and if it breaks under that try it again at 7700 and once more at 7500. I would simply buy the dip if it somehow drops under 7500 but in the unlikely scenario that it goes under 7350 I would exit completely because if it does that it will likely be crashing much further...a scenario I find highly unlikely. Best of luck with whatever strategy you choose for yourself, this is simply my strategy and not meant to be taken as financial advice. Thanks for reading and good luck.
BITFINEX:BTCUSDShort
by DrDovetail
btc now inside an ascending broadening wedge.The rising wedge it appeared we had broken down from simply morphed into an ascending broadening wedge which also tends to break downward. We are currently near the top trendline of that wedge and with the other resistance lines teaming up with that wedge line of the 4hr 200ma (in blue) and the top trendline of the descending channel odds are good the price will be heading back downward to retest at least the 4hr t-line(in yellow) or also likely it could go back down and test the bottom trendline of the ascending broadening wedge. I was hopeful that when we turned things around before reaching a lower low that we had formed a higher low on the 4hr chart which would be a very positive sign, but once it became clear that we were still just consolidating inside an ascending broadening wedge pattern that higher low is really just considered inside bar consolidation and not a higher low after all. For now, even though ascending broadening wedges tend to break downward, I'm flipping my stance to neutral because all it will take to break upward is some sort of mega bullish news from the Consensys meeting currently underway. . .and we've already heard that Microsoft plans on using the lightning network.
BITFINEX:BTCUSD
by DrDovetail
1