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ATH

NKT A/S Inverse Head and ShouldersAn inverse head and shoulders on NKT that broke the neckline 48 hours ago. An acceleration to a new all time high took place the same day. The next day showed much of the regain reverse, which is a worry as this engulfing candle could be a reversal sign. However, watch price action over next couple of days to see how it shakes out or play it with a tight stop as the last decline of at the ATH was substantial (see yellow arrow - around 20%). If this threat gets shaken off and the momentum continues then it could be a nice run up to more new highs. The target for head and shoulders is typically the distance from the neckline to the head, so see the yellow measure of that which is added to itself to set the target. Head and shoulders are just a pattern, they don't always work out, and i'm concerned about that engulfing red candle.
OMXCOP:NKTLong
by JBlack99
Archer Daniels (ADM) consolidation to breakoutADM has been going through strong bull runs, consolidations and then continuation from the consolidation back up. This looks like another set up for a continuation up. The market has run up, in part perhaps due to the commodity price increases and is now consolidating, perhaps as commodities cool off or maybe just old fashioned profit taking at a new high. Typically these consolidations should continue up, however with commodities taking a breath there are forces at play beyond the stock itself so I'd wait for a breakout rather than jump in during the consolidation in case the move breaks down. Then consider the exit of the flag and distance to the ATH (orange line) and potential resistance in between when choosing an entry.
NYSE:ADMLong
by JBlack99
According to the last 2 cycles, the bigger dip is to happen..nowThe last 2 cycles had ATH's in the first week of December; however, the way they got there was very different from each other. According to the halvings that followed each cycle, we reached ATL 546 days and 518 days in the last 2 cycles, and each cycle took 364 and 413 days to reach that ATL from the blowofftop ATH's. That would put our projection for an ATH of BTC around Oct/November. That means we're 5 to 6 months out from our ATH... Hey, would you look at that, 5 to 6 months out from the ATH's of the last 2 cycles were massive dips. Wonder what this could mean for us this cycle? Hmmmmmmmmmmmmmmmmmmmmmmmmmmmm
INDEX:BTCUSDShort
by Ungovernable
19
BTC is playing this pattern. 20-30k to 144k by EOYWyckoff distribution being played candle by candle. It's like sorcery, the price action is following Wyckoff distribution. So BTC may hit a 20-30k as lowest low being 64k a top in the MID term. BTC may do another final top as high as 144k by November 2021; repeating somehow 2013 cycle. On the other hand this cycle may be prolonged to as far as mid 2022 extending the top cycle which would follow Stock2flow model (higher extended wyckoff distributions-accumulations and diminished maximus returns). I don't expect bear market or an insane bounce from current price to a new ATH soon. Most probably scenario is we're near the end of wyckoff distribution and about to enter a final second wyckoff accumulation. So 144k ATH 2021 EOY or MID 2022. 64k should be a mid term top. - - - - This will follow also 12345 ELLIOT wave count after ABC correction being C (20-30K). NFA.
COINBASE:BTCUSD
by diversionlulu
9
LTC back on the upswing to a new ATHIt has been a rocky week for LTC as it has moved down a good 30% from reaching its ATH. This is to be expected though in the crypto markets and nothing to really worry about considering we are still in a bull market. LTC has been trading inside a nice upward moving channel since October of last year all while mostly staying above the 50 day MA. The RSI has been making higher lows and the volume has been, on average, a lot higher since the end of March. Barring some FUD Elon tweets that could cause a temporary price dip, or a major BTC move, I see don't see a lot of reasons that LTC will not continue to rise based on the cart. I would like to see the MACD cross above the signal line on the daily chart. This is really the only bearish sign on this chart. Perhaps even this is going to change soon because, at the time of writing, the histogram seems to have turned towards increasing. This might not be the fasted play ever, but I think it is reasonable to say that LTC will be above its old ATH and at $450 in the next couple of weeks. _______________________________________________________ Thank you for reading, please like, follow, and comment! And don't forget to checkout my indicator guides below. More coming soon! Trade at your own risk.
COINBASE:LTCUSDLong
by zsamochin
2
BTC new ATH, Double top, or unable to break previous high?Publishing this idea so I can clean up my chart and refer back to this. PURPLE BOX - MY CURRENT RANGE OF INTEREST * If 03/05 daily closes above 58000 and we can't close above 61200 level, I will be shorting as 64899 was the high. * If we close above that level and continue through 65000, I will be looking to short 68000-70000 but if we get FOMO I will move up to 74000-75000. * Any higher will close and wait to short retest as I expect a drop to 40000 at least
COINBASE:BTCUSD
by paulflint
Solana reaches a new All Time HighSolana spiked above $52 today, following network growth due to investors seeking a cheaper alternative to Ethereum. The coin has since fallen back to $46. ---------- Coin Metrics: The 200 Simple Moving Average (SMA) is at: $13.0. The percentage distance from the latest SOL price and the 200 SMA is: 254.0%. A coin with a percentage distance greater than 100% can be considered to be overbought, and might see a correction in the near future. Note however, that coins can remain very far from their 200 SMA during extended bull runs. Average Candle Height (ACH) for SOL: 12.9%. Average Candle Height is calculated as the average height of all candles (high - low) as a percentage of the high price. Bitcoin typically has about 5% ACH, while large marketcap coins like Litecoin have around 8% ACH. Exceptionally volatile coins like 1INCH can have 15% ACH or more. The number of 1d candles measured in this calculation were: 279. ---------- Please like and follow if you'd like to see more of my content :)
by Evermore
SUSHI on the way to $23Since the end of April SUSHI has been trending up after it crossed back above the Bull-Market Support Band. SUSHI has consistently made higher highs and higher lows. However, it is currently bumping up against a zone that it has been rejected at many times before. Even in the time when SHSHI crossed over it failed to make the old resistance into support. If it breaks above again will this time be different? Last time SUSHI fell below the area of resistance was the exact time that BTC went from 60k down to 50k. Everything else was pretty much the same; SUSHI was in an uptrend, the RSI was making higher lows, etc. So, it seems that SUSHI is not one of those rare coins that moves independently from BTC. Therefore, as long as BTC holds, or moves up, the conditions to put SUSHI back to at least $20, and probably $23 exist. I don't think $17 is the best entry as it looks over extended in the very short term. If it falls between $15-16 I am getting in on the move back up. Thank you for reading and please like, comment, and follow! Trade at your own risk.
Long
by zsamochin