EVE - Oversold play, 2p targetAs with the other ideas (ONC, ORM), we've got (i) price on the lower BB (weekly) with bands narrowing (usually suggests volatility incoming); (ii) RSI at 24 (oversold); and (iii) POC at 2p, all signalling oversold conditions and ripe for a bounce. FA: market cap 3.5m vs last reported cash at £7.8m, so not even valued at cash and nothing included for the business itself. Last update suggests a tentative recovery and next update is 24 March 2020. If positive again, price should react favourably. Last director purchase was at 2.2p. Short term target of 2p (although like ONC and ORM, this will be front-run ;-))
Eve
Double creux en Adam & Eve La figure en Adam & Eve est matérialisée par un creux étroit (Adam) suivi d'un large creux (Eve). il est conseillé d'attendre la confirmation de la cassure de ligne de cou (rectangle mauve) avant de prendre position. Il y a également une certaine probabilité que le marché réalise un throwback sur la ligne de cou après la cassure.
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IIPR Adam & Eve Pattern| Bull Flag| Bull Volume Needed!Hello Traders!
Today’s chart update will be on IIPR which has a potential bullish pattern playing out – an Adam and Ever reversal formation that will be confirmed by a break of structural resistance.
Points to consider,
- Bullish pattern coming to fruition
- Structural resistance to break
- EMA’s supporting price
- Stochastics in upper region
- RSI trending up
- Bull volume required
IIPR’s Adam and Eve will be confirmed by a break and a close above current structural resistance, price is now consolidating near this resistance in a potential bull flag, a hold of this level will mean a confirmed S/R flip.
EMA’s currently supporting price, needs to hold true when key levels are broken for a continued bullish bias.
Stochastics is trading in the upper regions, can stay here for an extended period of time, however lots of stored momentum to the downside. RSI as of now is respecting its uptrend, a break of its line will cool it off to neutral levels.
Bull volume needs to come true in this current bull flag otherwise this whole set up will be negated, we have notable bear volume as of now.
Overall, in my opinion, that chart will be confirmed bullish once structural resistance is broken with confirmed bull volume. IIPR does have bullish formations but are not confirmed as of yet.
What are your thoughts?
Please leave a like and comment,
And remember,
“Ultimately, consistent profitability comes down to choosing between the discomforts you feel when you follow your plan and the urge to let yourself be captures ( and ruled) by your emotions.”
― Yvan Byeajee,
Monero Prolonged Adam & EveMonero has broken out from a prolonged adam and eve setup. Simple chart. Simple trading pattern.
Adam and Eve pattern should put as near $8,600!Long story short, I expect us to make it all the way up to $8,600 based on the current Adam and Eve pattern, along with building bullish strength in the price action and volumes levels.
The price target is right at the upper end of a few of the upper price channels over the last 6 month, and right before we hit strong short term resistance.
I plan on taking 10 to 20 % profits depending on GBTC's premium at the time.
Bullish confirmation came in.Remember what happened earlier...
1. We have been continuously defending 7200 pivot,
and all the shorters in the world couldn't bring us down to 7100!
2. All previous bearish moves, all consisted out of typical correction forms
which proves that bears finally lost their power.
Bitcoin is now considered cheap if it is sold at 7200.
3. We have been experiencing a prolonged flat around pivot 7300.
This flat accumulated a lot of orders, both sell and buy.
Nevertheless we rocketed up to 7550 and even then! We didn't fall
(as we certainly would if the bears were strong).
4. Now we can observe a little slide back down to 7350,
defending the 7400 pivot. If this flat will continuously bounce around
7400 pivot(7387-7425 levels), then It becomes clear,
that big players are no longer shortening!
A few hours 'till the asians wake up at 00:00 UTC and we will definitely
see a lot of volume kicking in.
There may be a pump up to 7600-8100 or a bottom retesting at 6900.
In any case here it comes!
Adam & Eve Bottom - Do we continue lower?For the first time we are starting to see some signs of sellers getting exhausted and bulls starting to add pressure. Some are calling for a possible "Adam & Eve Bottom" - but where is all the volume? The new money? adoption!
With the small size and relative lack of liquidity in the BTC market - it can be easily manipulated by insider trading desks at exchanges, "whales", or supposed institutional players like Bakkt, CME, etc..
But what is the reality?
Bitcoin can go to zero.
Right now a vast majority of the coins, 11 of the 18 million in supply are being HODL'd hard and have not moved since 2014..
LONG - SONM - Trading OpportunityAdam & Eve pattern, this rounded bottom looks done and safe enough to jump in.
Entry: 0.00000215
Target 1: 0.00000236
Target 2: 0.00000258
Target 3: 0.00000284
SL: 0.00000201
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