SOL has hit capitulation levels and is forming an inverse head and shoulders base/bottom. Down 94% the last year, very likely to have already bottomed in the $12 range which is a strong place to accumulate for the next bull.
We have all talked about the LTC/BTC bull div, but LTCETH is definitely a pair with confluence that is forming a powerful setup during this timeframe. What does this mean? When the divergences play out, it will be LTC with large gains simultaneously against BTC and ETH. I believe this would occur as the denouement of the current bull market so this in my view...
LTCBTC continues to consolidate in a historically low range relative to BTC. I am bringing to attention the last time we hit over head resistance in July 2015 took 609 days to the break up of the falling wedge, if you look at the most recent time the resistance was touched the formation is much the same (falling wedge), we are sitting currently on day 610 -- just...
A bottom for the year was established in July with the confirmed cup and handle followed by bull flag continuation formations that played out, with this in mind for maximum R/R, accumulation in area of price consolidation/excess demand in range of 7.0 and 7.3 - which corresponds with the right lip of the cup which represents significant support. Price bias should...
Daily Camarilla pivots confirmed that S1 support is now a strong resistance level, confirmed from swing high and bearing engulfing from weekly candle. Target for short is a test of ~7000.
Normal Bullish Movements -- Powerful increase of price supported by volume over last 11 months. Decline of price on significantly lower volume starting January 2018. Flagpole --> Bull Flag.
Touch of S3 level ($8500)on Camarilla pivot, this is the reversal level assuming trend stays bullish (decrease on lower volume). This is normal basing. MACD is still...
Multiple bottom? Will this support hold? It has never broken this line since the first week of IPO. RSI and Stoch are in areas I would consider to enter long. MACD is concerning due to the signal line crossing just only beginning a descent bellow the moving average. The key for me is that support range. If there is a clear potential for a bottom, it is here. ...
Basically closed at the 23.6% retracement. Will open on 6/24 around the 38.2% retracement -- possible bounce from there. If that if broken, then $35 is the next support (50% retrace)
I posted a case on the daily taking some liberty with the possibility of a symmetric triangle -- I determine a bullish case due to MACD/RSI/OBV suggesting a positive divergence with respect to price. In this case, I with a descending triangle, I see a channel that is forming in a possible uptrend with significant fib resistances.
No position; but accumulation on the daily as indicated by the positive divergence of price making lower highs and MACD/RSI making higher lows (and in oversold territory). Could be a bullish setup to watch. However, symmetrical triangle breaking below may indicate a continuation of the short term down trend and possibly forming the right shoulder of a (sloppy)...
Looking for the confirmation of breakout over the neckline of inverse H&S pattern, convergence of MA ribbons and support line for a fib retrace/resistance test of 13.92 by Q4 14
