ChrisZDC

ChrisZDC

TSLA looks bearish, head and shoulder has formed and broke down the neck line, target 1=120, target 2=12, entertainment only, not investment idea.

ChrisZDC

Hello, friends, the overall crypto market remains bearish. BTC is now trading at 42K.There is a strong support around this area. There is 2 possibilities at this point. Lets talk about the first possibility. Since the crypto market is still bearish, if any bad news or continued bearish sentiment, this could bring btc down to another support level 29k. Another...

ChrisZDC Updated 

Hello, this is an update from my earlier chart. sushi been holding up strong in the last 2 days. However, the pattern is very bearish. It has formed ascending wedge. Within the ascending wedge, there is a head and shoulder. The price has broke down the ascending wedge. It looks very bearish to me. Not a financial advice

ChrisZDC Updated 

Hello, the overall crypto market is bearish. Many coins are down. BTC is 47k now. However, sushi reached 9.8 dollars today(normally, it has a good correlation with BTC performance). On 1 hour chart, it has reached a double top at around 9.8. Now, it is has some downward pressure now. Stoch RSI reached the overbought region and actually back below 80 (negative...

ChrisZDC

Hello, As you can see on the 4 hour chart, LUNA seems like it has another peak and approximately the height of the previous peak. It could possibly a double top pattern. Also the, in the chart, there is also a ascending broadening wedge. Normally, it appears on the market top, also most likely bearish. Lets say, if LUNA breaks through the neck line and completes...

ChrisZDC Updated 

Hello, as you can see on the 2 hr chart, the descending triangle is broke down. The potential target is 41k, and there is a support around 41.6k, so the target should be around the 41to 42k for the descending triangle. If u zoom in, there is also a ascending broadening wedge inside the descending triangle. The ascending broadening wedge is also bearish by itself....

ChrisZDC

Hello, after the fed announcement, the crypto market was more stabilized and had a slight rebound. Fed announced double-down on tapering, which was expected by the market. The most fear was from possible interest rate hike, however, fed announced no interest rate hike for nowbut there gonna be 3 rounds starting next year. Both stock market and crypto reacted...

ChrisZDC

Hello, guys, link has formed head and shoulder on 4 hr chart. The potential target is 13-14. As you can see, it has broken down the neckline, the price is trading below the neckline right now. I remain bearish as long as it does not go back above the neckline. There is also a support at around 13.50. If the support is not strong enough. Price can go even further...

ChrisZDC

Hi, BTC has formed a descending triangle on 4 hr chart. there is support around 41K. my potential target is around 40-42K. If the support is not strong enough, it might drop even more. The crypto is all filled with FUD right now, especially at a time of debt ceiling and fed talk incoming soon. Not a financial advice.

ChrisZDC Updated 

Hi, guys I believe btc is going downtrend. it has formed the left shoulder, the head is still in formation. the drop to the neckline might be substantial, from top of the to bottom of the head. Incase right shoulder forms, this could even bring it down to possible target 44k. The sentiment is low, especially evergrande, this morning passed the deadline.

ChrisZDC

Hi, ETH is bearish on 4 hr chart. It has formed an asending wedge, the price is at the lower channel line, RSI appears to be flat, MACD histagram negative slope, and volume seems to be dropping. A big red volume will break it down the ascending wedge. possible potential is 4k or even more, depending on how strong is the support at 4k. Not financial advice.

ChrisZDC

Hello, Mask has dropped significantly. Now it has formed a bull flag on 4 hr chart. An increase in volume can cause a significant gain. Not a financial advice

ChrisZDC

As you can see in the diagram, it looks like a head and shoulder pattern is in the making. It might rebound to make a head and shoulder pattern and then come down. If the neckline is broken, gain could be substantial. This is not a financial advice.

ChrisZDC Updated 

LTC is currently trading at 190 range. It is currently on the 4th elliot corrective wave. It has reached the current support level . If the price action honors elliott wave cycle, it might fluctuate a little between 180 to 120 range before starting the 5th elliott impulse. The 5th rlliott wave impulse is bullish . A 100% fibronnocci extention will give 320 price...

ChrisZDC

As we can see, Doge looks like it has touched the bottom the 3rd time. The neck line is around 0.34. The neck line is itself a resistance, so price target #1, and if it keeps bullish mode and break thru 0.34 and 0.44 resistance level, the potential target around 0.48, so target #2. This is based on the bullish scenario. Of course, it also depends on the overall...

ChrisZDC

Hey guys, couple days ago, I published a elliot wave cycle, saying LTC was about to start elliott wave cycle, LTC formed a falling wedge and just broke out from the falling wedge. Now we need a solid candle to stay above it. That is a good news. It might signal that the 4th wave might have completed or has almost ended and 5th wave is about to start soon. Please...

ChrisZDC

Hi, This is an update or continuation from my Oct 31st elliott wave analysis for BTC. On Oct 31st, I published that BTC was in corrective elliott wave impulse # 4 and would go down to 53k. On Nov 26, BTC has reached the lowest 53.484k. I strongly believe elliott wave # 5 is about to start soon. There might still be some fluctuation before the start of elliott...

ChrisZDC Updated 

Guys, Happy thanksgiving. Mana as you can see a big head and shoulder can be seen on the hourly chart. If it breaks down, this can be disastrous.