After an unexpected rebound at a higher price than expected, Luna is begining to form an ascending channel within the already existing channel on higher time-frames This type of patterns tend to have a lot of different resolutions, instead of trying to guess which is going to happen, it is more intelligent to let it develop and enter at the boundaries of said...
After bouncing again on the lower trendline, a natural question arises, up or down? Considering the harsh correction Luna has experienced these last days, everyone would seem to agree it is time to buy. However, strength of the macro enviroment says otherwise and these are the posibilities I project short-term Scenario 1: Luna goes up. If Luna goes up, we have...
NFA After going for higher highs during an incredible amount of time, LUNA has lost its initial strength (see other posts with RSI, MACD and Volume divergencies) Short-term: We can clearly see a trendline with a pretty nasty fake-out that in the end couldn't regain the trend level. That is quite a bearish signal after the confirmation. Entering short for a pretty...
If the price breaks out of the symmetrical triangle, we should see a countinuation to the upwards trend. Some TP levels I would consider: TP 1: 79000 Sats TP 2: 86000 Sats TP 3: 93000 Sats
If next bar closes lower, we will see a downtrend at least to the 1,64$ level (being conservative, as for right now market is being indecisive)
Just Returned to the upper side of the trendline, strong movement, inside the Fibo levels
BNB has entered a bearish channel and, until it confirms upward or downwards movement (via breaking those lines or staying in the channel, respectively) the pair feels on the bearish side
Clear triangle pattern after days of acumulation, should break in the highlighted zone. Confirmation would happen if it breaks the descending purple/blue line (idk I'm colorblind, sorry) Will be posting the TP targets as it develops Would help my Reputation if you drop a like :)
ADA has been drawing a triangle the last recent hours, feels like the most natural route to take would be the downwards one, marked in red, breaking in the next few hours, although a hard breakthrough in the positive side is still posible, I doubt it... Market still asks for another correction before going upwards Reputation is needed so any like would mean a...
After breaking this lil triangle I'm positive ADA should be shooting to 1.24$ doing this for reputation so drop a LIKE :)
In a lower timeframe seeing candle patterns + fibo resistance + overbought signals + trend signals = Moners I need Reputation so if you feel this idea was somehow nice, drop a LIKE or something