EdgarTigranyan

EdgarTigranyan

Everything on the chart. Keep an eye on this ascending wedge pattern. I still believe that our price target is $2500. Check out the previous post below.

EdgarTigranyan

Hello all. On August 5th, 2022, Tesla announced its already approved, 3 for 1 stock split. Each stockholder who is on record as of August 17, 2022 will receive two additional shares of the tesla stock on August 24, 2022. As of August 25, 2022 every stock holder will begin trading with the new adjusted stock split. At the time of making this post the stock price...

EdgarTigranyan

Hello all. Looking at DOTUSD on the daily chart, we see the price of polkadot inside a rising channel, and currently sitting at a point of resistance at the current $8.75 price level. While the support of this channel is at $7.14 which is a 20% lower price, the next biggest resistance sits at $15 which is a potential 77% gain. If the price breaks the current...

EdgarTigranyan

Hello all. Here is a quick, and one of the shortest ethereum analysis I ever posted. I believe ethereum will go to $2500 and retest this level within a month or two. This is a major psychological level and corresponds with the Fibonacci retracement golden pocket. From a trend analysis standpoint we have the measured move of the falling wedge pattern also...

EdgarTigranyan

Hello all. Looking at XAUUSD we can see that our previous bearish analysis with 18% drop came to fruition, pushing the price of the yellow metal towards the 200 week EMA at around $1700. Link for that trade is posted below. The 200 week EMA provided a strong support and we can anticipate a bounce towards the $1770 price mark which is the closes resistance and...

EdgarTigranyan

Hello All. Here is a quick update on BItcoin. Looking at BTCUSD on the daily timeframe we see that bitcoin broke bullish out of the symmetrical triangle and has a measured price target sitting at around $24,750. On the weekly timeframe the Bitcoin sits right below the 200 week EMA which plays as a resistance and sits at $22,650. If the price of BTC break above...

EdgarTigranyan

Hello all. Below this post you will find my previous 20% trade on etherium with more information on the pattern which etherium broke out of. Looking at ETHUSD on the daily timeframe, we see that etherium has reached the descending line of resistance sitting at $1500. Two possible scenarios that can play out now. 1) Etherium breaks above the $1500 price mark...

EdgarTigranyan

Hello all. Despite the 100% crash in the price of the celsius network, it seems there is still hope for recovery. Here is what I think. Looking on the weekly timeframe we see a formation of descending channel and and the top of the channel sitting at $1.76. if we take a closer look on the candlestick formations, we had four consecutive bullish candles which...

EdgarTigranyan

Hello all and Happy 4th of July. Lets take a quick look at Etherium on the daily or on the 4 hourly charts. As we can see the price of Etherium is inside an ascending triangle pattern which generally is a bullish price formation. The bullish target for this pattern sits at around $1500 which is a 22% move up. However since ascending triangles can also break...

EdgarTigranyan

Hello all. Lets go for another spot on analysis on Bitcoin. On the 4 hourly chart we can see a formation of a pattern known as "adam and eve". This pattern is already playing out and even had its retest at the support of the pattern right around $19800. If we extrapolate a measurement from the top of the pattern to the base and shift this measurement to the...

EdgarTigranyan

Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of an ascending triangle pattern which is a bullish formation. The price of etherium has reached the upper horizontal trendline of this pattern and has a breakout price target of $1655. The price currently trades above the $1200 mark and above the 200 week MA. The closer the price gets to...

EdgarTigranyan

Hello All. Looking at FTX on the daily timeframe we see a formation of a descending wedge pattern which is a bullish cart pattern. We see that the price broke bullish out of the descending line of resistance and currently sits above the 21 day MA. The price target for this bullish breakout sits at $40 which is a potential 45% move towards the upside. The $40...

EdgarTigranyan

Hello all. Looking at BTCUSD on the 4hr timeframe, we see a formation of an ascending wedge which is a bearish pattern. This pattern signals a breakout to the downside with a measured target of $19,000. Levels of resistances to keep an eye on are the descending line of support, and the psychological price level of $20,000. Both levels are marked with dotted...

EdgarTigranyan

Hello all. Looking at ETHUSD on the weekly timeframe we see that etherium currently broke bearish out of the falling wedge pattern and currently hold the support at $1500. The question remains where it will go next ? Let us discuss. Now that etherium broke out of the symmetrical triangle pattern on the daily timeframe and reached its target at $1500 it is...

EdgarTigranyan

Hello all. Here is a quick scalping idea for my cardano traders. Looking at ADA/USD "Cardano" on the daily timeframe, we see that cardano is sitting very close to the resistance line of the falling wedge pattern and right below the 50 day EMA. If ADA breaks the resistance line, it sure will retest the $0.74 resistance which is 20% trade from the current price....

EdgarTigranyan

Hello all. Looking at BTCUSD on the weekly timeframe, we can see that the price is currently sitting at around 29k. This is a crucial level of support for the price of bitcoin. If bitcoin falls below 29k and below the ascending level of support (yellow line), then the price of Bitcoin can reach the 200 week SMA which sits at approximately at 21k . If this...

EdgarTigranyan

Hello all. Looking at ETHUSD on the 4HR timeframe we see a formation of descending symmetrical channel and the price attempting to reach the center of the channel to retest the descending line of support. The top of this pattern sits at $2000 mark which in addition with the bottom line of the falling wedge pattern (daily timeframe), and the fibonacci retracement...

EdgarTigranyan

Hello all. Looking at BTCUSD on the 4HR timeframe we see a formation of a symmetrical triangle pattern and the price of BTC trading above 30k once again. Let us find out where can the price go next, and what are the targets. If we extrapolating a measured move from this pattern, we have a bullish price target at $34,500, and a bearish target at $$25,200. This...