I would like to see another re-test of the $345 support, as you will observe, all lines in the structure have been tested 3 times with the exception of this support. Usually third time is the charm, so if this holds, I expect price action to break the hypotenuse of the triangle. If it doesn't hold, we buy the bottom resistance line, in which cases the targets...
I think this could potentially be one of the most beautiful bull pennants that I have ever seen. Make sure you re-load on the re-test. This identity-focussed coin has an MCAP of only $1 billion, so it's worth adding to your small/medium -cap holdings.
We're at the bottom of the long-term (green) channel, so I opened a position.
What's my price target? I expect a high for LTC of $300 based on the previous price increase between 28-Jan and 20-Feb, which was 111%. $300 would be a 77% increase from the final low of the pennant before we broke out and a 38% increase from current levels. I expect we'll get there by the 18-April. (accordingly when I look at most charts rn, 13-April to...
Band forming a nice cup and handle pattern, beautiful rounding bottom, nice little handle. Looks just like my cup of coffee. Why is this significant? Well, it occurs when there is a price wave down, followed by a stabilizing period, followed by a rally of approximately equal size to the prior decline. ... A continuation pattern occurs during an uptrend; the...
We had a beautiful pennant, that broke out on the first of April. Since we've just been banging around in an ascending pennant. We knocked on ATH twice. The third time is the charm. Confluence with the weekly Stoch RSI is sweet. Circled the price at which I think ETH will make an excellent buy-in to hold for Q2. Couldn't be more bullish. Cautious as always though!
$BTC is shaping up to be making a beautiful H&S pattern with a fantastic buy opportunity off the long term trend line. IF (there is never any guarantees) we bounce at the support of the long term downtrend and the top of the short term down trend. I think we’ll make another run at ATH. We may not even make it down that far if we’re front ran given the...
Some clarity for those of you with a spinning BTC head. Let's flip this 0.23 fib level back up to $55k over the weekend. Chart pattern looks good with reasonable dip-buying. Let's not forget, the historic return for April is 30% (marketahead.medium.com)
Net outflow from exchanges continues, Bullish div, Falling wedge reversal pattern, Potential close on 4hr above resistance flipped to support, DXY looks like its due a dip, Recovery in alt market, A daily close above 53,400 will be awesome and hopium a green weekend. GLHF
Crypto is beginning to show some shoots of recovery from that reasonably long correction. I am basing my confidence on the bullish div on the BTC 4hourly, and the BNB pennant, which is still just about intact if one takes the bottom lower. BNBBTC is holding and I’d like to see a clean break above 0.00475. I’m still long and will add more Fiat if we have a volume...
General: Break above the 1877 (0.78 fib) - look for new highs Break below the 1669 (0.5 fib) - brace yourself for another retest of the 2018 ATH 1418 Note: If you remember the price action after the January 2018 top, you're likely cautious at this point, like me. However, given the developments in the space over the last 4 years (Institutional...
Feeling quite good about my entry at 1.8, will be adding more if retest and continues.
Daily triangle forming. If it drops support 220-150. If up 300 target. BNB usually drops to the lower side of the triangle before breaking so eyes on price action over the weekend. Neutral for now, alerts on pennant.
Looks like BNB is forming a big triangle on the hourly chart. Expect movement, I am expecting up, but stop loss will be managed. I made a small investment at the current level and will buy more, or exit, if the triangle is breached. Good luck y'all and may the binance be with you.
YFLink is a volatile coin. Potentially knocking around in a tightening triangle. Might be worth a punt.