Pretty clear TA here on this one. An ascending triangle and an Eve&Adam reversal. Three possibilities in play: 1) We break above (blue) 0,07 mark and stay above to confirm this Eve&Adam reversal 2) LINA stays within this ascending triangle and move up after another drop to the yellow uptrend-line 3) Worst case, we break through this ascending triangle and test...
We might have a potential CwH on Enj, zooming to 2h makes it bit more obvious and clear. Fibs do the rest. Let's see how this one plays out in the next few days! No financial adivce First Target @ 4 Dollar (ATH) and rest at Fibs 1.618! Good luck :)
Well if this is not the most perfect cup with handle in the history of trading with a successful breakout, I am not sure what is!
So we had a strong breakout of the handle, nevertheless, the selloff was pretty strong either. An ascending triangle is forming, same target and same play. As long as we stay above the yellow uptrendline, this is fine. ENJ needs to break and hold 3.3 Dollar to see further uptrend to reach the 4.2ish!
Crypto Market looks better than ever, few news on BTC with huge impacts! BTC might needs to cool off a bit, before ALTs push higher with the moneyflow from BTC profits into ALTs. AAVE is a very solid and good project, TA wise we have two important resistances in red and a bullish descending broadening wedge, as you can see on the image and chart. If AAVE breaks...
I do not know how you like your Cup with Handle, but i like earl grey with a slight shot of lemon in the morning! Let's see if ETH breaks the resistance and ATH, if ETH breaks above and holds this level, we will have a very strong bullish move further to the North. As we all know, BTC is the main player, but there are alot of bullish signs in BTC and ETH. Next...
MORPHOSYS had a very strong sell and decline within the last months. Many reasons, two are more important: The cancer drug "Monjuvi" is in delay and apparently there have been troubles in the scientifical research. Secondly, Constellation Pharmaceuticals bought MOR for billions of dollars, a takeover that did not effect the price-action in a positive way. These...
XVGBTC broke out of the falling wedge, targets as green dots given. Might give a retest of the downtrend line before we XVGBTC goes higher. 66-69 buy-area Not a financial advice
A high velocity rise leading to the pattern often results in a larger decline post breakout... IF price closes below the yellow line, I expact a higher sell pressure and a mid-term retracement to the green dotted line. We are still further away from a possible short position. Both shoulders should look rather similar (not given ), the velocity rise and volume...
Rising wedge and bearish div on Daily, next possible move IF price closes below support => Green box as target, let's and wait for price action and movements bevore taking a position prematurely
Rising wedge and BTC correction will result in shortterm drop to 0.618 fibs
We broke out ofthe falling wedge, going to retest the former red resistance line, bounce up if it acts as support. Green dotted lines are resistances. We might head up to the top (red line and highest green dotted line) and retest the resistance that we are facing since June 2019! No financial financial advice, just my point of view.
Next few moves are on the chart. It's an assumption, charts and probabilities can always change. Let's wait for price-action etc...
We printed a falling wedge and still go further to the apex of it. Probability is roughly 70% for an upbreak to the upside. I still expect a target to the dotted line/circle-area. Stoploss below the support of the falling wedge. We've a bullish divergence on the RSI on the 4h chart, not on the Daily tho! Let's see how this works out
We dropped form the high of the end of June, down to the 0.618 Fib, we broke out of the falling wedge on the 27th of October. A bullish flag was currently built, I can't explain how and why, but normally the 0.618 Fib bounce goes up to 0.618 aka the dotted red line and red circle, which is by no surprise the target of the bullish flag pattern. This is not a...
We hada small fakeout, built a small Head and Shoulders, I expect we drop through the red support to 8950, retest the built resistance that was used as support and drop further to ~8450, the 0.618 Fib.
We have a bullish divergence and a hammer on the support. I assume we go up roughly 100 Dollars and get rejected by the yellow EMA