Kyle_Kinnaird

Kyle_Kinnaird

Do you think this Fib Retracement will play out, or will see see the second leg of a large pullback?

Kyle_Kinnaird

I've highlighted the Resistance lines in Yellow to make them more visible. We've got support at $37,300 which we could see either a sideways consolidation through the month or create a Head & Shoulders. Which would cause us to break the $37,300 support line & drop down to the previous low of $30,000 as we head into November. There is a chance to bounce off of...

Kyle_Kinnaird

Our most important support level is at .23, if we break this level we may fall too .20 followed by a consolidation phase. Or we could consolidate between .23 & .26 through the weekend. Slight possibility of a breakout moving into early Saturday morning. 🙌🏼

Kyle_Kinnaird

Going off my precious chart we are lined up for a breakout, but will it be a Sell-off or a Uptrend towards .30?

Kyle_Kinnaird

I placed arrows that are correlated with the RSI, Green represents the Oversold & Red represents the Overbought. Where we are now is at an Oversold zone, which I do believe we may see a Bullish reversal to test .30 through the weekend with a consolidation above .25 Or we could see a Sell-off & create a Double or Triple Bottom like we've seen plenty of times from...

Kyle_Kinnaird

We will see .24 as we head into the weekend but must watch to see if we break the .23 Support level, thennwe may be seeing a complete bearish reversal. If we are able too bounce off of .23 then retest & break through .24 getting into .25 then we'll be heading in the right direction.

Kyle_Kinnaird

We could consolidate between .24 - .27 as we approach the weekend which is a great sign moving forward. Or we could get a Bullish Reversal & make our way back into the wedge & continue on a Uptrend too .35 next week.

Kyle_Kinnaird

I highlighted a Blue Support zone that we could fall too nearing .28, then continue moving upwards. Or we could fall too .300 & use that momentum to uptrend out of this wedge pattern & on our way to .32

Kyle_Kinnaird

Stl continuing along the previous prediction, still a chance to consolidate through the middle of this Uptrend. May see .32 this weekend

Kyle_Kinnaird

It appears we have created another Uptrend, next we may continue to slide down towards the lower resistance which should shoot us back up towards .30+ moving into mid Friday. As we head into the weekend we'll need to re-asses the next pattern, which could be another healthy pullback towards the .305 support then another Bull run heading into next week.

Kyle_Kinnaird

Creating a nice Cup & Handle, maybe we'll see .35 by the weekend?

Kyle_Kinnaird

Here's a layout of paths we may see mo inv through today into tomorrow Sep. 2nd, as we near the 3rd I believe we could retest .30

Kyle_Kinnaird

The RSI Indicates we've created a Double Bottom which should get us up above .29 & may even test .30 heading through the night into Tuesday morning. I've labeled 2 potential patterns that may unfold moving through next week. We may pass .29 test .30 then fall below the support at .28 then continue downwards in this bearish trend. Or we could break through the...

Kyle_Kinnaird

Hourly chart showing the 20 EMA still below the 50 EMA, we may cross over & get a push towards the upper trend line heading into early Tuesday. Overall were still inside of the larger Bullish Pennant looking to break through the top resistance & test .30 this week.

Kyle_Kinnaird

From Monday Aug. 23rd until Monday Aug. 30th, we've been in a "3 Pattern Phase" is what I like to call it. Last week (Mon. Aug. 23rd - Fri. Aug. 27th) we were in a Bearish Consolidation. Open Price was $50,491 & the next day Open Price was $49,414, this is a indicator that we may continue to see Bearish momentum. We did hit a high of $49,875, but EOD we were at...

Kyle_Kinnaird

We may see a spike off od this support & retest $50,000 late Monday evening, of sell see a pullback too $48,400 followed by a Consolidation phase rolling into Tuesday.

Kyle_Kinnaird

Rolling into Saturday morning we could be .30+ if we're able to bounce off the 20 EMA or find ourselves falling below this Uptrend & retest the previous support line.

Kyle_Kinnaird

We've caught some momentum here lead by the Volume & bouncing off the lower Support level (.26). Let's see if we can continue this uptrend too .28+ tonight & hopefully pass that .30 support tomorrow, kicking off a bull run.