If there is no follow through with the head and shoulders pattern, keep an eye out for this bull flag. The snap back in recent price action displays strength and a seek for liquidity. The 2 green boxes are previous bearish fair value gaps. The consequent encroachment for both gaps are marked (green line through center). Watch for the bearish FVGs to get...
Chart price scale is Logarithmic. Fib ranges are based on log scale. The multi year inverse head and shoulders is supporting the 1.414 level at ~$128,000. The calculation for this structure is displayed on the chart. Subtract the range below the neckline and add it to the neckline break price level. The 7 month consolidation in the form of a bull flag is...
Accumulation within the golden pocket/fair value gap is signaling a potential substantial mark up phase in the near future. In the previous cycle ADA reached the 1.414 level. The current 1.414 suggests a ~$7 target.
Falling wedge taking shape on the weekly timeframe. This pattern takes into account a possible dip below 10K. The target is the 0.618-0.786 Fibonacci levels, if anchored from the previous highs to a speculative ~$10,000 support zone. If a capitulation event were to take place a wick even lower than what is charted is possible. The previous cycles Fibonacci levels...
Watch for a concise break and a retest of apex. Targets towards ATH to the upside.
Price action is identical to BTC in this triangle formation.
Battle of the Bears and the Bulls. Which side will prevail?
I laid out how I am looking at ADA/USD currently. Busted ascending triangle with a Fibonacci Extension to get a rough idea of where key resistances may be. This chart is displayed with a logarithmic scale.
Bullish Cypher harmonic with a 1.618 extension target of $0.94. (I do not hold DOGE, happened to see this potential harmonic while studying it's recent correction)
BTC/USD Bullish Cypher with a potential target of $75K (1.618 extension). Inverse head and shoulders target at ATH. Currently battling the .618 level. Looking for a concise break of the golden pocket and ATH for further continuation upwards and onwards.
ADA showing signs of continuation based on the recent break of an accumulation channel. On the logarithmic time scale I copied the previous trend after it broke that accumulation phase from September 2020 - November 2020. Eerily, without modification, the end of the projected range coincides with August which is the rough target for the release of Goguen ==> smart...