ENJ trying to close above upper band of bull flag; seeing some consolidation. Support held at 38.20% fib and we've been able to close above 2.896 key area of resistance (3x support on previous swing lows), but still below 50 EMA. Technical: 1. MACD - Histogram getting smaller and red lightening. MACD line below signal, under 0.00, flattening out from obvious...
Mana has seen some upside in the last few days after the major BTC shake-out, however we've pulled back briefly and on the daily we are seeing bull flag pattern play out. This is the first time the technicals have shown us potential of closing above of the flag. With that said, if we can close above upper line and 50% fib, the probability we see upside is high....
DISCLAIMER: I am not an experienced trader and solely publishing for feedback and to review my trade ideas once they have plaid out. Please feel free to offer your perspective and other scenarios! Recent April 21' - Jul 21' correction. -38.58%, 91d. 81.41% gain followed. Current correction: Started around November 9th and we are at approx. 28% below previous...
Inverse head and shoulders forming within descending triangle. Price target 1: 0.27287 ** area of confluence approached ** Price target 2: 0.29455 A confluence area is one area where two or more factors come to sustain or reject price action (eg. Combine Fibonacci levels with support and resistance)
4h chart. Triangle breakout and confirmation at 50% support, possibility we see upside is high. Need volume to support action. Setting my alert. $SHIBUSDT
Hey Hey, extremely new to charting and TA. Have been replicating previous charts for learning, however moving toward analyzing blank charts. Would love if an experience trader can provide feedback. Based on this 4H view, I take that SOLUSDT is showing bullish movements with descending triangle long term and cup & handle short term. Break out of handle and confirm...