TipsOfPips

TipsOfPips

ADA is in a parallel channel. Momentum is so far strong after making a move down from the upper end of the channel. CPI release is tomorrow and this could create the volatility needed to send it down to the bottom of the channel as shown (orange). Alternatively it could come ripping higher straight away but it does seem like a flush down is the more likely...

TipsOfPips

We are about to test the descending green trendline. It’s very possible it cuts through and continues higher with significant momentum but most of the time trendlines this significant do create some kind of reaction. There is a daily imbalance which seems like a reasonable target. There is also a smaller secondary bearish pattern leading into this key area of supply.

TipsOfPips

This company has a lot of debt for it’s size however I think the market has largely priced that in with the recent capitulation. Good chance this forms a low and there is +270% move from here. Targeting that descending trendline.

TipsOfPips

High risk trade, 30% chance of success. There is a bear flag already formed so that could indicate a downside move is imminent and the market is currently in higher timeframe resistance. However there is a trendline above which the market could seek first.

TipsOfPips

High risk trade, about 25% chance of success. I’m unsure whether ADA has had a 3 wave correction or not, but if it hasn’t then something like this ought to be the next move.

TipsOfPips

I think there is a good chance of this move playing out. Probably about 40% chance of success.

TipsOfPips

I think there is a reasonable chance the peak for microsoft is in and the market will make a lower high over the next few weeks. (could also continue lower without that lower high) Monthly candle is a pin bar which is bearish. Weekly structure has shifted bearish. The return move back up to the highs has been slow and choppy and has not sustained the pace of...

TipsOfPips

I think what I have shown is a good scenario to prepare for. Not necessarily shorting at the area shown but instead preparing for a long trade on the third tap of the lower trend line in convergence with a couple of other ascending trendlines as shown.

TipsOfPips

I think what I have shown is a good scenario to prepare for. Not necessarily shorting at the area shown but instead preparing for a long trade on the third tap of the lower trend line in convergence with a couple of other ascending trendlines as shown.

TipsOfPips

Watch out for this happening for anyone bullish on ADA or any crypto even. I see a pattern like this being fairly likely to play out. Does this mean you should short it on that leg down? - No as it would be counter the overall trend and it depends on how the market gets there. The point of the forecast is to prepare for a move lower and not to freak out if the...

TipsOfPips

There is a very clear resistance level that has seen multiple attempts to break through now. I see there being a good chance the market is about to break through but I don’t see any strong moves happening until tomorrow as the stock markets are closed today. This could mean we see a relatively weak break above and then retest before pushing higher. So another...

TipsOfPips

It seems possible at this stage that a triangle pattern will come in to play. I have no idea if it will, but if it does I see it presenting a good opportunity to go long on a tap of the lower trendline as long as there is an equivalent symmetrical tap on the upper trendline as shown. If the market does reach the upper trendline first (as shown), it could present...

TipsOfPips

Expecting a move up to $100k. 25% chance of success. Could be the turn around point but I suspect it makes one move lower after this.

TipsOfPips

Expecting a move up to $100k. 25% chance of success. Could be the turn around point but I suspect it makes one move lower after this.

TipsOfPips

Expecting a move up to $100k. Move stop loss to break even if the price reaches the upper descending trendline. High risk trade. 25% chance of success.

TipsOfPips

Expecting a move up to $100k. Move stop loss to break even if the price reaches the upper descending trendline. High risk trade. 25% chance of success.

TipsOfPips

Very short term opportunity. Rejection at $100k. Bear flag pattern.

TipsOfPips

40% chance of success. Moderate risk trade. Convergence of two trendlines makes this higher probability