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.
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...
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...
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...
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.
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.
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.
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.
Very short term opportunity. Rejection at $100k. Bear flag pattern.
40% chance of success. Moderate risk trade. Convergence of two trendlines makes this higher probability
Expecting a move up to $100k. High risk trade. 30% chance of success.
Expecting a move up to $100k. High risk trade. 30% chance of success.
Possible rejection at 0.03 to 0.032. Hard to say whether it will continue up or not past 0.033, but overall chart is bullish on the weekly timeframe. Most likely just a matter of time before it breaks the 8th of December highs.
Possible rejection at 0.03 to 0.032. Hard to say whether it will continue up or not past 0.033, but overall chart is bullish on the weekly timeframe. Most likely just a matter of time before it breaks the 8th of December highs.
Expecting a move up to just shy of $100k. 8.4R risk to reward. 30% chance of success.
Targeting just shy of $100k. High risk trade. 30% chance of success.
Targeting just under $100k. High risk trade. 25% chance of success.
Expecting a move to $100k High risk trade 30% chance of success