With everything going on economically I find it hard to imagine crypto going up at the moment. Daily chart on ether seems to be forming a descending triangle. I believe this will signal a continuation of downtrend. I am watching for this to breakdown and head towards ~1700 ish to retest.
Posted awhile ago about shorting Tesla. Appeared to possibly be forming head and shoulders reversal but mainly I was talking about a gap that was never filled. This short happened to play out perfectly.
Tesla has been trading in a downward channel. It’s trading close to resistance at the moment. It has a gap that was never filled and I could see this as a quick short position
Eth broke out of ascending triangle but was met with heavy selling pressure. Notice long wick. Followed by a large bearish engulfing red candle that broke the lower trend line. Looking to retest last support lower.
Was looking like a possible bottom on bitcoin a few days ago. We got the bounce I was expecting. Eth is trending up for a couple days. Appears to be in an ascending triangle here on 30m. Looking for a breakout and retest next resistance
Been watching Gala for past few days. Been progressing on a down converging triangle. Got close to upper resistance and I bought. We will see how this plays out.
