On the first chart (medium term) I've put TRON on the 1D chart, which is a bullish Inverse Head and Shoulders formation (1W). The neckline is obvious and is what has been providing the direction (through rejection and rebound points). One more Low around 0.02300 is left until the pattern aggressively breaks to the upside and towards 0.044 and 0.055. On the second...
Pattern: Inverse Head and Shoulders on 1D. Signal: Bearish as the price was rejected on the 4H Resistance. Target: 2.89100 (above the 4H Support).
Pattern: Inverse Head and Shoulders on 1D. Signal: Bearish as the price was rejected near the 111.900 Resistance. Target: TP(1) 111.000, TP(2) 110.750.
Not too complicated TA combinations on this one. Purely based on the fact that every +200% rise on BCH after the All Time Highs, ended with a decline. Obviously during the bear market the price broke the low, while since the December bottom, the sole +200% rise pulled back to its 0.786 Fibonacci. If the current rise gets completed at +210% again, then that puts...
Litecoin has continued its crazy rise since the December 2018 bottom and only recently made the Golden Cross (MA200/50) which paved the way for last week's $98 Top. You can't say I didn't warn you about this super aggressive rise in February when LTC was trading at $49 as seen below: Now, almost 100% higher it may be a good idea to take profit. There are...
Don't tell me I didn't warn you on March 8th about this first break out! The fractal was there: However, those who missed this week's huge spike on Bitcoin shouldn't worry. Based on the 1D RSI another pull back should be coming soon . As seen on the chart since the price action crossed over the 200DMA (orange line) during the last bear market (that...
Pattern: 1D Channel Up. Signals and Targets: Bullish if the 4H Lower High trend line Resistance breaks (red line) with TP 1.3500. Bearish if 1.2955 breaks with TP 1.2775.
Pattern: Symmetrical price action on 1W. Signal: Bullish after the consolidation zone (0.00000164 - 0.00000226) broke and the rise is symmetrical to the respective decline of the bear market. Target: Short term = 0.00000410 - 0.00000455, Long term = 0.00000725 - 0.00000800.
We all know WTI oil is bullish. It has been so since the violent bottom last December. The question is where it is better to buy? Two scenarios: 1. The former Higher High Resistance (red line) has become a Support and the 1D Channel Up breaks aggressively upwards. So far it has provided support twice. 2. The 1D Channel Up pulls back and makes a Higher Low near...
Pattern: 1D Bullish Channel. Signal: Bearish after the Double Top rejection on 1D. Target: 6.55000 (above the Support Zone).
Pattern: 1D Ascending Triangle. Signal: Bearish as the price was rejected inside the 1D Resistance Zone. Target: 3.7700 (expected Higher Low).
Pattern: 1D Ascending Triangle. Signal: Bullish as a Higher Low is established. Target: 4.5600 (just below the 1D Resistance Zone).
Pattern: Channel Up on 1D. Signal: Bullish if then price pulls back near 1.8900. Target: 1.9800 (projected Higher High of the pattern).
Don't get carried away by the recent price action. XRP is simply copying the pattern of the 2015/ 2016 cycle. Based on that we less than 5 months away from the next mega bullish break out that has first target the previous All Time High. Keep it simple. It is a cyclical process.
Ethereum is close to a 3rd test of the 168.50 1D Resistance. If it is crossed, then the 1D Triangle is broken and the price should target the next 1W Resistance at 250.50. Buy on the break out. My long term outlook:
Pattern: 1D Triangle. Signal: Bullish as the price has rebounded on a Higher Low. Also the 1D Support Zone is just below. Target: 1310 (Lower High). If the Triangle breaks higher then 1321 and 1345 can be used as extensions.
Sometimes it is best to keep it simple. If Bitcoin's previous cycle (2014/2015) is the guide, then we are at the point where the 9M MA was just crossed. What happened next is the last strong pull back before the new bull market began. Will it repeat the same pattern?
Pattern: 4H Channel Down. Signal: Bearish after a Lower High was made yesterday. Target: 2.641 (estimated Lower Low).