After a 550% bullish move from Opul, moving from 0.05 to 0.30 it looks like a head and shoulders signal is playing out. This may be a bearish signal that sends opul down another 50-80%. I've placed my buy zone at 2 different levels to keep an eye on for potential investment points. First point is around the $0.11 to 0.085 area. The second point is around $0.055...
On the 10th of August OPUL experienced an explosive upward movement in price due to the reveal that it's staking dashboard will be launching on August 22nd. The price of the coin jumped over 100% from around $0.08 to $0.17 before it began moving back down. It is now developing a clear channel downward and based on fibonacci levels it looks as tho the $0.10 area...
Ever since the S&P 500 topped at the end of 2021 we have been in a clear bearish down trend. Here we're looking at the weekly chart. Drawing fibonacci lines we can see the area's of previous support tell us to keep an eye on these levels: 345 320 300 275 We can also see that the RSI is oversold on weekly so we can potentially see a little rally. Macro trends...
Is Ethereum in a Massive Head and Shoulders Pattern? Here we are taking a look at the weekly view of the Ethereum chart starting in 2020. The rapid rise from $400 to nearly $5000 has produced 2 large tops and a potential 3rd that we could be in the process of seeing play out right now. A rising ‘neckline’ along with a lower, higher, lower top is generally...
LRC is sitting on a strong trendline. I'm looking for a drop to low 0.80's or 0.70's before accumulating for a possible long position. Time will tell as it is following BTC, ETH, and SPY. Good luck traders!
I'm seeing a pennant flag forming on Bitcoin in a downtrend right now. This is on a short time frame (30minute) so we will see where BTC heads from here - likely lower but no guarantees!
Opul is a music and creator focused token. I am bullish long term on the project overall due to being on the Algorand network, the connection with Yieldly, and that artists will always find the best ways to earn more! Here are the fib extensions from highest high and lowest low as a framework for viewing larger zones. Their website describes the project as -...