The Gartley pattern is made up of four price points, labeled X, A, B, and C. The pattern is considered to be valid if the following conditions are met: XA is a retracement of 61.8% of the AB leg. BC is a retracement of 38.2% of the XA leg. CD is an extension of 161.8% of the XA leg. The Gartley pattern is a relatively complex pattern, and it is considered to be a...
A descending broadening wedge is a bullish reversal pattern that is formed when a stock's price is contained within a downward sloping wedge, but the width of the wedge is expanding. This indicates that there is increasing buying pressure, even though the price is still falling. To confirm a descending broadening wedge, the price must break above the upper...
It is a great entry point because it appears that it has broken out of the descending channel and has done its retest.
Lever is headed for next support down at 0.0017. If that support holds, it can consolidate there for a long time. The next stop from there is 0.001 level, which will be a great buy opportunity.
The next targets for this parabolic bull run are as follows: First target: $4.25 Second target: $5.99 Third target: $7.72 Fourth target: $8.79 The Sandbox has recently raised $93 million in a funding round led by SoftBank to help grow its virtual world based on NFTs. The money comes an estimated $30 billion fund from one of the world’s biggest companies. Other...
Bitcoin has been forming a reverse head and shoulders pattern with a price target of around $26K. Let's see if it plays out. Be careful out there. Long on the breakout of the neck line.
PERP has recently decided to buy back and burn tokens every month over many years to give a good price boost. The chart says that it has completed ABC correction and looking to go upside. The ultimate target is around $96.
ONE coin has recently gained strong momentum, with staking opportunities offering sizable (more than 10%) monthly and weekly rewards. In the current scenario, with BTC dominance moving downwards, ONE coin may bounce back once it has touched the parabolic trend line or if it breaks this trend line, it will follow the deeper uptrend line without significant...
Theta bounced back from 0.618 twice, testing this as support level. If market keeps bullish, which seems to do so, next target is 19 to 21 USD.
The Bat Pattern is a 5-point retracement structure. It has specific Fibonacci measurements for each point. D is a zone where price is likely to reverse, called the Potential Reversal Zone (PRZ). The B point retracement of the primary XA is less than a 0.618, and the PRZ consists of 3 converging harmonic levels: 1) 0.886 retracement of the primary XA leg, 2)...
TFUEL is likely to bounce back high after it touches Fib 50% retracement level which is 0.4455 USD, if the overall market keeps bullish.
ENJIN accumulation is still in the process. Uptrend holds strong. There is so much room for further growth. About 20% of new purchases are not stored on exchange accounts but withdrawn to wallets, which means people buy this coin for utilization towards NFT creation or purchasing gaming items like clothes, weapons, tools.