Here's an opportunity to watch the volume decrease just before the channel narrows. We should see RSI drop before the breakout. This is a 3h chart so you have time to get in. I'll be in at the last bottom before the narrowing of the Pennant. A pennant is created when there is a significant movement in the stock, followed by a period of consolidation – this...
ETH on the 15m forming a Flag Continuation. The flag stock chart pattern forms through a rectangle. The rectangle develops from two trendlines which form the support and resistance until the price breaks out. The flag will have sloping trendlines, and the slope should move in the opposite direction to the original price movement. Once the price breaks through...
Here's a better chart showing the RSI and breakout of the channel.
I could have sworn that I already posted this.. but somehow it was missing from my published charts. Any way 2 clear bullish signs here.. Ascending Triangle with a cup and handle within.. so all signs point north. Plus RSI support looks strong.
Same time chart as my last 1h. in addition to the cup and handle in the last one you see an Ascending Triangle. BTCUSD show breakout happening soon. This triangle usually appears during an upward trend and is regarded as a continuation pattern. It is a bullish pattern. Sometimes it can be created as part of a reversal at the end of a downward trend, but more...
Here again with RSI above 50 BTC is looking for another breakout north and will out preform the Crypto index prices. Meaning it will dominate the short segment. RSI is steadly increasing and will push through this cup and handle. Might be good for a short position.
ETH looking poised to breakout north, classic cup and handle maturing. ETHBTC Let me know what you think..
I never feel comfortable with 15m charts, but the pump today spiked so fast that it required a closer look . I'm staying neutral here, but it's worth watching. I'm hedging with XRP. The descending triangle is another continuation pattern, but this triangle is a bearish pattern and is usually created as a continuation during a downward trend. Occasionally it...
Falling Wedge with Breakout for BTC . RSI should be at or above 50 when it breaks.
Falling Wedge with breakout. Note the RSI should break 50 at breakout of the wedge.