A nice cup and handle on the 1M chart. That 1M candle bouncing off key support looks lovely! Hoping this move plays out for the rest of the year.
a nice cup and handle formed for algo. there are 2 other bullish structures formed here.
BINANCE:SKLUSDT 3 points of confluence. top of parallel channel, top of fib-extension, top of fractal. chai if not e choke!
I'm looking at a last push above 4000, even pushing past the previous high at 4040. Target 4060 with a possible wick at 4100+ to hunt stoplosses and complete bearish div formation. We could also dump from here because bulls are not really trying too hard.
There has be a bullish div forming on nano for the past few days. There is also a clear falling wedge in play. I expect to see BINANCE:NANOUSD make a test of the major green downtrend line
I see BTC headed to 5400 if we manage to break the iHS neckline with some volume. If not, I expect a rejection from the neckline to make a new low in the coming weeks. Feel free to share your ideas, whether similar or different.
This wedge can give BITMEX:XBT bulls some hope at least. We also have a bullish divergence which has been playing out for well over 2 weeks, so there is still hope for some upside soon. But if I'm going by RSI, we should test that uptrend line at least one more time:
If BTC blesses us this coming week, i think we should breakout this falling wedge. - Inverse H&S - Double bottom Disclaimer: I am a complete beginner so these charts are probably not drawing as accurately as they can be.
Bithumb's volume fell off the face of the Earth a day before the 25% dump and I do not enough anyone talking about it. It looks even crazier on weekly.
I am new to TA so take my analysis with a grain of salt. If this works out, forget everything I said before xD