dpatt712

dpatt712 Updated 

Updated analysis on NANO, looks unlikely to break below the support at 6.0 and fill out the XABCD. Monitor for large candles breaking above the wedge or below the 6.0 support. Blue path most likely - break through the wedge and then likely bounce off that trendline as support. Purple path still possible, a retest of 6.0 and then a decision at the end of the...

dpatt712

ETHUSD appears to be forming a large rising wedge over the past 30 or so days. I see a few recent smaller rising wedges within the large one including what looks to be one forming currently. Let's see if the current pattern does confirm to be a small rising wedge and then reacts with a small correction. I expect both the bottom and top of the larger wedge to be...

dpatt712 Updated 

Hi guys! Still learning Technical Analysis, any feedback or thoughts are much appreciated! If it follows the XABCD, OMGUSD should bounce off the support around 5.8-5.6 and then break out of that wedge and rise toward 7.5-7-6 where we can look for selling opportunity.

dpatt712

Waiting to confirm the formation of a reversed head and shoulders pattern which could be a signal of reversal of this correction from ATH we are seeing. I think it has already broken out of a descending triangle, another sign that the correction is reversing. Still practicing identifying good price targets but I have profit levels tentatively set just under 7.5...

dpatt712 Updated 

Hi guys! I'm still learning TA - any feedback is most welcome! Looks like there could be two contrasting XABCD patterns forming, looking at the 1H chart of NANOUSD. The Blue XABCD would end around the 5.2 area which could be a good spot to be looking for buy opportunities. The ending of the Blue corresponds with the CD leg of the green pattern and both suggest...

dpatt712 Updated 

XLMUSD seems to be relatively consistent in behavior after spurts of growth: - Significant and Rapid Correction (~65%) - Bounce back to ~80% of previous high - Ranging/Neutral Stabilization of Price There is support around .45-.46 which has just been tested. We may see another test there or possibly just growth from here as price breaks out of the wedge forming....

dpatt712

See related analysis - if breakout of wedge and past .50 occur, expect price to stabilize around .55-.58 for a few weeks.