jdgpro

jdgpro

EW 5-3

jdgpro

So the smaller, steeper trend line has failed, as I thought it might. We Still have the longer and stronger line, which I guess will hold up.

jdgpro

We know RSI divergence in direction from price can foretell a move in the RSI direction. Just as the bearish divergence predicted the recent drop, the bullish divergence can predict the next move up.

jdgpro

Bearish cross of 13 / 34 MA on the one hour has worked out well. If the wedge holds up this should make money. Do your own DD, as always.

jdgpro Updated 

Measured Move to the 3.618 fib

jdgpro

The last bear wedge worked out. What is different this time? Yes, I know crypto is on fire.

jdgpro

Measured $1.50 move to $3.55.

jdgpro

$20 flag pole and the flag just broke out.

jdgpro

Bullish RSI divergence showing on the daily, like a year ago.

jdgpro

Might go to the 50 Day SMA (in red)

jdgpro

Looks like a possible dip. Horizontals mark support levels.

jdgpro

May have a little more downside to hit the RSI trendline, but not much. Sitting on the BB middle line, which may be the downside limit.

jdgpro

Measured move to $20.00

jdgpro

Rocket ships tend to run low on fuel. Where is support here, around $19,000?

jdgpro

A little overbought and getting frothy again. Bullish long term

jdgpro

Could be tipping over again, down to the bottom of the band?

jdgpro

Hopefully this channel holds up. FDA approval likely in Q2 2021 and commercialization.

jdgpro

Uptrend to bull flag. PT $17.00