jsobusername

jsobusername

clear descending triangle pattern and strong resistance at $5-$6, just looking at the price chart it feels like it won't go lower... well below its higher high and a strong triangle pattern, typical descending triangle breakout means UP (don't trust me I'm n00b)

jsobusername

- Upward momentum may break the triangle pattern and cause continued upward pressure - RSI moving above 20 && last day or two of price rising causing some expansion of the Bollinger bands = signs of short term upward movement There is not much room for the triangle pattern to continue so if this short term trend continues and bullish sentiment in crypto overall...

jsobusername

It appears there is potential for a continuation of this descending triangle pattern happening (in the crypto market in general and with CELO). CELO specifically seems to have a clear pattern regarding the EFI and RSI as highlighted. If there is an uptrend I am guessing it will be only for a few candles which would be common for CELO, allow for the descending...

jsobusername

Indicators - price recovering after drop below $12 (50% of its most recent uptrend to all time high of $24) - morning star / abandoned baby candlestick forming if todays candle closes above $11.80 - stock RSI < 20, indicating SUSHI is relatively oversold - EFI recovers from 6 month+ low - EFI approaching 0 line crossover from below - price bouncing off 150 day...

jsobusername Updated 

As BTC price makes higher highs , MACD and force index make lower highs , indicating higher prices are not supported by increased volume and the uptrend is weakening.

jsobusername

Outcome Predictions - (pink) price continues with uptrend until after earnings report. stock hits price high for wave again before correction and EMA folding over before 5th wave - (blue) EMAs fold over now with larger drop to $62 - (purp) correction already over Patterns - two nearly identical bull runs - may have already seen same $12.50 drop twice - third...

jsobusername

Patterns - increasing slope with every bull run so far - price appears to be at new furthest point from 55 EMA in stock history - stock is 10x after one year and 2x in the last three months - EMAs spread wide Other Potential Factors - buys from S&P inclusion to run out eventually - looks like bitcoin did three years ago (crazy impulse wave) - is the company...