There is a huge H&S on the weekly/daily, that no one is talking about. But i guess that's because it would give us a 3-4k$ btc... We just falling one bear flag after the other... Now in the last bear flag, if 19,500$ is broken down, we will go way down... let's see how it plays out...
We saw Ecomi try and reach 0.0074$ and now we went down along with btc. The next Ecomi price will depend on what BTC does too. If BTC will go to 40-44k , or lower, this scenario here makes sense. We have a possible formation of a H&S which could bring us down to the 0.0040$ or a bit lower. Let's see how this plays out. Price is currently playing in between...
Although bullish on the long term, i can see a possible formation of a head & shoulder formation , which if validated would take us to 0.0049 ish levels... let's see
This is a chart i am trading with all indicators.... judge for yourself ;)
Possible head and shoulders forming and moving within a triangle. Let's see how this goes up after such a drop 1.00$. On the long term, we could possible be forming a cup & handle pattern. Just an idea...
We can see Matic moving in the channel. Daily RSI almost oversold, Stochastic oversold. It could bounce from the bottom blue line to reach the top blue line and try to break up from there. With some good news such as Coinbase listing and more partnerships etc.. anything can happen. If not, we go much much lower...
Have a look at this nice pattern forming. We could go to 6800$us possibly to form the right shoulder on the daily. Then we can either break it up and go over 7100$us and possibly 8100$ ( heady resistance with all daily MAs ) OR We can come down the shoulder and break down the daily triangle , which would mean clearly sub 5000$us levels... Good luck with your...
XLM tried to break above 0.30$ but failed to maintain... As you can you see, after the rally, the pattern created a bull flag, but also a triangle. Still looking at which one will be valid. Right now XLM is dropping to recharge in order to hopefully go up and break through the top range of the triangle/flag. If it fails, it will break down. Let's see how this...
Let's see if this unfolds correctly throughout the day....
IF WE BREAK UP FROM TRIANGLE WE COULD SEE A NICE BREAKOUT... LET'S SEE!
ETC looks like it wants to breakout... Keep an eye on it. On the long term, i expect target prices of 39-43$us...
Formation of an ascending triangle shows more bullish action incoming. Yesterday Siacoin broke the resistance level of 220 satoshis and keeps going up... Watch out for the triangle :)
Waiting for the BTC breakout. Be careful because BTC might again go down after coming back. Good luck!