landscapeprovider

landscapeprovider Updated  Jul 17, 2024

From a simple chart technical analysis in my personal perspective, a rising wedge has broken downwards, followed by the formation of a falling wedge. Divergence is currently forming on the 4h, 2h, and 1h charts. Weekly charts also show divergence forming, making the weekly close crucial. However, divergence has not been confirmed on the daily chart. From a macro...

landscapeprovider Jul 17, 2024

The reliability of a typical inverse head and shoulders pattern is generally high when the neckline trends downward. However, the strong buying pressure observed during the recent decline to 53k has resulted in a very strong rebound up to 66k. This has formed an upward-sloping neckline. I predict that after some consolidation and accumulation before breaking the...