ronzo777

ronzo777 Updated 

Notcoin (NOT) Has broken out of a very bullish wedge pattern. A retest of the breakout level is possible, but given the bullish momentum, not necessary. Retrace to ATH very possible.

ronzo777

As you can see in the chart, BRETT is forming a kind of rising channel. It's not an exact science, so it's a relatively crude rising channel so may be imperfect, however; if this channel is even close to correct, if BRETT breaks the apparent lower trendline of this channel, it will become very bearish, very quickly. It has also been holding the 100 MA, but has...

ronzo777

Well this is it - BTC is right on the edge. Breakout, or failure? The obvious falling wedge (bullish) that BTC has formed is seen on the chart marked by green lines. A breakout of this should be the final move into new ATH, and confirmation of the bull. The red line is previous ATH. Breaking this, and BTC shouldn't look back for many months to come. It all hangs...

ronzo777

SHIB appears to have broken out of a bullish wedge pattern. It has broken out, retested the breakout level (marked on chart) and momentum looks bullish. Let's hope for a repeat of the move that led to this consolidation wedge pattern!

ronzo777 Updated 

Quick note on CRO - chart has formed a bullish wedge, and will be looking for a breakout soon. Assumption is bullish based on trend, HOWEVER the current point is not in my opinion a good point to enter a position - look for a breakout and preferably retest of the upper trendline. Retest may not come if breakout is strong enough, though. Be aware that failure to...

ronzo777

Quick explainer on the chart: Red trendlines are a descending channel that DOGE has formed. I have excluded a failed breakout above this channel for obvious reasons. The green line shows an alternative wedge pattern using the highs from the failed breakout. As you can see, the wedge pattern has already broken out to the upside. All that remains is to see how the...

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Statistically a slightly more bearish probability for this descending triangle pattern, but RIO looks like it may just be testing a breakout to the upside. Would like to see stronger confirmation, but if it retests the breakout and moves back up to take out the previous high at ~$75, it could be profitable. Retest of triangle-pattern highs would be ideal.

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UAA at major point of support, resistance. This goes all the way back to 2006, and has seen quite a bit of action over the years. At this point in time UAA is retesting this level, as it has done several times since Sep. '22. This doesn't look like a strong chart to me, and if UAA loses this level it could enter free-fall. A bounce is likely, however, given...

ronzo777

NDAQ has formed a clear descending triangle. Statistically more likely to see a breakdown, but not an extremely reliable pattern. The flat bottom changes the pattern from a bullish pattern to a more bearish one. Breakout, with potential to retest ATHs? Or another retrace to recent lows, i.e. bottom of the triangle?

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MCD appears to have broken down from a significant trendline going back to Feb '21. Potential target levels displayed by orange lines. Theoretically could retrace to as low as Feb lows.

ronzo777

Bitcoin has been ripping towards ATHs and looks set to break through soon. A huge factor in this has been institutional buying for recently approved ETFs, with demand outstripping supply. On this chart I've drawn a simple channel, using the 2013 and 2017 highs and lows as the top and bottom points of the channel. Covid lows are outside the channel for obvious...

ronzo777

Lowes (LOW) is currently touching the 200 Weekly MA and is likely to see a bounce from this level, regardless of whether it breaks down later on. Breakdown likely to hit trendline highlighted on chart. Exit price for bounce would be around $215.

ronzo777 Updated 

LTC is testing its 30th June breakout. LTC broke out of a wedge, pierced the 200 weekly moving average, but could not hold above it, and is now retesting the breakout of that wedge. It must hold above this, otherwise we can assume the pre-halving rally is over.

ronzo777

Filecoin has formed a textbook bullish pennant - large flagpole, consolidation before the next move. Look for a breakout on high volume, and potential retest before entry.

ronzo777

Possible Cup & Handle pattern on original LUNA. Trade breakout and retest of the resistance line. Several hits of this resistance are highlighted.

ronzo777

LUNA2 has formed either an ascending triangle or a symmetrical triangle. Both are bullish, the only difference is identifying the breakout point.

ronzo777

Firstly, apologies for the size of the chart - I had to fit in 3 cycles, so the size is a little small. Also, ignore all Fib levels above the 1. I forgot to remove them. The chart in itself is very simple, and as close to a cheat-sheet as you are likely to find, in my opinion. I have used 3 indicators to produce this chart: 1. Fibonacci Retracements 2. 200 Week...

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I'll be honest- I don't think this is what is going to happen, but just presenting a possibility. BTC is in a potential ascending/rising channel, of which it is currently testing the mid-point of that channel. On previous touches of the midpoint it has seen bounces or rejections. We could potentially see BTC bounce off this midpoint as support. It would need to...