tradepsych

tradepsych Updated 

Formation of an ascending broadening wedge after a trough www.centralcharts.com This type of pattern appears during the correction in a bearish movement, it is a bearish continuation pattern. Resumption of the bearish movement after correction. The break in the support line definitively validates the pattern. The price objective is given by plotting the wedge’s...

tradepsych

BEARISH- Ethereum in a daily rising wedge pattern. Expect a downturn sometime before $1500. Even in an uptrend, rising wedges usually result in a bearish turn before continuing upward.

tradepsych Updated 

Bitcoin is coming to an intersection of a long term up trend and a short term down trend. Which one will win? The current short term downtrend indicates Bitcoin may fall to $29,000 and test again. Or it could pick up the long term trend and move higher.

tradepsych Updated 

COINBASE:BTCUSD The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction...

tradepsych Updated 

Ethereum in a Symmetrical Triangle. Expect Break Up in 12 Hours. Historically symmetrical triangles break with the prevailing trend, which in this case is bullish.

tradepsych Updated 

Cardano in a symmetrical wedge. Should break to the upside tonight.

tradepsych Updated 

Bitcoin Bear. Will Test $12,400, $12,000 and if it breaks will test $10,000