ronzo777

ronzo777

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

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.

ronzo777

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?

ronzo777

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...

ronzo777

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...