Continued Bullish Trend - Possible Triangle &/or Harmonic
As we are one day before the SEGWITx2 / UASF upgrade, the chart becomes clearer and over the next day or so, we should see the completion of what seems to be a triangle forming. A possible Bullish Gartley could also be confirmed if price action reaches the confirmation area. Either way, the trend is definitely BULLISH and there is no sign the trend is about to change anytime soon. Since the 19th of July, price action has also been rebounding off the water EMA as well as the MAYO, thus expecting price action to either rebound off the MAYO on the last move of the triangle formation or if it breaches the MAYO EMA, we should get a confirmed Bullish Gartley Harmonic to then continue upwards in what I believe will be significantly past the $3000 price range. At this point in time, TDI doesn't give me much of a confirmation, other than the bands having narrowed which could signal a rapid move either down or up, depending on market sentiment. However, either way, long term, this coin is set to surpass the 3k area and isn't anywhere near becoming bearish, not in the slightest. See 4H and Daily charts to understand better. I'm holding these coins long term, easily up until around 2018 ~ 2019.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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Comment:
And now we see a magnificent breakout of the triangle pattern to the upside with a full impulse wave, where price action has now surpassed the $3,000 mark, looking to hit the $5,000 in the following weeks !!! Keep holding long term, this coin will reach new highs now that SEGWIT and UASF has been completed and the fork has also presented itself.
