Broke the ATH at $348.19, jumped above the up trend line, all oscillators are pointing up. Looks like a good wave 5 to upper highs. Good luck
Comment
⋅
It looks like the old ATH turned support and is being tested now. Watch out for a bull trap
Comment
⋅
Possible head and shoulders on the 5 minutes chart, with a bearish divergence which might confirm the bull trap:
Comment
⋅
A lot of indecision here .... head and shoulders but without breaking the "neck" line at $347 ... then double bottom ... three times $347 hold as support... let`s see what is next:
Comment
⋅
It seems we passed the bullish trap part and now we have a very important "hop" to pass .. will it be a double top, or the breakout is confirmed:
Comment
⋅
Things are speeding up ... seems we are officially in the wave 5 ... up to new highs:
Comment
⋅
Sorry, wrong picture ...
Comment
⋅
What looked to be a promising breakout failed due to low volume. It established a new ATH at $368 but then retraced to the previous resistance turned support $335, just below the major level of $350 bouncing back up from the trend line. Maybe today we will see the long awaited up movement:
Comment
⋅
Looking at the 5 minutes chart, we can see in detail some good signs: a very nice bounce up from the trend line, a jump past the resistance level at $350 in a bullish channel and a morning star:
Trade closed: stop reached
⋅
It went down again under the $350 with the price on other exchanges much lower. Trade close until better times
I am very new to this so I am still learning, but you my friend are making such a good job at analysing this chart. Well done! I am following now and keep looking at your work when I receive an email hehe
You think this is a bulltrap? I am feeling like that is the case.
Haceru
⋅
@milltay, I am not sure yet ... the "battle" is now around $347 and then if it fails to pass the left shoulder. Let`s see
milltay
⋅
@Haceru, I don't see it going much lower... I think 1. it will consolidate and flatten around 340-350 and then spike in a day and reach 450-500 or 2. simply just just spike in the next few hours.
Haceru
⋅
@milltay, thank you for your input. I tend to incline towards the (2.), but in this case $350 should hold as resistance ... :)