We are currently in a bear pennant. The total breakdown for the pennant has a target of 5k…if we just take the triangle part the breakdown is 14k….I think we go slightly below 14k then find our bottom aroun 13.7-13.9k Before the rebound. Of course there is also a slight chance we’ve found our bottom already in which case it will just break upwards instead of down....
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Hello everyone, let's take a look at the 1D GMT to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is SL1 - $ 3.12, if the support breaks, the next one is SL2 - $ 2.45. It is worth choosing at least one stop loss. Now let's move...
Yet another alt with the same pattern. It’s currently above its smaller double bottoms neckline and will likely confirm a breakout from that zone in the next couple daily candles.
Hello everyone, let's take a look at the 1D SOL to USDT chart. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 92 if the support is broken, the next $ 78. Now let's move from the resistance line, as you can see the first resistance is $...
Hello everyone, let's take a look at the 1D STG to USDT chart. As you can see, the price is moving below the downtrend line. Let's start with the designation of the support line and as you can see the first support that the price is currently based on is $ 1.20, if the support breaks down, the next ones are $ 0.90 and $ 0.43. Now let's move from the resistance...
Hello everyone, let's take a look at the BTC to USDT chart on a 1 day timeframe. As you can see, the price is moving in the uptrend channel marked by the blue lines. Let's start by marking the resistance line, as you can see, the first resistance is $ 41,132, if you can break it, the next resistance will be $ 42,705, another resistance at $ 44,120 and $...
Hello everyone, let's take a look at the DOT to USDT chart over the 1 day timeframe. As you can see, the price is moving in an uptrend channel marked with blue lines. Let's start by determining the support lines with the Trend-Based Fib Extension tool and as you can see, the first support in the near future is $ 18.09, if the support breaks down, the next ones...
This current purple bullflag…of which probability is increasing that it will at least do a breakdown fakeout and send a wick to retest the top trendline of the wedge we just broke out of as new support(in teal). I’m thinking it could occur where the brown trendline intersects the teal one or possibly where the pink one intersects the teal one. The pink and brown...
Looks like Monero is gonna trigger this double bottom that I posted an idea on last week or so. $240 is the target *not financial advice*
Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always...
PRO TRADER: Do you see the HISTORICAL EDGE? PRO TRADER: Yesterday was the last trading day of the month. We closed above the 200D Moving Average. NEWBIE:... silence .... PRO TRADER: We also closed for a second day down and we closed in the lower range of the intraday. NEWBIE: And?! PRO TRADER: This has a significant edge for market. We backtested it since...
1 day analysis of my current thoughts of the movements in the market short term
BINANCE:BTCUSDT This will be the BTC next move. We will go for short position until head and shoulders pattern complete.
Not 100% confident about this descending triangle pattern yet. But if it is indeed valid then the price action should head towards the 158-160 target before too long with some resistance on the way there at around $130 or so depending on where we retest this ascending yellow trendline at.
I think we can still reach as high as 64150 and possibly a new ATH even, before any sort of correction. However, if we were to start correcting here instead we would still have a very valid very nice looking cup to start forming the handle on. So I’m gonna go ahead and chart a speculative one here for now. There’s always a chance we don’t correct as well and keep...
We may see further retracement to fill the cme gap or maybe low enough to retest the closest purple trendline in the immediate term but in the medium term we are likely continue upward. This buy signal is usually pretty reliable and we still have room to climb to reach the measured move target of the falling wedge we broke out of multiple weeks ago. *not...