This chart screams bullishness. We are just a few weeks max from the apex of this symmetrical triangle on the xrpusd weekly chart and we are also about to have a weekly golden cross(where the orange line goes above the blue line) Doesn’t take a TA expert to see on this chart what tends to happen when this weekly Goldencross occurs on xrp. Obviously this isn’t...
On the weekly timeframe the purple line represents the flagpole, however if I zoom out to the monthly timeframe the neon lemon lime trendline is the full pole of the bullflag. Not sure which one will be the most valid in the long run so I have posted measured move targets for both. *not financial advice*
As I always reiterate, priceaction will often dip back down blow the neckline of an inverse head and shoulders pattern after the first time it breaks above that nckline, so you never want to get too overzealous about the initial neckline breach like we can see litecoin has jsut made on its inverse head and shoulder pattern. Probability is fairly good that I will...
An update from a previous Dow Jones chart. I will post a link to the previous as well. We are getting very close to the smaller inverse head and shoulders breakout target here. Always a chance it corrects before continuing up to the second larger inv h&s target but then again always a chance it just keeps going to reach the 2nd target without a correction...
Too early to confirm this but thought it would be fun to post a speculative pattern on NEAR Protocol here. The bottom of this cup is not quite as rounded as I normally like them to be which is one more reason that this chart is mroe speculative as of now, but still I have seen cups with uglier bottoms play out so this one is definitely still feasible. Posting this...
DYDX currency formed an ascending channel that later reached the lower line, the buying area, and is now heading towards the upper line. It can be bought now and sold after reaching the selling area.
red horizontal represents a head and shoulder neckline and the descending dotted red trendline leads to the breakdown target should that pattern be validated. The ascending dotted green trendline is a line that leads to the measured move breakout target if we validated the wedge pattern. The dotted tan trendline is the breakout target if that wedge is more valid...
4-14-23 Weekly BTC chart. Potential track to 35K. We are currently in a uptrand channel. Breaking this channel will cause a retest of the red lines. We could follow this channel all the way to 35k before hitting serious resistance. I am expecting a pull back either here or at HKEX:32 ,500.
USDJPY is currently in a longer uptrend on weekly and monthly timeframes. I only believe in multiple timeframe analysis because trends are more obvious on bigger timeframes and we can anticipate the market conditions on 4 to 6-factor lower timeframes than what will be the next move of the market in the next one or two weeks probably. On weekly timeframe there is...
Last weeks high: $25301.6 Last weeks low: $23314.8 Midpoint: $21328 BTC reached the local top of 25k and presented the market with a big question of would price break above this previous top, or reject and break down lower? As of now the bearish result seems to be playing out, however I still wouldn't be surprised if the supply zone doesn't get tagged above the...
We can see here on the weekly char that Gala is in a bear flag with a very long pole. We can also see that the flag is the shape of a descending channel, a pattern that tends to break upward. When we see a descending channel as a bearish flag it is usually an indication that bears are starting to lose steam.,,,how much steam they are losing will determine whether...
Last weeks high: $17058 Last weeks low: $16204 Midpoint: $16631 Last weeks price action didn't consist of much movement, with the holiday season that was predictable and this week is probably going to be more of the same. A much tighter range to work in compared to the week before last.
Hello everyone, let's take a look at the 1W QNT to USDT chart as you can see that the price is moving below the downtrend line and is close to exiting the current triangle. Let's start by setting goals for the near future that we can take into account: T1 = $127.6 T2 = $148.7 T3 = $165.8 and T4 = $182.5 Now let's move on to the stop loss in case the market goes...
What a great weeks we will see in the future, usdtdominance in very great all market can be green again Usdt dominance is about the dump , I pointed out the reasons why It should be happen . Have a good year ...
This is the larger falling wedge that current price action is above on the 1 day chart. We haven’t confirmed a breakout of it yet but with the smaller bullflag and double bottom patterns looking like they will validate and take price to 26.3k, there is a good chance that after we correct from that zone that when price action comes back down to retest the top white...
I have never been a big fan of BINGX:DOGEUSDT but you cannot deny this clear as day pattern. Too many signs are there to try and profit from this massive bull flag. I will list some of the signs below. 1. We have a massive descending wedge and due to the previous massive push to the upside before this consolidation we can see this as a bull flag continuation...
jsut having a day and just looked at forex noticed double tops on GBP/JPY 1 week timeframe jsut thought i would publich it might go reverse could fix it self to triple tops FX:GBPJPY
i jsut noticed on ERJ on 1W timeframe H&S theres a possibility of big reverse on ERJ jsut my own thought you can ignore it if you want to CAPITALCOM:ERJ