As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal.
We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise...
As with most other cryptocurrencies, we saw a double bottom reversal chart pattern indicating that we are at the end of the bear trend. We are now hovering just below the trendline that will determine whether or not we are in for a bullsih reversal.
We can see that price made a move up and now hovering - basically a bull flag. For confirmation, it would be wise...
SRM has given us some very nice technical patterns which are all indicating towards a bullish reversal. We have had a double bottom which often appears at the end of a bear trend.
We are waiting for a clean break above the 4.5 level to indicate that the bear trend has ended. Will be looking to get in on the retest of the trendline and the structure level.
SRM has given us some very nice technical patterns which are all indicating towards a bullish reversal. We have had a double bottom which often appears at the end of a bear trend.
We are waiting for a clean break above the 4.5 level to indicate that the bear trend has ended. Will be looking to get in on the retest of the trendline and the structure level.
We were bullish on Chainlink for a little while. We were looking at the 15 level for bullish price action. Price went a little lower than we expected and went to 14.00 level which was previously the impulse generation point - where the major impulse of 2021 started.
We are now making our way back up and we have 2 key structure levels which we are looking...
We were bullish on Chainlink for a little while. We were looking at the 15 level for bullish price action. Price went a little lower than we expected and went to 14.00 level which was previously the impulse generation point - where the major impulse of 2021 started.
We are now making our way back up and we have 2 key structure levels which we are looking...
Stellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and...
Stellar came down from a massive impulse in the last few months and we are currently in an expanding correction.
Within that expanding correction, we are in an ascending correction which is often a reversal pattern. We could see Stellar revisit the recent lows of 0.2 where we previous had a double bottom.
SHORT IDEA:
Wait for ascending correction to break and...
XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities.
Its worth bearing in mind that if we break the ascending trendline, we...
XRP is within a descending channel and is respecting both the support and resistance. Recently we saw a double bottom chart pattern indicating that price may move up. We are now moving towards channel resistance and structure where we can look for medium to long term trading opportunities.
Its worth bearing in mind that if we break the ascending trendline, we...
AKRO is at a really good place to look for a trade. If we break up from here, we can easily look for bull flags to take this higher.
If we break the ascending trendline, we can short it until the previous lows. East set up!
AKRO is at a really good place to look for a trade. If we break up from here, we can easily look for bull flags to take this higher.
If we break the ascending trendline, we can short it until the previous lows. East set up!
Last time we analysed bitcoin, we were looking at the 36K level for a bounce up. Price retested the 36 level and shot up 16%!
We are now at a very strong level where we are seeing some resistance. We can see that previously price broke the 42K level and retested it on its way down.
LONG IDEA: Wait for the 42K level to break and get in on the retest.
SHORT...
Last time we analysed bitcoin, we were looking at the 36K level for a bounce up. Price retested the 36 level and shot up 16%!
We are now at a very strong level where we are seeing some resistance. We can see that previously price broke the 42K level and retested it on its way down.
LONG IDEA: Wait for the 42K level to break and get in on the retest.
SHORT...
Cardano recently had a triple bottom reversal. We appear to be in a parabolic trend which is setting up for a big move. For confirmation we Weill be looking for a break of the parabolic trend to the upside and a retest of a structure level.
We will be targeting the all time highs once we break.
Cardano recently had a triple bottom reversal. We appear to be in a parabolic trend which is setting up for a big move. For confirmation we Weill be looking for a break of the parabolic trend to the upside and a retest of a structure level.
We will be targeting the all time highs once we break.
ANKRUSDT has been in a descending channel since late February. It appears to be respecting the channel as we've seen rejections on both extremes of the channel.
Recently we've seen a double bottom which is often a reversal pattern. This could indicate that we may be breaking out very soon. Watching this one closely to see if we can break the structure level and channel.
ANKRUSDT has been in a descending channel since late February. It appears to be respecting the channel as we've seen rejections on both extremes of the channel.
Recently we've seen a double bottom which is often a reversal pattern. This could indicate that we may be breaking out very soon. Watching this one closely to see if we can break the structure level and channel.
