Price impulsed and now we're in an ABC bullish correction which will inevitably move to the upside. Watch for break fo the correction and gain entry on bull flags. Alternatively, watch for price to go back to the bottom and gain entry there.
From our previous SXP analysis, we were anticipating a parallel channel but upon seeing price action, we find that it is more fitting that it's an expanding flat triangle. Price is moving correctively down and we have 2 major areas which we are keeping our eye on.
From our previous SXP analysis, we were anticipating a parallel channel but upon seeing price action, we find that it is more fitting that it's an expanding flat triangle. Price is moving correctively down and we have 2 major areas which we are keeping our eye on.
In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!
In our last Tesla analysis, we were anticipating a bounce of the trendline and the fibonacci and we got that. The analysis after that, we were looking for bull flags to take this higher.
We are currently in another bullflag which could possibly take us to new highs!
See linked charts for previous Tesla analysis.
Goodluck and trade safe!
Sol tech has been a beast as of late. Whilst all other crypto is on a bearish correction, this however is still bullish! Wait for little corrective phases and get in and hodl!
Bitcoin is approaching a really strong level where price has previously reacted heavily. We have multiple confluences for going long at 50K! Wait for price action at that level
LIKE THIS IDEA FOR UPDATES
Bitcoin is almost ready for the next massive pump! We can see that the long term ascending trendline is intact and price is approaching it very soon with an ABC bullish correction! Watch for price to tag the previous bottom and buy bitcoin!
See links below for updates and smaller timeframe.
We recently saw a beautiful bounce off the parallel channel where we had multiple confluences: Double bottom, 78.6 fibonacci and channel support! Once we clear $4.30 level, this thing will fly!
We recently saw a beautiful bounce off the parallel channel where we had multiple confluences: Double bottom, 78.6 fibonacci and channel support! Once we clear $4.30 level, this thing will fly!
DOGE had a really nice impulse leg and now we are in the corrective phase where we can see an ABC pattern playing out (See chart update for smaller timeframe). The end of C leg falls on the 61.8% fibonacci level where we have the previous bottom, adding to our confluences.
Waiting for a little buying pressure and then going all in for the next massive impulse!
DOGE had a really nice impulse leg and now we are in the corrective phase where we can see an ABC pattern playing out (See chart update for smaller timeframe). The end of C leg falls on the 61.8% fibonacci level where we have the previous bottom, adding to our confluences.
Waiting for a little buying pressure and then going all in for the next massive impulse!
We are currently in a bullish parallel channel where there's a high probability of price breaking up the channel for another massive move up!
The third touch of the channel has double confluences:
- 78.6% fibonacci level
- Channel Support
The next move is going to be a big one!
