Price has appeared to broken out of the recent ascending channel, we have highlighted where we think price will retrace to.
Not looking good folks..we can see a bearflag that has been forming on the 4hr for awhile is threatening to break bearishly....you can see the projection of that drop would send us all the way under to the grey ascending trendline which bounced us back up from our biggest low of the year and hasn't been encountered for over a month since that time. It has made...
I think we first bounce slighzly ant then break up from the triangle
BTC has just reached the target price drop of the ascending wedge breakdown shown by the purple dashed line. WWhile it doesn't surprise me it hit this price, it does worry me, because now we are in real danger of breaking below the neckline of this current head and shoulders..we have already sent a wick below it. In order to break it we will need at least 2 closes...
On the hourly we can see that a nice ascending triangle is forming. 1/ We have confirmed 3 touches on the support and multiple flush touches on the horizontal resistance. I anticipate that this will be a small breakout given the overall bearish market. 2/ Given previous price action we could potentially test 8.5k but this will depend on buying power. If you...
Lots of short signals here. The first one is that wre now have yet another 1 day candle closing below the 200 MA. The second big one is on the 4 hour chart where a day or 2 ago the 100 SMA did a death cross under the 200 SMA and is currently continue to trend donward from it, leaving us with the 100SMA under the 200SMA and the 50SMA under both of those..all strong...
ESA has been trading in an ascending wedge since the Feb correction and is now testing the 78.6% retracement level; Just like back in 1929 and 1987. I don't like the odds here so would be neutral...ok, bearish if you put a gun to my head. Trumpard is making me worried.
>Possible ascending triangle formation. >Huge resistances ahead viz. 11.3k , 11.7k , 13k >If it is an ascending triangle breakout,then Bitcoin will find new support around 11.7k level.
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Keeping a close eye on this multi month ascending triangle on NEO/BTC. Watch for big volume on a breakout of the triangle. If this confirms the first target should be ~ .028 - .030
Ascending triangle on the 4h and weekly fib 0.5 level are providing bullish signals for a retest of the previous high. Also, there has been slightly higher highs and higher lows. I have a scout order for 1.229 if there is no retest of the fib support. Full position order (2% risk) Entry: 1.218 TP: 1.25537 SL: 1.2161
D4 with an quick update on Ripple. 15min XRPUSD Chart. The bears will probably win one more time! EMA50 as huge resistance, and EMA200 on 5min chart right above our head. Ascending wedge on the pattern and RSI. Bear flag. It seems like it's just a matter of time, before the bulls must give up. It would be a big surprise if the bulls manage to win this...
So we had a crazy plummet yesterday. We were long overdue for a retracement and this one was caught by the double reinforced support of both the 50EMA(in blue) and the bottom trendline of what I originally thought was just a channel..after adjusting it to the recent price action I have discovered instead it appears to be a an ascending wedge. The pice has stayed...
Bounce off weekly support & weekly ascending trendline..
I have been watching this pair for awhile, and I have notcied an ascending triangle that is about to have a (bullish) breakout.
Despite the 50 plus day of the current corrective market, ETH has remained resilient with an RSI over 45 and way above the 100-day moving average on the daily charts. ETH is currently in the middle of the ascending channel at about $1106 USD. I am holding my current core positions till it reaches the top or bottom of the channel to determine my next course of...
Within *8 year Symmetrical triangle. 50Dma now tilted up. *>50% Undervalued. DCF Models put fair value @ 7.06-19.88 D/E&DA <.01; *Current Ratio≈36* Ascending triangle forming since November brings opportunities to accumulate at safer prices. This daily formed after bouncing off bottom downtrend boundary. Ascending triangles are bullish in nature as demand line...
BTC breaking down ascending wedge could go back and to 10k levels.