Hi traders: Similar like my previous 2 analysis on the other US indices, I do also see DOW is shaping up for the bearish price action. On the higher time frames, price has formed a larger ascending structure, correcting the price up. As we know ascending structures are reversal in nature. So the bias is to look for potential selling price action development....
HI! Here we've got rising triangular, breaking resistance now. Before we saw expanding triangular, so price is about to rise now! Have a good trade!
Price as been corrective for some time now, we're approaching a potential Double Top area, we'll be looking for the LTF correction after the breakout as our confirmation and entry.
We didn't get our confirmation entry this week but it's okay as we're approaching our swing high area correctively which increases our short probability, so nothing really changed.
We had a Descending Structure from which we had beautiful bullish plays from the Swing low area, but now we finally broke out, initially we were looking for a correction after the breakout to keep the bullish momentum however now Price is correcting in a bit an ascending nature meaning the bullish bias may not be as strong as we thought. Now I'll be looking to see...
Had a short bias for a while on GC, however the confirmations we were waiting for, didn't pan out. The bias remains the same and the structure just evolved into a deeper ascending structure, this gives us an even better shot for the short play. Now we're looking for an ascending structure at our 3rd touch on the resistance trendline, this will be added confluence...
In the immediate shot-term, BTC is coiling up for retest 46,6k, former support, now resistance. Formed ascending triangle on 30mins chart. A good sign is if BTC goes above and holds it, but if rejected again, could be seen as a bearish retest... and not so great sign... Indicators look descent for a possible move up. Good luck traders
Important things to note: Price decision coming soon 200MA was tested Main Trendline was tested for a second time price retreats to support again trying to consolidate Ascending wedge broke to downside (did not create lower low) The slope of ADA is flattening BTC has failed to close above 51K for now Important Dates to Take Note of: BTC becomes legal tender in...
Just a quick snapshot of where we are currently at with Telcoin. $Tel is moving within a nice ascending channel which is bullish , RSI is in on an ascending trend as well. The bright green line within the ascending channel is what believe the next moves for telcoin will be, (keep in mind this is a prediction based on the VPVR indicator & resistance levels)....
Important things to note: Descending Triangle broke at 2.90 signaling test 200MA was tested Main Trendline was tested price retreats to support Ascending wedge breaks to downside Important Dates to Take Note of: BTC becomes legal tender in El Salvador Sep 7 2021 ADA Alonzo (smart contracts) go live Sep 12 2021 ADA Summit Sep 25-26 2021 So, as I said before if...
Bitcoin to end of year prediction & important points.. A perfectly lined up ascending triangle, that was freshly formed on the daily. I see the lowest we go is 46k area being the worst, as long as we can close daily's above 46800, I'm overall bullish until we start closing below 46800.
The currency is in its downtrend channel after a strong fall. The price has now hit the channel line and there is a possibility of falling to the specified zone. However, if the downtrend is broken, we will see an ascent to a higher target.
Decision point in the market where we could see a reversal in the bearish trend but until that is confirmed, we have a nice respected level of resistance which also happens to be forming a nice ascending channel.
ADA showed us last night that it has strong bullish support and has no intention of retreating until it tests the all time again at least one more time. I am actually surprised at the amount of bullish sentiment after a failed run to all time high. Usually, the price is severely punished after an all time high miss. However, the bulls don't seem to care, and will...
SOL in ascending triangle, could breakout soon, Volume decreasing and Sol running out of space. BTC drop could ruin this so watch BTC PA also
Potential Reversal play within the HTF Ascending Structure, the ascending within does not look complete yet. Will only take the Correction After the breakout (CAB) entry on this, no risk entry.
I think we might be seeing an inverted head and soulders pattern in daily chart from DOT/BTC. Upside potencial goes to aproximately 0.00075 by this pattern. Shall we wait for the confirmation. In the way to the high point of the pattern it might be a resistance from a suport point of the last bear, breaking could throw the prices above the pattern prediction.
In continuation of the previous post, a nice ascending wedge pattern is near to break downside! what does it mean ? 1- Ascending wedge pattern most of the time informs us about a reversal in the market, mostly in combination with other signals 2- The amounts of this decline is measured by its altitude, in our case, it is 40.5K 3- Remember it needs a proof for...