Pagseguro or $PAGS, the Square of Brazil, with interesting formation coming out of IPO base. Strong hedge fund interest. H&S formation with a bear flag or larger wedge formation developing?
Hello everyone A lot of great fundamental news in today's headlines, unfortunalty I can't say the same about the technical analysis, let's get straight into this. fundamental There were a lot of rumours going around of investors and analysist, who are claiming that ethereum futures are around the corner. Ethereum had had a very good couple of days last week...
IOTA/BTC 4H - BEARISH FLAG This scenario, in my humble opinion is most likely to happen. Then we would have clear ABC correction to 0.5 fib levels. This actually might happen if BTC make any sudden rupture moves. For now I would stay away for the trade and if I were to enter IOTA/BTC I'd ladder my buy order in the red rectangle zone. Perhaps even in the golden...
This is an hourly chart that I Find to be very trendy. The 50% overall angle of attack makes this a measured move and I believe we are forming the head at the moment of a failed cup and handle quite perfectly on a 50 degree angle of attack. The right shoulder should form around 2675 area. Then, continuation of the daily Inverted Cup and Handle.
2 bear flags are followed by 382 retracements when the 20 day bollinger is broken. Maybe a third is brewing. Look for bottom as 20 and 200 day BB are broken. RSI resistance has been helpful and has now flipped down into next flag. This could be the beginning of something incredible.
As mentioned in my previous post, BTC bulls had to make a move this past weekend, which they did, but is it enough? They pushed the price up to around $7150 as shown by the blue arrow. From that point we lost almost the entire weekend's gain in one 4H period. Since this drop Monday morning there has been some upward consolidation, which I have shown in the blue...