A nice textbook setup forming for this coin. Needs to be confirmed but looking good so far. Market has been all sideways lately so watch out for more of that (e.g. false break). Assuming this breakout is strong, one may expect the current candle to close near its high and a nice follow through candle tomorrow. A re-test of the trend line support is also a valid...
Another textbook pattern and a potential breakout setup. Measured targets marked. Not a trading advice. DYOR.
Theta looks to be breaking out of triangle pattern on daily chart. Setting up for a breakout also against Bitcoin.
We last saw the price below .8860 level in MAY-2020 so this should be significant once confirmed. Could target the 0.8750 level upon confirmation. Waiting for the daily close for this.
Buying pressure seems to be building nicely and pointing to a possible breakout sooner rather than later. A weekly close above 82.00 would be a bullish signal. A successful breakout could target the 84.30 area for starters. The HR chart is showing an expanding triangle at resistance level. Looking mighty bullish IMO but still needs to break away from this...
Been watching this setup unfold for a bit now. Seeing some follow through after breaking that tough 0.43 level on a daily closing basis (would love to see the weekly close too). Flip 0.49 and odds increase of a run to a measured move from this huge inverted H&S pattern.
Keeping it simple here as per usual. This as good as it gets if you're a breakout trader. This coin is in price discovery mode so.... moon? :)
Litecoin is acting funny IMO. Seems to have lost momentum and is currently showing bearish signals (maybe for a potential deeper correction or a re-test off that recent low at 111.00?). Looking for a breakout here but I'm thinking it can go in either direction with a 50-50 chance so not a good bet right now for me until we increase the odds a little for either...
Posting about ZIL for 2 days in a row because I really like what's happening here. Market is a bit confusing right now but wouldn't it be amazing if this pair broke out of consolidation off of this diamond pattern? :) Not trading advice.
Currently attempting to break that double-bottom neckline. If confirmed, opens up a run to range resistance for a possible bullish breakout scenario... The bottom is probably in, folks! :)
Has been ranging for the past 2 weeks but last week closed above 0.0265 (barely) which I think is a key historical level (former highest weekly close for $VET). Market traded back below this level this week which indicated a possible false break but it seems the bulls may yet save the week for VeChain and, with just a couple of hours till weekly close, we may see...
Adding a bit more confidence that current prices could attract more buyers soon. I think 33k is logical support and may be a good buyers zone. Note also the downward volume trend as price consolidates further. Looking bullish to me honestly. BUT... This bigger pullback may be confusing traders right now and we may see more sideways before resuming up. An even...
A bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge. A confirmed break opens up a run to new ATH and into price discovery mode.
From a previous post, bullish scenario off of a trading range bottom is looking better IMO. Now we've had a re-test of the low forming what could be a possible double bottom reversal. Just needs to break that neckline around 0.0000233
Breaking that key 0.0265 level is pretty significant IMO. While we still need to wait for a HTF close (e.g. daily close) to confirm, something tells me the bulls have momentum on their side and we may see further breaks of resistances in the near term. Current resistance is a trend line resistance drawn from the 06-JAN-2021 HIGH.
LINK is killing it with its recent rally and looks to re-testing 18.80 key resistance level. Break that on a weekly close basis and higher chances for prices to run new ATHs.
Currently at support and forming a potential breakout setup off of an inverted HS. Let's see how it deals with that neckline if the buying pressure persists.
Breakout setup back in play. Waiting for a weekly close here but not beyond me to entering small and early if LTF price action shows a strong possibility.