Newbie here testing an idea. Looks like a bull pennant closing in the next two days. If it breaks 2500 I am looking at a target of 3800 in the short term based on the length of the last flagpole. Fuel has been bouncing off of the MA20 and i think it will do so again. I will be keeping my eye out for a spike in volume above the MA20.
Bullish bias b/c I've been bagholding it since the ICO. Bright side is that there's almost zero resistance at all if it breaks up out of the triangle. Really more of a bull flag but I liked this better. W/e just buy it.
Hey guys I have a couple of charts that are looking bullish today that I want to post. To get it started we are taking a look at OMGBTC. Clear bullflag on the 4hour time frame here. We tested a breakout last night with no follow thru but its looking like we may breakout today. Short term target is in the green box near the 0.618 FIB zone. I have been an early...
EOS just is currently forming an extremely bullish ascending triangle. If the pattern completes, EOS could reach prices of $12 or more! According to the Elliott Wave count, EOS just completed wave 4 and is about to start another impulse wave up. Wave 4 was a 3-3-5 running flat ABC correction, and wave 3 happened to form a downward parallel channel (a.k.a bull flag...
A follow up to the bullflag i noticed forming on the 1hr chart, the bullflag is nearly at its end, im expecting another surge for BTC in the coming minutes!
Nice Bull-flag has formed on the BTC 1hr charts. Great sign that BTC's run is not ever just yet. 15.2k seems to be resistance for this current rally but if it breaks it then im expecting to wake up tomorrow to BTC at or above 16K!!!!
LTC is showing the signs of a bull flag on its daily chart.
I expect an upswing in the short term assuming BTC doesn't drag it down.
Target is $310 to $400
Trig has a symmetrical triangle (neutral) at the top of a bull run, which means it could be a bull flag/pennant (bullish obviously).
The MACD is on the up swing and could cross over at the same time the upper boundary of the triangle breaks.
Trig is one of the few coins that is significantly up but not near the overbought RSI level, which means it has more room...
Continuation from my analysis here:
Reversal formation is getting more obvious now. A bull flag pattern is observed on 4H timeframe. I'm expecting the price to fall down 1 more time before breaking the flag channel, and possibly heading towards $2.8 - $2.83 zone. The previous lower low has been broken and I think we are in a good course for uptrend.
Dash is forming an ascending triangle (Bullish). A break above the top could see a gain of 80-110% the height of the triangle.
A pending order could be placed above the top of the triangle.
Two things to watch out for. Target 1 is the ATH and it's pretty close. We might find resistance or reversal here.
Between the buy opportunity and the max expected profit...
