Noticeably in blue, there's a descending triangle or bullish flag forming, and similarly, on the RSI there is an identical pattern. The DMI is displaying a bullish cross where I have placed the blue downward pointing finger.
It appears as though an Ascending Triangle pattern is forming for GRAMF. The RSI has broken a bullish flag pattern, the downward sloping resistance was pretty consistent until recently, giving the impression of a descending triangle that's now been negated. On the DMI there has been a bullish cross.
It appears as though Ethereum is trading in in an Ascending Channel or possibly a Rising Wedge, the price is staying inside the channel except for one deviation that was very short-lived, I'd disregard that price movement because the overall pattern is more important. I have placed a blue human head and body icon to represent the head of an inverted H&S...
It appears as though Bitcoin is trading in a rising wedge or an Ascending Channel with multiple noticeable support and resistance touch points at the top and bottom of the pattern. On a smaller time frame, there's potentially an Inverted H&S forming, the green human head and body icon is the head of the pattern. On the DMI there has been a bullish cross. It...
If Hive breakouts of the channel to the upside it would indicate that the price will rally further, and on the contrary, if it breaks below it could indicate further downside price movement. On the RSI there has been a series of higher lows since late January this year, and the higher lows started occurring coinciding with the price bouncing off the bottom of the...
TNY has found bullish support at the blue upward sloping line multiple times since April 2020, potentially forming an Ascending Triangle. On the RSI we see a similar pattern as the price, there was a little fake-out that occurred recently but disregard that deviation. On the DMI there's been a bullish cross. Also, worth noting, the red downward sloping...
It appears as though another Ascending Triangle is forming for GME, notice the series of higher lows at the upward green sloping line of support, it's interesting to see a bounce off of the old resistance of the previous Ascending Triangle in blue, inherently bullish. There's merit for an inverted H&S pattern as well, the green human icon is the head of the...
Wow, it's nice to see some short-sellers get roasted, bulls get money, bears get money, and pigs get slaughtered. GME appears to be trading in a GIANT ascending triangle, notice on the RSI there has been a lower high creation for the third consecutive time since January 22nd, but the share price increased and now may be forming a bearish divergence inside of a...
I have left a previous example of an ascending triangle that occurred recently with Ethereum on the chart in dark green, notice how the current pattern formation in blue is nearly identical? On the KST there's been a bullish cross where I've placed the blue finger icon. The RSI is trading in a near-neutral zone, we have no seen any higher high creation on the...
Bitcoin has found some bullish support at the horizontal base of the pattern, this area is going to need to hold if we're going to see continued upside price action. The RSI is forming lower high after lower high, clearly a bearish divergence noticeable since back in December 2020. On the KST we've seen a bullish cross.
It appears as though BUZZ is trading in a micro bullish flag outlined in light green inside of a Macro Ascending Triangle in dark blue. On the RSI it's possible we've seen a double top and an H&S may be on the verge of forming; if so the bullish flag will be negated thus resulting in a descending triangle. If that happens the blue upward sloping support of the...
Hive has consolidated into a bullish flag over the past several weeks and is currently breaking the downward sloping resistance of the pattern to the upside. On the KST there's a noticeable bullish cross. On the RSI we're seeing higher highs and higher lows forming an Ascending Triangle. There's merit for an Inverted H&S as well, see the chart below attached.
This coin makes big & fast bullish moves. It's been lagging relative to the rest of market. I see a short term opportunity here. Potential to retest August highs. Not Financial Advice.
Bullish cross on Mac D daily chart will cause a strong reaction, especially in the current market climate. However, XRP remains a tricky situation as dark days still lie ahead Jan 19th US exchanges will be suspending trading until further notice with market leader Coinbase pausing XRP trading the 19th. The loss of volume from US market will be noticed and...
Bitcoin appears to be forming a falling wedge pattern.. On the KST it's clearly oversold and there's been a noticeable bullish cross where I've placed the blue downward pointing finger. Notice the RSI is continuously getting rejected at the blue sloping resistance of a rather Macro descending triangle, there have been multiple deviations but for the most part,...
It appears as though the consolidation at ATH's is forming a Bullish Pennant, or, potentially an Ascending Triangle. I am leaning towards an Ascending Triangle because the horizontal blue resistance has rejected BTC numerous times during this consolidation period, but the price keeps testing that resistance, and the more a trend-line is tested the more likely...
Regardless of the type (reversal or continuation), rising wedges are typically bearish patterns, even if only temporarily. Bearish confirmation of the pattern does not come until the support line is broken in a convincing fashion. Once support is broken, there can sometimes be a reaction rally to test the newfound resistance level. Ideally, the volume will...
Tilray appears to be trading in an Ascending Triangle pattern, notice the green upward sloping line has acted as support multiple times, fairly bullish considering the now known merger with Aphria. The blue pattern on the chart is forming a bullish flag or potentially a descending triangle. On the KST there has been a bullish cross where I have placed the blue...