Hi traders: From my previous LTC analysis/outlook, we see price does indeed form the bullish correction and push the price higher. Now that price has impulse above the previous highs, there's good opportunities for another buy opportunity. Price is likely to consolidate here and form into a bullish continuation correction structure, so be patient and wait for...
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...
BINANCE:ETHUSDT Explain the downside scenario for the price to one Reaching a strong ceiling should also be considered a downtrend We have to wait to understand when the downtrend will start Wait for the price to stabilize below 1.618 in this The price face will fall to close to the low range once broken
Descending or Falling wedge - Bullish pattern developing nicely on XMR (Monero) Stoch RSI on 4hr and Daily low and ready for pump Looking to bounce on the resistance zones then break the falling wedge. Going load up on re-test of the break out Lets see how it plays out Good Luck
Nice descending triangle, My pivot price point is 122.50 A break of that level could open 126 and 130
This is just a really quick update because I don't want to repeat myself. ADA has made a run of the all time high and missed. That is not good because, like I said bulls, like to see higher highs to confirm an uptrend. So we have a descending triangle now which will almost surely be broken to the downside. If it falls, it can be held by the 2.70 support. If it is...
ADA is fighting hard to invalidate the descending triangle. The closer to the end of the triangle it gets, the less incentive people have to buy at the low range and sell at high range because there is less profit. However, by the time the 200MA reaches the end of the triangle, it can be considered invalid because it will not only fill it most of the volume space...
As we topped out at 65k, followed by blow off top to 30k, now we experience classical relief rally which is going to form a lower high. 50k is logical target with heavy resistence to get rejected , weekly volume is fading. Expecting reversal to 30k and as you can see in the chart we will continue with megapattern of descending triangle. Sooner or later we will...
SPY Since September I have been saying something is wrong. The ramp up is as about as real as a Tinder profile. In March 2020 everything was at a stand still. The market lost next to nothing and kept going and going. A lot of us weren't working and a lot of us that were, were producing next to nothing in product to support this type of price action. Mr....
$AMC #AMC It was never forming to be a bull flag...or if it was, it broke structure to the downside. What has appeared is a descending wedge, which is often a bullish formation. It is currently slated to come to an end around the announced earnings date, August 9th. Anything is possible with this stock, but I'm hoping this will be the long awaited breakout (to...
I was looking at 38600 as a key area of support at 100 & 200 EMA currently moving together and BTC is holding up above, as the next key support is @ 36600 (i would really hate to see this range again). So maybe its my optimism or my denial but am seeing a descending wedge pattern which usually breaks upward hopefully to test resistance at 200 SMA @ 44700 Let me...
One more NFT established overhead descending trendline. Just waiting to be broken... But if BTC decides to visit 30k again, who knows where this one will go...
Sand broke out from 6 days descending trend line, will we see higher low next, that would be a great sign. This is initiated by BTC taking 30k level again, but how long will it last and is it going to continue, we have to wait and see... Here is my chart with some entry ideas...
Alpha in descending channel, will we see a reversal soon? Here is my idea about entry points for this trade...
Is it time for the end of correction or BTC will pull this one down also? I am prepared for both scenarios... Here are some useful entry points...
SLP showed us an amazing run-up, will we see a continuation after this correction? SLP formed descending channel which is a BULLISH sign by default, the question is when and will it break up. For me, it makes no difference. I try to be ready for both directions... Here are some ideas about entry points...
In my opinion, as I explained in the previous post, this bitcoin chart chart will continue until almost the end of July, and we will have to wait and see what happens next. I think there are two events ahead of Bitcoin in late July $ 25,000 Bitcoin Or $ 45,000 Bitcoin
ETH is going to New ATH based on this idea! Descending Wedges breakout upward 2/3rd of the time! Waiting For Confirmation! NFA + DYOR! Like, Comment & Follows For More!