The Inverted Adam and Eve served as a double bottom, breaking into a supply zone. This zone was broken to the upside. Earlier in the week the Bull Pennant proved to be a Continuation Diamond, leading to a short HH-HL- HH pattern.
Consolodation after the break-out continues as price rejected the Diamond Break Golden Pocket, finding .35 support.
Check the related ideas below for other still very valid reasons to be bullish on this pair.
Crypto Currency continues it's bullish run as ETH breaks to a Higher High. BTC achieved 61.8% of the Diamond Continuation Break-Out Target with a bull break out of the Flag. Supported by a wick at the 2 hour 50 SMA as the 2nd Dev Bollinger Bands are compressing.
There is not an identifiable trend with a Lower High and Higher Low setting up a potential triangle into next week. Price rejected the lower GP bound at the .618 finding sub channel support at the .35. Resistance is currently found at the 2 hour 8 EMA with both the MBB and 50 SMA above around 14.9 - 15K. Price wicked 2 Hour LBB support overnight.
Diamonds serve as both reversal and continuation patterns, offering rewards to the upside and downside. This creates challenging entry signals. The Diamond is, at it's nature, a fake-out machine. Where there is one, there are often many. BTC has back tested the 2 Hour MBB to the upside as the MBB crosses the 8 EMA. ETH has support at the 2 hour 8 EMA as...
The Short term rising wedge broke bear. The Diamond pattern is for Theta burn. SPX support at the confluence of the 2 Hour 8 EMA and MBB. Supported by a Higher Low at the 2 Hour LBB with the 50 SMA in the middle of that lower range. Diamonds are fake-out machines. Momo names have lost the bid with the safety of mega-tech the current place to be.
Hello trading friends, Depending on DIA it looks we can meet a new increase trend with a possible 100% increase - it's also a Spot coin. Manage the risk with a max of 2%. This chart depending on the price history of trade as you can see in the chart. # this coin can be a long-term investment, so don't expect a fast move. Have a good time.
Support at the 2 hour 8 EMA. RES at the UBB. Diamonds can be either continuation or reversal patterns at the top of a trend.
Hello, This is not financial advice* In this analysis you will see we are still in a bullish pennant or I'd like to look at it as a paper airplane heading to the moon. The support levels just aren't as strong as the levels of resistance. However I believe price is heavily manipulated and am LONG on AMC 2 the MOON. WHY? because the shorts haven't covered the...
A bearish confluence has arisen among all the current bullish signals. This formation is theoretically seen as a reversal pattern and is bearish based on the fact that the price originated from bullish movement. Although the price target of this formation is at $1.29, does not mean it will reach these levels tonight, however knowing crypto assets a 10% retracement...
set a 4 hour HL - wearing out res with a bullflag. Defending the H&S
this week BTC needs to defend it's neckline. Watching to see if we break out of the bear pennant to downside.
One way to look at candles is that they represent the buying and selling habits of all market participants. The buying habits in the zig zag patterns look like bullish and bearish versions of the same pattern. Maybe it's the same buyer who, at a loss, is unloading the same position. Who knows... The first time this happened (circle 1) price made a new high but...
Hello, One month ago I posted a bearish scenario for BTC where the potential diamond formation could drive its price below $40,000 What we see today is that even though the coin dropped below the projected support (January peak) and turned it into resistance, so we are now basically stuck in the $40,000-$33,000 range which more or less marked the lows and...
Losing the dashed Line will be ugly probably will test EMA200 or daily WMA400
HUGE TOP DIAMOND AT ADA CARDANO - 0.76 could be the bottom