Hey guys what's good! So here I have my technical analysis on the crypto currency SHIBA INU . As you can see on the 4H chart it is clearly forming a bullish pennant/flag. For those of you unfamiliar with this pattern, it essentially is in a period of consolidation which rises higher and higher and will eventually break and rally upwards. It is squeezing more and...
Part of a larger compression pattern ETH is testing the upper bound of a short frame volatility Diamond
Awaiting a clear pattern as the quick shake-out is met with a bounce and the lower-wick of a newly minted short-frame Diamond. Now to watch for signs that indicate a Continuation or Reversal Diamond.
Consolidation is underway as the temporary supports about the .786 (64.9-28.8K retracement) gave-way.
KLCI index price still in ranging and price may form a diamond/contracting triangle pattern before breakout for resuming uptrend..
The last two pennants confirmed via a Continuation Diamond after a run into resistance. The initial .764 rejection of the 64.9 -28.8K Fib Ruler was met with a bull break to the upside, through the .786 where price is battling now.
Similar to the last pennant break as price found the .764 of the 64.9 to 28.8 retracement and reversed, setting up a Diamond pattern.
The short framed Rising Wedge provided a back test of the pattern (yellow circle) and attained 65% of it's Pattern Break Target. The Diamond Pattern has reemerged signaling an indecision as price works it's way through an eight hour bull flag.
Price found the 76.4% level of the .65 to .764 channel (64.9 -28.6 retracement). Watching for the strength of the consolidation, particularly if price can hold the .65 in the event it returns for a back-test.
Price found the .618 of the Diamond Break and set-up there for the run to upside.
Clear channel for the flag as BTC's price compresses. A move, in either direction, should reflect the coiling-up with a break, back-test and go. A move to the downside has support at the 64.9-28.8K retracement fifty while a break of this larger Diamond has a look up to the Golden Pocket for a retest.
Price has found the Diamond Dart Apex, Price Compression complete, watching for a break and back test.
NASDAQ ends the week with a Diamond Pattern, after the iH&S broke the LH-LL 4 hour pattern.
The 4 C's of diamonds : * Confirms * Coins * Coming * Crash
Price found a second Pivot at the Diamond Break Target .618. Currently supported by the 4 hour LBB.
1. Price has drawn 2 diamonds (diamond in diamond) at the bottom of the increasing (purple) channel. Buy signal. 2. A cycle with a length of 756 days (25 months) is found, according to which the price is now at the bottom of the cycle. Buy signal. 3. All major oscillators and indicators are in oversold zones and give long signals. 4. It is necessary to remember...
There is a clear pattern of pseudo-diamond forms going back to at least the beginning of 2021. They occur at regular 30 day / 4 week intervals. I strongly suspect there is some sort of fractal dynamic in-play. These forms always failed because the market always rallied at the last moment and violated the form by exceeding the high at the mid-point of the...
Found mid-channel support and is retesting, to the upside, the Diamond's .65 Target Level.