If you look at my previous FLXN idea, I called the short from around $20 to $9 using classical charting techniques. I am now calling the bottom on that trade. It looks like a textbook Adam and Eve double bottom. If you analyze the tape a bit more, you can see accumulation going on in the $11-12 dollar range with anything under $11 clearly being bought back up....
Hi everyone! Before we get started, take a second to hit the like and follow button to get updates on this chart! This is a short-term action plan with finally some good action in the past few hours on Bitcoin. We are heading towards the Monthly and Weekly close this Sunday on Bitcoin and we should always be prepared for both eventualities. Bull scenario: ...
Hi All, At a price to revenue ratio of 36:1 at the time of writing, this is one hot stock! But is it really worth it? We clearly have a formation, but not confirmation, of a double top pattern for APT. We have a clear and solid rejection at the 28.50 zone and a 10% plus drop following. I don't think things are looking good for APT, not necessarily fundamentally...
A 5 minute chart head and shoulder pattern hidden inside the right shoulder of a 30 minute charts head and shoulder pattern has triggered and reached its drop target sending price action down to the neckline of the 30 minute head and shoulder pattern. If the 30 minute h&s pattern triggers it's drop target is 9.6k or so. Considering we have gaps on the CME futures...
syscoin has announced great staffs lately; sys4, spark, eth bridge, 60k tps results etc. however, it has gone lower and lower on cmc. so here it is, if it holds double bottom i am expecting some increase here if not, wellll see ya
The running of the bulls continues and xrp is breaking up from a double bottom right now. If this successfully triggers the target is $.59 cents! However that will just be the beginning as reaching 59 cents will also get us above the last remaining potential top trendline(in pink) of the descending triangle we were in all bear market. So we should see it blast to...
short sweet simple double top, not too greedy with TP.
A break above the double bottom confirmation line can push prize into the potential reversal zone of a bearish shark pattern. LTC is currently breaking bullish with bullish divergence on MACD and RSI. Once price hits the PRZ, a bearish shark pattern will be confirmed when price crosses below Red confirmation line.
We can see xrp has once again broken through the horizontal resistance at 46 cents and is now testing the neckline of the 1 day double bottom pattern. Triggering a breakout of this double bottom pattern can give us a target of 59 cents. Reaching that target should help us rise above any of the other potential top trendlines of our descending triangle pattern(...
I dont see the 1 day 50 ma (in orange dipping lower than this horizonttal red support line before the bottom is confirmed on xrpbtc. I expect it to start making gains against btc once the golden cross s confirmed.
It appears we will bullishly trigger/break an adam and we've double bottom pattern on the daily on the trxbtc chart however we must keep in mind tha since we recently had a deathcross on this chart more losses against btc are anticipated after it hits its breakout target. I assume it will get rejected back down from the 1day 200ma resistance and be bounced back...
If results bad double top comes into play and 8k final support