As I told after breakout S.h - support horizontal
I get bearish side. We see the standart TA pattern of
continuation of down trend. Price consolidated in
bearish wedge and started work from 61.8 Fibo lvl.
retracement, brokeout wedge support by strong impulse.
Waiting for continuation of descending movement.
Targets - 5850 - 5200. Dont forget about SL!
1st. option: brokeout S-traingle support,
and continuation falling; trgt=210.
2nd. option: brokeout R-traingle resist. +
next resist. zone(320-330). Then I will
think about bullish scenario.
Price consolidating in rising traingle pattern near R-resist. on background local rising trend, so waiting for continuation of rising movement. Breakout of R will be the signal. Targets - 7600 - 7800. Will do revision of local bullish scenario after breakout S.h. - support horizontal.
LISK is at the trend line, the chart shows the areas of contact of the support line. During the last touch, the trend line broke through, but the asset quickly returned to the growth zone.
Now the LISK is testing the support line, and then, with a high probability, it has grown at least to the 0.236 and 0.382 of the last asset growth.
Zone of resistance...
Local vision: brokethroug r1, r2 +
f-fractal resist.(top of rounded form);
all this action was from S-support and
BTC formed increasing bottoms at the way
- all this factors are bullish.
So, waiting for continuation of local rising
movement to 7200-7250 (1.272 Fibo lvl.)
When price hit 6800 - need to revision of
previous local bullish scenario.
I have many requests about EOS/BTC.
"EOS on the bottom" they told. Ok, brokeout
of r-resist. of small wedge + previous fractal
looks like we have local rising trend. But!
What the real potential of rise? On 1D chart
we see very strong Resistance zone - X point -
crosses of strong R + f1(fractal resist.) +
dynamic resist. of MA 100,200.
So, I think we may see...
PPTBTC after big pump forming falling wedge - reversal pattern. Looking for next fibonacci level
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moving inside rising wedge. My target 7000-7170 and after I wait for the correction and touch of the support line. RSI - overbought. It means that soon we will see a correction.
According to the schedule of shorts, we have reached our maximum and we are in the zone of supply. And shorts should be shortened - this logic should close shorts due to movement in bitcoin up. Longs are in the support zone. And most likely will show an upward correction
BTCUSD moving in flat 6000-6700 area already one week. I saw a small yellow up trend channel but this channel is just figure of trend continu. We have resistance level at 6850 and next 7170. And if we test the upper level of resistance, we will form an rising wedge - also reversal pattern and figure of trend continue.
Most altcoins from the top-100 show a...
EURUSD touched resistance line and go down. Now I see how this pair forming Reverse Head and Shoulders. Dollar be come stronger. Potential fall till 61.8% level fibonacci.
BTCUSD Touched resistance line of triangle and did not break this line. Now we going to the support line of triangle. The triangle is not a definite figure and the break out can be in either direction up or down. In candle analysis I see Bearish Engulfing . Stochastic RSI - overbought
Some reasoning
This upward movement that occurred over the last month was...
