- This is my analysis for EOS , a lot of poepole asking about why EOS is not pumping. - So be careful and consider if the EOS is a good choice or not, maybe it is too risky. - On the chart we can see a rounding bottom or cap and handle formation, which is bullish. - After a rectangle consolidaton, the price started with an Impulse Elliott wave. - First target...
- If we take a look at the chart, we can definitely spot an ascending triangle . - We have very important double top resistance right at the ALL TIME HIGH level. - Litecoin (rank 17) is prepared for a huge pump! - We need litecoin, because bitcoin transactions are very expensive. - That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)...
The 35k level is the full target we run if the bear pennant plays out - but from my understanding, they typically don't fully complete. So, I took 70% of it to make the 37,800ish. The head and shoulders could be trying to complete at 38k. Who will win?
Potential last leg down before we rally? At first, I saw what looks like a symmetrical triangle but it does end up forming a bear pennant. My guess: if it breaks down, we'll see it fall about 70% to target. But that's just a theory.
BTC.D could further retrace and then bounce from 41 level acting as support, otherwise if break down 41 we will see alts continuation until end of year or longer.
- On the chart we can spot an Impulse Elliott Wave and ascending parallel channel! - As you can see we are currently at the 5th wave to the upside, which can be huge! - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - The coin started this uptrend by the...
- On the chart we can see a falling wedge pattern, which is a bullish pattern. - 0.618 FIB acts as a strong support - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
Similar analysis to my GBPJPY analysis I just published, but market formed head and shoulders pattern by trendline and shot up then consolidated towards the end of last week. I'll be looking for a continuation of th3 upward move.
On days like today when the price is going up, I want to buy back in from stablecoins, but my anaylsis is telling me that the downward trend has not yet been broken. I'm waiting the trends to have a clear sign of reversal in the pennant or channel.
Eurusd is forming bullish pennant continuation pattern. For confirmation enter at the break of above trend line structure signaling continued moment
- This is my technical analysis for BTC.D - as you can see, we are currently breaking out of the descending channel. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
First the reversal Then the setup Wait for retest Finally RIDE the wave up -LarenzoYouDork 💔
My reasons for taking a short trade here: 1. Price has broken out of a bigger structure (an ascending channel), theres a 90% chance of it going to the bottom of structure 2. Downward trend which has created a rising wedge which is a reversal pattern 3. Price has broken out of the rising wedge 4. Downward move followed by correction which creates a bearish pennant.
Bulish pennant forming after we will see bulish trend Target price $25
Looks like a mini pennant pattern with a $1 upside in the near term.
ZBRA : Ascending triangle forming on Zbra. To avoid fake breakout, wait for a move above 518 to enter a long position. Potential move of usd 90 to the target zone mentioned on the chart. Note that the pattern can fail if the overall market drops. Trade safe.
- Avalanche AVAX Rank #11 Coin on coinmarketcap. - The price is above the All Time High level, which is of course very bullish. - We have a huge parallel channel, can serve as a resistance on the top. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If...