Practicing my analyzing of graph, appreciate any feedback to improve my analysis. Always DYOR and form your own opinions.
100&200 day MA converging and a pennant: bullish signs On the larger scale there's a symmetrical triangle: neutral in character
Here is an update as the structure of this coin has changed, upside is still present. What are your thoughts? Trade with care.
I am personally bullish on this crypto currency - however the first support is broken and potential bounce back of second support, I indicated on the chart. Long term still bullish.
We have a potential Top Double Cup and break-out, on trend with my previous forecast of 7500 Satoshi
An over-extended consolidation period on a strong coin... it's go time.
Typical movement from this cryto. its reached its ATH and now retracting down to its support at around 3000-4000. possible support at 4800, if power carries on diving down, wait for support to jump back in. Look to get in around 4000 with profits taken at around 9000. stop loss at 3600. Happy trading and please be sure to give me a like if you agree or a add me...
POWR just bounced off the rising uptrend. First targets 8k - 9k depending on breaking out of the triangle. Stop loss just under the rising uptrend. Stop loss can be adjusted each day.
Wait for candle to break out of the top of the triangle pennant for bullish confirmation. Flagpole is used for predicting future rise. Stoploss below the triangle if you enter ETH donations are welcome 0x4d5668cA43E1dCAA0D2FBf428b55161262feFBc1
cup forming (2) with the past cup (1). Volume levels show same signs of upward cup trend. Expect a climb back up to a new high. Safe trading/holding everyone.
We can expect a breakout soon which will kick off the 5th Elliot wave. I have tried my best to use the Fib extension and Elliot waves to assume that the 5th wave could go above the 1.618 Fib levels considering the 3rd wave was bigger than the 1st wave (> 1:1). I would really appreciate the inputs of people who are more experienced in analysing charts.
If you followed my last chart you would have caught the dip at 8820 perfectly If you are still waiting to buy in wait for the breakout of the blue cloud for a buy signal but it might not breakout so wait last chart: Tips are appreciated ETH: 0x4d5668cA43E1dCAA0D2FBf428b55161262feFBc1
These fresh coins always have great Elliott Wave sequences. Expect this 5th wave to get very very volatile