It feels that the dollar is losing steam and the three drives pattern could push the price back into the 1.15x area. Trading Plan: Long, entry 1.1320-1.1370, TP1: 1.1405, TP2: 1.1470, TP3: 1.1520 Short (high risk), entry 1.1400-1.1420, TP: 1.1378
On the daily levels we see a head and shoulder being formed. Currently on the third touch on the support level looking to retest and break out. I'm looking for a move to the 142.452 level
At previous analysis, we have target at fibonacci 1.414, but bitcoin only able reach fibonacci 1.272 and have pullback after that. This price action trigger a new harmonic pattern perform. Drive 1 (black) Drive 1 already complete with 1.272 as projection. Drive 2 (blue) After reach drive 1 projection, drive 2 perform. If bitcoin able to reach and bounce at...
BINANCE:QKCBTC is getting ready for a massive up trend we have seen positive indication from -RSI -Aroon -EMA and also have witnessed increasing volume and happy to mention that BINANCE:QKCUSD is expected to inflate in coming days as backed by studies. Event updates on Quarkchain: QKC has ended its Bounty program as promised rewards would be sent after...
This pattern is very famous for it's relevance in any type of range. Let's see how it plays out.
MMHVW looking at a potential short at resistance. See chart
BINANCE:DGDBTC has been too low in past two weeks. Massive bull run is anticipated once the figure of 0.0004292 is achieved, highly likely to take place in next 10 days. Kindly Trade With caution and Always use stop loss. in the Market of Crypto Sometimes you win and sometimes you learn. Good luck!
PRZ was tightly formed with the DE 1.272, the BC 1.618 and the 1.00 CD projection from point E. The PRZ is pretty tight and after trading a few three-drives patterns I expect a reversal in that zone. Before placing a trade, I'd watch price action to confirm the reversal before entering the trade. I have 3 price targets specified all based off of the Fib...
Let's see how this play :)
3 Drives TOP 1H? Possible, these bulls FOMO a lot.
If Bulls blast through the Daily SMA 200 , this Bearish Three-Drives , and the Long Standing Descending Channel would dissolve from our charts as they would no longer be valid. If Point C on the Bullish Butterfly is also ignored, then ETH Bulls have had enough - the 100 and 200 SMA would be gained on the Daily. The 100 SMA could very well cross the 200...
ETH Price action broke uptrend line this morning. As outlined in a previous post on Bearish Three-Drives (or Bullish should it maintain it's sentiment), correction could come looking for support around the .618 Fibonnaci ($115-114 range). Bears looking to test the Bulls resolve on this uptrend. SMA 50 nearby, and should act as nice support on the 4 Hour Time...
ETH is displaying what looks to be a Bearish Three-Drives to challenge the Daily SMA 50 and 100 ( Bear Market ). Present position has it aligned with another price surge up towards the previous Daily SMA 50 rejection, and a possible tickle of the Daily SMA 100. If the pattern validates, the correction will come at 61.8% correction . Then on we go? The flip...
This chart is screaming "SHORT" from all possible angles. - Head & Shoulders - 3 Drives Top - Big rejections on uptrend candles - Multiple shooting stars.
We have multiple BEARISH patterns to unfold.
Some Recent 15m price action analysis with Bearish Three-Drives Pattern . I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100 , and the Downtrend Line in place...
We ending this in a beautiful 3 Dives to top that is in formation. Psssst let those bulls open as more longs with a huge interest rate as this will be the most costly and savage drop they experience since 6000$ levels.