You can see here on this chart how gold seems confidently above the pink trendline but you can also see to the left of that that we were above this line once before not too long ago and that resulted in a big wick and dip back below the trendline to correct for awhile, as is often the case whenever an any asset breaks above a key trendline like this for the 1st...
It’s still unclear whether or not link’s macro pattern is more valid as a falling wedge or a symmetrical triangle, however it seems now that we are finally closing daily candles above the last potential top trendline for that pattern. That trendline is most valid on the weekly chart so we still need to close the current weekly candle above the white...
This will take price to $1.85 but only if price action can solidify the top trendline of this channel as solidified support. As for now I’m not sold on the notion that is support yet. Need to see either a huge volume surge or possibly 1 or 2 weekly candles close above the top trendline to solidify the support first. It looks good but since there’s always a...
I've been watching this top trend line on LINK. I think if we break and it holds we will see a significant move up. But watch for another rejection. Possible third touch in as many weeks could mean we break. But watch for confirmation. Overall everything looks bullish
XRP gave us a tremendous breakout fakeout on the previous 1 day candle but closed above the neckline of the double bottom which is a very bullish sign...however we also closed under his pink descending trendline which is potentially the real top trendline of the descending triangle we've been in since back when the bear market got started. This trendline had been...
