BTC is potentially in a Head and Shoulders Pattern on this 6d chart, and you can also see clearly this on the weekly as well. Ideally, BTC needs to CLOSE this 6d Candle above the Dashed Resistance Line at around $53,148. If not, then the next 6d Candle will suffice. Failure to do so may validate the Right Shoulder and if BTC drops below the H&S Neckline then a...
BTC is still below its Descending Trend-line. BTC needs to break back above and more importantly CLOSE back above the Descending Trend-line before any long term recovery to the upside becomes concrete. BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC has dropped back under its Upper Bollinger Band which is expected after a large rise and...
VTHO is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Upper and Lower Bands are moving sideways and have plenty of room to expand. VTHO is still above its Least Squares Moving Average (LSMA) for this 1d timeframe. VTHO is still above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed...
ADA is trying to close a daily candle back above its Falling Wedge Pattern. If ADA manages to close today's candle above the Falling Wedge Pattern then its next resistance will be found at around the $1.415 - $1.451 resistance area. ADA is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe and has successfully re-tested it as...
BTC is in a Descending Triangle Pattern on the 4hr. A Descending Triangle is a Bearish Chart Pattern. Note that BTC has bounced off the base of the Descending Triangle 5 times as support. BTC is still under its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. BTC has dropped under its Least Squares Moving Average (LSMA) and it looks like...
ADA is still below its Bollinger Bands Middle Band Basis 20 Period SMA on this 1d timeframe. Note that ADA has not closed a daily candle above the BB Middle Band Basis since 13th Nov 2021. ADA needs to 100% CLOSE a daily candle back ABOVE its BB Middle Band Basis and successful retest as support for any recovery to look promising. ADA has found some support from...
Note that VTHO is in a Descending Channel on this 1d timeframe. VTHO is also potentially in a Symmetrical Triangle pattern. VTHO is still below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we may see the Lower Bollinger Band start to curve inwards if upwards momentum continues. VTHO is back above and has closed yesterday’s...
VeChain was in a massive Rising Wedge Pattern and has broken below it. VeChain is now in a new massive Symmetrical Triangle Pattern. VeChain needs to stay above the Ascending Trend-line of the Symmetrical Triangle for any real upside recovery to take place. At the moment of typing this, VeChain is below its Bollinger Bands Middle Band Basis 20 Period SMA for...
BTC Update: BTC is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that BTC is above its Bollinger Bands Upper Band and we have expansion of the Upper and Lower Bands and this expansion is for positive momentum. Note that BTC is still in the Bearish Zone of the Ichimoku Cloud on this 4hr timeframe. BTC is also back...
VTHO is still within its Symmetrical Triangle on this 1d timeframe. At the moment VTHO has found support from the Ascending Trend-line of the Symmetrical Triangle. VTHO is below its Bollinger Bands Middle Band Basis 20 Period SMA, VTHO needs to get back above this level on this 1d timeframe. At the moment VTHO is below its Least Squares Moving Average (LSMA)...
At the moment ETH is back above its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that the Bollinger Bands Upper and Lower Bands have not expanded yet indicating there is room for more upwards volatility before becoming over extended on this 1d timeframe. ETH is also back above its Least Squares Moving Average LSMA for this 1d...
VTHO has received a massive pump today. VTHO had broke out of its 'adjusted' Symmetrical Triangle today but at the moment it has retraced back under it, a daily close ABOVE the Descending Trend-line of this Symmetrical Triangle and a successful retest as support will be a very good sign of things to come. VTHO is above its Least Squares Moving Average (LSMA) for...
BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that the Upper Bollinger Band is moving downwards and the Lower Bollinger Band is starting to curve upwards indicating volatility has slowed on this 4hr timeframe. At the moment BTC is back ABOVE its Least Squares Moving Average (LSMA) for this 4hr timeframe. A...
Note that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to...
ADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we have had expansion of the Upper and Lower Bollinger Bands and this volatility is on the downside. At the moment, ADA is back above its Lower Bollinger Band but note that ADA is still getting downwards pressure at the moment. ADA is below its Least Squares Moving...
Let’s have a look at the BTC 1d chart using the Ichimoku Cloud system with the 20,60,120,30 settings. Note that BTC is still in the Bullish Zone of the Ichimoku Cloud System. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is...
ADA has broken out sideways from its Descending Triangle. ADA is ranging sideways. ADA is also in a Symmetrical Triangle pattern, which is indicated by the descending and ascending dashed black support and resistance lines. ADA is now in a massive Bollinger Bands Squeeze. A big move should be expected, what direction that is, remains to be seen. ADA is still...
ETH is in a Rising Wedge Pattern on this 1d timeframe. A Rising Wedge Pattern is a Bearish Chart Pattern. ETH needs to invalidate this Bearish Pattern. At the moment of typing this, ETH is still above its Bollinger Bands Middle Band Basis 20 Period SMA. At the moment, ETH is below its Least Squares Moving Average (LSMA) on this 1d timeframe. Note that a close...