Previous price action patterns suggest we will see a rejection around 4710-4720.
Look at the similarities between current price action and price action in May 2012 and September 2021.
Compared to now:
I plan to sell the...
INTC price action is very similar to 2020.
After 2 consecutive gaps down, price bounces to fill the first gap, then we see a sharp retracement to the lows.
In 2020 this sharp retracement was followed by a very strong push to the upside.
This company is undervalued + there are a few bs catalysts like the new line of processors, new CEO, mobileye whatever its...
XLM completed an ABC correction and is consolidating at the lows.
Watch for a breakout of the consolidation to the upside
If price can break the channel structure & key levels expect price to move even higher
AVAX recently broke out of a clear bull flag and price is now gaining momentum to the upside.
Expecting continuation to at least $125 (initial target), but may see this go to ATHs.
Previous BTC analysis below:
Quick 618 overshoot to grab stops followed by a strong rejection. Should see at least one more leg down.
Initial target $43k. If 43k can't be held then I'm expecting a test of 40k at the 50% retracement.
After a clear rejection at the 0.382 fib retracement level, bitcoin is now just a few points away from the 0.5 fib + structure resistance (look left).
If price continues to respect fibonacci retracements then we should expect to see downside from here.
What do you think? Share your thoughts in the comments
Ethereum is trading within a large rising wedge. Price is also at a large supply zone (high timeframe)
Expect this to turn around and take out some long positions
if not going to short at least take risk off longs
I recently warned that BTC was approaching a key retracement level and that we should expect to see a rejection (see previous idea below)
Now we are presented with another opportunity to open shorts on BTC .
After a clear rejection at the 382 fib, price has pulled back to the neckline of a double top pattern that formed on a lower timeframe.
Seems like a lot of...
Current ETH price action is very similar to the price action we saw back in June.
I have labeled the similarities on the chart for easy comparison.
Current plan is to remain bearish below 2540 with a break of the trendline ~2440 as confirmation for further downside.