Its always interesting back testing charts and seeing patters emerge in the same trajectory. The highlighted area shows the run up that Palantir had back in January. The RSI below shows lower highs, simultaneously as PLTR made new highs after the initial pull back at the $30.65 area, highlighted by the trendline. Soon after , the major dip in price that we saw...
EPR saw a 80 % correction in 2020, 1 year ago. After seeing epr increase 55% , then establishing support at $20 and still increase to the upside, I am highly favorable in buying and holding this reit long term considering the sentiment that the market is facing.
ADA rose 30% last time that it was trading above the 13 EMA. Currently we are seeing price continue the same pattern except in the other direction with price trading below the 13 ema down 30%. ADA will see twice as much movement toward the upside.. a 70% increase will have us trading right at Cardano's most recent high in this bull run.
Although the EMA ribbon indicates shorting Ethereum , based off of previous RSI divergence, we eventually saw ETH jump in massive percentages. More divergence showing up on the chart with the same pattern strengthens my signal to buy in. If price does decrease in the short term it would be a very favorable situation for all investors who like scarcity and know the...
This is a revised post showing the EMA ribbon that I mentioned. Mar 16 Great buy in opportunity to go Long right during the wedge breakout at the $1.98 level. Without the ema ribbon this would have been easily identifiable. :)
Great buy in opportunity to go Long right during the wedge breakout at the $1.98 level. Without the ema ribbon this would have been easily identifiable. :)
Putting in a long position after the breakout of the wedge just below $2 would have been a great strategy. As you can see on the chart, the Ema Ribbon verifies my analysis.
$1.94 would have been a great entry price out of this visible breakout of the purple outline. If we reach pre resistance levels around $2.22 we can look for more potential long opportunities.
Bitcoin has now had a breakout from the wedge above the $52k level. This is in correlation with my previous post on bitcoin.
Here on the 1 hr chart you can see that bitcoin had formed a head and shoulders pattern, which indicated a bearish signal. We also had an inverse head and shoulders pattern. Currently, the price is in consolidation. This can either be longed or shorted making it a potential profit for longs and shorts. I'm looking at the $49,000 and $52,000 price levels as...
Here on the 1 hr chart you can see that bitcoin had formed a head and shoulders pattern, which indicated a bearish signal. We also had an inverse head and shoulders pattern. Currently, the price is in consolidation. This can either be longed or shorted making it a potential profit for longs and shorts. I'm looking at the $49,000 and $52,000 price levels as...
This could be bullish in the short term if this double bottom performs well here on the 15 minute. We broke $1400 support so we are of course in a bearish trend. "if its up then its stuck" , not in the case of Ethereum. What goes up too fast can cause corrections like this, in terms of long term growth, pull backs like this in my opinion is very healthy. Keep an...
Great bullish divergence here on the 4 hour. #Etherum #Bitcoin #thetrendisyourfriend
Clear double bottom here on the 15 minute ETH chart. Looking at larger time frames will give you more of a consensus when viewing any asset. The first bottom went down about 4 % around 50 pips, Will we hold this support or follow the previous pattern and drop down 5% (or more) before making a swing to the high (to the moon!) (Data may change at the time of...
In my last post I stated that this can either potentially continue moving to the upside, or that it could possibly breakdown, ( pull backs can be healthy) This pullback has closed below previous support. How far do you think this pull back will go until we break to the upside? I'm predicting that we will gain momentum back and continue to break all time highs....
Check out this 45 min chart, clear RSI divergence, price is an an uptrend with slight pullback. Meanwhile The RSI is signaling Bearish price action. On the other hand if you look at the one minute chart ( price action may vary after post) The price appears to be in a downtrend making Lower lows, Meanwhile the RSI indicates an overbought market, potential...
Potential head and shoulder pattern here. Are yall bullish or bearish ?