You can call these patterns Doji, shooting star, etc., however they are all bearish. That means on the short term, there is a good chance ETC will test the $22 area. But please note, this pattern can quickly change too. That's why I make frequent updates. Long term we are still bullish, and I've highlighted the green zone above, where any break from this point...
OCEAN is opening this month with a very nice pattern called the Descending Wedge pattern. This is a special pattern that indicates a bullish break. The price can enter this pattern after a downtrend or an uptrend, but it is likely to break upwards towards the end. We did have a "fake breakout" recently, so I am not going to say it is 100% bullish right now....
Upon the break of triangular patterns, the best time to open a trade is when it comes back down to test the triangle as support. If you zoom in, this is exactly what ALGO has done. Therefore, it is a great time to go long. The TP levels are set on the chart, and I'm sure it will continue higher after as well.
TLDR: Down before up Right now HERO is clearing the resistance line coming from its ATH. This is triggering the bullish run that it's had past week. Looking at the RSI, it's oversold, and BTC along with all other Alts are declining in price. HERO has very little volume to support the continuation of the bullish trend. Even if it does, it needs to come down...
Please zoom in to take a look. The blue support lines in the bottom at the all time lows - and we saw a support there. This is a good sign. If the price closes above 0.0125 on the daily or weekly candle, then the next target will be 0.028 right away. Not a perfect time to buy due to other factors in the market. However, pay any attention to bull runs. Pick up a...
Possible end phase of the distribution, we want to check the price and see if it breaks the top line to go higher
XED is bouncing off the bottom of this channel, which can possibly be a long signal. However, it is not strong enough for crazy +100% gains. We are aiming for $0.085 here.
This is a Neutral pattern. This indicates that the price hasn't set any strong indication of moving up or down. We don't know until it breaks out of the triangle. I have drawn it very clearly on the chart for you to follow along. In my opinion, this is not a time to open any positions. It is time to wait and observe. If it rises above the triangle, and forms a...
SOL is posting some good numbers and it has cleared a very nice head and shoulders reversal as well. However, please note it is still stuck in this triangle/wedge and on top where the red line is, it is expected to come down. In addition, I have drawn two zones: green and red. Red zone means this is where a lot of resistance lies. The triangle top line and the...
Usually this ascending channel is called a bearish flag, however, due to BTC movements, it is possible XTZ may rise. Nonetheless, XTZ is currently facing rejection and trading weak hands in this channel as you can see (zoom the chart if needed). Upon the break of this channel, we still have those red resistance zones, and the massive long resistance line coming...
Link to previous chart with the same zones is posted below. XTZ continued to hold all the supports I highlighted earlier. In my opinion, these are lower limits, and price below this level is hard to imagine. In other words, below $1.3. I am expecting this to be the floor, and see this as a good sign for the trend up to start now. I have highlighted some...
This coin has started its journey up, as you can see from our profit chart below, we are averaging around +18,000% profit (calculated by Tradingview) As highlighted in the previous chart (linked below), MATIC was aiming for the 0.9 range,which is successfully hit. We achieved the first TP target 1. For TP 2 around $1.15, I believe MATIC needs a little bit of a...
This ascending channel is called a bearish flag, indicating more selling, however, I think it will be on the contrary. I am simply pointing out the pattern right here, which indicates a bearish move. This is not confirmed, and I want to say that it will be bullish instead due to BTC rising. On that note, if it does rise, please take note of the red resistance...
From my previous idea, linked below, Matic has hit the Take profit level, and is now entering the tight red zone. This is a squeeze zone, and it won't stay long here. I am expecting either a drop to the blue support line at $0.79 or a rise to the next red at $1.17 In short, next resistance $1.17 or support $0.79. In my opinion, those daily candles look like...
Fil rose above the 20MA on the daily, and then smashed the 50MA as well. These are pretty slow moving averages, and it's good to see this. The previous pump we saw in FIL had a volume of 77M just on Kucoin alone, in one single candle. After that, the next 3-4 consecutive days we had sell offs but with a maximum of 30M cumulative. That means, more than half of the...
FIL breaks a pennant pennant, and this is a continuation pattern that means, more bullish action. Hold this until $16. TP1: $16 Tp 2: $24
Possible that we are seeing a "W" formation, aka., "Gartley", and or "Butterfly" This isn't confirmed yet, and we want 'to see some closes above the $7 mark to even confirm this. However, if this plays out as the pattern mentioned, then we will search a bearish momentum over take the coin. That means, usually upon the exit of this pattern, the price goes down....
ICP update: I drew the support zone a little too far, so I fixed it. This is from my previous chart (right below) The support zone has held as mentioned, and the price has moved also exactly as predicted. Now we wait for a nice formation to follow. Currently it's not doing much. I will keep it updated if I spot something