ALGO descending wedge - a bullish breakout has been confirmed. Take profits along the fib level in the chart. Previous with this pattern on a longer time is below
This is a good special case scenario where a price action after this pattern is usually bullish. If that is the case, I've highlighted the arrow the 0.78 FIB level, which is close to $0.5. If price rises, i'm expecting a resistance there. However, if we continue even lower, i've highlighted a potential dashed line, which shows the path upon breaking from this...
Update from previous chart (linked below) ICP's recent breakout was not a long signal because it did not close above the $13 mark which is required for a trend change. The reason for the rise in price over the last week was due to the Web3.0 convention that takes place annually and these Web 3.0 coins usually see a quick pump and dump that happens. You can...
As provided in my previous chart, a bounce off the $5 line was good, however it was a very weak push up, I was expecting a lot more orders. From the looks of it on the WEEKLY chart, it is closing an indecisive weekly candle, which indicates a possible trend change from bearish to bullish - meaning we can see the price rising in a couple of weeks. I think in the...
Weekly candles are looking thin, which is good during a bear market. It was rejected on the 4HR chart at the top resistance line in red I think it will see $13.50 again, and then hopefully trend up. The blue line in the future indicates the area we want to stay ABOVE and hold as support for a bull run
Must close above the red resistance level for a continued rise up. The second resistance is the higher red level. If it closes below the support or blue line, then we can see a movement down to where the arrow indicates. Careful now, give this coin some time to for a better pattern, right now it's not safe. And also, LUNA in general is not safe.
First thing, red resistance line has been broken coming from many months back. Price is indicated to have a good bullish +30% to +40% in the coming month, depending on BTC stability. In that case, I have marked the local resistance zone. For a quicker time frame we are actually in a resistance zone right now, and it's very much possible that it will go down...
XTZ oversold on Daily and 4hr time frames. Expecting a nice little pullback to $2.08 range or to the local support zone. Strong coin overall, and it is trending up for the long term. Bullish overall on daily. Previous idea linked below
An old resistance line coming Sep 2021 was finally broken. I expect accumulation for a while and when the volume goes very low, I expect a bullish rally to pump it up towards $10. For the long term: price must close above $13 to start a proper 100%+ rally. Otherwise, it's still bearish down to $4. Link to previous chart below. Keep your eyes out for this one, as...
XED has broken the first resistance line, this usually indicates some sort of accumulation period Upon the next rise, I have labelled the sell areas and I am expecting that this coin will continue to meet resistance Note: close all positions when BTC hits $32.7k
As we see the red resistance line has been broken, which caused a little pump today of aprox 10%. I am expecting local resistance around the red box, and any close within this box can see a bigger volume of sellers and it may come down in price for a short while, but not for too long. If it closes in the green box within the next three days, then there is high...
An update from the previous idea link below. ETC has hit the resistance zones as mentioned and we will see a downward movement, as BTC is also coming down. I do not expect the green support line on the bottom to last very long, and it will break easily if BTC keeps dumping.
Updating my previous chart (linked below), this coin has a local support zone highlighted in the green zone. It broke the ascending triangle (neutra) formation going down in price, which means it turned bearish for the short term (1-2) weeks.. and that's exactly what we are seeing right now. It is not showing any strength, and I am assuming the trend will...
These channels are usually continuation patterns, and they continue the trend in how they initially started. We started this going down, however, BTC has pulled a full reversal and instead of our expectation to go down even more, it actually went up and cleared the channel. This may indicate it's trying to reach that crucial 35-38k support zone. However, this...
We are in a triangular formation which is neutral indicator. If the price had a bullish phase, there is a possibility of continuation. If the price rises, the highlighted resistance zone should be where most sell orders are sitting. *** WARNING : Luna is extremely volatile at the moment, and yeah it might even go way past $6 up to $20, but the reverse is also...
These mini channels that form are usually continuation patterns. The price will fluctuate a little bit within them, maybe touch the bottom or top 3-4 times, before making a break for the up/down side. We like to see them because they continue the trend before it entered this pattern. In our case, it's coming from a mini rally that started, and then slowly formed...
QNT has broken a long time resistance line, and there is a good indication of upwards pressure, let's hope it hits the two target zones.
ADA is completing a possible Head and shoulders, or cup and handle formation. Price is expected to drop down aprox. -7% to the level shown in the chart. After that if the pattern is complete we will start a new study.