Long position possibly forming on GRT. Looking to complete a cup and handle formation on the 45mins candles. Let's hope it breaks up!
I will post my previous chart on the bottom. I have extended the support/resistance zones. I had highlighted the future support line in orange in the previous chart, and that's exactly where we need to go towards now, as the resistance I drew earlier has been hit. There is no strong pattern being formed right now, so in terms of movement, I don't expect anything...
Update to my BTC charts (linked below) BTC has broken that resistance line on the chart, and is seeing a few green (or white) candles. If we get three white knights, we are looking to hit the top of the channel, which is easily around $31k. However, that red box is kind of a deadly box, and it's gotta clear that to continue up. Longer term: it's still stuck in...
Long term outlook for BTC. Right now the volume is still high during a bearish phase, this means a continuation of price down, but the volume is cooling off - which is a good sign of a trend change. As long as we stay below the blue line when the price is decreasing, it's okay. But if we see a dump happen that cross the blue line, we are in trouble. Vice versa,...
Hello, Just updating my idea below for BTC (linked below) BTC is still stuck in this channel, and any close above means bullish run, and any close below means going down to $26k mark. Just posting this update with extended channels to monitor the price movement. Not a time to go long or short.
It seems that BTC had a nice bullish start for the day, and it seems very promising. Those two blue lines should be the local support areas for the short term. Going below these, I can expect that it will be stuck in the long channel. However, that channel it's in can be a little risky, and it seems bearish for the short term. Let's hope it goes above this...
Bullish break, target is $2.2 Overall bullish on the daily time as well.
This is an idea that depicts Stop Loss Hunting. Stop loss hunting during these kind of times is possible, and given the chart patterns, it seems that it's possible this is what's happening at the moment. We are towards the last leg down, and it's possible that upon the break of this channel there will be a strong volume of sellers, but there will be a bigger...
These are two bearish patterns. A bearish flag is usually in parallel channels, and a wedge is more of a triangular shape. However, in both patterns the price is driven down with high probability. Please be careful. I posted my chart for BTC before when it was neutral, and at the moment it seems like it is still bearish on all time frames.
This is a messy one but its leaning a bit towards a bullish side because the pattern is looking more like a pennant to me than a symmetrical triangle, but correct me if I'm wrong. There is a continuation of a bullish momentum forming here, and if possible a strong 50% may be incoming. However, nothing is confirmed until a break from the triangle is seen.
Let's hope XTZ breaks the ascending triangle. The resistance area is expected around 2.2, and the local support area around 1.48. However, let's hope it goes for the best! We love Tezos, and it's currently around its yearly bottom as well. The chart below outlines are trading indicator which is still in a long phase, however, it should have shorted a while back....
Chart wise, it seems that this is a bearish setup, however, let's wait and see what happens. It is expected to drop down lower towards the $40 mark but let's hope it doesn't! Report on bottom is our indicator which is still in long phase. Report outlines trades from January 1, 2021
Matic chart patterns are exhibiting ascending triangle like behavior. This is a neutral ground, and we don't know whether it will go up or down. In either situation, some local tops and bottoms have been highlighted to show where one would expect selling or buying to occur. Our report on bottom is for MATIC since January 1 of 2021. The indicators are still in a...
ADA chart showing a neutral ascending triangle pattern. It could face resistance upon a break upwards around ~0.80, or if it goes down from the triangle, then possible support around 0.48
Seems like its possible BTC will continue going down as these patterns are forming after a big dump. It can be assumed that there is a bearish outlook here, which means price is expected to go down a bit more.
XRP is possibly in an ascending triangle or symmetrical triangle. Either way, it's a bit neutral right now and in a tight squeeze. It's interesting to see which way it goes. The two arrows point to possible areas of resistance and support. Let's hope for the best.
Similar to some other alts, algo is also in a ascending triangle pattern, and this is a neutral indication. Don't know yet where it will go, so we will wait for a confirmation. Some possible resistance and support zones have been highlighted
Honestly though, where does the nightmare end indeed? ICP has been a constant let down, and I am expecting the price to touch the 2.618 fib level as highlighted, which is around $2.14