Cycles can be identified by a curved rise, then a large pullback back to the average, dipping below the average, reclaiming the average, then dipping below again, and then reclaiming, then the next cycle begins
Cycle 3 in progress
Jump on the train while its hot "roaring 20s"
Looking for the 11000% increase before the fall occurs
Purgatory possibility is there...
An idea for TRON
Top channel band suggests $16 which is a massive increase from the current 0.05
Middle channel band suggests $2 which is also a huge increase
Both of these scenarios make sense, the top band was where price hit in 2017
Time will tell if it repeats
I have used a sort of 'quasi' channel to identify these ranges
Also some funky trend lines...
An inverted Head and Shoulders pattern has been revealed on Decentraland's USD pair
This will likely lead to the reclamation of the major trend line
Price can be seen to be acting 'sticky' to the Fibonacci circle, which I have made a post about
ETH.D has provided us with a flag that will act as the ammunition for a breakout
A break through a key fib level from the downtrend and a fib level from the uptrend
Areas in red prove the fib circle, as can be seen trending around the circle
Ethereum is very hot right now
This is the chart for Ethereum Dominance
SNX has formed a large rounded pattern
with two smaller rounded formations
Price will likely breakout and continue upwards within the parallel lines, forming a channel. Or it may just explode to the upside and create new highs
Rounded formations / tops almost always result in large bullish movements, and we have three of them !
TOMOUSD showing a potential repeating pattern
leading to a massive channel breakout which would be nice
The pattern (1) has repeated itself, so I assume the next structure will repeat itself
It is a big assumption, but the bulls are favored so the chart will probably spit out something like that
Lets go TOMO!
The wedge tool can be demonstrated here
XRP can be seen in 2014 (the early days) pumping periodically throughout fib ranges
When finished it led to a massive breakout.
Now the current rising broadening wedge can be seen to be pumping in the same periodic matter
Is this a sign of a large bull move coming? maybe.
The only difference is this time the wedge is...
Ethereum is still within this wedge structure
Still above the major trendline that has formed (in yellow)
Red dotted line is where price will flirt with below the major trendline before bull momentum returns
I do believe this is just a very long pullback and bull action will resume
If it is, its the biggest shake ive witnessed so far
Dash is currently under the major trendline,
yet is forming a similar pattern (1)
I believe price will come up and sit above 2.618 (just below the major trendline)
And then smash through the trendline (as indicated by the bars pattern)
on the LTCBTC chart the 1.618 fib level is a point of interest, where price will likely be rejected bullishly with aggression
As has been observed in the past
On the USD pair a Golden cross has been recently observed, the previous golden cross on LTCUSD led to the ATH
Will we see ATH this year? likely.
Deathcrosses in red, golden crosses in green
(1) is a...
Idea for CHZ
The risky option is the one I would take if you are longing, as the price transitions between fib levels it introduces more volatility
The safest option is safer because you would likely be able to see some bullish momentum occurring and base the buy off of that