Bongos45

Bongos45

Ascending triangle, also cup and handle in play. Easy 2.5x on this one with lots of bullish news coming out this month, including first live listing and top 10 CEX.

Bongos45

As per chart, target is $10.7 or 6x from current price.

Bongos45

Long-term consolidation under $1, means that when it finally breaks it will be a major move. 30x- 50x seems feasible.

Bongos45

KAS has been pulling several 4.618 fib extensions this year, so as KUJI is just getting going on it's first major breakout and retracement (it bounced off 0.5 nicely), it seems quite possible for it to also extend up to it's 4.618 extension. I've put in a speculative ascending triangle, but it could just blast up past it's prior all time high.

Bongos45

Ascending triangle height should get to $2.10. Expect to consolidate above $2 - which will be new support zone.

Bongos45

Multiplied the kuji/btc ratio by 10,000 as kuji is $1.40 and BTC is $34,000 and didn't want to deal with 5 decimal places! Should see $5 by EOY I imagine.

Bongos45

Looks like consolidation has completed for AGIX. A clear falling-wedge breakout with a target of 100% vs BTC.

Bongos45 Updated 

Natural flow indicates a push higher. A failed new high would form a head and shoulders pattern and give a deep correction, and an excellent accumulation opportunity. Best to wait for confirmed breakout and retest for entry up.

Bongos45

It's not a perfect wedge obviously. However the backtest, and quick rejection of it's lower trendline was clear. If this pattern holds true, we should see 4.8 - 4.9.

Bongos45 Updated 

Waiting to see that the breakout holds. Target of $9.50 which is approx 50% move.

Bongos45

Need to see a clear break and hold above 50ma for confirmation of Bull market.

Bongos45 Updated 

We can see the descending triangle (A), ascending wedge (B) both played out as per charting principles. Wedge pattern (C) has broken down, and backtested the wedge. Should now see a reversal down to high 19K.

Bongos45

RSI was actually at resistance (RSI 50 - which is the watershed between an asset being in bull mode or bear mode) - and double-topped at 50. It was an excellent signal to get out of your trade. See chart.

Bongos45 Updated 

We need to see how ETH reacts to EMA34 (2 wk). If it holds then we'll likely have a continuation of the bull run. Otherwise, if it's lost, then a long retrace down.

Bongos45

Inverting the chart shows COTI is "bullish". EMA8 has crossed above both EMA37 and SMMA50. Also, has broken a long standing diagonal.

Bongos45

The inital breakdown happened as expected, but PA now consolidating with a penant for the next leg. Possible targets are 38k or 34k based on Fibonacci retracements.

Bongos45

The $4.5 lines up exactly with the 1.6 Fib extension, so has confluence as well.

Bongos45

Has nicely held above 20wk MA, and looks like September will be a consolidation month. Expect us to resume uptrend sometime October. Upside targets for EOY 2021 are 1.6fib (441), and 2.6 fib (681). Into 2022 I expect to see the upper bound of the channel to be tested, which will be in the order of 2k.