ChrisZDC

ChrisZDC

Hi, fam, as you can see LTC has a double bottom, a pendant and just broke the neck line. Could be a bullish sign. Not a financial advice

ChrisZDC

Hello, BTC just formed a small scale head and shoulder on 1 hr chart. Based on the small scale, I would expect a downside to 53-54 k range. Not a financial advice. What is your thought?

ChrisZDC

Hi earlier I published a head and shoulder as a continuation pattern for QNT. I found a viewer was confused and believed head and shoulder was solely a reversal pattern. Here is a good example head and shoulder acting both as a reversal and continuation pattern. On Mana's chart, we see there are 2 head and shoulder patterns. The first one you can consider as a...

ChrisZDC

As you can see on the 4hr chart, the price has reached the bottom line of the channel. The price has retraced 0.618 from the previous rally. Lets see if history will repeat itself. If you want to enter for a position, be extremely cautious, this is a meme coin, the fluctuation can be crazy, super volatile. Volatility is bi-directional. If it goes down, it can...

ChrisZDC

QNT has formed head and shoulder on the 4 hr chart, it has broken down the neck line. The possible price tartget is around 200, and as you can see, there is also a support at 198 range

ChrisZDC

Doge has retraced significantly from the previous rally. Now it has reached the bottom of the channel on 4 hr chart. possible rebound incoming

ChrisZDC

Hi guys, I posted a similar elliot wave cycle analysis on Oct 21 ( refer to the chart if you like) This is an update from that chart. Bitcoin, I believe now it is in the the 4th impulse wave (which is corrective in nature). Using fibronocci retracement, we can retrace approximately 50% of the 3rd impulse wave, we get about 53K. As we can see, there is also a blue...

ChrisZDC

Hey, guys, Doges has formed a falling wedge on hourly chart. It looks it did get out from the wedge little bit. It has consolidated pretty well around 29 cents. It looks to me it has passed the top channel line of the falling wedge a little. FYI, a falling wedge is considered to be bullish. A spike of volume will possibly send it to the roof. Tell me what you think.

ChrisZDC

Hello, ETC might be bearish in the short run on 30 min chart. Inverted cup and handle as outlined by the green line is in formation. The cup and handle pattern will be completed if it goes below the green neck line. The next major support would be 44.70. Not a financial advice.

ChrisZDC

Hi, guys, in the previous post, I pointed out there was an ascending triangle on the daily chart. Now, I am even more bullish. There is something I missed noticing earlier. Doge coin also has a cup and handle pattern on the daily chart. as you can see, the ascending triangle is outline by the green line and the cup and handle pattern is outlined by the blue line.

ChrisZDC

doge has formed ascending triangle on daily chart. ascending triangle formed on a downtrend is known to be a reversal pattern. projection from the break out point gives us a possible 35 cents minimum target.

ChrisZDC

Hi, Guys, we just hit a resistance a of previous high. looks like we are on the 3rd impulse of elliot cycle. If it does not break through the ATH, it might possibly retrace to the next support level which is about 50-60% on the fibrinocci retracement chart to complete the 4th elliot impulse. When the 4th impulse completes, the 5 elliot wave cycle will be a huge...

ChrisZDC

Hello, I strongly believe BCH is very bullish, as we can see BCH has formed a bullflag in the small green channel, extension of bullflag will give a minimum target to 740. If we ca go break the top red channel line, i strongly believe the extension of the flagpole can continue on and go all the way 740 and even could go higher.

ChrisZDC

Hello guys, there might be some bearish tendency on the daily chart for sushi. As you can see, the pattern it is forming looks to me it is a head and shoulder pattern with double shoulders to the left of the head. The first shoulder has already formed on the right, now possibly in the process of making the second shoulder. The red dashed arrow is the head to...

ChrisZDC

As we can see on the two channel lines on the chart, ETC is moving inside the channel line(uptrending channel). As we can see, almost every time, the price drops to around EMA 200, it bounces back to a new height. You can refer to the circled spots, where the ETC bounces off the EMA 200. When it bounces off EMA 200, the gain is substantial. This time we are...

ChrisZDC

Hi, guys, this is my first contribution to this community. I just started learning Technical Analysis not long ago, I am studying TA using Technical Analysis of Financial Markets. The current EMA 200 on the daily chart is rising and is about to converge with the price. As you can see on the red dotted line, which is basically an extrapolation of the EMA 200 with...