Not Financial Advice*
The post says most of it. This could be a condensed repeat pattern, time will tell.
Some slight confluence to the idea is similarities between the Ichimoku Cloud and volume.
Shown is my technical analysis for Chainlink. It has a TEXTBOOK cup formation with a potential handle incoming. If the handle forms I expect a healthy retrace to 29.5k sats region
-supported by previous S/R line
-supported by pitchfork(points 1,2, and 3)
-supported by the fib levels(drawn from the ATH candle close to the recent swing low).
On top of...
*Not financial advice, do your own research
This is my first NYSE analysis, I guess it never hurt to be a traditional trader.
Textbook ascending triangle, price could be reaching the end of its compression period, signaling for a breakout, what direction it will go is never 100% predictable
However, typically the height of the triangle (6% price change)...
This is my first analysis here on TV, feel free to leave comments I'm only looking to improve.
A clear upward triangle has formed and has provided some tough resistance around 36k sats and now looking at the 1h chart we can see double resistance provided by the 50MA and 100MA around 34k sats.
Volume has decreased quite a bit since our recent bull...