CryptoColugo

CryptoColugo

We see a ascending triangle on the 1 hour chart = Bullish A good entry can be once the price breaks the triangle or when it finds support on the bottom of the triangle. Good luck ;)

CryptoColugo

Hello Friends, If we take a look at the 4 hour chart we can see that we are ranging in a rising channel. Recently we broke a triangle in that channel with huge movement to the upside. We tried to break through resistance but get rejected. Currently there is a new attempt. If we fail again it looks like a double top and in combination of that rejection of the...

CryptoColugo

Hello Technical Friends, In a couple of hours we will now if we need to short or go long. If the the 4 hour candle can close above the resistance line we have a buying opportunity. Good luck !

CryptoColugo

We are currently near a important level to determine which direction we will go. If we can close above the trendline AND the Fib level we will see bullish action. If we can not break this levels we fall back to the bottom of the channel. On the bigger picture it still looks like a bear flag but this can change once we break this levels.

CryptoColugo

This could be a inverse head and shoulders pattern. I think that we will first consolidate a bit on resistance since the RSI levels will need to cool off before rocketing through resistance. Most likely that resistance line will turn into support and will be retested before speeding up gear to higher levels! What you think?

CryptoColugo

A push lower might be coming

CryptoColugo

First stop ; 140 ?

CryptoColugo

To be honest, this chart is looking scary. We broke important support levels. The price is currently moving up and will probably test the trendline that broke. If we can not go back in that channel we might fall deep - 30%! There is a bigger channel if you zoom out and currently we don't have much support. Trade carefully.

CryptoColugo

This chart is more excited to watch than any movie :D Which direction you guys think it will break?

CryptoColugo

Inverse head and shoulder pattern valid after the break of the neckline First target : 0.32 Not a financial advice :)

CryptoColugo

The bigger picture looks bullish with a falling wedge on the 4 chart. But if we can not break resistance we might see a leg down to the support line of the pattern. The head and shoulder pattern is a bearish hint.

CryptoColugo

Hello Chart Friends, There is a falling wedge pattern as you can see on the chart. We also have a symmetrical triangle. Now the question is if we will break the triangle bearish to find next support and than make the trend change or will we break the symmetrical triangle bullish and break both patterns? Anyways it's worth watching the chart and specially if...

CryptoColugo

It's fascinating to watch how some trend lines are reacting so fast once the price hits it. On the 1 hour chart i see a big pattern. A falling wedge pattern which is bullish. In this pattern there is a rising channel. Price recently bounced of the support of that channel and with this it confirms the pattern. The arrows on the chart is a possible outcome. Just my...

CryptoColugo Updated 

Hello chart friends, Do you agree with this Inverse head and shoulders pattern? It's difficult to break resistance but once we do i'm sure the rocket is launched!

CryptoColugo

Long or Short, if you have patience it can all work!

CryptoColugo

I think we will almost see a trend change, bullish ! Any feedback from professional traders are welcome.

CryptoColugo Updated 

Hello Chart Friends, i hope you all have a great weekend! There is inverse head and shoulders pattern forming on the 4 H chart. This is only valid after the break of the neckline. Any thoughts/ideas from professional traders are welcome!

CryptoColugo Updated 

There is a possible falling wedge pattern on the 4 hour chart, currently we can not confirm this because we don't have enough touches on resistance and support. With a good stop loss you might find a good setup. Not a financial advice.