If this macro fractal plays out the way it did last local top, then HNT is fit to explode.
It has already tested the lower bound of the long term channel and we are ready to start wave 5 if you are interested in Elliot Wave Theory.
Here are the next few targets for $NEXO.
This is not only based on technicals but this is the governance token for a VERY solid defi platform with great interest rates, no staking required.
Technically you can't beat it, right at the edge of the channel, just recovered from a double bottom and forming a sym tri consolidation. This looks prime to explode to the...
Historical analysis of the 2017 breakout shows we are seeing a very similar set up occurring.
We may extend a bit further but I believe we will close the week lower and will precede back to the prior ATH of about $19,666 to test it as support before beginning the next bullish leg.
I'm looking to load up again in the 18,500- 21,888 range.
Chart says it all, if you have questions feel free to ask in the comments.
Ascending Triangle forming to break out from the multi year descending channel. We hit the resistance zone and the turned right around to confirm the channel break. We have confirmed the channel as support on the lower time frames. What we are looking for now is a weekly close on or...
AJ looking very bullish as we approach the Multi-year descending channel.
We have fractal Inverse Head and Shoulders on multiple time frames, I will post those below in the comments.
I'm expecting a break and then a retest of the channel and the neckline, then it's off to the races.
If we break the neckline this idea is invalid and we will look too short....
ETH showing very bullish signs going into the weekend. Textbook cup and handle with an ascending neckline right under resistance at the midline of the channel.
I'm expecting a strong move toward the top of the channel and will take a profit at the fib extension.
On the daily we have a typical inverse head and shoulders (blue) cup and handle (green) confluence. We are approaching a huge supply zone.
The confluence on this chart is uncanny, if you zoom out you will see.
Long to the grey target and the green target is if we break the massive symmetrical triangle.
Big buy coming up within the next couple days.
Its not Defi its private browsing...
OXT is showing strong technicals favoring the bulls.
We are breaking out of a multi month symmetrical triangle. A short stop at the 200 Daily and a Bounce off the tri and we are headed to $0.30 and likely beyond.
UJ is testing the bottom of a massive symmetrical triangle.
We already broke the triangle in March but quickly recovered, this time we should see a break for good.
This will be invalidated if the upper bound of the triangle is broken. There is still a chance we can bounce back into the triangle before the fall, but the path of least resistance is short.
Basic Attention Token is testing the low end of the strong bullish channel.
We have the weekly down trend overhead which has already been tested and broken once showing possible bullish sentiment.
We will find out rather quickly whether this is bearish and we should exit, as a break of the .618 would likely mean more downside.
Low Risk High reward set up.