I just moved the lower trend lines now that there is a new data point. I think this is more accurate. I'm new at this, but I suspect there's a good chance it could drop to around 5.0 before heading back up.
I predict it will go up to bounce off the short term channel former support, now resistance, (A) drop to support at 1733 and bounce here, possibly right up to 1880 or more likely remaining within the triangle and down to the boundary of the LONG TERM CHANNEL (C) (which is the channel we should be looking at) where we can expect it to reverse.
I new at this, so I...
This is the indicator I'm watching now. I If it starts crawling up the channel, it could mean it's respecting that long term trend, and every other time it touched it, there was a mega-pump. There are actually several trends converging right around here, I'm not showing them all. BUT, as somebody here pointed out to me, it's also in a giant rising wedge.
Loading up? I don't know. I've felt for the last few months that DNT is a hidden gem, totally under-valued with one of the smallest market-caps on Coinbase. If you zoom out, there are some major upward trends converging right around here. I've got a big chunk of DNT in my HODL portfolio.
I also want to stress that I've been investing for years, but I'm brand new...
That's as far as I'm going to predict. Something will happen at some point in time, I can say with confidence!
Seriously though, This looks like a pretty strong structure. It looks to me like it will retest support, and if support holds I THINK it will get a good bounce because it's breaking the triangle right around where that lower trend comes into play.
So, I moved the lower trend line and I think this is more accurate. It really loves that downward trendline. I don't know if it will respect that lower long-term trend.
If you disagree, or if I'm doing something stupid, please tell me, I'm new at this.
Atom has been struggling to break the 21.430 resistance, testing it several times since February 12th with no meaningful breakthroughs. For now, it's respecting the lower long-term channel.
I'm no expert, but it looks like something dramatic is about to happen.
Disclaimer: I have a dangerous emotional attachment to this coin, so please tell me if I'm deluding myself!
Hey, so I think I found a strong channel and I'm looking for feedback. Common sense (and studying smarter people's charts) tells me that if it breaks out of this support structure today, which it looks like it's gonna do, it will probably (maybe) maintain that general trajectory.
I think we'll see 5.00 within three weeks, but that is the foolish dream of a naive...
So again, don't know what I'm doing, just having fun trying to figure sh*t out.
It looks to me like SOMETHING is gonna happen here. I'm hoping the f**ker is going to pop, but if not then I figure it will dribble on down to .226 but possibly fall to .1777 .
If it falls through .17 then it's going to take a giant steaming dump.
This is the first chart I've published. I just really admire these structures. It looks like it will test that lower trend line in a day or two, then either pop to a new ath or dribble along between .19 and .20 for a month depending on the market.
Thanks for any feedback! I'm learning a shitload by just lurking and checking out all of your ideas!