Some interesting confluences are printing on ETH daily. Its all surjective in the end. Too many factors of influence therefore patterns and data points helps me allot with closing and opening 'gates'. NFA
Although we are experiencing strong resistance on the 200sma we are still ranging within the main ascending triangle within a short descending channel. I will suggest that the orange bottom ascending triangle trend should hold as support and as an indication of direction. NFA. We might as well see a healthy bounce within the range until the gate becomes narrow and...
With little history and only looking at the data points and patterns we are able to 'close some gates' and roughly chart current and potential movement. There is an overarching neckline and support with data points narrowing it down to the channel SOL is in currently. I expect SOL to chart within these support and resistance diagrams although a bit week in my...
ADA looks fundamentally strong at this point trading within this descending channel. It's however reaching the potential bottom support of this channel which might lead to a breakout. The market valuation will determine the value after the anticipated hard fork scheduled for 12 Sept.
A simple mapping of some data points indicates that the orange triange acts as some resistance within the short term. There is however a larger ascending channel which in my view wil act as support and resistance as the value mature. Fundamental maturity would require various touch poinst within this channel. This might also indicate further and significant...
With over a Billion Dollars being liquidated within 10 min it is clear that a coordinated attack on crypto was attemted today (aka whales) It is nice however to observe relative strong buying pressure coming in for support. With huge optimism the President of Al Salvador announced his gratefulness that his county had the opportunity to buy the dip. Wow what a...
"Often found within an uptrend, but up close appears to be a minor downtrend" I think volume is the key here. Volume currently in a slight downward trend. RSI - in a descending channel Chart - Daily in a descending channel with the upper now resistance - for now
It seems BTC has found support on the orange neckline. Funds might be transferred to ALts and profit taken wich I doubt. The RSI is in a descending channel and a bull flag might also be read into it although it's a bit too long.
Is their someone that is willing to do an analysis of this setup? I would love a different perspective. Thanks
I have updated as per market movement. Iy seems the FUD has filtered through. I am still bullish if I ignore the noise. Buying is an option for me at this correction. Will be looking for trend resistance before I make a decision.
It seems that ADA is forming some bullish momentum on the daily. Both the candles and the RSI is showing a descending channel which suggest a falling wedge on the RSI. The chart shows the same over a short time frame on days which fits into a potential bull flag formation in the ahort term. I ascribe the selloff to FUD in the market which is intense currently....
I initially had three triangles within the larger neckline. The first has been broken and the second currently in play. The third is indicated by the dotted orange neckline. It would be better to have more consolidation within the current triangle and will support the closing of the 200/50 sma even better, close to 14 Sept. The 50sma is still on par with the blue...
My previous triangle for consolidation became invalid with the latest surge. However, a larger corner indicated in yellow remains the bigger picture potentially forming a bull flag. The 50 sms is creeping nicely up hugging the median blue dot looking the close the mouth of the 'whale' with the 200 sma.
Nice consolidation on the daily with the 50 sma creeping ever so closer along the blue dotted median. The orange corner should be ideal as a move maker. Still holding the 200. Whale on it's way to close it's mouth with the 50/200
I am trying to follow the technical, however I also look for pasterns that's evolving around the technicals. I have two symmetrical wedges with the first one on the 12th of June. I pitchforked it and found the same angle as before on the 22nd , I drew a dotted blue line to give some direction. The market structure were extremely fast going up and also extremely...
It's hard to not focus on fundamentals in any case but it is what it is. A good correction to 42500K would be healthy and shake out some weak retailers. There is also a symmetrical radius on 20 July with a blue medium which I expect to follow roughly. The daily candle looks week in candle structure and volume which indicates indecision. The pitchfork provides some...
It's hard to not focus on fundamentals in any case but it is what it is. A good correction to 42500K would be healthy and shake out some weak retailers. There is also a symmetrical radius on 20 July with a blue medium which i expect to follow roughly. The daily candle looks week in candle structure and volume which indicates indecision. The pitchfork provides...
I don't claim to be an expert. I like to look for patterns. I get help allot. Being your own bank is not as easy as I initially though. BTC Marxism leaves a gaping hole in your head.