InnovumConsults

InnovumConsults

$AAPL has been incredibly oversold leading into its new 52 week low established today. I highlighted a couple key points to watch for in the weekly time-frame. $AAPL's next support is the first demand zone (first purple box). That coincides with the downwards channel $AAPL is following since the beginning of 2022. The main key point is seeing continuation in...

InnovumConsults

Bitcoin on the macro trend going into August is showing delicate and decisive price action. Bitcoin has been in a downwards wedge and has shown precise pattern continuation in accordance to its all time fib retracements. Accumulation levels are reaching all time highs which means that people are buying bitcoin up like never before. Going into August we might...

InnovumConsults

On our previous idea regarding $CEL and the potential short squeeze made by retail traders we said that if we broke the consolidating pattern, we would see a breakout and volatile price action. And that's exactly what happened. $CEL broke out hitting $1.19. As traders now see squeeze confirmation, we need to retest the blue previous resistance line to have...

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From our previous idea we saw the break below and did not retest the support required to gather strength to rally to 30k. An interesting detail emerges when looking at the logarithmic chart for bitcoin. Every rally bitcoin had came with a double bottom on a previous top before hand as shown by the purple resistance and support lines. This is on the weekly...

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UPDATE: CEL's consolidation has continued getting flatter and flatter as buying pressure is fighting against the short positions as well as the increased hype to fight against the shorts. An interesting detail is that people are accumulating $CEL right now at 89 cents as if it was at $6.16 according to the accumulation/distribution line. Short traders on FTX are...

InnovumConsults

There has been a lot of hope around Celsius token $CEL regarding a potential short squeeze. The hype around it is coming from retail traders to "save crypto". Although Celsius has gone bankrupt, the hype coming from retail traders is to create a Game stop like squeeze. When looking at the chart, CEL has been in a concurrent downwards channel because of the...

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Ethereum has been closely following bitcoins pattern in breaking the upwards channel resistance. For Ethereum, it has bounced and retested the previous resistance hinting to a jump to 1700 being the next resistance. The next resistance that was used by ethereum's price action to bounce more than 4 times off of is a massive resistance that if broken and...

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As per our previous idea, We saw bitcoin reject off of a huge resistance in the upwards channel. We said for there to be strength to test the next resistance, we need to retest the 22,491 support. To further support the idea of the retest. We take a look at the RSI. We've reached a resistance in the RSI which could be confirming short term bearish movements in...

InnovumConsults Updated 

We've seen bitcoin range for a while in the 20k levels. Right now we broke the resistance of the upwards channel. For their to be strength for bitcoin to rally to 30k, we would need to see bitcoin retest it's previous resistance around 24,491 for their to be enough strength to see a move to it's previous resistance of 30k. If bitcoin tries to retest the 24,491...

InnovumConsults

The crypto eclipse is happening and we are about to see huge movements in price in BTC. Bitcoins price action is nearing crucial and decisive levels. On the weekly chart we are bouncing and ranging on the .5 fib almost right along the support of the upwards channel. On the Daily timeframe the .382 fib is a huge support. The two zones where bitcoin has...