JWalhood

JWalhood

Zooming out to the daily candles, a double bottom based on the closing prices as well as the breakout from the symmetrical triangle both point toward to more upside for ETH.

JWalhood Updated 

Now depending how the next hours proceed for BTC, we could see an ascending triangle pattern form. But if it does break below, it could then be looked as a double top and we could see more downside to test the $43k area.

JWalhood

A lot of you may already be aware of the unfortunate news involving the New Peloton ($PTON) treadmill where a child unfortunately passed away from an accident. The stock price has since continued to fall from their ATHs that was created from the At Home Workout Craze caused by the COVID-19 pandemic. It is obviously heart breaking to hear the stories and also know...

JWalhood

Although the Double Bottom was not perfect, the price was able to break above the Neck line and also confirm the break out by bouncing up and off. The short term price target would be around $2500.

JWalhood

Doge has obviously had a massive run lately. Previously stated a cup and handle pattern formed on the 1 hourly which would lead to short term gains but unfortunately failed to breakout. Now zooming out to the Daily Candles, you can see an ascending Triangle pointing to more possible upside. With memes, social media posts, bullish pattern, and Elon Musk, there is...

JWalhood

I'm sure you have already seen but after the break out from the handle, DOGE failed to break past the $0.42 and therefore the right side of the cup. Followed by this large red candle into the $0.36 it has broken the Bullish pattern and formed it's own sort of double top. Pattern wise, I won't be looking for a long position unless there is some sort of catalyst...

JWalhood

Feel as if the handle needs to hold the $0.35 support or could turn more Bearish than Bullish. Might exit trade for a loss

JWalhood

After the recent drops everywhere, Ethereum needs to bounce off and up from this level to have the possibility to go Bullish. Otherwise, it may turn more Bearish.

JWalhood

Handle is looking good. Be aware of a big red candle that breaks below the channel! This would turn Bearish and would be time to exit.

JWalhood Updated 

From a high of $0.45, to a low of $0.23, and now back to near ATH, the Cup has been formed with a double bottom at the base. Over the next few hours, will observe to see if the handle will form. Also a possibility of breaking ATH with the Double Bottom that formed. If that's the case, will look for new ATH and then to bounce off of the previous ATH and act as...

JWalhood

From the high of $0.45 on Friday, to the low of $0.23, and now back to ATH is shaping up to the Cup portion. Looking for the handle to form over the next few hours before entering trade. But could break the ATH before the handle is formed. In that case, looking for breakout confirmation with a bounce off of previous ATH.