Jasonwnyc1

Jasonwnyc1

Not sure at all if this will play out but just a potential idea for a double bottom reversal pattern

Jasonwnyc1

I'm seeing a couple of things here, one a parallel ascending channel that could be forming and/or a ascending triangle formation both seem like bullish signs. As always if Bitcoin rattles then so does the rest of the market. Safe trading to all

Jasonwnyc1

I'm just sharing what 'Im seeing dont know if it would play out. Cheers ;)

Jasonwnyc1

ALGORAND finally broke out of the Macro descending channel and seems to be currently in a new ascending channel. If we go to the top of this new channel it seems this would be quite bullish. A nice clean double bottom formed on the 4hr time frame which could indicate a possible shift in trend in favor to the upside.

Jasonwnyc1

An ascending channel seems to be forming on the 1hr time-frame within the macro downward channel. There could have been a double bottom outlinde in yellow to facilitate the reversal? There is also a descending wedge within the Ascending channel which could indicate a short term reversal to the top of the channel. Happy trading!

Jasonwnyc1

Algo seems to have broken out of the symmetrical triangle within the parallel downward channel. There is also a widening ascending wedge pattern on the 1hr timeframe being respected which is confluent with both horizontal and diagonal resistance right there as well. Strong bullish setup?