As I take a look at XVG's chart I notice a trend line dragging the price lower every time. After the higher low made by the last run down y noticed this head & shoulders pattern. Now, XVG is currently retesting the neckline of this pattern and we should see a bounce in the coming days.
So, I've been waiting for a setup after pump, most see a bull flag, others sideways action, I zoomed in, and found this ascending triangle in the 1HR chart.
Trade with caution as targets have been reached, personally my second target is $50.00.
ETH is starting to show us what seems to be an ascending triangle in the 4H chart. With the resistance zone being the space between the red boxes and support being the green one. See how price is rejected when it approaches the diagonal support line. This show us strength of this diagonal support. Breakout would possibly lead ETH to ~$120.
XVG seems to be looking for a breakout to close above the weekly diagonal resistance (blue line). Daily levels are holding. This is a no brainer. It hasn't pumped since the april pump, so this one could easily be a 40% short to medium term move.
I got in at the yellow box. Most probably if it closes above the triangle it gives us an indicator of upward momentum. XVG has been weeks at the same price even with BTC dropping 50% from 6K to 3K . A little neutral for now until today's closing price gives me a better signal.
Both the Cup & Handle and the Ascending Triangle are continuation patterns. In my opinion, in the 1HR without the C&H the ascending triangle wouldn't develop. So, that being said, 2HR & 4HR charts scream ascending triangle.
We'll have to wait & see what pattern develops now, but still LONG.
As you can see we are now facing what could be a triple divergence in the 1HR chart. Notice that in the earlier posts of this chart I found a triple divergence in a wedge similar to this one and the reward was awesome. This triple divergence would lead us to what I believe is the ride to confirm the Cup's Handle.
Keep an eye on how it respects the wedge.
So the wedge got bigger. After finding a pattern I usually check for indicators confirming these patterns. As yo can see, every time the wedge hits a lower low, the RSI refuses to drop lower, creating a higher low. This can be considered as a bullish divergence, in my opinion, a medium strength divergence, since the price hasn't made a dramatic lower low, and all...
Currently facing the daily resistance (red horizontal line), see how price stops before crossing each time. Close above this line must happen in order to achieve break out of local resistance (upper red trend line).
Keeping an eye as this pattern plays out.
After the triple bullish divergence I mentioned in my recent ideas, LTC has fallen directly to a support level in the shape of a straight diagonal line to the right. This with the combined "U" shaped double top could be an indicator of continuation of bullish momentum. Still long until my $45-50 target is reached.
LTC is looking to close this 4HR candle above the upper red line. If it manages to do so then I would expect a higher high today before we close the day.
For now LTC is retesting levels. 1HR seems pretty packed. For this hour I would love to see it close past the red line, and then a 4hr close above the red box should confirm the bullish momentum.
Also it is very important to understand the strength of the support in the green box since is has been tested more than 3 times and never manages to break it with...
After reseting it's indicators, LTC looks ready to go for resistance anytime during the day. As you can see in the 1HR chart provided, LTC shows signals of what appears to be a "triple bullish divergence". This occurs when price hits lower lows, while the indicator hits higher lows. Triple divergences are stronger than regular divergences and therefore I believe...
Okay, so I've been closely watching LTC develop this pattern. You can see the neckline of the H&S is clearly what is now being tested as resistance (blue). A daily close above this resistance could be confirmation of the trend change. My personal target in the upcoming days is $50.00.
Okay so, I've been up all night trying to figure out Tron's new pattern and it turns out that it is being stopped by resistance at 575 sats. Maintaining this average high while dropping higher lows, an ascending triangle takes shape. We are close to apex so I believe that any time in the hours to come it might pop. Target is 670 sats, maybe a little lower.
