ETHBTC looks to be in this channel. TP 0.088
Eth been acting like wound up RUBBER band around BTC. ETH gets a catapult when BTC moves a fraction.
Happens in both directions depending on the bias.
Be careful DYOR.
>Descending Broadening Wedge
In 80% of cases, the exit is bullish.
In 75% of cases, a descending broadening wedge is a reversal pattern.
In 60% of cases, a descending broadening wedge’s price objective is achieved when the resistance line is broken.
In 21% of cases, the price makes a pullback in support on the descending broadening wedge’s resistance...
Looks like a cup with handle forming. This is the 1 hour so not sure if it works on low TFs. It looks promising. We also have a GOLDEN CROSS forming. Could be an explosive move to the upside in the immediate short term.
***dont listen to me, this is for fun only, please do your own research***
I see the rising wedge (bearish). I also see a series of triangles breaking down. I also see a recent parabolic rise prime for profit taking.
I am bullish for bitcoin, but this makes me want to sit on sidelines. We may already be in the decline.
I am a student of trading. My ideas Hit and Miss. Please do your own research. :)
KAVA is in an ascending triangle. Expect explosive UPWARDS move. Why?
- overall trend is UP (good sign)
- price is above both 50MA and 200MA (good sign)
- KAVA is the best DeFI and way undervalued
- KAVA is cheap at four dollars.
If not yet entered, wait for breakout and confirm resistance turned to support. Then off we go!
*sometimes i hit, sometimes miss >...