$IOTA has formed a lovely bottoming pattern - Inverse Head and Shoulders
We also produced a nice close above $0.49
This chart is bullish. Next target is around $0.937
I'd be happy to buy spot on this breakout, some may decide to wait for a retest of $0.49. Either way we ae making our way to $0.937 and once that level is broken, $2.32 is next.
This idea is simple. Can you see what I see?
Bitcoin Cash is breaking and looks to close beyond its previous high of around $475.
This chart looks very similar to what we have witnessed so far in the Ethereum cycle and the Wallstreet Cheat sheet guide.
I am a buyer here of BCH from a technical perspective.
Things could get very parabolic soon. Bare in mind that...
Despite all of the news & FUD surrounding XRP, I am very bullish here.
XRP has formed what I define as the initial stages of an uptrend. Starting point, Initial Structure High, Outside Return 1, New Structure High.
Outside return 2 pulled back deep into the green support/consolidation zone.
It is likely that Outside return 2 took out the stops that traders...
Price has fallen to an important level (4020 sats) where I am expecting an impulsive bounce.
Here we have: previous support, fib confluence, a harmonic ab=cd move and bullish divergence on RSI.
Long term I am bullish XRP !!!
Bitcoin remains overall very bullish and should be on its way to $9600.
Price has pulled back and found support at $8425
We could move harmonically, with an AB=CD move pushing us to $9600.
Price only formed a 38.2% retracement (from b to c) which tells me that the next move should meet the extended 1.618 fib.
Looking back this level lines perfectly to...
Hi Traders, this pair is currently bullish as shown on the daily.
Dropping down to the 4hr timeframe, I have identified an interesting area of support.
This support zone is backed by fib confluence and a potential ABCD completion.
If I get the right entry reasons, this presents an opportunity to go long.
Besides that, we have a bat pattern completing within...
Price is currently at support on this pair with RSI over sold on the first test.
If we can put in a double bottom with bearish divergence, this provides a buying opportunity.
Stops and Targets are shown. My targets are dynamic and based off fibonacci.
Based on my technical scoring, we have a valid buying opportunity on the GBPUSD in line with the bullish trend (Daily).
We are sitting on a daily structure level, with strong fibonacci confluence.
RSI was oversold on our initial test
Looking for entries on my lower time frame, in the form of a double bottom with RSI divergence.
Stops are based...
If price pulls down further into the price zone bellow 117.04s it may present an opportunity to go long.
We have previous structure around this level
A strong cluster of Fibonacci levels
and an AB=CD harmonic move.
For entry I require a a double bottom with confluence of RSI divergence and RSI oversold conditions which I look for on the 4hr...
We have a potential Bat pattern completing at 1.3301
This acts as a continuation of the bullish trend.
The pattern completes at previous resistance that can now serve as support.
Target 1 1.3410
Target 2 1.3479
Have a good week
As stated in on the chart, I am currently going through another period of testing. This takes up most of my free time. However give Sharif_KM a follow for good ideas .
I haven't posted in a a while, however we have long opportunity on the AUDUSD @Market
This pattern completed @0.7640 and should serve as a trend continuation opportunity. RSI is also currently dancing around the OS region.
Target 1 @ 0.7675
Target 2 @ 0.7698
Feel free to follow, like, share and comment
We are close to completing this gartley pattern @ 1.1246
This B point pulled deep into the 61.8% retracement but did not touch the 78.6% so remains valid.
Target 1 @ 1.1292
Target 2 @ 1.1321
SL @ 1.1221
This provides us with a good risk to reward ratio.
Feel free to follow, like, share and comment.
On USDJPY we have two potential bat patterns (1H) presenting shorting opportunities in a bearish market (1D)
One is currently very close to completing (deep blue)
The Deep Blue Bat completes @ 100.98 around a level of resistance.
Target 1 @ 100.45
Target 2 @ 100.13
SL @ 101.38
Our Second bat (Red) completes @ 101.97
Target 1 @ 101.04