BTC has been trending on an upward momentum since it broke out the inverse head and shoulders. It had been testing the 21ema and it has made HL since the reversal. It finally broke the downward momentum and it is now consolidating before another move, ideally a correction before a leg up.
Let me take you for a different view. It doesn't mean FA, it clearly means price action analysis. We have seen a breakout on rectangle pattern or an ascending triangle what ever you call it. What do you see?
You can't get better than anything at this level when it comes to Harmonic pattern, it is complete Deep Crab pattern at 1.618 extension which also sits at a critical support level if u were to look back in time. That is price action has been respecting the support zone at D for quite some time. RSI has been sitting oversold same as Stochastic RSI, they have...
As major banks tank, Link has resisted its previous sell off. Link has a double confirmation to retest its X-point, as BAT PATTERN-BULIISH confirms and it has retested it previous 2020-ATH and found it as a support, it also daring its previous sell off DEC-3 a minimum retest I see coming its point B and eventually heading to PRZ and expecting a rejection if not...
I wish I had posted this, weeks earlier it was just sitting there Now I am sharing it with you back-to-back HARMONIC PATTERNS. ETH has lost its 200MA and its sitting on AIR. An impulsive move is around the corner, but it needs to retest and complete its pattern for price action. I placed those circles to show a pattern that I have picked. It has seen its most drop...
It is clear we have seen most of the tokens/coins hold a position strongly. ATOM has been at its potential resistance zone on daily close for Bat Bullish Pattern. Analysing the 4hr candle we have a falling wedge pattern that needs to be broken for ATOM to retest previous high on the falling trendline. We have a bullish divergence in the RSI & MACD, that's what we...
In the drawing we have two Harmonic Patterns Back to back respecting the Potential resistance zone. BTC continues it down trend for couple more weeks before we change of reversal. It is holding onto 350MA & 200MA and eventually next support will be on 200SMMA which bring about to the zone where BTC will see a reaction or impulsive trend as long as it respects the...
