I don't give so much credit to this one because of 30 min TF.
Link has surged massively since it broke 5 USDT. I want to look for a big short on this one and I found out a clear bearish divergence on hourly time fram. Stay alert for reverse of the trend.
1. Inverse head and shoulders 2. Descending triangle 3. ??? Let me know what YOU think !
Silver is undervalued IMO.
Right shoulder is finished almost. Any time a breakout of neckline is possible. * I recommend of waiting of a retest of the neckline if it breaksup or * if breakout is massive and sudden, you can wait for a bull flag to form on lower TF like 1h or 30 mins.
** Bollinger band width is in record lows. ** Stoch RSI is in neutral zone. ** Big symmetrical triangle is squeezing.
Ascending triangle is forming on daily time frame at ETHUSDT. Higher chance to break to the upside. Wait until the breakout from the chart pattern happens. Option 1 : High Risk Enter immediately after the breakout happens Option 2 : Less Risk Enter after the retest of the resistance line is finished and then go LONG with the sign of a BULLISH REVERSAL...
I expect binance to continue surging inside this rising wedge. A breakout near 60$ is possible.
Possible ? ps: never found a working one before at btc chart
Looks like we have a strong bearish divergence in 4 hourly chart here.
Too soon to say ofcourse but those gaps should be closed therefore got me thinking why not form a beautiful H&S pattern in the mean time... time will tell. Ö.Ş
As you can see from the chart, price is climbing but the RSI is declining. This could be a signal of an incoming trend reversal which I expect will draw a new local lower low. If the declining resistance line can not be broken in this rally then chances ore increasing for the bearish divergence I mentioned above to play out. If we see a breakout than this...
Long term tightening symmetrical wedge pattern is coming to an end. Set your alarms. Don't forget to short if it breaks out down.
Volume is declining as the symmetrical wedge pattern is continued. Breakout to upside is more likely since the general local trend is growing. Only trade the breakout to be safe side.
ETHUSD shows clear cup and handle pattern. Let's see.
If Matic bounces from support this may be a nice buy signal
gold seems very bullish, testing the long term resistance once again.