We find ourselves in another descending channel for YFV. Amidst all the turmoil of change to VALUE the price has came down.
We still have the possibility of a short term breakout of the channel to the upside.
I still feel this is a great buy at these prices.
YFV is looking stronger than ever and it's only a matter of time before it reaches its all time high again.
There are three resistance levels just now which should be broken relatively easily if BTC goes on a run or is relatively stable.
We can see from the DOTBTC chart above that DOT's rise has been on a step up approach. Essentially rising a lot, taking a breather and then resuming the rise again.
This sharp rise looks set to continue as more and more projects are coming out on the Polkadot platform.
Given the rise of the previous step ups (around 50%) we could expect the next step up to...
This will be the same scenario on Binance when they announce support of the mainnet.
Ambrosus is gearing up nicely for a nice run and it starts with moving from the bottom of the current trading channel.
This should see a 50% move up to 329 Satoshi to start with.
After that we're in a new structure and we can revisit it at 330.
You can see from the above that AERGO is forming a bull flag just now which might last for a few weeks before breaking out of that pattern.
Stage 3 of a bull flag pattern would be the breakout of the flag and then the breakout of the high of the flag @650 satoshi.
I expect this, all going well with BTC, to happen within the next few weeks.
Another breakout on the cards for $BEPRO?
the volume is not really there so for a sustained move we need more volume to come in and that will determine the size of the move, if indeed it does break to the upside.
This is an interesting chart in that my previous chart for HPB spoke about a breakout from the symmetrical triangle with a measured move to 3100. That's exactly what happened a few days later.
Now we have the same support line as before but a second symmetrical triangle with a measured move to around the 4500 Sat level.
DREP has not moved much since the alt season began and is till only an MC of $5 Million.
We are in a symmetrical triangle scenario just now with a possible breakout out move, initially, up to 35.
A move up to 57 and 78 is possible after 35 breaks.
So, we're looking at 188% move within a short period of time.
HPB is moving nicely from the breakout and moving toward the 3100 level.
What happens when it reaches 3100?
I expect it will get a slight pullback from there before bursting through the 3100 level and it's clear skies all the way to 13000 satoshi from there, which is a 500% increase from todays price.
I am putting a conservative timeframe for this to happen...
As you can see from the above chart $AERGO has formed an almost perfect cup and handle formation.
We should now see a move up from around these levels as it comes out of the bottom of the handle to break 680 sats and onwards up to 800. After that we should be looking at the 1300 level before it's clear skies to 3000+ Satoshi