Cardano has formed two large falling wedges starting back on May 5, 2018, and is now forming a descending triangle at the tip of the wedge. Falling wedges are statistically bullish patterns, with the upside of the breakout measured by the widest point of the wedge. Descending triangles, while they can break bearish, if they break bullish also give measured moves...
Cardano is sitting on its major long term trend line right now on the 6 hour time frame,with a very oversold RSI and the TD sequential indicator just hit a 9 count, which is a short term buy signal (6-24 hours). Bitcoin is also looking ready for a bounce after a major selloff pushed the price into oversold territory on most time frames. The combination of these...
There's a clear ascending triangle pattern formed on ADA from the past 12 hours or so... expecting a breakout toward 2950 sats or so if confirmed.
As with most cryptocurrencies at the moment, if bitcoin moves against this breakout it could undermine the continuation pattern since there is a clear correlation with BTC's price action recently.
Just noticed this cup and handle pattern forming on the BTC 1h chart. I'm not saying we're out of the bear market by any means, but this might be a nice setup for some relief from the general downtrend.
It's worth watching at least to see what happens in the coming few days.
Cardano is forming a symmetrical triangle continuation pattern, which, if it sees confirmation, will likely produce a 5-6% gain in price.
The pattern consists of a breakout, followed by a period of consolidation, in which there are at least 3 touches of a lower boundary line, 2 touches on the upper line to form the triangle. There is a parallel channel line...
This chart is starting to look REALLY good... the cup is formed, and now the handle looks promising. The fact that it coincides with the first ever daily golden cross for Cardano is extremely bullish in my view.
We may see a slight pullback while the handle forms, then I expect the subsequent rally to be fast and intense. #fingerscrossed
Let me know what you...
We're approaching the capitulation / sideways movement phase of the bubble curve after seeing the bull trap followed by
panic selling, a price reversal candle, and then narrowing price action range.
Significant early entry buying marks a shift in momentum of sentiment, where most sellers have either exhausted their supply or are holding through the...
Look for a breakout on Cardano once this consolidation pattern completes. ADA historically has extended periods of consolidation, followed by strong breakouts to the upside. Unless there's an event that causes fallout in the market, the general bullish market reversal should continue to drive the price up.
As scary as bitcoin's dips and dives can be, if past is prologue, when bitcoin experiences a death cross (the 50 MA crossing below the 200 MA)
followed by a golden cross shortly afterwards, there is a strong upsurge in bullish momentum that accompanies that pattern. The chart
marks the most recent two times this has occurred which were followed by an 70% and 40%...
After a painfully long month of consolidation, IOTA appears to be approaching a resolution to its price dilemma.
If traditional TA holds true, we could see a 47% short term gain from the breakout, and if the larger overall triangle pattern plays out, the gains could be 125% or more, as we saw in the last big breakout of the coin.
Keep an eye on the break...
See the graph for my thoughts on bitcoin's current pattern of price action.
If we don't extend the sideways move of BTC for a substantial amount of time, a week or two most likely,
then we will probably see a reversion to the mean pull BTC back to the 100 EMA sooner rather than later.
That price is currently $8,708, but is rising with time as the...
LBRY has a new software advance that's releasing on Dec. 20th, and they're way overdue for some attention.
Now that some of the hype is wearing off from the major players in the cryptosphere, other alternative investments are likely
to be sought out for repeats of the moonshots we've seen this past week.
LBRY is one of the few cryptocurrencies on the market that...
IOTA is about at the end of consolidation after filling in a gigantic triangle pattern,
and is currently pushing the upper bound on increasing volume.
The decline took several days to a week to complete, so look for similar growth period to come soon.
THC is right below 1 standard deviation of the mean for its trading range on the 30m and 1h charts, after a substantial retracement of the prior bullrun. Continuation pattern is likely to push the price back toward the upper band of the range, potential 25-50% gain on current price.
There has also been a reversal signal on the TD sequential indicator with a...