ATOM chart updated to reflect last night's flash crash. Ascending channel more wide.
Cosmos is recovering a bit faster than other alts. At the time of this posting, it has recovered +25% from bottom wick while many are still in double digit red.
Support/Resistance should be at these levels: 20.2, 21.5, 22.7, 24.2.
Break and 2H candle close above 24.2...
Assuming trend continues for COINBASE:ATOMUSD .
Great entry before next push to the upside. Possible +65% return on hold.
* Below 200 MA on the 1H time frame; great entry price!
* Above 200 MA on the 2H chart for support.
* Above 120 MA on the 2H chart for support.
* Trading inside ascending channel since beginning of Feb 2021.
* After hitting next target...
ZRX Price Action
Bullish candle breaks upper trend resistance and closes above 200MA (blue).
Waiting for an hourly candle to close above 120MA (green). 20MA (red) following for support/pullback.
Price knocking on 1.632 resistance to move up. A break above this line and candle close above 120MA (green) can confirm strong breakout to the upside.
Are you holding and ready?
Stargate upgrades on the Cosmos Hub is in 14 hours
ATOM should follow trajectory of trend and stay within the bounds of this channel
Price action can shoot towards target price of $30 after launch
Looking for breakout confirmation from triangle. Trading is tightening. Possible upside breakout as long as it follows trend and stays above red line. Possible +27% upside.
Breakout confirmation will be candle close above 0.575 outside of purple.
Fibonacci Retracement / Support at: 0.5487, 0.5407
Set SL below red line to manage risk. COINBASE:XLMUSD
I posted two Litecoin scenarios yesterday on the 2H charts, Bullish Pendant or Ascending Triangle. It's taking on the form of a Bullish Pendant and currently following yesterday's outlined trajectory. It touched on the first buy opp target very briefly (6 one minute candles) before climbing back up. Reverse to the downside was expected once top of leg touched but...
COINBASE:LTCUSD Provided trading follows trend, Litecoin should form a bullish Pennant, or Ascending Triangle. See my other chart for the Bullish Ascending Triangle. Both scenarios are bullish and price action for Litecoin should yield positive gains in the long term. A break to the upside expected once it nears end of triangle/pennant.
Possible buying opps...
COINBASE:LTCUSD Provided trading follows trend, Litecoin should form a bullish Ascending Triangle, or Pennant. See my other chart for the Bullish Pennant. Both scenarios are bullish and price action for Litecoin should yield positive gains in the long term. A break to the upside expected once it nears end of triangle/pennant.
Possible buying opps labeled on...
XLM triangle closing. Will there be a bounce to the heavens within the next few days?
A small piece of the wick actually fell below lower leg of triangle for a brief second but quickly bounced back inside like a good little boy. Will this be the last high-low we see before moon? Stellar is aching to fly. Let it flyyy!!
Fellow Traders and my JDM Junkies on IG,
Please fasten your seatbelt. You will not want to miss when Litecoin launches off the ground.
Through the volatility, we sometimes forget to look at the bigger picture. Let me remind you again. Litecoin is forming the perfect Adam & Eve pattern on the weekly timeframe. It is the ultimate sleeping giant. LTC has survived...
DOGE was previously trading inside a triangle. It has since fallen below bottom leg and now forming a Falling Wedge Pattern. Will enough buyers be able to hold off the sellers and close a candle above the upper thick yellow line? If so, DOGE may launch to moon again.
We've had some major downward pressure and resistance lately. Remember, STAY THE COURSE. Here's the bigger picture (Adam & Eve pattern) to remind you all what we're trying to achieve. Don't let the short term volatility scare you. MOON WILL LIFT OFF. HODL.
XLM rising after the ashes of correction. Launch codes are ready for lift off. Explosive movement coming.
4H chart - trading within kumo cloud, RSI > 50
1H chart - trading above kumo cloud, RSI > 50
Sitting directly on support line
Shadows above and below candles showing consolidating pattern. Imagine Goku powering up to Super Saiyan. It's about to get real...
Expecting explosive movement from XLM soon. After forming a flag, XLM is currently trading sideways on the 25 MA. BTC is key variable. If BTC breaks resistance, we should expect XLM to follow and rocket towards ATH into the green. If BTC continues to pullback, XLM may retrace back to support levels in the red. We are hovering right above the previous resistance...