Picture perfect reverse head and shoulders formed on XTZ 4h. This is also verifying a cup and handle pattern that was already forming. If we break the second line of resistance, cup and handle will be fully formed as well.
KRAKEN:XTZUSD
Previous post about VET long didn’t happen. BTC dropped, taking market with it, and dropping vet into a new fib channel. Luckily, vet bounced off previous resistance of .185, but we need to see it get over that 20 ema line if it wants to continue upward. Bearish until we can get over that hump.
We have a bounce off resistance trend line on ADA. Given the pattern of the past, it’s a good short opportunity, especially if it breaks through the support line 1.272 support line.
LTC has been bouncing off long term resistance, and just hit 2018 high. Appears to be bouncing down again, forming cup and handle. Looking for validation as it bounces off support for long call.
We see a piercing line pattern has formed on the 4h timeline, and a engulfing pattern is potentially forming in the current candlestick. Both signs of reversal into an uptrend.
Cup and handle pattern is forming on VET, we can see the handle forming now, with a bounce off two support lines (trend line & .5 fib). We do have .618 resistance line that we haven’t been able to break through. If pattern pushes us through, we could see new ath soon!
Using fib channels, we can see the last time GME bounced off the bottom, it rocketed up to the golden ratio.
Right now GME is not only consolidating, but it also perfectly hits the bottom of the fib channel once again. If we take the exact timeframe of the last rise and place it right on the bottom resistance of the fib channel, we can see it perfectly hits the...
