XanaduRising

XanaduRising Updated 

Until the S&P 500 decides which way it will go, ETHUSD will likely oscillate in a trading range within this triangle. I would not go long on the daily or longer TF until it breaks above it and has confirmation via a retest. When in doubt: look to the S&P for guidance. Highly-correlated. I don't see below $1700ish and next major significant low to break through...

XanaduRising Updated 

Channel possibilities. Currently there is resistance at the descending channel's top (will this prove to be the descending channel going forward?). If not, we can expect the current ascending channel to become less steep or to maintain an upward trajectory in the steeper ascending channel. A bit of a bull flag (high and tight) the last four bar before today's....

XanaduRising Updated 

Wedge War Lost. Pulling back a bit with the rest of the market. H+S on the Weekly w/ neckline as T/L diagonal. Big bear trend bar on the H4 as well. Maybe I will learn to work this Idea UX better someday.

XanaduRising Updated 

Despite the formation appearing to be an inverted head and shoulders complex, I remain a little bearish on the short term with the prices struggling to get above 3930 consistently (let alone 3950+) and with the volume being so middling. Look for well above avg volume on breakout upon potential pattern completion. Keep in mind almost in uncharted waters so here...

XanaduRising Updated 

Potential H+S pattern forming. No 3D perspective tools on TradingView's platform, but you can see the outline conformationally unfolding in this rotated, larger frame frame of reference In the 15m inute timeframe you can see this more clearly: the pattern is scaling from the larger to the smaller timeframe and if not a H+S from our last retest of ATHs it could be...

XanaduRising Updated 

COINBASE:ETHUSD

XanaduRising

Long term bullish continuation signal which in the ordinary markets (i.e., non-crypto) saw an average rise of 48% (Bulkowski 2021) in bull markets.

XanaduRising

For your viewing pleasure. Ethereum just had its London hard fork activated. Keep an eye on these ratios for important support/resistance on the upside. Volume 20 minutes into 10:00 hourly is well above the mean.

XanaduRising

A Fibonacci-based pattern that is bullish ~33% of the time per Bulkowski. Confirmed a reversal occurs right after its appearance. Here we can see the ratios between the lengths of the sides are Fibonacci #s: 0.382, 0.500, 0.618, 0.707, 0.786, 0.886, 1.13, 1.27, 1.41, 1.618, 2, 2.24, 2.618, or 3.14. As also posted in my previous idea, this can be created with the...

XanaduRising Updated 

COINBASE:ETHUSD Long ETH since $9/USD. This is just an observation as I work through an encyclopedia of chart patterns. Please note this only signals a reversal 38% of the time per Bulkowski, so this is not a particularly reliable bullish indicator. We are above the ~$2460 pivot as of this writing and there was a fairly strong floor around that area...

XanaduRising

Looking to see a run past $40 again for SONO. Much of the analysis presented in the graphs. So long as we do not get bond yield jitters, this stock should be able to move past the (lighter now) $40 resistance level since it crossed it several times even yesterday despite closing below $40 yesterday (02/25). I am very LONG ON Sonos. Own several hundred shares in...