Let's see if this potential plays out 1) we track to see if the Right Shoulder completes target to ~$4.60 2) lots of resistance at neckline, if price breaks neckline it will confirm the pattern and should give us a second target of 7.60 or so From an elliot wave perspective wave 1 and wave 2 have completed and we should be on our way to wave 3 with higher...
After a meteoric rise, and devastating correction - it appears that GRT is bottoming and in the infancy of reversal. Requires some strength in Bitcoin to continue this bounce, otherwise back to retest the lows and form a rounded bottom. highlighted horizontal lines indicate potential areas of support/resistance
Notes on chart interested to see how this plays out. key points: -RSI overbought on the weekly, expecting further consolidation for now -potential entry at ~$9.50, potential growth to ~$20.00 -breakout could occur with more volume and sustained high RSI for short period of time -MACD on weekly turned bullish, should continue for several weeks this chart is...
As seen with a lot of alt coins right now, a massive bottom formation may be in place potential inverse head and shoulders with target in the ~85 cents range Need to see the neckline broken and retested to support this idea.
simple clean chart to track progress of potential next bull run, assuming the bottom is in. using this as a guide and to map out future events and see how closely they align or misalign with this projection. key targets are highlighted with color coded lines. notable targets: target 1) $6.70 target 2) $10.00 target 3) $15.29 target 4) $23.80 target 5)...
Verge potential bull run will melt faces. minimum 1.618 fib extension could see Verge at 50 cents. Looks like it has bottomed and is forming a solid reversal with a huge base formed and inverse head and shoulders support It made its target of $0.02 cents and could consolidate over next few weeks, looking for bulls to charge ahead and keep this above 50 day MA
notes to myself to track and observe how bitcoin moves. i've removed candle wicks and think that BTC may be channel bound, where the lower possible target is ~27.5k or so (the channel is much more clear if you observe the daily chart with no wicks) light blue support line starts as far back as october, and needs to act as significant support to continue...
reaching that point of bottom? the green box indicates possible Adam + Eve reversal pattern thepatternsite.com
possible 5 wave structure with subsequent ABC correction. for educational purposes. not trading advice clearer on the monthly chart that we are in over bought territory
XVGBTC reconsolidation before break out. potential for an IHS reversal and break out of symmetrical triangles
target 1: $3.70 - 3.94 lets see how the next 2 weeks play out (some time around 4/24/2019)
if the bullish pattern continues to play out. pathway may vary, but targets are listed as: $13.15 $21.88 this is a buy and hold at ~$3.60
TWO SCENARIOS HIGHLIGHTED IN RED AND BLUE. THIS IS A MORE SIMPLE CHART ANALYSIS, LINK TO THE PREVIOUS ANALYSIS BELOW.
WAS alerted to this potential by another analyst's call - Haejin Lee i decided to chart it myself and i too see what he is saying. to xrp hodlers - beware. massive and mini H&S are clearly seen with great symmetry on the chart.
Since BTC is probably going to dump more, as it cannot make a higher high without immediately selling off in terrific fashion -i suspect all cryptos to follow.
just my observations on a potential positive movement i see in the next 2 weeks or so. 30 min in depth view ___________________________________________________________________________ with slight adjustments:
FOLLOW UP TO PREVIOUS POSTS, THERE IS A POSSIBILITY OF BOTTOM HAVING ALREADY BEEN REACHED AT ~1.96 MARK FROM JUST A FEW WEEKS EARLIER. LADDER IN YOUR BUYS. ALTERNATIVE BULLISH CASE RESET