A 40% drop in price seems unrealistic, however if this structure is indeed a bear flag (blue), then we could see a new low for the athletic performance apparel company headquartered in Baltimore, Maryland. That low, around the $3.40 range would form a trend line in confluence with previous lows in 2017 and 2020.
Looking back on LULU's price history, it once dropped similar to this, both price and RSI, and the dip/correction was copied using the bars pattern and applied here. The pattern fits perfectly with the blue support line. I am not long or short this security, I simply want to track my hypothesis.
Relative to BTC, ETH hasn't had another ATH. Should this happen, and I'm not saying it will, these are the levels I'll watch. I haven't yet thought though the implications of this from a marketcap perspective.. who knows, this may not even be possible, but here it is anyway. w00f!
what are the chances that price breaks out, retests resistance and goes to the moon? Small I'm guessing.
I believe Lumen will reclaim it's $5 price _some_ day. I don't know when, but some day. The internet could not run without Lumen and companies like them. I don't see them going anywhere. The stonk is up today on the news that James Fowler, Executive Vice President and Chief Technology Officer of Nationwide joined the board. This is a patience play, I'm long-term...
This could be a massive, massive 5 impulse Elliott Wave pattern.
Price action moves violently away from 30k. I'll post more thoughts on this later. Just putting the idea out there for now.
This structure looks like a cup and handle to me. I've indicated a key level of support and resistance with the blue lines. Here are some tips for identifying a Cup & Handle pattern: Cup Formation: The pattern starts with a rounded bottom (the "cup") that resembles a "U" shape on the stock chart. The left side of the cup shows a downtrend...
Roku is a brand of hardware digital media players manufactured by American company Roku, Inc. They offer access to streaming media content from online
I've identified what I think are key support/resistance levels for Etsy. Should supports break, I've indicated where prices could go next/lower.
As a NEAR holder I hope this doesn't play out, but I've charted what I consider to be a "worst case scenario" and I'll ask myself, if this happened, how would I play it? NEAR is a simple, scalable, and secure blockchain platform designed to provide the best possible experience for developers and users, which is necessary to bridge the gap to mainstream adoption...
Do I see a triangle continuation pattern forming? (in red) I say speculative view in the title of this Idea because none of the patterns I think I see have completed yet. As a trader, you have a higher probability of trading after validation/confirmation of patterns rather than anticipating their completion. But it's fun to speculate sometimes : ) We could...
Could this be ETH's price channel? If so, we could see prices over 10k this year, and even more unimaginable prices into 2025.
Calculated based on percentage moves on previous price action.
ETH has been wicking into the $13-15 range repeatedly. It's knocking on the door, and I feel like it's just a matter of time before that door opens, support is lost, and the price tanks. I'm not entirely sure where the next level of support is however. I will keep an eye on this one and update as things materialize.
I'm skeptical, but this could be a Bear Flag forming... The bull flag pattern is a continuation pattern that facilitates an extension of an uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
Could this be a continuation / triangle pattern? I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance. Should price action keep testing that level around 218, I could see prices break out, retest...