Waiting on price to make a decision out of consolidating potential bull pennant. Look to go long to $2.70 region. If break below, we could retest the $2.18-$2.20 region.
On the daily there appears to be a Inverted Head and Shoulders pattern forming.
Cup and handle has fully played out. Now we will monitor price action at current levels. Also using the Fib Levels for targets can be very beneficial in your trading.
Head and Shoulders pattern forming on the hourly. Expect short term targets to be appraoched.
Bullish Pennant Formed. Break out and retest has occurred.
Cup and Handle is setting up nicely on this trading pair. First target level of 1.2645 region.
Look for this head and shoulders pattern to play out. Downside targets are in place. With July setting up to be a month where we can see Bitcoin heading lower, I can see bearish pressure coming into the market to shake out the weak hands of retail traders. In order for us to break $65k, we need a bigger pull back for momentum to the upside.
This is a key level for ADA. It is currently sitting at the the Golden Ratio of the Fib level. If this can hold, I will feel confident in starting the rise again. However, if this level breaks, we could see a 58 cent Cardano which sits at the next 78% Fib level. At this point I will look for short term Long positions while monitoring that downside potential move....
Bart Simpson pattern looks to be shaping up nicely for ADA futures contracts. Expect more selling pressure to the downside target areas.
Potentially have a cup and handle pattern form on the daily chart of USD/CAD. Expect the handle to be form with some downside pressure to pick up demand orders to push pair to the upside.
A HEAD AND SHOULDERS pattern has form in this pair. The downside target also gives us some confluence which lines up with the Golden Fib level of the previous bullish move.
AMP has performed well over the 22 days. Growing 330%. I have taken profit and will look for price to come back into the Golden ratio zone. Which is the 5 cent region.
On the weekly chart we have a head and shoulders pattern. Right shoulder is complete. Will be invalid if we break structure to the upside and close.
M pattern is looking to be forming on the hourly chart. We also have 65% short orders in the market as well. We should get an eventual move to the downside.
Look for Bitcoin to head to the $37,500 region to create the face of Bart Simpson then eventually lower to maybe the $36,256 region to complete the mouth area. As for now, we have the hair formation. Also the inverted head and shoulders on the 4hr is still in play with this pull back. Overall we are temporarily bullish but will have this minor correction.