When in doubt, zoom out. About as basic as it gets. measured move of $63 to $290 next year.
Buy the breakout at 133 PT 165
Buy the 200 weekly touch. Sell the first 20 EMA cross.
MACD crossing down on the daily.
This could get very ugly very quickly.
Needs the break out the neckline for confirmation. Bullish RSI divergence.
Looks like $9.00 PT.
So the smaller, steeper trend line has failed, as I thought it might. We Still have the longer and stronger line, which I guess will hold up.
We know RSI divergence in direction from price can foretell a move in the RSI direction. Just as the bearish divergence predicted the recent drop, the bullish divergence can predict the next move up.
Bearish cross of 13 / 34 MA on the one hour has worked out well. If the wedge holds up this should make money. Do your own DD, as always.
Measured Move to the 3.618 fib
SP500 trying another breakout of the 11 year channel.
The last bear wedge worked out. What is different this time? Yes, I know crypto is on fire.
Measured $1.50 move to $3.55.
$20 flag pole and the flag just broke out.
Bullish RSI divergence showing on the daily, like a year ago.
Might go to the 50 Day SMA (in red)