Lot of alts making these inverted head and shoulders bottom patterns. I'm kinda just scanning for the ones that haven't broken out yet. Certainly not a guarantee to follow the same path but I believe Cardano led this whole pump (aside from Litecoin). I think the neckline is actually that 13337 (heh) but could be slanted neckline that's already broken
Eth looked quite promising to me but after failing to hold the ascending tri break on the daily and failing the .618 trend fib extension. Daddy BTC also failed to hold the .618 retrace break of the big November fall, which to me signifies the dead cat narrative could be alive and well. To be clear I'm still bullish mid to long term but think we see a more...
don't usually try to catch knives but TSLA coming to bottom of rectangle of 600+ day range. gonna take a stab at long on that horizontal break (break of previous daily lows). it's been power dumping so much I think we at least get a relief bounce
I think Activision has possibly put in a bottom here. We saw a massive downside move that aligned exactly with the Diablo mobile announcement at Blizzcon, which in my opinion was a knee-jerk selloff. We saw climactic volume at the bottom (classic bottom signal) and have a multi-month bull div forming on the daily RSI. Short term action looks like a bull flag and...
Popped back into this clean ascending channel in a bullish reversal 3 candle structure. Clear hidden bull div on the daily RSI and found nice support at the 50 level, signifying to me this was a corrective retracement for further continuation. Popping back into the channel implies that it wants to test top of channel range. The fact that it just held steady after...
I've been racking my brain trying to get a feel for these indices after their panic dump mid-late Friday and decided to pull up an old favorite indicator to see what it was saying. Snow City has put a ton of work into this indicator and has the aesthetics looking absolutely gorgeous in its current incarnation. It happens to absolutely nail some important support...
seems to be a crowded trade at the moment but gotta say this is bearish. still not real keen on shorting this uptrend but flat for now looking for possible dip buys
Moving averages diverging a bit on BTC and losing that channel leans bearish for btc, but btc has seemingly been treated as risk off as of late.The correlation has been hit and miss but keeping an eye if BTC can catch 50 rsi support on daily.
A quote I remember about trading that really resonated with me, is "Forget buy low, sell high. Buy high, sell higher". Bullish ascending tri with measurement. Couple ways to play this imo. Could play the high risk play now based on the fact ascending triangles have a bullish bias, or the safe play to wait for the top horizontal break to long it. Then the really...
Cardano is clearly flagging again here in what looks like a nice Cup with Handle pattern.
I like the look here. nice basing rectangle and increased volume pushes lately. could see it come back to 128-129 sats (kinda doubt that much pullback) but think a 20% move up from here is quite possible
I'll be honest the price action to me looks like consolidation before a breakout but this divergence and losing this trendline looks a bit ominous. Looks like its last ditch effort was this little push in the past 24hrs that seemingly got rejected again, as evidenced by the RSI crossing through the divergence trendline and failing.
very clean neckline but could be continuation version. looking for neckline break to scale shorts/add on retest failure
Lot of eyes on this pattern and it seems to be a fight at this neckline area. Not sure exactly what the neckline is but I can say with confidence it's been broken. I feel like a big move up could be coming. I like how it dipped below and then bulls quickly took it back. Nice R/R long. safe play would be to stop buy above that consolidation level (57.5-58) but I...
breaking ascending trendline; W RSI making clean bounce off 30 to piercing 50. pullback is likely but i'm buying dips