Ferragamo is completing a flat top ascending triangle which is a super-bullish pattern.
After dropping 40% since May, in these days we are touching the upward trendline. Here we touched three times since 2012, which is a sign of strongness.
RSI is also in the underbought zone.
A closure over 20MA and 0.786 fibo is a SUPER BUY!
The above references an...
Let's zoom out a bit on the weekly chart in order to use the Pitchfork.
In the last days, cause of the bullrun caused by FOMO, we retested MA50 and also we re-entered in the Pitchfork channel.
So why I say that we still are in a bear market?
As you can see, bulls were rejected by MA50 and we are probably going to close below the channel this week.
If this is...
Before starting: This bull run is just FOMO. Stay away from it, it's too late now. It's too risky and not worth it!
So what I expect?
In the next hours/next few days we will touch MA200, and here we will have two possible scenario:
- if bulls break it, bye bye bear market;
- if bears resist, welcome again 6.8-7.2k.
I'm for the second scenario, in fact there...
ADA looks incredible bullish.
It has formed a symmetrical triangle and is sitting right now on a strong support (already bounced five times here). If we break upward, moon is guaranteed.
Is it the right time to enter?
In this cases I always enter long without a second thought but the current situation of BTC doesn't give me too much securities (check my BTC...
So, let's start in order: ETH/BTC.
It's forming a flat top ascending triangle, which is a super-bullish pattern. I expect a little more drop to 0.53-0.54 which is a good support and then a huge upward movement like Ripple in the last December.
Why? Look at the charts, same pattern! Don't forget that XRP gained over 1000% in value.
This pair is also a pretty...
