Ethereum broke out of the bullish pennant and beat 1900 as a crucial resistance and is creating new ATH's. If the weekly can close this high, then this is pretty bullish. We just need volume now.
This is a follow-up from about a week ago chart.
Ethereum has the possibility of breaking out of this pennant that it formed after its recent bullish run in the past 6 months. This could possibly be the start of the second wave. Long on Ethereum here
I drew these lines about 1.5 weeks ago. Seems like we've been adhering to the channel since then. I think by end of Friday due to the historial number of options expiring then, we will see if we break or recover... if we break and confirm broken, we could potentially be in a sideways bear market for a little while, if not, the bull keeps running. As of now, I'm...
It seems that LINK has possibly broken out of its downtrend and bounced off the fib lines well. Not much else to say besides that I keep averaging down.
I should've posted this sooner. But, I drew the blue lines and the resistance below about 3-4 days ago. COMP was looking to break out, and obviously, it did now. However, it could possibly keep running. Hard to gauge right now, still holding.
Positions: I bought at $175 average
OXT pulled off a 300% run recently and retracted to the 100% and mark and has been consolidating now. This seems like a bullish pennant to me. So, I'll throw a few dollars at it. Bought at 0.62 and 0.48
Here, BAT breaks out from its channel a few weeks ago, but now is slowly rising and testing what seems to be $0.28. It's edging up nicely and bounced off the 75ema pretty well. However, if BTC were to break soon, then that could rekt alts. I think I'm going to pick some up here. We'll see how it goes.
Check out my recent posts with ZIL and LINK, worked out well.
As described in my previous post, ZIL is in a descending wedge that seems to ironically bullish. Starting to look like a bull flag and is consolidating before a move up. It seems to have pumped with the recent moves by the bigger coins IMO. However, it has resistance at 0.02 but via my trend lines, breaking and closing over 0.02 will give me a reason to become...
Zilliqa, the ancient sharding project that I use to be heavily invested in 2017, now seems to be consolidating and possibly revering up for a big move soon after its run-up from the past few weeks. I know descending triangle patterns are usually bearish but I'm unsure about this one. I think this post is more of a notice of possible movement soon, so I'm going to...
I'm slightly annoyed. With my short experience with charting crypto, I've been seeing crypto more than often follow TA. Eth's breakout seemed obvious now that I see it. But, hindsight is always 20/20. I have a few ETH I've been holding in the past, but if I had seen these meme lines earlier, I definitely would've added more ETH to the bag. Anyways, I'm long ETH as...
Chain seemed to stuck in a descending triangle that just broke recently, held its support near $7 and now I think has a gap to high $8's allowing the potential to run a bit more until it hits resistance at high $8's/9. Although I'm a bit bullish, I stay neutral because I'm not as certain about Chain's movement, especially from its recent rally. I did buy at $7.50.
Didn't ever write that much about bitcoin before. Drew this about a few months back so this is good to see that it broke the wedge upward. It was a huge gap to fill up to 20k; however, it seems like it has to battle up to 14.5/15k, then it could gap to 20k. However, after breaking this wedge, I have no clue on how it'll move on from now. But overall, it seems...
