Price still within rising channel and expecting a bounce to test midchannel. However total market is bearish and I see lows in January.
Broke out of a long term triangle with retest and good volume. The measured move of the triangle is previous ATH. Range highs are resistances. However volume is lackluster compared to the past. I believe that this Doge pump is Shiba driven which is dragging up the other dog coins, like Samo, and floki. Any weakness in the market will send all the dog coins...
Still has momentum to test the range high again. But it has formed a rising wedge. It is possible it will break down and return to the range's low. Given the overall market condition, I tend toward a downturn, however if BTC.d keeps trending down then it will give breathing space for alts to pump further. Maximum target is 7.2
PA in a descending triangle with measured move at 41.4k. Triple drive reversal pattern formed. in a descending channel. OBV negative. Breakdown from the triangle will send price tumbling fast. I see a 10% drop achieved within 24hr.
The most bearish scenario unfolded in the market. BNB broke down from the symmetrical triangle and now is in a downtrend. The measured move of the triangle is 387.8 . The RSI and CCI are bound by a downward slope. I think the downtrend will continue further with no relief for the bulls till next year. There should be a share on Telegram link for publishing...
Price action has been bound inside a symmetric triangle and now forming a possible Gartley bearish harmonic. Indicators bypassed oversold and on the way up.
and price found support at the level of 567. Likely for price to keep going up as RSI is also rising until it test the resistance of the symmetrical triangle and the descending channel. The descending channel looks like a bull flag. Rejection at the symmetrical triangle will result into a retrace to the triangle support. The descending channel looks like a bull...
and testing mid range support again for the 6th time. If supports hold we can see a test of the widening wedge's resistance. If support fails, we can expect a test of the widening wedge's support. In any case, a descending widening wedge should break to the upside, unless market conditions are extremely bearish . Indicators are around the 50% mark and very hard...
ETH formed a cup and handle with a measured move to 9.4k, However it completed a bearish harmonic, touched supply and broke down from a rising wedge. Currently it is in an ascending triangle a bearish pattern at support of 4.5k. Breakdown of this support will send ETH to retest the breakout level of the cup and handle at 3.9k. The RSI is below 50 and the OBV has...
BTC had a nice absorption wick when it met demand at previous range high confluent with the rising channel support and daily ichimoku cloud. I expect a rise to test the descending diagonal. A break above the diagonal will be bullish. Daily obv about to turn upward. RSI at support.
Broke down from a symmetrical triangle with a measured move of 52k, failed retest of the range high, RSI oversold, funding not deeply negative and obv negative, this hints to further continuation down to the range low at 51k and lower taking out long stops. First support is at 53.9k.
Currently price action is in a holding pattern called equilibrium pattern which similar to a symmetrical triangle. This pattern is neutral and favors no breakout direction. But looking at the indicators, I see more bearishness than bullishness. The OBV is tightening indicating a move soon, and the RSI is trending down and below 50%. I superimposed the September...
Recent ATH has been impressive, taken many by surprise. Part of the surprise in the rise since July 30K bottom has been due to the declining volume, volume decline and price pushes further up. Notable that the on-balance volume has produced a significant divergence since April's ATH. Bitcoin volatility has been on the decline and in a narrowing range which...
I expect a rebound as market markers stretched below supply and took out retail stops. Funding negative, OBV about to flip positive both bullish. This is an LTF swing trade, I remain bearish overall unless market conditions change.
Doge is following a descending channel and in a range between 0.165 and 0.25. Bullish divergence is forming and will likely lead to a retest of around 0.25 and the channel's resistance. The retest will be reject in my opinion. If not then price will continue to the upper mid range at around 0.35. I am very bearish longterm on Doge and I think this coin will fail...
Just based on the fakeout below 43.5% then reclaiming and SR flipping it with slight bullish 4H divergence, if BTC.d goes up it will print an inverse heads and shoulders with a measured move to 57%. I believe BTC can achieve 62% dominance, but BTC is having stiff competitions from a multiple of coins that diverts investors from it. In 2022, in my opinion BTC...
ATH at 5.3k . Currently there is heavy buying activity even as ETH is overextended and formed a daily bearish divergence on the RSI. the 0.786 Fib extension and bearish crab 1.618 is at $5.3k a new ATH. That is if ETH doesn't lose steam and print the daily bearish div at the close and follow through downward. Then we are looking at a double top forming. Many...
Price broke down from rising channel and is back into previos range. Only 5 hours till daily close and confirmation. This is considered as a fake out over key level and is bearish. Daily MACD rolled down and RSI going down from oversold. Testing of the range low is expected. Previously I expected a major pump in October which transpired and reached target and...