I have no doubt that we are dealing with a textbook example of Wyckoff Accumulation Schematic. There is an early stage of trend reversal now. I am definitely bullish!
The bullish divergence on RSI and MACD is also worth mentioning.
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First of all, BTC on-chain data strongly suggests that whales are accumulating and we are about to end that >50% pullback from ATH - this will support all altcoins.
Secondly, MATIC have found support on 21 SMMA (daily chart), created nice pin bar and if we will close today around $1.50, it will be very very bullish.
RSI cooled down, on lower time frames it is in...
after massive gains price is consolidating now in possible cup & handle pattern.
Below actual candles you can see bars pattern which occurred on March 9th-11th.
I am pretty sure that next leg is coming in few days.
Not a financial advise! DYOR
This scenario sounds unbelievable even for me. But there are some factors that make this possible:
1. We are playing with the major support at the moment. Bulls have to hold it if there is some upward movement expected.
2. We are still just above 21 SMMA what indicates bullish market. Hope that it will not be crossed down and close daily candle...
We are just above 21 SMMA, just above the middle of parallel channel (bullish flag) and just below the 1.58-1.64 resistance zone. After breakout upward there will be easy way to €2.00 and after that (more complicated) to final target at €3.00
Ten days in pullback/consolidation - that is enough! We are in pretty nice channel but in short time we should see move to its upper boundary and break. First resistance at 2.17-2.20 zone and final target I think we reach until end of the month is 2.95-3.05 zone.
Not a financial advise, only my opinion. Feel free to comment, ask and share your opinion. Please,...
If you look at D1 price action, there is extremely bullish hammer from February 15th which was followed by morning star (Feb 16th) and strong bullish candle yesterday. Now there is some pullback which I consider already completed.
But let's go to H4 chart. Price is moving in a nice upward channel and has now settled on its lower bound. Additionally, grows will...
Check what happened after COINBASE:NUUSD price reached $0.32 local high on February 1st! Now we are having similar triangle pattern forming after massive grows on Friday last week. On H1 chart price retraced to SMMA, RSI was cooled down and we are ready for the next pump up! We are missing only one element - increasing volume. When buyers will appear, first wave...
After significant increases last week, the price has reverted and we can see a triangle pattern in the chart now. I expect a breakout up with a target of at least 0.60 this week.
Falling below the lower bound of the triangle will negate this strategy.
We've just hit new ATH like I was forecasting in previous analysis. I think in short term there will be no more significant grow. Time for stronger pullback.
On the chart we can see that 11.01 - 18.01 wave is equal to 22.01 - today wave. I am expecting short sellout also equal to 18.01 - 22.01 retracement. Target is 0,55-0,60 area.
After that we can go for 0,88 and $1.
After channel break, price continues its climbing. Nevertheless i am expecting pullback to $0,66 today where are strong support and 61,8% FIBO of last move. Then new ATH is matter of time. Please comment what do you think ;)