Chart noob to full blown chart master? Follow along my journey as I learn to hone my charting skills. Looking to use this as a platform to share my thoughts and what I think will happen on a charting perspective.
Looking at the ETH USD chart, we are likely due for a pullback.
I would suspect with the weekend on the horizon, we may get one little push higher on Friday before we see our pullback but for me personally, I would suspect the pullback will head towards the 0.382 or possibly even the .5 fib levels.
Take it for what it's worth, recently have been seeing red...
With the long period of consolidation and down trend that we have been in, it appears AVAX has decided to break the trend.
I would like to see it test this down trend before moving higher as this would be a perfect entry position.
First target for me would be 4.669 fib level if you want to be aggressive.
If you are conservative and feeling antsy to take...
Looking at the chart, AXS is getting ready to make a move back towards the high.
RSI did NOT form a bull div upon looking closer, however, it did touch the oversold territory twice.
MacD indicator is forming a "trigger wave" which is a bullish divergence as the histogram is moving up closer towards the center line while the price is continuing its move...
I came across this idea of using chaos theory and converting them into Fib levels.
Looking at this idea, i decided to plot out "wild levels" where we use the 4.669, 8.77 as the "wild levels". I took this even further and added the 11.09 and 17.94 fib level to the chart.
What i found the most interesting is that the 17.94 fib level, represented the following bull...
Looking at the chart, its clear that Tesla has bounced very nicely off the gan fan 1/1 line. It has followed this trend quite nicely and each time it tests this line, it tends to break out and continue it's move back up.
I like this trend and continue to see it following this range box. As you can see, we should break out to the upside, looking like we may even...
COS BTC pair has recently formed an inverse H&S and has recently broken past the neck line.
This is a very bullish level and as long as we hold above this neck line, i would expect to see some further growth.
As can see, we just broke past the 1.618 fib level, before retracing a bit. I expect some sort of consolidation around the neck line area where support...
This chart has been drawn out by looking at the 2014 and 2017 tops and looking at the % difference between the 2017 LOWS comparing to the 2014 top.
Taking this difference, we can say from 2017 top we have a potential LOW for where we should be sitting at for a bear season low.
From there we can say the rally between 2014 and 2017 was 1400% which puts us...
Currently we have experienced a long term consolidation of the range lows.
This consolidation has had a breakout towards the upside. We are now retesting the new support line which also has aligned nicely to the 0.702 fib which is the bottom of my buy zone.
I DO NOT expect us to hit this fib level however regardless if we do hit it, I expect a nice bounce from...
BTC has set a higher low on the RSI, while making lower lows on price, we can see this is in a point in time where we should expect to see continued pressure to move sideways at minimum or make a reversal to newer highs.
The histogram outlined on the MACD is also indicating that we are forming a trigger wave which is indicating selling pressure is becoming...
Looking at the charts, we have broken out from a multi-month consolidation period at all time lows. We have broken out and did a SR flip. We are currently testing support right now and we should see a new move upwards from this point.
With the current trend of massive runs, this one has just seen a very nice move higher. I suspect we will get a breather which would make perfect entry to either reload or make an entry.
This could definitely be a 10x flip from here.
Looking at higher timeframe and lower 4hr time frame, it appears we have a local top forming where BTC is struggling. We should expect a retest of support.
To me it looks like buyers are taking a break and letting the price consolidate for accumulating before retesting highs once again.
I am expecting a pullback towards the PCZ as we appear to have hit a resistance level.
Order are in place to pick up more ONT as we retrace into the PCZ. We should bottom out around this level before making a run up towards current price level if not higher.
We saw a nice retracement into the PCZ before moving higher to ATH. Now we are in price discovery I could expect some resistance which *COULD* push us towards a new PCZ as shown in the image.
If we get a pullback, the PCZ is where i'd set my limit orders to enter or acquire more. I'd expect some consolidation before another attempt and pushing upwards.