We got a pretttty strong looking bullish pennant almost coiled up and ready to pop- I'll be awaiting the RSI crossover to confirm but this looks pretty good in my eyes.
Let me know what you all think!! Are we about to go to da mOOOOOOn?!
Like if you agree and comment your take!!
BTCUSD sitting right @ the $11.8k resistance level- if we can close above this then price action can move towards $13.2k- otherwise we may have some sidewalks action between $10.8k-$11.8k
Like if you agree and comment with your takes!
BQXUSD broke out of previous wedge (see last post)- now we just need to break the .219 previous high to resume- otherwise we could potentially be looking at a double top
Volume has not been picking up like I would have liked to see after the wedge break
Still long term bullish but will be more bullish if we break above .219 and also have an uptick in...
BTTUSD still staying within its ascending channel since the COVID drop- kind of going under the radar relative to other coins but this thing has some pop left in it * I think *
If I had to guess- we have a short term neutral/bearish drop and then chase back up to the top of the channel-
Let me know what you all think!!!
BQXUSD ascending channel failed (see last post)- consolidated at .49 support and now it's back on the rise and it's forming quite the cup and handle formation
I'm hoping cup brings price to about .06 and then we pullback slightly to .56 support before rocket fueling
Let me know what you think!
ADAUSD has been the post COVID crypto all-star- currently in a 4 month ascending channel since the COVID sell off. Still looking bullish!
-21 day EMA acting as price support
-50 day EMA following lower end of channel
In case of pullback- .08267 is looking like a key level to watch based on volume profile
There's a bull flag forming near the top of a LONG TERM pennant
If we break below $8.6k we could come down to $7.7k near bottom of pennant- but if we breakout of this flag we could see price near 2019 ATH of $13.8k
Looking at SPY vs. HIBS (3X High Beta BEAR)- very interesting to see in comparison- here are my takeaways:
1- Look at the volume trends....(SPY volume trendline excludes sell of during island top)
2- Look at formation of the ascending/descending triangles....
3- Is the island top formed in SPY the beginning of the bear trend?
4- SPY-- IF we close ABOVE the...
BTCUSD decision time is coming upon us!
Descending Triangle is coming to an end! I see two possible outcomes:
1) Bullish- we break the downward trendline and pass $9.8k- we then MUST FINALLY break the PESKY $10.5k resistance and then it will be full steam ahead from there. If we break the trendline but don't break $10.5k we're headed back down
2) Bearish- we...
BQXUSD is on the verge of breaking current ascending channel:
1. We're currently at a very important support level of .057 which was failed resistance in early March (before COVID drop)
2. We're still above 21 day EMA --> I can see a situation where we accumulate between EMA21 and .057 before going up again but still need to see how the price action behaves...
VETUSD broke ascending channel (see last post) --> now we must see the severity of this descending channel
Price action is still above EMA21 which bodes well that this may be short term correction/sideways accumulation but need to watch carefully over next few days to confirm/deny.
Like/comment what you think!
VETUSD looks to be breaking current ascending channel and could be headed towards sidewalks accumulation or drop
Still trading above 21 day EMA so not *completely* bearish- next few days will help determine short term direction
Like/Comment your ideas!!!
BTCUSD Hash Ribbons trending toward BUY--> similar to end of April
*Price action between $8.6k-$9.8k short term
*Based on current trend looks like BUY will be triggered in a week or so with bull run to follow to around $13k resistance level