ETH has been in a bear flag for about a week, moving up to a level of 4H resistance that lined up with the 50FIb of the recent drop.
When it got there it posted an evening star, before coming back up to form a lower high. I was watching for a bear hammer or similar, and it came at 2AM last night while I was sleeping.
We've since had a Bearish Engulfing.
Link is forming major Divergence on the CCI, forming a HH while the CCI barely dribbles out of the midrange channel. Daily closed as a Bear Hammer at a strong level of previous resistance.
Previous times we've been here Link's also shown a pattern of a strong, High volume push to the level, with a weak, low volume second attempt, before a plunge.
Eth came to 4H resistance and posted a solid Evening star
Change in market structure
Multiple Bearish Engulfings
Broke Support with a bearish engulfing
Came back, tested as resistance, wicked to 61.8
Held at res, Bearish Engulfing.
Link formed a massive bear flag, rejected hard off the 61.8 and then formed new market structure with a LL
Price bounced hard, back to 4H resistance and retest of the bear flag lower support, where it sits now after
forming a Bear Hammer yesterday with declining volume. This level also lines up with the 61.8 of the recent impulse move
out of the...
Eth has been trending sideways after a big run up, finally broken to the downside with a LL
Potential bear flag forming, currently price is at 4H res and the 50 Fib, which I expect to act as strong resistance.
CCI Showing divergence and turned down, steamroller turned down.
Multiple large wicks to the upside.
Formed a LL, come back up, retested 4H resistance and Rejected.
1H: Formed an ascending wedge into 4h Resistance, failed to make a new high, broke out with a huge evening star forming a LL
4H Resistance lines up nicely with 50 fib of previous move down.
Ran fibs on the breakout, price has come back up to retest 61.8 (Also larger timeframe 50) and posted a...
LTC topped out at a level of support, bullish engulfing followed by doji
Failing to create new high - Possible double top
Evening star at resistance, small recovery but doji with large wick to the upside indicating selling pressure.
CCI showing volume is dropping
XRP Just broke down out of it's range.
On the daily's it formed a huge bear flag, which has just broken down from the 50 fib.
It's posted a bearish engulfing, which could create the new supply zone in control.
On the 4H it's Begun to retrace, Indicators are oversold suggesting we may get some repreive here.
The decisive downaward movement has me beleiving there's...
ADA recently changed market structure, posting a LH,LL after a 55% run up.
The 50 Fib of the recent push down lines up with the support line of the descending triangle previously formed before the breakdown, so I've placed a short here as it seems a logical place for a retrace before a continued move down.
ADA Just pumped out above significant 4H resistance it's been battling for a few days.
The 50 and 61.8 Line up beautifully with that level, and market structure is Bullish, with a new HH just formed.
I've placed limits on the fibs, expecting that strong resistance to act as support, and hopefully pick up a ripper entry for a massive run up.
Entered while on a call, logging now.
Market structure bearish,
Retraced from LL
Bearish engulf off the 50,
Entered at Bear Hammer formation off 61.8.
Stop was above previous structure, but possibly should have been above Resistance and 78.6
ADA Just posted a HH off a massive Bullish engulfing.
Trends are often started and ended by engulfings like this.
It's currently battling at supply, and likely to come back down for a retest of the newly created demand zone.