Nice breakout of the W pattern on 1H chart after the M which has perfectly played.
T1 is around resistance zone circa 57.2 <-> 57.7
T2 is the diagonal resistance of the triangle
Breaking the triangle resistance would be very juicy and lead to 67k
KAI exceeding my predictions much faster than predicted.
After 0.14 weak hands selloff, next target is 3.618 fibo level at 0.9 !
This ALTCOIN is mooning and has a brilliant future based on solid fundamentals.
Nice bullish flag / pennant formed.
Breaking and confirming breakout, there is no resistance beyond towards a new ATH.
Resistance lvl between 7.15 and 7 rectangle (potential bounce on it before breakout).
2 very nice patterns : showing a decisive point.
A Gartley with targets at 0.55 and 0.45
A bull flag with a target for the pole at exactly 161.8 Fibonacci level
For the bullish scenario, it has som important resistances to break tho with a bounce on 78.6%. Going for a retest ?
Interestingly, a strong sign would be a nice coup and handle pattern to form, which...
Nice symmetrical triangle formed with a broadening wedge inside.
The V shape target gives approximately 53.5K while the broadening wedge target shows a 53.9K
Happy new ATH soon ?
Which will also invalidate the crab pattern that formed.
I know everyone is very optimistic and make predictions to 50K+ etc but unfortunately, bearish scenarios need to be projected and anticipated to get ready if they occur (doesn't mean they will, but being prepared is the best way to avoid losing money). That being said :
Nice AB-CD pattern formed.
If price goes below 7 days MA, we could see, not only a...