Hello Tradingview friends,
Today I'm going to cover ICON ICX/USDT pair which looks like it's forming a symmetrical triangle.
The ICON Cryptocurrency (ICX) is a cryptocurrency network that was launched in 2017 by a company based in South Korea. ICX is the associated cryptocurrency token or coin. ICON is actually a complete blockchain network,...
Hello again trading friends,
I tried to zoom in and show the bullish signs that are definitely there. So we've bounced 3 times at the lower support zone of the big falling wedge (bull flag) and we're now forming a possible head and shoulders at the lower timeframes. I expect another small dip to form the right shoulder. The divergence also confirms this. You...
Hello trading friends,
After a nice possible wave 1, 2 and 3 SOL is forming a nice falling wedge (reversal or continuation pattern (also bull flag)) for a possible wave 4 or continuation of wave 3 which would bring us to a brand new ATH. My feeling is a wave 4 so we are waiting for a nice wave 5 to maybe form a double top at 210. Let's zoom in and look at part 2.
Although the wicks of a candle also provide support and resistance, the body is a stronger indication of selling and buying power. Based on that conclusion I think the Bitcoin is forming a big descending triangle. The bearish pattern, which most of the times is a continuation pattern can be a reversal pattern. If so, the target of this pattern is from the break...
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. Are you ready for the break :)