lucamodena

lucamodena

This is an extremely exciting moment. It looks like Bitcoin is negating all the bearish momentum and like Phoenix is rising from the ashes. Support trendline is holding. We are breaking out from the falling wedge (still to be confirmed so fingers crossed!). ABC correction wave may be already completed. Ichimoku cloud still bullish . Guys if Bitcoin will hold the...

lucamodena

I believe that we are currently in a falling wedge formation - which is typically a trend continuation patter (in this case a bullish one). This correction was well overdue and from a broader, long-term perspective extremely healthy for this epic bull-run that we are in. As you can see in the graph we are in the C leg of a classic ABC correction. In...

lucamodena

We are currently forming an inverse H&S pattern. Which is confirmed by a bullish divergence both on the RSI and Awesome oscillators. What is more, if we zoom out we can notice that we are bouncing of the .382 Fib retracement of the Feb'02 - Apr'08 bearish impulse. It should take a while before resuming the bearish trend. Take Profit: 92 Stop-loss: 90 GL&HF ;)

lucamodena

After breaking ATH on Mar'17 at aroud 1280 $ we got a -30% correction. If we take the fractalic price-action from the bottom of that correction up to the top of the bullish impulse that followed it we get something really interesting. This price-action is almost identical to what we are experiencing right now. Last month after breaking the previous ATH we got a...

lucamodena

We are about to explode to the upside. We still have over +150% of gains to reach just the previous ATH. I expect this to take place in the upcoming few weeks. The chart is self-explanatory. Enjoy the ride! GL&HF ;)

lucamodena

Altcoin season is about to start. Cardano is a great altcoin project with enormous potential. For the last couple of months we have been forming some interesting reversal patterns. If we break the drawn trendline the price will immediately explode to the upside. No more words needed. Let's see if we reach my price target. GL&HF ;)

lucamodena Updated 

This is a bold call... in terms of the timeframe not in terms of the price - cause I am pretty confident Bitcoin will eventually reach and go well beyond it's ATH establish in Dec'17. Technical perspective: We still are in a 2 year price consolidation triangle. Inside it we are about to complete the 5th Elliot Wave - after that we will be ready for a strong...

lucamodena

This looks extremely bullish to me. We are getting weaker and weaker rejections of the 20 k resistance level. This will not hold for long... I expect Bitcoin to make a quick move to 22.5 k level. This level converges with my previous analysis... Especially with this call that I made in April: Enjoy the ride. GL&HF ;)

lucamodena

We have formed an inverse H&S pattern. Stochastic oscillator and MACD also showing bullish momentum. Right now we are attempting to break the .618 Fibo retracement level of the Mar-Aug'20 impulse. After breaking it we can experience some minor resistance at 9,2 $ which is the 0.5 Fibo level. After that we will reach our Take-Profit target at 11,2 $ - which is a...

lucamodena Updated 

First of all we got a nice ABCDE (violet) Elliot Wave sequence starting from March till mid August. We finished it establishing a juicy ATH at around 20$ for LINK. After that we experienced a 12345 (blue) wave retracement that brought us down 63% out of ATH level. This was also our first leg (A) of our developing ABC (red) correction pattern. We bounced...

lucamodena

This chart is self-explanatory. If this fractal should keep the same pace of correlation we will see Chainlink reaching 60$ till mid 2021. The blue price action is the Ethereum chart starting from Mar'17 till Jan'18. No more words needed. GL&HF ;)

lucamodena Updated 

We have formed and broken through a delicious CUP&HANDLE formation which eventually will lead us to re-test the previous ATH established in Jan'18. Personally I think we will reach a total crypto market capitalization of 700B $ in the next few weeks! And around 1 TRILLION $ early next year. The Stochastic oscillator is indicating and overbought condition...

lucamodena

We are approaching the peak of this enormous consolidation triangle. Underneath we have 2 strong support levels. It's a very good moment to accumulate this crypto. We have a potential 2300% upside that will lead us just to the last ATH. Huge risk/reward ratio. GL&HF ;)

lucamodena

We have a nice H&S pattern, confirmed by the RSI indicator. In the next few days we can expect a short pull-back to retest the H$S neckline. After that we should see a bullish impulse move leading us up to 4,20 level. This level is the take profit target for the H&S formation but also the area of the peak of the last consolidating triangle we have broken down...

lucamodena

As you can see we have just broken through the neckline of this nice inverse H&S formation. We managed to overcome the 12k strong resistance level - which is a very bullish sign cause after that there is really no strong structural resistance until the last ATH level at around 20k. The take-profit target for this inv. H&S formation is almost exactly the last ATH...

lucamodena

We have completed the first impulse of the upcoming MEGA BULL RUN with a 5 Elliot Wave structure. Now it's time for a healthy ABC correction . We found some resistance at around 11 000 $. now we are preparing for another leg down which will form a C leg or this correction. I think the price will drop til 9 100 $ level. This will mean we will finally fill the...

lucamodena

We have a nice H&S formation confirmed by the decreasing trading volume and RSI . RSI still needs to fall into oversold territory. We are now bouncing of the neckline that is acting as a strong resistance level. I expect XRP to reach the 0,20 $ price level - which coincides perfectly with the 0.786 Fibo retracement level of the last bullish...

lucamodena

Why so bullish? we are currently finishing the 4rd Elliot Wave impulse. The 5th one should take us to 36,45 price leve l which is a Fibo extension 1.27 of the last March-July bullish impulse. we have a nice support levels at 15,45 and 13,45. I believe we will shortly retest the lower line of the triangle pattern and after that head south into the...