Looks like Coinbase put in a head and shoulders. These are the highs for the past year and a half. The calculated lower target is the bottom of the second yellow arrow which, if it bounces there, would create a parallel channel along with the upsloping orange line (My chart has the corresponding lower orange line as well in anticipation of this bounce. Not sure if...
Simple head and shoulders at the top of the chart. The final shoulder isn't complete, but if it completes, I calculate the distance it will fall as the same distance from the top of the head to the neckline, as evidenced by the teal arrows. I got my alarm set there. And you will notice the navy blue area is the giant gap from a few months ago that needs to be filled.
The down sloping blue trend line is the top of a parallel and has never been broken. The thick orange up sloping trendline has been broken recently and I feel is weaker than the blue. The way I have the price prediction climbing up thin up sloping orange trend line probably won't go so steep but I was having trouble with the tool on the small phone screen 🥴 Long...
I think tidewater might go down and touch the crossing yellow trend lines. If it does, I think the target is the purple line at $52. If it breaks through that resistance, zoom out and you can see the next resistance is way up at $140. I'm planning to buy if it hits that cross. What's your opinion of this?
Please check out the XOM chart. 2 wks ago I covered my short at a price of $110 and immediately went long at pink trend line ($12 shares, appx $1300). As u can see, I was wrong and found myself out of the money by appx 5% (-$50). So this morning I attempted to add 10 more shares at yellow upsloping trendline (cuz I'm sure it's going to bounce off this trend line...
Bitcoin price price has trouble breaking through the pink parallels without having to beat on the door a couple times. The longer price has been away from the pink line, the stronger it becomes. Now, it's very strong, and I predict a drop of >10%.
It got through the top pink line in 2021 on it's way HKEX:69 ,000 because of low interest rates, free money, low...
XLM is a fork of XRP and trades similarly. As you can see XRP has been more volatile recently. However, XRP ran into resistance 2 days ago with a topping tail. XLM has not but has pulled back from today's highs. I shorted it.
