AVAXBTC created an inverse Adam&Eve Pattern 🦐AVAXBTC created an inverse Adam&Eve Pattern, and the price broke the daily support. The price wants to test the next blue (daily) support.
According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Adamandeve
Adam&Eve , a hopeful outcome daily candle formed a "Adam & Eve" Pattern , as shown on the chart a breakout was made on yesterday candle and closed above the resistance line ,the next should be a retest of the new support at the previous resistance line . after holding a rebound should start the new uptrend .
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ofc this isn't a done deal , we still need btc to climb .
so trade carefully and GL
ethusd may be following maticusd's leadethusd is also in a bit of an inv h&s that it has also broken above...it isn't quite as high above the neckline as matic is though so it currently has somewhat less probability of validating the breakout as maticusd does. Eth's pattern probably also could qualify as an adam an eve double bottom. Should ethusd's pattern get validated it could reach a target of 3.7k which wouldn't create a new all time high unlike matic which will create a new all time high by reaching the measured move...as with any pattern that forms on as small of a time frame as the 1 hour chart however we must remember that patterns on this small of a time frame get invalidated all the time so even though price action is currently above the neckline its still fairly easy for it to dump back below before reaching the target since it is on such a small time frame. For that reason I will list this idea as neutral.
Proper Price Action Structure #VITEBTC (Binance TF. 4-h)I really like this price action structure #VITEBTC which is clear, proper & respects all different steps of an uptrend, and without going into excesses which usually cause huge collapses after any speculative bubble as we can see all times with many coins when the BTC drops a little.
looks like 1INCH has awakenAssuming BTC won't mess things up looks like 1INCH has awaken. The hypothesis of an Adam&Eve formation I've pubblished some days ago looks like was correct. After the Eve formed and tested the neckline there was a retracement I've seen in differents A&E formations and then price broke out. The rectangle shows it formed a minor support which is pretty good for keeping going up
After my post I saw different interpretations of 1INCH's chart on socials and crypto channels, even if different from mine I was happy for two reasons:
1) all agreed with my view which was that the break out was close;
2) I was the first one noticing :D
I currently see a very little bearish DIV on 4h and daily RSI but this can be because bull wave is still happening. However if we have a retracement from here it's totally natural. Should the price dump I think a good entry point is at 4.76 (as indicated from the control line of volume profile).
I've been holding 1INCH for almost a month, exactly since I thought the retracement was over but then BTC messed up crypto. Unfortunately analysing well a chart isn't enough in this market because if BTC drops 1% people freak out and sell their alts. However if the project is good, sooner or later your patience is paid off.
I think 1INCH has the potential to reach double digit very soon, if it wasn't for the airdrop it'd be already there. Have faith and keep holding/buying it.
MID TERM TARGETS: zoom out, I've drawn 2 dashed lines: one is at 10$ and the other one is at 10.8$. First one is a psycological resistance, second one is 1.618 Fib line
A chart pattern matrioskaI'm in up until we it double digit however recently I've noticed a C&H forming WITHIN another pattern on UMA chart (check my TA). Since usually many coins/token have similar pattern or behaviour (BTC's fault) I've checked also on 1INCH and I've noticed this potential Adam&Eve pattern.
I've seen on some other TA on TradingView that A&E can have a retracement after its formation, from this point of view my my TA makes sense. Also, the Elliot Waves 2 and 4 bounced on 0.618 Fib level (not shown). If I'm right once chart goes over the pattern neck the first target will be between the rectangle and the 5th wave apex.
Being this a combo of patterns I would really love to have some feedback, either negative or positive, as long as we confront each other. I'm not sharing my TA only to teach but also to learn from your experience. After all TA is not an exact science and I'm sure many of you know a lot of things I don't.
TWITTER SET TO MOVE BIGIPO investors have long felt the pain of this stock. The hype surrounding this stock was real but the bulls quickly lost control. 7 years later and Twitter still has not rewarded those initial investors, that will change soon and here is my case.
We see something that resembles an ADAM AND EVE BOTTOM which formed between 2016 to mid 2017. The volume profile shows those levels had the largest amount of trading action.
Following a failed breakout in June 2019 and Sept 2019 Twitter too felt the pain from the March 2020 COVID-Panic. The price found support precisely at the top of the ADAM AND EVE. The bears couldn't drop the price any lower as the bulls came stampeding back. The telling part of this move was that the drop was not able to penetrate the section of the volume profile with the most action. This gives me confirmation that the bottom is in. The velocity of this bounce looks serious and a large move in imminent.
In the early twitter price action we see a large gap that is almost hidden. This gap coincides almost perfectly with the 1.618 fib extension. The volume profile shows the resistance is getting weaker the higher the price goes.
Twitter experienced a massive hack with some of the biggest accounts getting hacked including a former President!. The price neve flinched.
Not only is my SHORT TERM TARGET $64, but my long term outlook on this stock is ultra promising. I think a lot of big tech will see some serious stumbles and Twitter is in shape to start a bullish market cycle. Where will the fleeing money of AAPL go?
We will be hearing a great deal about Twitter in the coming days as Jack Dorsey being pressured to testify. While you would think this would have a negative effect on the price, I believe the chart is looking for any excuse to break higher to the upside. We just saw a miss on earnings but the price went up because "analysts" liked the growth in users.
When a chart is ready to move, even something seemingly negative can give the spark needed to take it to an inevitable direction. The "analysts" will feed the public a narrative of why it happened but as the influential investor Bernard Baruch said "Show me the chart and I will tell you the news"
If this analysis was interesting please give me a like an a follow. Also, please look at the related links for the similarities of the early Facebook breakout with where twitter currently sits.
Regards
ETHUSDT 1H long; Adam&Eve, Ascending Triangle and falling wedgeTA Explained
ETH looking really bullish atm. let me show you. First of all we have a falling broadening wedge breakout:
Second we have an ascending triangle which indicates a trend reversal. A trend which wasnt really a trend of course more like a pullback/correction it seems.
And finally we got this Adam&Eve reversal pattern.
So all together we got some bullish signs here. Lets try to get in on a retest of the broken resistance area
Trade setup
Best entries: 1087.77 - 1136.82
TP1: 1226.27
TP2: 1305.73
TP3: 1505.09
SL: 1037.22
RR: 5.25
Max leverage: 3
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Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
XRP longResistance/TP levels shown.
Things may get volatile as we move towards the mass US exchange delisting/suspending date for XRP. I personally believe it will be temporary. However, at worst XRP is deemed a security by the SEC... Ripple pays a fine and moves to a crypto friendly country (as they’ve mentioned previously) to be embraced by the rest of the world.
Link to do in months what took Bitcoin YearsThis is basically become the Crypto Fractal in my mind for most crpytos (Except XRP of course). As a fractal we should expect a lot of similarities with high correlation but expecting a 1:1 repeat is sheer foolishness.
Major Dissimilarities first:
Link is moving faster than bitcoin
Link spent less relative time on consolidation (no prolonged descending triangle)
When Bitcoin ended consolidation it was more impulsive than link
Bitcoin had a lower low on the Eve while Link had a lower low on the Adam
Bitcoins Eve was rounder than links
Major Similarities and Predictions
The blue trendline is a Signiant source of support in the relative long run (months for link, years for btc) and a loss of support lead to the Adam bottom. PREDICTION : When Link breaches it again it will be an area of consolidation before continuing the parabolic move upwards.
The orange horizontal line will need to be breached on Link before the uptrend can proceed with gusto. A breach and retest of the orange trendline on Bitcoin heraled the bull run. PREDICTION : link will likewise retest the orange trendline as support before it goes parabolic
The Black Trendline was predominately resistance on bitcoin before it flipped to support. That flip to support was a major bullish signal. PREDICTION : Likewise with Link except what took 3 months might take 3 weeks.
Further that, it appears that linkbtc is against the weekly Bollinger band lower limit and so far in the whole chart history that has been an advantageous position to buy link over bitcoin. Between here and there it might go up and down but the over all trend is upward for link/btc. We might double test the lower limit of the weekly BB, we might struggle to find support on the baseline, but it it time to accumulate link.
Conclusion
In the short term there a lots of longs to be taken in bitcoins favor, but for the next cycle link appears to be the bet for easier gains to the upside than bitcoin.
Adam & Eve Bullish version forming on XRP chartThere appears to be an Adam & Eve reversal pattern forming on the XRP charts. The volume fell during the Eve curve and could continue to head up after the resistance breakout 1.
Note: The environment is very volatile, there is the possibility that prices during the Eve formation test the Adam low/high before completing the reversal, a pattern failure here could result in losses.
Reference: technical.traders.com
Bitcoin - Adam and Eve Bottom PatternOn the Grayscale Bitcoin Trust there is a very well defined "Adam and Eve Bottom" pattern. The last time I went long on this type of pattern Bitcoin was below $5K.
Just sayin.......