BTC - Bear Pennant RejectedThe .236 Head and Shoulders break target held with a wick; then a move to the upside off the apex of the consolidation pennant. The H&S Pattern is now in the books; confirmed with the shallowest of retracements. Now tracking the beginnings of a Bull Flag. The Bull Case sees continuation through the bull flag; a back test of the H&S neckline is also a spot to watch as that zone has been a place of demand.
Bullish Pennant
Ethusd Appears 2b confirming bullish breakout of Bullpennant andAlso confirming the bullish breakout of its triple bottom! The dotted green line shows us our bull pennant measured move target and the dotted grey line takes us to the breakout target of the triple bottom. In, reaching our triple bottom breakout target it should very likely confirm the breakout of the bullish pennant as well and continue to send ethereal to new all time highs. *not inancial advice*
Monero XMRUSD - Weekly cup and handle!- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - in next leg up, so be prepared.
- RSI is ready for a pump and once we reach all time high, we should accelerate in speed.
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FIO Protocol FIOUSDT - Ascending and Symmetrical Triangle +1500%- FIO Protocol (FIO) - Rank 425 - is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens.
- From the technical perspective, we can see an symmetrical triangle on the daily chart.
- Also we can spot an ascending triangle, which is very bullish with the combination of the symmetrical triangle.
- Profit target is 1.618 FIB and volume is bullish!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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PolkaDot DOTUSDT - HUGE Secret Ascending Channel + New ATH soon- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance.
- Target top of the chanel or 1:1 fib extension on the daily chart.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
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Link LINKUSD - Ascending channel + next wave profit target! - Link is very bullish on the weekly time frame.
- If you take a look at RSI we can see, that this oscillator is ready for another pump!
- Previous swing high acted as a support + bottom of the channel!
- Target is top of the channel or 0.618 FIB trend-based FIB.
- We can spot an ascending channel forming on the weekly timeframe .
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Bitcoin BTCUSD - Parallel Ascending Channel + Next target- On the chart we can spot a valid ascending channel on the 1h timeframe.
- As we can see, we have 7 touch points.
- ALL TIME HIGH Resistance is 64 800 USD, which is actually very close.
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Litecoin LTCUSD - Secret ascending triangle + new ATH soon!- If we take a look at the chart, we can definitely spot an ascending triangle .
- We have very important double top resistance right at the ALL TIME HIGH level.
- Litecoin (rank 15) is prepared for a huge pump!
- We need litecoin, because bitcoin transactions are very expensive.
- That's why everybody uses litecoin at this moment. (Paypal, ATM machines etc..)
- RSI is prepared for a next pump!
- 1:1 FIB extension = 1750 USD Profit target.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Bitcoin BTCUSDT - Parallel ascending channel + New ALL TIME HIGH- This is a valid ascending channel on the 4h timeframe.
- As we can see, we have 4 touch points.
- ALL TIME HIGH Resistance is 64 800 USD, which is actually very close.
- The rising wedge broke to the upside recently and successfully tested the structure.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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Ethereum ETHUSD - Inverse Head and Shoulders, new ATH soon!- Ethereum is now on FIRE!
- The price is breaking out of the inverse head and shoulders - bullish reversal pattern!
- I can see a new all time high very soon than expected.
- Profit target - top of the channel.
- Stop loss below the channel.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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Triangle morphs into falling wedge retains pennant shapeThe triangle btcusd’s priceaction has been in for awhile is now appearing to morph into a falling wedge on the 1 day chart. We are looking at the weekly chart though to show how that falling wedge is also part of a bigger bull pennant. I made the pole of the pennant lavender and the wedge yellow. The red line represents the neckline of a 1 day chart head and shoulders pattern. The wedge has yet to be fully validated yet..still looking for one more touch of one of the wedges trendline on the daily chart to confirm but odds are good it will. Another reason i chose to show the weekly chart here instead of the daily chart is to show you that the 50 weekly ma (in orange) is still providing powerful support. If it continues to hold such support then we will indeed break up out o the pennant/wedge. I placed the measured moves of such a breakout at the convergence of the red neckline of the potential head and shoulders pattern and the yellow top trendline of the wedge. My presumption is that if the orange weekly 50ma maintains support it will likely help push the price out of the pennant/wedge right at that convergence point or possibly a few candles sooner to get ahead of the herd. If it does break out at that convergence point I have put a dotted line to chart the measured breakout move target of both the wedge and the pennant right at the point of convergence. The dotted purple line leads to the pennant’s breakout target. The dotted yellow line leads tot he projected falling wedge breakout target. If we breakout before the point of the converge the measured move targets for each will of course then be slightly higher. As always we must be prepared however if it does break below the red head and shoulder neckline. I wouldn’t be convinced it’s going to break down however unless we were to lip the weekly 50ma to solidified resistance first. Keeping this idea neutral for now until I see a confirmed break one way or the other. *not financial advice*
USD/JPY Bullish Pennant Breakout in Focus Ahead of NFPsUSD/JPY may be readying to resume the late-September uptrend as prices appear to break above a Bullish Pennant.
Still, highs from 2020 may act as key resistance between 111.68 and 112.22.
All eyes are on the US jobs report as the Fed gets ready to taper quantitative easing. A rosy outcome could further boost US bond yields, sending USD/JPY higher.
Conversely, a materially softer print risks derailing USD/JPY gains.
A breakout above 112.22 exposes the 61.8% Fibonacci extension at 112.63 towards 113.139. Otherwise, a turn back lower places the focus on the early October low at 110.79.
FX_IDC:USDJPY
BitTorrent BTTUSDT - Bull flag + 2000% gains!- BitTorrent is the most popular torrent client (together with uTorrent).
- On the chart we can see a bullish flag , which is currently breaking out!
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- The price retested the ALL TIME HIGH level, we can clearly see a sign of interest at this point.
- 1500% gains is possible in next months, so be prepared!
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Binance BNBUSD - 3x ascending channel + Elliott Wave- Binance Coin - BNB Rank #3 on CoinMarketCap.
- BNB is by far one of the most bullish altcoin out there!
- My impulse Elliott wave is telling me that there will be another pump very soon.
- 3x Parallel channel can act as a support / resistance in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Link LINKUSD - Ascending channel + 100 USD next wave!- Link is very bullish on the weekly time frame.
- If you take a look at RSI we can see, that this oscillator is ready for another pump!
- Previous swing high acted as a support + bottom of the channel!
- Target is top of the channel or 0.618 FIB trend-based FIB.
- We can spot an ascending channel forming on the weekly timeframe .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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PolkaDot DOTUSDT - HUGE Parallel Channel on the Daily chart!- Polkadot is strong on the daily timeframe , as we can see.
- The price broke out of the bullish falling wedge and now is unstoppable!
- On the daily time scale, we can spot a huge blue parallel channel , which acts like a support and resistance .
- Target top of the chanel or 1:1 fib extension on the daily chart .
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Due to my Elliott wave count, the correction is totally over and we can expect a higher prices!
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Tron TRXUSD - Huge channel + Elliot Wave- On the chart we can see an incomplete Impulse Elliott Wawe (5th wave).
- Rounding bottom or cup and handle is also printing on the chart.
- Volume is very bullish and also RSI is prepared for another pump!
- Target is 1:1 fib trend-based extension + top of the ascending channel + 5th elliott wave
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- Huge bullish volume is also one of the positive signs!
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