$ALGO Symmetrical TriangleRSI is showing strength maintaining above the 46 level. The 50-day MA passed up through the 200-day MA signifying a Golden Cross.
MACD doesn't look the greatest but does appear to be moving in the right direction.
Scenario A: break-out of the triangle, zoom towards previous ATH, contend with it momentarily and then make new ATH
Scenario B: breakdown out of the triangle, fall towards 200-day MA or previous support.
Which scenario do you think is more likely?
Imagine when ALGO gets the market cap of ADA or SOL... Algorand would be at about $11 if that were the case based on current market caps at the time of this post.
Weekly Chart:
Goldencross
XRP about to pump * XRP in Weekly time frame forms a Symmetrical triangle pattern.
* Symmetrical triangle occurs when the price consolidates between two parallel trendlines slightly sloping towards each other. The price is squeezed until it breaks the pattern.
* After breaking the upper trendline XRP will move towards $1.57.
AXS is squeezed in Rectangle Pattern* AXS in 4H time frame is moving in Rectangle pattern
* The price is facing Resistance around $152 and it has support near $114
* Rectangle pattern occurs when the price bonds between two parallel trendlines opposite to each other. Rectangle is a trend continuation pattern.
* To continue the bull run AXS needs to break the above resistance of $152.
BUY/USDT GOLDEN CROSS It is time for Burency to moon now . Full send. It’s forming a golden cross where the 50 MAcrosses the 200 ma. This is bullish.
HBAR heading towards it's ATH* HBAR is in proper uptrend with respecting the below trendline as it's support.
* HBAR has a important support around $0.3 and facing resistance around $0.41, if the price breaks the trendline support we can see a drop till $0.3.
* To continue the trend HBAR needs to break above the resistance of $0.41.
Bullish continuation pattern in Tezos* Tezos in Daily time frame forms a Cup and Handle pattern.
* Cup and Handle is a bullish continuation pattern occurs during the uptrend. To continue the trend price needs to break the handle ( Falling channel like pattern).
* After a proper retest to the breakout level, we can see the continuation of uptrend in Tezos.
BUY/USDT BULLISH Burency 50MA has Crossed the 200MA in 4H chart. We are in a clear breakout of triangle. Upcoming news with cloud mining and website/exchange reopening after maintenance with new features, etc.
PLTR, the next Generational Company! Time to start DCA!Palantir is the best SaaS company to buy this year, next year and the following years. Right now, the accumulation happening is crucial. The next leg up that will happen (2-4 years) with bring it to 40, an 80% move. A golden cross happened (buy orders taken) so technical analysis is bullish.
My discounted free cash flow model gives me a price target of 38.
What do you guys think of Palantir as a long-term investment?
Feel free to write it below!
BUY/USDT GOLDEN CROSS INCOMINGBurency is on pace to make a golden cross. This is where the 50 MA crosses the 200 MA upward. Very bullish in short-mid term. This will continue to pay you
SAMCHEM (BURSA WK41 2021)Bull trend is on going, each reversal also can be rebound at MA20.
0.92 is the entry point with high volume.
Resistance line 1 & 2 is respectively 0.975 and 1.03, taking profit will be observed if it could break out resistance lines.
MACD and Stochastic also appeared "golden cross" signal.
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Keep in Mind.
🟣 Purple Structure
Monthly Frame Structure.
🔴 Red Structure
Weekly Frame Structure.
🔵 Blue Structure
Daily Frame Structure.
🟡 Yellow Structure
4H Frame Structure.
⚪️ White Structure
1H Frame Structure.
Trend reversal pattern in Zcash* Zcash in Daily time frame appears with Double Bottom pattern
* Double bottom is a trend reversal pattern appears during the down trend and signals that the sellers, who were in control of the price action, are losing momentum.
* If Zcash breaks it's resistance of $176 we can expect bullish momentum in price
BUY/USDT Upcoming Fundamentals, Golden CrossBurency (ticker: BUY , exchange: KUCOIN, SUSHISWAP) has recently tweeted that Cloud mining contracts are loading and that they will be announcing the action soon. The chart currently shows that we are above the 50 MA and the 200 MA was just tested. Although the 200 was not broken through, the price still remains above the 50. There will likely be another retest of 200 and hopefully soon a breakout. If this is the case then we could potentially be seeing an upcoming Golden Cross. This could be a big trade for all.
Rising wedge pattern in Ethereum* Ethereum in 4H time frame appears with Rising Wedge pattern.
* Rising wedge occurs when the price moves between two trendlines forming higher-highs and higher-lows. The lower trendline works as support for the price and the upper trendline works as resistance.
* Rising wedge appears with wide bottom and as the price moves higher the range becomes narrow.
* Ethereum can test the lower trendline ( support ) and bounce back, but if it break the support we can expect a drop till below support zone.