Ravencoin: Looking For A HeartbeatRavencoin has Bounced once from this Logscaled Gartley and failed to Breakout of the Channel and now maybe looking to come back down to the PCZ and hopefully hold on to a Double Bottom. However, before RVN can even come back down to the PCZ it must first breakthrough the Heartline of the Parallel Channel on which it currenly so happens to be resting. Due to a smaller Bullish Shark Visible on the 1 hour at it's current price level there is an elevated chance that RVN may not come all the way back down to the Gartley PCZ and instead confirm opt a Higher Low here at the Heartline to make a rush for the AB=CD targets of $0.21-$0.42
Here is a screenshot of the 1 Hour Shark For Reference:
Heartline
$JNJ: Heartline Rejection Targeting 38.2%-61.8% RetraceJohnson & Johnson has rejected the Heartline of the Equidistant Channel while showing Bearish Divergence on the MACD and RSI and as a result i now think it will be heading for a minimum .382-.618 Retrace and i will be playing it via monthly put options.
Crypto.com - Simply Bullish? (Small update v3)As usual, not investing advice.
I've been very happy with the results so far from CRO/USD but wanted to give a small update.
I added a small purple heart line between the blue bull trend line & the orange parabolic line shortly after releasing my 2nd chart.
After watching and seeing this line showing strong influence of rejections & possibly now support, I thought it would be a good idea to share with everyone and see what you all think.
Cheers.
Bitcoin Long Trade (update)I changed my View from it being a rising wedge or narrowing channel back to my first interpretation of the parallel channel, with horizontal resistance at the 49700 level which than automatically forms a bearish pattern that has no weight.
The rest of my Analysis can be found in the Ideas linked in this post.
