ABCDE Chainlink Stinky Cheese PizzaCheese Pizza pattern- projected outlook for LINK.
Serious version: ABCDE correction. Elliot wave failure+ descending triangle caused pump- same both ways you look at it and equally valid. Retracement coincides with developing trendlines on the pair. Triangle may not be in that exact position as elliot signals unclear. Still expect triangle correction of some sort, so don't take these lines as law.
Sorry if you guys are getting bored of LINK analysis, but this is more interesting than any entertainment for me.
Please don't forget to leave a like!
Love from Etch.
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Pizza
Did somebody order LINK pizza? CHAINLINK Hello everyone. Welcome to this pizza slice analysis of my favourite ERC20 token!
Here's a fresh new perspective on the much debated LINK/BTC chart. I've identified 3 fractals that have been in play over the last month.
Firstly, is the white line which symbolise normal bull flags. And then there is the red pizza and the green pizza. Basically ordinary triangle patterns but I like to make it fun. And we all know how much Sergey likes his pizza haha :). But these pizzas I've seen before and they are a useful way to distinguish between normal bullish/ bearish triangles or wedges because the price is not necessarily bouncing straight up from the trend lines, and it just signifies a range of trading for a certain timeframe.
The green ones follow a pump, and converge inwards. Normally there is a pump after. The red pizzas expand and break downwards back to resistance. I believe the last three days could be one big green pizza following a red one. Previously, I thought this pattern was a bullish pennant but that hasn't seen any follow through.
This particular pizza though is also making me rack my head! Chainlink is known for not completing patterns very well, and this pizza had a break down as you can see with the orange circle. The bullish version of this chart sees this as simply a bear trap. But what would count as evidence againt this is that we have rarely seen bear traps with these pizzas in the past; the only reason I think that this could still be a "valid pizza" is the high buying volume in BTC at that particular moment (overlayed in the graph), as this chart is paired to BTC. This one follows the yellow line as it is a little cheesy.
I also have a bearish version of this chart which I'll post in the update which involves basically a bigger pizza slice forming, which would turn into a bullish wedge. This bearish view follows the orange line. Also we are losing a lot of bullish momentum already by confirming below the 10EMA, so this bearish scenario is pretty likely too.
Please leave a like if you enjoyed!
-Etch
Previous analysis:
Careful with alts unless BTC can break 10,000A few coins bounced up today after everything bottomed out due to BTC dumps, If bears beat out the bulls we could see a retest of 10,000 before falling into the mid 8000's. fingers crossed that it can break 10,000 though.
In terms of ETC
We just saw a dump retesting the long term downtrend line but getting bought back up. currently resting on a short term support. We can expect a 6-15% bounce up from here while BTC retests 10,000.
WATCH very carefully if BTC is able to break 10,000 or not, otherwise youll end up holding bags for the next month or selling at a loss.
Bitshares - This coin will wo wild in 2018! [Buy Opportunity]I strongly recommend to buy Bisthares.
It is a young pretty solid project with enormous potential and it is offering a whole stack of financial services for the blockchain world.
In my analysis it has a big grow potential too, referred my chart structure, indicators and previous highs and with this, very good looking fibonacci levels.
Targets are:
1 | 0.00004316
2 | 0.00006857
3 | 0.00008911
4 | 0.00010965
5 | 0.00013889
6 | 0.00017614 | old all time high
7 | 0.00028371 | new all time high <— Fib. 1.618 extension
Also it is a recommended portfolio pick by the early January palm beach confidential report.
When BTC & market correction is over we will see gains, expect truely massive!
... and watch the targets ;)
Relax your life and get what you deserve.
Domino's Pizza (DPZ) Buying Opportunity-On April 28, 2016 Company had disappointing earnings.
Estimate: 0.97
Earnings: 0.89
Total Decrease -0.08 (-8.25%)
-Stock recovered nicely with the RSI indicator following the stocks trend
-April 27, 2017 is the next earnings report for DPZ
Estimate: 1.16
Earnings: ???
The stock is starting to sell off with rumours of lower than projected earnings. I'm projecting the stock to continue to sell off to continue to around the $164-$160 level.
-Great opportunity to buy at a discounted price after earnings are reported.
Buy Dominos Pizza :)Lately I've been having fun practicing on literally any chart I come across so I decided to do some analysis on DPZ.
Price is in an accumulation phase in accordance with the Dow Theory. If price continues to behave like this, then a move up is very likely. So I suggest buying some pizza :)
6.1.8. Family.
More Than Just Trading.