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Three Drives

ETHUSD - 30m Uptrend Line Broke, Retest or Find Support?ETH Price action broke uptrend line this morning. As outlined in a previous post on Bearish Three-Drives (or Bullish should it maintain it's sentiment), correction could come looking for support around the .618 Fibonnaci ($115-114 range). Bears looking to test the Bulls resolve on this uptrend. SMA 50 nearby, and should act as nice support on the 4 Hour Time Frame at $118, and SMA 100 at $113.5. For you folks on other Exchanges, numbers are a little higher. Three-Drives Pattern
BITFINEX:ETHUSD
by MrJEB
ETHUSD - Bearish Three-Drives towards Daily 50/100 SMAETH is displaying what looks to be a Bearish Three-Drives to challenge the Daily SMA 50 and 100 ( Bear Market ). Present position has it aligned with another price surge up towards the previous Daily SMA 50 rejection, and a possible tickle of the Daily SMA 100. If the pattern validates, the correction will come at 61.8% correction . Then on we go? The flip side is that this will maintain its Bullish Sentiment (A Bullish Three-Drives) - and a bounce will occur at the 61.8% Correction to again challenge and overtake the SMA 100. On the 12H Chart , the EMA 12 , and 26 can be seen crossing the SMA 50. The last time this occurred was early in December when ETH rallied towards $160. Good Luck, Traders. May you find yourself on the profitable side of it.
COINBASE:ETHUSD
by MrJEB
ETHUSD - 15m Three-Drives, SMA 50, and 100. Some Recent 15m price action analysis with Bearish Three-Drives Pattern . I think the SMA 100 will come into play after the next leg up. The SMA 50 is also standing by on the Daily, noted on the recent Bullish action Sunday Evening with quick profit taking. Bulls will need a great deal of momentum here to break SMA 50, 100 , and the Downtrend Line in place from September. A correction may be on the horizon - keeping price action in a daily Bullish Butterfly that looks to have started developing around Dec. 15th 2018. Bullish Butterfly: Good Luck Traders!
COINBASE:ETHUSD
by MrJEB
Three Drives December HogsWe may have a three drives on December Hogs. Fail today at third top. New pivots will be coming tomorrow and pivot will rise slightly overall. S2 will be higher, so not sure now much this may fall. Need confirmation tomorrow. We also have a twin tweezers top rejection. R2 becomes resistance at 63.775. R1 has been breached at 63.275. Pivot is next target for bears at 62.475. Hog market in lead April is continuing a down move to double bottom and hog index is falling and now nearing 57.
CME:HEZ2019Short
by hopscotch
We Called It! Want to Join the RALLY Party? [help inside]Don't freak out. If you missed our call to buy the bottom at $3150 (Yes we did!) Here's how you can get back in the game. Three Drives (Rally) Pattern: Shorts are being squeezed and shorting again (trying to find the top) Bulls are actually buying (unlike the April short squeeze) Third rally is for the FOMO buyers, and they will get their "shorts" (ahem) handed to them Warning Sign, large candle wick buy back on the drop Too risky to buy in here, not sure how high the final rally will go Too risky to short the top, might go past our number before coming back down Buying in: Limit buy down from $3,800 to $3,500 and viola... HODL till $5,800 and you're making 30-40% returns! You're Welcome, -racethehair
COINBASE:BTCUSD
by racethehare
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