NASDAQ:META just rallied +500% without any correction and might create a top formation soon. Sometimes the trading gods are sending us gifts from heaven. We received such a gift back in 2022 when Meta Platforms - out of nowhere - corrected -70% and perfectly retested the lower support of the reverse triangle formation. After the +500% rally from there, it is...
Probably the most popular Stock Exchange Traded Bitcoin Trust at this time, AMEX:GBTC has started a consolidation that may turn into a small triangle formation. Triangles are a form of a consolidation that can work to pattern out excessive price gains without a run or correction down. This is the weekly chart where we can see that GBTC is now above its previous...
USDT.DOMINANCE CHART Weekly and Daily timeframe Symmetrical Triangle in play with target as shown just past the Range High at 10%. Not good for crypto because going above the blue line 0.382 labelled above market = Chaos. RSI printing Bullish Divergence. I also believe we are in the 5th Impulsive Elliot Wave with blow off top, followed by an ABC Corrective...
Polkastarter has been respecting this triangle since it's all time high, the price action tried many time to break it but ended up by failing and we can see a strong support zone has formed below the price. On the 4h timeframe, the 200 EMA happens to pass by this support zone and the price can be clearly seen that it has tested it more than one time but failed in...
After a 4h divergence, the price is climbing up, there is a high chance that LTC will stay in this triangle congestion area until next year. just do with low leverage because now it is a little bit random in this area. First resistance: 79.xx Second resistance: 90.xx First support: 71.xx Second support 62.xx Elder-ray index will show the time to buy during...
PING AN - detailing complex Correction with HT (3-3-3-3-3) wave structure. Regards, Team Traders "PowerfulTraders" flat