Not much to work with below most technical patterns and support levels, only thing I can see now for some calculated trendline support level is down towards $40-45 range of we get further correction
$MATIC- currently below neckline and fell out of the trend channel. I wouldn’t mind adding shares on a good dip!
I highly doubt we get to this second target, but the first target is very possible if the head & shoulders pattern plays out. The fact that we have a head & shoulders pattern within the second top of a double-top pattern is very bearish. We need some large catalysts soon to avoid this!
H&S is one of the more dependable technical patterns so I respect this possibility. The more people that see these patterns, the more likely they are to be fulfilled. If price does drop, I don’t believe the price will breakout below the neckline though. IF it does breakout below the neckline, I’ve seen calculations suggesting an ~85% probability that the price...
Three rising valleys is possible, but I also see two large (more likely) bearish patterns that I’ll post next
Breakout of the three rising valleys pattern, breakout is from the height of the second peak. I had it running up at least 40% but I don’t think it’s going to break that trendline and previous high resistance line
As much as a Bitcoin bull that I am, I just don’t see it rising from here based on technical patterns. I can see the argument for three rising valleys. However, with no big catalyst in site, and it having a positive correlation with the stock market right now, it looks like it wants to head back down to $40-42k. Think we all see the bearish head and shoulders...
As for CRO, it looks like a triangle consolidation pattern. Notice volume drying up as it consolidated. Might have a strong breakout above or below soon
Gala may start moving up soon, it’s been rebounding well everytime it approaches that light blue 31 day EMA line and trendline has been strong so far
Enjin- as much as I love Enjin, I see a few reasons why it might head further down still. 1-way above the moving average lines; 2- in a bearish rising wedge; 3- could form a handle for a very large cup and handle , would be extremely bullish. Cup and handle pattern that are months or weeks long tend to fulfill their pattern more often
Been waiting for the opportunity to jump back into $CELH, doesn’t get easier than this. Off support in a multi month upward channel!
$HOOD- near support in a falling wedge, could take these next three months
I lost track of all the bullish patterns, but argument for: falling wedge breakout, cup and handle, trendline support, Bull flag lol
Still a no brainer add at support here! Should rally even with neutral earnings
Falling wedge support, direct offers led to oversold, direct offer priced at 1.75 so $1.50 a bargain entry! Oh yeah, BTC ATH today!
Loading up here, on multi month strong support. Falling wedge, I believe this rallies within these next few weeks
A little more room to fall but could be setting up for a falling wedge breakout