ChigzTrades

ChigzTrades

See related ideas 👀🚀🚀🚀 I’m only posting this so you can see my trend lines and analysis on the daily chart which makes the intraday trading within the pennant more clear 🚀

ChigzTrades

I did not expect the red day on Friday. But my theory stands. I’m even more confident about this move. There was a gap up due to hype from Cathie Wood buying, but the bears in the pennant pushed it back. PLTR is still consolidating and building pressure within the pennant and I expect a breakout to the upside next week. Side note: there is LOTS of open interest...

ChigzTrades

DAILY CHART (LONG TERM BULL ANALYSIS) It was only a few days ago that BTC hit that $42k “top”. In this analysis I will present the bull case in this scenario. Bitcoins price has been consolidating as shown by the converging trend lines. The trend lines converge right around the end of January. This consolidation is building pressure and bringing us to a very...

ChigzTrades

This is a classic bullish pennant. Today the price dropped to the low end... I was planning on buy a call option tomorrow morning around $30 strike. With PLTR in the red, the options would be even cheaper making me a genius ;) Unfortunately for me, the queen Catherine Woods bought PLTR after hours, and the price is just about to hit the top end of the pennant...

ChigzTrades

We recently saw ETH create a lower high coming off the peak of its recent move up. Seems to be consolidating with lower avg volume. Maybe sometime tonight/tomorrow this will either breakout to create a new high or drop to a recent support level, although I’m leaning on the bullish side as we all know what can happen to crypto on weekends!

ChigzTrades

The price is consolidating into what I think is a pennant, converging on the 11.30 level. Look for a breakout from the resistance trend line for another move upwards. Keep an especially close eye on the current ATH level of 12.84.

ChigzTrades

The .38 level from the last move up is being well respected. After the double top we can see the retracement down to the .38, and then bounce. Add this fib to your charts, may provide valuable target information for the next moves

ChigzTrades

ETH recently broke to the downside out of its wedge trend, back into the previous channel supported by the low point from last week. Current candle wick has tested and rejected the top of the channel, but the overall trend is bullish. I believe ETH may have been slightly overbought in the previous pattern, while this channel is heavily supported providing solid...

ChigzTrades

BTC has been sitting in this consolidation range for the past few hours. The current price is directly in the middle of this zone with a short term bullish trend forming. I can see the potential to retest the upper resistance levels around 24,000, a pullback to the middle of the range, and then bounce to test the ATH once again. This is a bullish scenario, and...

ChigzTrades

This is a bit of a longer term outlook with LTC on the weekly chart. You can clearly see a proven level of resistance that was just broke by a huge bullish engulfing candle. Go to a shorter time frame chart (4H / 1D) and watch for a retest of the resistance turned support. Wait for confirmation and long towards the upper resistance around 145. Keep LTC on your...

ChigzTrades

You can clearly see BTC pushing to retest the ATH. Personally, I don’t think there’s enough behind it to push past and this is a play speculating that the retest will create a double top, proceeded by a retracement down to lower significant levels. A simple idea, please do your own research. Watch the resistance level below the ATH and play accordingly.

ChigzTrades

RETROSPECTIVE I would have liked to trade this had I seen it earlier. A super clean H&S formed on the 15m, supporting the sentiment of upward trend perhaps to retest the ATH’s

ChigzTrades

Long scenario if it’s going to bounce off the upper end of the 15m channel, I’d like to see the resistance of the bottom of the channel to hold up and continue upwards towards $1

ChigzTrades

GRT just peeked out of its 15m channel and is currently retesting it. Potential for big move to the upside here. Simply drew channel trend lines across 5 & 15 min charts. A good scalping opportunity on what could be a massive breakout candle