Al pointing upwards but a double top might be in play
if she goes, she goes.
Since we did already fell rightt into the golden pocket, going even lower would create an even more insane buying opportunity for Avax. A third and probably final touchpoint of the channel support would bring us all the way to a 78.6 % retracement, measured from the very beginning of the avax bullrun. 17.5 and 15 usdt would mean a (very) long term holding...
The previous planb played out pretty well. got rejected and former support is now heavy resistance. don't expect to cross that in the close future. If the support area near 6usd to be broken, we will complete a classic H&S and get even more discount, 3 usd would not surprise me. all makes sense only of btc is to break 45k thus creating some more bearish momentum
Avax broke trough support however managed to crawl back. Watch for a possible breakout against btc which could result in a pump
AVAXC still very weak against BTC. we're nearing the 78.6 retracement which might offer some support and possibly facilitate a bounce.
Lit got clearly rejected when trying to get back in to the channel, see highlight. If support (upper green box) to be broken, downwards action expected. The pitchfork , in which the middle line is the median of the price action, might give some guidance in finding a new channel. when 1). reaching the bottom of the channel 2) near the support (BOTTOM GREEN BOX) and...
Seems to work pretty well, what about a third go
Based on latest price action, the channel could be adjusted like this. Took the close of the candlestick for the first high, since the top of the wick would create an unrealistic channel south
Where we don't have to much data yet, let's find out if the pitchfork tooling could be of any use to determine a channel for Cake/usdt
If any impulse seen around bottom of the channel , nice buy setup
Zil is currently forming a bullish pennant which is to be seen nicely on the 4 hr chart. Displayed here is the weekly. Will we see another moonshot to the 361.8 % extension level based on the run earlier? Bearing in mind the relatively low market cap of 1.5B (2.9B fully diluted). RSI on the weekly still sky high. If looking for an entry try to trade a possible...
Hi All, attached a trade i am brewing on for today. retracement levels and trendline coming together perfectly, a bounce of the trendline and an extension to the first fib extension level would fall together perfectly with the standing ath (which was just a spike). in green possible areas of support, in red possible areas of resistance
Hi all, Possible long setup. A nice formation is forming, clearly visible in the 4 hr timeframe. If to be broken i expect a surge to the 161.8% extension level (swing high former all time high, Swing low start of that trend) which is actually bringing us to around 28$. I don't expect the former ath (in red) to cause to much resistance as is didn't show any...
Dear readers, Avax is currently finding some support after at the 50% fib retracement levels. Some bullish divergence building up on the stochastics, as we're nearing the top of the channel. If the 50 is to be broken south, i would not be surprised to see a pull back all the way down to between a 61 and 78 retracement, touching the trendline that has been formed...
Potential head and shoulders to be completed. I'm bearish on AAVE since we also saw a lower low in the recent dip. However, if we see a break in the right shoulder causing the current downward pressure, i will open a long trade for the short term