Bull - ascending triangle Bear - bearish divergence on the RSI Expecting high short-term volatility in either direction based on the constricting Bollinger bands.
A bullish divergence on the RSI shows short term move upwards.
Ascending Triangle - either fall back to support or surge from here.
The price is contracting in the triangle with a strong, bullish MACD.
Following the previously set path, there is at least one more leg up before retracement.
Oversold on the RSI and the falling wedge target has been reached.
Looks like a H&S formed. With BTC pulling all alts down with correlation at an all-time high, I wouldn't be surprised if this played out.
Price is currently in the descending parallel channel. When breakout occurs, I expect the price to return to the local resistance.
Odd shape, but the correct characteristics remain intact.
Breakout confirmed, but its minimum target is the top of the parallel channel.
I'm hoping for a repeat of the previous rise to the resistance of the parallel channel. It looks like we've broken resistance and are on the way. The only thing standing in the way is the large resistance in red.
Should reach the local resistance level soon.