Closed 25% of my short position. It would have been nice to see some divergence with the RSI and since it is not I am waiting till $15374 to close another 25% I will then determine further action. I still see $12000 as a strong possibility. Still not oversold on the day chart. Have fun trading! This is not financial advice.
Well it doesn't look too good for YFI currently. The head and shoulder pattern has completed and it looks like it will take the price down for the next couple of weeks. $16,600 is the first support I'm looking at. That head and shoulders is a nasty one and I would not be surprised if the YFI price dropped all the way down to $4,000. I have my marks on the...
I have mapped a way out for YFI head and shoulders pattern. Make sure to check out my past posts linked at the bottom. If YFI can hold these levels, and does not break the neckline, then we could see some upward momentum. I have drawn out one potential path here. It would also be a head and shoulders bottom. Good luck trading! This is not financial advice.
It has hit the bearish points I am watching. It would need to break the neckline with uptick in volume to confirm the head and shoulders reversal pattern. Make sure to check the linked post for my original targets. Thanks for reading and good luck trading! This is not financial advice.
Watching this one closely. A short might just be in store soon. There is a head and shoulders forming on the BINANCE:YFIUSDT charts and it would be a rude decline if it completes. I have the levels I'm watching for all marked out on the chart. Bearish in red and Bullish in green. Bearish- $23550; $22110; $20771; $15374; $3988 Bullish- $26196; $25001 Enjoy...
If you know of PolkaDot then you understand that there is a extreme bullish sentiment among the crypto community. This is going to keep moving and begin a price exploration. As of now, I can say there is, more than likely, a 17% trade to be had from this point. Good luck trading! This is not financial advice.
This trade is playing out well and looks like it will be able to hit that $6 mark. I actually see this heading back up to it's ATH at some point.
Pretty confident in what is playing out here. A trader could buy now and ride it up 16%, as opposed to, waiting for it to breakout from the ascending triangle. There is a nice little equilateral triangle playing out on the 30 min. It will retest the larger ascending triangle on the 4 hour and chances are it will go through and tap the 1/1 on the Gann. That's...
Let's see what happens when that volume comes back to life. :)
Looking at the 4 hr TRX chart we can see that it is a good position for more price movement, up. We are in both a long term and mid-term up trend with TRX. Easy to see here with the Gann Fan. We had what I call the “SUN bubble” when @czbianance announced the new SUN genesis mining, which popped, and we immediately dropped down too, and continued on the uptrend...
But it’s not looking too shabby. My lines on the chart are Gann Fan lines and represent points of resistance and support. Along with this there is the ascending triangle pattern drawn in blue. My earlier chart showed the red curved lines as the inverted cup and handle formation. (see link) The volume averaged out in the triangle is a bit higher in the peaks...
I'm convinced BTC will go up from here. Looking for it to reach $10800 by the 11th of Sept. Just crossed the 1/1 on the Gann fan on the 30 min. The 4 hr crossed 1/1 a while ago. (look at linked post)
It looks like an Adam & Eve is forming and if it breaks the neckline at $4.00 chances are this upside down cup plays out. If it does, I would think the whole crypto market will go down to. Popping?
This rounded bottom just might play out as planned. $9900 is the magic number. If it can stay above we be all good for now. I think we will move up from here.
Watching how this one plays out. Could be a reverse cup and handle. If so, I'm selling at 3.50
The ascending triangle possibility is still in play. The volume is still shrinking which is a good support for this play. The RSI has come out of the oversold area which is good to note. Could be a bearish tech but with it in the oversold area for the past week durning this hectic time I think that weakens the bearish sentiment to that signal. If you managed to...
Not much to my post here other than pointing out the potential of an Adam and Eve bottom forming. This would support the idea that some major coins could reach their previous ATH's sometime over the next year. It would for a cup and handle as well having to break through resistance around $275. If we can break that over the next month I'd upgrade my outlook for...
Hard to believe maybe, I know, but check out the daily on Coinbase. As you can see it is forming an ascending triangle with volume shrinking. The other notable aspect of the volume is that on the upswings (green) there is more volume which is a bullish sign. As you can also see here, the RSI has remains in the oversold condition ever since the drop March 12th....