Bullish pennant, break out, retest, go! I just put it out here to see how this turns out.
Although I’m bullish on most alts in medium term, Litecoin is looking pretty weak at this point. It seems a shoulder-head-shoulder pattern is forming on the weekly timeframe, indicating a move down back to approximately $25. Just putting this out here to see how it turns out.
A bullish pennant on the weekly timeframe indicates a move upward. Considering the bullish momentum we could go up all the way to $16.
Gas has shown incredible gains during past 30 days (+1000%). Although there is no relation between the two, Qtum is following the same chart structure as Gas. That’s why I am anticipating a strong upward move on Qtum anytime soon.
Thales is following a sideways corrective structure after a strong impulse. I’m expecting another move up towards €150 at least.
Twilio reached support on the daily timeframe, a reversal at this point is to be expected. Looking for a target of $340 (gap close).
Silver is making a bullish flag which indicates upward movement to approximately $40.
Decentraland broke out of the bullish pennant on the 1hr time frame and is making a nice flag above the upper trend line. It looks great for another buy.
The cup and handle pattern is pretty obvious in this chart. It probably doesn’t get any better than this. pbs.twimg.com
We’ve seen this type of pattern completed in the charts of Litecoin, Cardano and others. I think EOS is still heading for its all time high of approximately $22.
UMA looks bullish, anticipating on a new ATH towards at least $45.
It looks like Enjin is lagging compared to other metaverse coins like Decentraland (MANAUSD) and The Sandbox (SANDUSD). Curious to see if Enjin is able to keep up. Also Decentraland might have some more upside potential looking at the bullish rally of SAND.
AUDIO is accumulating nicely, looking for a retest of the all time high around $5.
It looks like Bitcoin is heading for a new low around $20k if this head and shoulders pattern is completed.
The rising wedge indicates a correction towards the base of the wedge at ~$43k.
ICXUSD is likely to see $4,50 in just a couple of weeks.
ANKR/USD is looking promising, trend continuation indicates a potential target of $0.40.
WTCUSD is moving inside a strong trend channel and is ready for a next move. Looking for a target of $3 or higher.