PBX has been setting up a falling broadening wedge over the last few weeks. This is normally a reversal pattern meaning I would expect it to break the upper downward sloping trendline in the coming days, heading towards its target in the 0.0032 to 0.0035 range. Notably there is also a 1.618 extension target at about 0.0039. PBX seems to have found support at its...
AGIX seems to be completing the right shoulder of its inverse head and shoulders pattern with the upward sloping neckline at about 58c. If it completes this pattern and breaks the neckline, the target is the 85c to 90c range. This is also confluent with the 1.618 fib extension target from the ATH to local low. We could see this pat tree ran co plate o we the next...
BTC has finally completed its almost year long inverse head and shoulders pattern. It completed the right shoulder and broke through the neckline at 25.3k. This pattern has a target to the upside of about 34k. There will most probably be a retest of the neckline in the coming days, before upward continuation.
As ADA nears its mid term fib support at 31c at the 0.618 retracement, I’ll be expecting a strong bounce at that level. Should it fail, there should be even stronger support at the 0.786 fib retracement level at 27c. A bounce at the fib support should send it back above the 20 week moving average, and all the way up to where the 20, 50 and 200 day moving...
AGIX broke out from its bull flag yesterday as we had forecasted. It quickly went up to its .618 fib resistance and came back down to retest the upper trendline of the bull flag. The retest was successful. Where next? We are watching for potential sustained resistance at 53c (.618 fib retracement) and if it breaks through that, more resistance at 59c (.786 fib...
It looks like this current dip could be setting up the right shoulder on an almost 1 year long inverse head and shoulders setup. This is a classic market bottom and reversal pattern. The target out of this pattern, should it complete, is around $34k. There is weekly and daily moving average support as well as fib support levels as low as the $20k level. I would...
It can be seen in the previous bull flag that it was 20 days after the local high that the next big move came. This was also at the apex of the symmetrical triangle pattern shown. Currently we are 18 days after the local high in the latest bull flag. As we approach the upper trend line of the descending channel in the next two days will we see a repeat of the...
Seems to me like a classic bull flag. Holding support above 25 sma on the daily. Testing upper trend line of the channel. If it breaks the channel I can see it moving up to the .618 fib at around 53c and then maybe calming down to retest the upper trend line of the channel. If it holds and bounces I can see it going to ATH. And then to 1.618 fib extension at about...