Been watching this falling wedge for some time now and the price action is currently sandwiched between the resistance of the falling wedge and a big level of resistance at around 55K. Breakout or breakdown is imminent over the next 24 hours.
Bitcoin is currently sandwiched between horizontal resistance and support of a rising wedge. A move will be made soon either way.
There is a small rising wedge in the immediate short term on the 1 hourly chart for BTC. Technically this is a bearish pattern and the target would be the bottom of the wedge if support breaks with some follow through.
Big head and shoulders pattern formed on the 1 hour time frame. Target of $1.90 if the neckline breaks with some follow through. Nasty
Large head on shoulders forming on the Bitcoin daily chart. Target of approx $26,700 if e neckline breaks
I'm watching this ascending triangle we are in on the 1 hourly. Question is are we going to break through resistance or support?
Inverse head and shoulders forming on the 1 hourly for DOT. It gives us a target of $40.00 if it plays out.
There is a bull pennant forming on the 4 hourly after a period of consolidation and some buying pressure this morning. Hopefully this signals a positive move is coming for Harmony. All feedback welcome.
Nice cup and handle pattern on Harmony. New ATH targeted?
A nice cup and handle formed on BTC, will we reach a new all time high with the news the stimulus cheques are going to start rolling out imminently?? Interested in your comments and thoughts on this.
ADA has been consolidating for the last week or so with not much happening. However looking at the daily candles I still feel there is a clear pattern and we are likely to see another uptrend this week.
Update on yesterday's idea. The pattern is still forming as predicted and after if there is a drop to around 1.17 the chart would suggest we will see a surge shortly afterwards... Are we going to Moon today??
Nice pattern forming on the ADA chart today following a couple of days of uncertainty on the trend. Is a repeat of the last pump possible to take us to new highs? Either way the next 24 hours will be telling...