LA_Designer

LA_Designer

On the weekly chart, ADA has been forming a wedge pattern since May 2022, which has finally broken out. If the bullish momentum continues, the next major resistance zone would be around $.40 - $.43. Invalidated if it falls below the trend line.

LA_Designer Updated 

This INVERTED 3-day chart shows a massive rising wedge with bearish divergence on the RSI. Looks like an amazing short (but really long) opportunity to me!

LA_Designer Updated 

This inverted weekly chart looks like a great short (but really long) opportunity. Multiple touch points on that bottom trend line is bound to break in the coming weeks.

LA_Designer Updated 

This is Jimmy Moonboy forecasting DXY's movement. My previous posts explained the bearish divergences and broken structures in more detail. Enjoy ;-)

LA_Designer Updated 

I hate to say this, but Solana looks like it's about to turn into dust soon. That new weekly candle that is forming now is telling me there is a big chance that Solana will fall into the single digit range in the near future. With all the crypto drama going on now with FTX, Solana is taking a huge hit at the moment.

LA_Designer

Assuming this inverse H&S pattern completes on the hourly chart, the target would be around $1,400 - $1,500. Invalid with a right shoulder breakdown.

LA_Designer Updated 

For the time being, I think the DXY is bound to go lower. The RSI support line since December 2020 has broken Bearish divergence on the weekly (from May to September 2022) Consecutive lower highs Parabolic trend is broken At this point, the only way I'd be bullish on the DXY is if it makes a new high above 114.77.

LA_Designer

Market makers liquidated many longs/shorts today. Perfect secondary bounce off the $17.5K support zone from June 18th.

LA_Designer Updated 

MATIC has held up quite well this year considering all that has happened in the markets. It's looking far more bullish than Bitcoin is, and it just broke out toward the upside of this channel. Polygon has established strong partnerships this year and I think it will do VERY well once the markets start looking more bullish. $1.27 would be a nice TP zone if taps...

LA_Designer Updated 

On the 4H chart, we can see that BTC has broken the downtrend line and might be heading to contest that $21K resistance zone. Invalidated with a close below $20K.

LA_Designer

On the 3-day chart above, we can see that APE is forming a falling wedge pattern that is starting to tighten up. Bullish divergence shows that momentum is positive and price action can shift soon. I'd say a breakout is expected between now and mid-December. Invalidated if the lower trend line breaks with a full close.

LA_Designer

BTC is currently contesting the 20-week MA (white) as resistance. A weekly close above it would then contest the 200-week MA (red) at around $24K. The weekly RSI has also broken both downtrend lines of resistance, depending on how you draw it. Bearish only if BTC gets a weekly close below $17.6K

LA_Designer Updated 

The volatility index looks bearish in my view. Bearish divergence on the daily Double top Cross down on the MACD Broke the diagonal uptrend level of support Targets that I am looking at are 23 and 20.

LA_Designer Updated 

Oh boy... with all the bearish DXY charts I've put out lately, I just noticed something that is even more bearish. You see that yellow line on the chart? That is the weekly RSI that has been on an uptrend since December 2020 (almost 2 years now). That weekly RSI just broke below the trend line of support. That is in addition to the bearish divergence that I've...

LA_Designer Updated 

ETH has had sideways action since Sept. 21 while holding above the $1,200 support zone. A break below that support zone would likely retest the $1,000 support zone as the bull's last stand. If it breaks the major trend line to the upside (circled above), then $1,400 and $1,700 become strong resistance levels to watch.

LA_Designer

I could see something like this playing out where the DXY goes sideways for a bit and continues to fight that resistance trend line, followed by a big dump. The monthly RSI already reached 80, and on the weekly chart we still have bearish divergence. If that top trend line breaks bullish with a monthly close, then 120 would be very strong resistance.

LA_Designer Updated 

Since the drop on August 14th, Bitcoin has been forming a descending wedge pattern with bullish divergence on multiple time frames. On this 3-day chart, we can see that this support zone has very strong buying power. Whales are absorbing that zone. A successful break to the upside should retest the $22.5K resistance area in the coming weeks. Bearish if the...

LA_Designer Updated 

For a few months now, I've been talking about the weekly bearish divergence in play for the DXY. More recently, after topping out at around 114.77, we are starting to see more signs of weakness. The momentum shift continues to build up. If this parabolic trend breaks and the DXY fails to go higher than 114.77 soon, we could be seeing a massive correction coming up.