Lilkumquat

Lilkumquat

Interesting lack of volume when compared to May 2022-2023.

Lilkumquat

Accumulation at lower levels suggested. Watching for retracement to lower fibs or trendline.

Lilkumquat

Accumulating bounce on trend line and lower level fibs

Lilkumquat

Looking for bounce at .786 otherwise accumulate lower

Lilkumquat

We see BNB holding support at 261 in these two consolidation patterns. Observeing narrow up and down price action with strong equilibrium at support; The typical Sunday Ethereum correction has little effect on BNBUSD hourly. An interesting divergence is noted when comparing BNBETH & ETHUSD. What to do. . .

Lilkumquat

It seems our previous short term Cup and Handle analysis was invalidated by the extended handle. Scythe patterns popular on tradingview (a modified cup and handle) may be of interest, but I digress. A falling wedge remains a possible analysis here considering the consolidation formation after are our last big correction. I am not likely to bias bearish on a ...

Lilkumquat

Thank you for your interest in our previous analysis which identified a cup and handle bullish signal on the 1H-4H charts. We are still seeing the cup and handle setup as a valid bullish signal, despite the handle extending dramatically to the right in sideways, downward price action. I will quote Investopedia to refer to the possible market psychology behind...

Lilkumquat

We have what is looking like a strong Cup and Handle setup for ADA. This analysis points to a bias favoring a bullish breakout. Considering the strong fundamentals of ADA, along with the growing cultish following for the founder Charles Hoskinson on Twitch amongst other platforms, we may find this bullish analysis supported by a surge in volume in the next few...

Lilkumquat

An extended correction wave implies an opportunistic trading strategy by high volume investors. Perhaps Bulls and Bears and stretching this ordinarily brief ABC wave by waging a war? The price action today was a war of attrition, breaking and hovering over resistance zones for hours on end; important support zones were establish and then broken several times...