Opened a long position from this trade as bullish divergence in the 1D tf was noticed. If you zoom out the picture, you can see an ascending line (purple line) that holds as its resistance
After a bearish weekend alongside btc, ftm made a double bottom as you can see from a chart. Slowly building momentum and potential harmonic patterns. 1st pattern (big) is a potential cypher pattern. If you try to study the chart, it can also be seen that it's potentially forming an inverted head and shoulder (no right shoulder yet.) A small potential cypher...
ALGO could potentially continue its bullish move and complete these 2 patterns. It could reach 1.9lvl to complete the butterfly (yellow) pattern and the 2.1lvl to complete the (green) crab pattern.
Algo is still showing bullish signs from crossing EMA's to building momentum. ALGO could potentially reach 2.0lvl to complete the bat pattern (green). Pls be noted also that the 2.09lvl is its resistance from prev high.
Theres a possibility that avax will go down till 5.5lvl to finish the D of the gartley pattern (yellow) and the abcd pattern (black)
15M TF>>>> Algo made a potential shark pattern (yellow) and a small cypher pattern inside the shark one. (green). Possibly, the price could go down to certain levels to finish the D of both patterns. This is a quick TA so manage ur risk properly. Entry around 1.88-1.90 SL - 1.9150 TP - 1. 85-1.82, 1.78, 1. 74
ALGO went up reaching 2.1 lvl. It is possible to make a reversal after finishing the abcd pattern(black) and it did at the 1.61%. Algo could go down to 1.75 lvl to finish the D of the shark pattern which can extend till 1.13% at 1.72lvl. PLS be guided also that this could only be possible if algo will break the previous high going down which is around the 1.94...
Upon reviewing my TA, MATIC could go as high as 1.69 lvl to complete the D of the cypher pattern.
Matic could go as high as 1. 64 to complete the D of the shark pattern (green). Do consider that the D could extend at the 1.13% which is in the 1.69lvl. P:S Do your own technical Analysis. The market could go against the TA so pls do manage ur risk properly.
Possible, Matic could go as high as 1.65 to complete D of the Crab pattern.
upon completing the previus 3 drives pattern and the ABC plot. A bearish divergence was form as u can see in the pic from the previous high around 62 level. It made a reversal after showing weak sign. A forming cypher pattern can be shown as it reverse downside. The completion of the cypher pattern is at the 78% XC and could possibly reverse upward to complete the...