AAVE formed ascending scallop after an invalid Head and Shoulders pattern, but it pulled back strongly, can we see a higher movement?
After a little uptrend, we saw SAND forming the head-and-shoulders top pattern, and, which makes it good for a SHORT CALL, the Neckline crosses Support, it is a very good sign of a possible dump. NOTE: DYOR, be cautious to place STOP LOSSes and trade your own personality.
GBPUSD has formed an inverse head-and-shoulders pattern on the 2h time frame, also, a not-weak resistance is throwing tests back, it is kind of a complicated setup, so: The price succeeded in the breakout of the resistance means that the opportunity of LONG CALLs is in, so, for a strict trade wait for the 2h candle to break above resistance. NOTE: DYOW, trade...
CELO has formed Cup and Handle pattern, in which the edge of the handle lies above the support level, which in turn gives a good sign of a PATTERN CONFIRMATION, in the past few days we saw it in a downtrend but even with that it waws strong, so, is it time for LONG CALLs? NOTE: always DYOW, be cautious to place STOP LOSSes, keep calm and trade your own personality.
The last week ago we noticed MATIC testing resistance as a false breakout then trending down, today in terms of one hour frame we saw it forming a Broadening Rising Wedge with a partial rise being rejected by the resistance which could make a good sign of finishing the pattern, so I see SHORT in favor. (ALSO: Triple Top is apparent in the chart.) NOTE: Always...
We've seen SUSHI with great momentum even with BEARs pressure, now, it has formed a falling wedge after a huge downtrend, and there is a support level around 1.142 which is good now for the Low Volatility, areas of possible PULL BACKs are drawn on the chart. NOTE: DYOR, and be cautious to place stop loss.
A clean pattern of complex head and shoulders has been formed, therefore ETH will test low support levels, the chart is clear.
LINK has been formed a rising wedge pattern which told us that it is going to trend reversally, and in terms of the volume we saw a strong decline which agreed with our pattern, and in the favor of the market situation now, trending down is expected. NOTE: always DYOR.
we saw APE in the last few days making huge progress, while the market was dumping it was trending upside, it started from 2.800 areas climbing to 3.500, then today it climbed to 4.480 as an unexpected movement same as before. It formed a falling wedge in terms of what matters now, and also broke upside resistance, so I expect a huge movement now. NOTE: DYOR,...
Bull traps are over, stay cautious, and do your own research that will lead you to: "CAPITULATION is coming".
There are two bottoms, the last is higher a lot than the previous, seems like the market is recovering, sometimes the explanation isn't essential and the chart reveals everything, so follow the charts!
SPX500 formed an Adam and Eve Double Top pattern, in terms of a huge downtrend, so, as of short-term trading, it is likely to continue trending down, and, as of mid and long-term, it is likely also to continue the downtrend.
AAVE formed Adam and Eve Double Bottom pattern after a consistent uptrend, there is a huge action for altcoins and tokens now, as BTC and ETH moving sideways. AAVE will make it. We saw good upside moves in the altcoins areas which have good projects, AAVE is apparent for having good one.
We saw an aggressive downtrend in the terms of Crude Oil chart, after hitting one of its highest peaks, which counts 256 days with an approximately 42% decline from that peak, as of chart reveals, a bottom has been formed, but is invalid for continuing the downtrend, so, is it "before it's time" bottom? the long bear period tells us that a good possibility is that...
As of the past resistance acts as support now, FTM has an opportunity to move upward continuing the uptrend, there are two falling wedges patterns which tell us that moving upward is in favor now. But the market failing in breakout makes this analysis invalid. Stay CAUTIOUS.
Ethereum formed Descending Triangle pattern which makes falling in favor, especially in the current market situation where bears have the upper hand, a strong green candle appeared after the FED report, but that means nothing to the chart and MARKET RULES, as seen in the analysis there are levels of support that Ethereum will test before forming the bottom.
Chart speech: as of AAPL formed the Head and Shoulders Top pattern, it is likely now to continue its decline as sell pressure matches the low volume revealing a possible decline in interest between traders, which in turn will rise the possibility of more LOW.
Capitulation is coming, the bottom being not formed yet, as the bulls are breathing their last breaths.