IOTA breaks downtrend and is going for confirmation. Close 4h above first black resistance line, and next target is .5 fib.
IOTA performed great over the last weeks, and buy interest is increasing. Atm forming a tight consolidation near the .768 of the retracement. break of this lvl is difficult because it will mean bullish continuation. However the breakout of this inside bar formation can give enough volatility to do so. Buy if it breaks the red pattern. If it breaks below place buy...
triangle pattern projecting a lil over 100.
just crossed an important fib extension, the next one is at 8k. Stop loss trails the base of the parallel channel leading up. Price broke the upward channel 2 times but only went 1% below the channel. Advisable to put your stop loss 1.5% below channel and ride it out. If we go beyond 1.6 ext, we will probably see 2.6 which is around 10-11k. Happy trading
Max Target .50 entry: between now and green line Stop loss: red line
Break and close = buy. target black line, top of wedge
BTC is measured on the daily, while the nasdaq is measured on the weekly. I think we can compare these timeframes because adoption was much more difficult back then. Also news spread less fast than it does now, so it would actually be unfair to measure adoption and accalleration on the same time frame. However there is going to be an error in the exact measurement...
Ascending triangle epidemic. Open with close above line, target is 7-8%.
There seems to be a lot of resistance for this coin. the 38.2% fibonacci level confluences with the major downtrend line and some other significant resistance lines. Although the coin is due for a bounce, the upside potential is limited, untill the big resistance gets broken. Personally, im in favor of shorting this coin for now.
Consolidation pattern (triangle) with highest probability of breaking upwards. Targets are on the chart and are based on the length of the triangle in confluence with fibonacci levels. i'm not sure about confirmation, but i think its either close above 452 or 460. Stop loss is just below baseline channel at 433.
This is an ascending triangle. Here is some details about trading it from a book called: Trade Chart patterns like the pro's, by Suri Duddella Trade: Trade a clear breakout of the top trend line. Enter a "long" trade one tick above the high of the breakout bar. Confirm the breakout by volume or other indicators. Target: "Ascending triangles" have excellent...
I've been short since around 4.20 and im looking to close my short at the .5 and .618 retracement. This area also has confluence with earlier demand zones, fib extensions and trendline support + psychological (3$). I think it is possible that the dip is already over, however the best buying area remains .5 or .618. So if we bounce out of the downtrend i might have...
subb cycles look like 335 structure so im watching for a possible C leg right now, if we dont break ath. Target is 1.61 of wave a, which converges with the .382 retrace of the leg from 3k.
Entering neo if it breaks and closes above black line. will update if it confirms uptrend.
Breakout pattern of the triangle leads us to approx. ATH. The correction has probably ended and the next bull wave is about to start, but beware that it needs to break ATH before this can be confirmed. BFX is still ' not allowing' to long btc pairs, so we might have to wait untill the fork is complete to get el monster rocket. ciao.
Looking at it from EW perspective, wave 3 just terminated between 1.61 and 2.61, which is quite normal. The wave 4 dip didn't go far yet, which is also normal for a wave 4. Im also still looking for the divergence on the RSI, which has not happened yet. `if that happens it means we are most likely in wave 5. i dont see huge gains left for this next wave. it's...
buy in lower part of the pitchfork, sell in higher part.