Optimism is forming a cup and handle pattern. The measured move puts the price around $12. The pattern is not complete until the the price breaks above the neck line. Falling price and falling volume could mean a reversal is near. Daily stochastic RSI has been in oversold territory. The last time the daily RSI was this low the price went up 450% in 21 days....
OPT token is flashing hidden bullish divergence and that is a sign of trend reversal. Opt has been in a large cup and handle formation in the 1 day time frame. That could bring the price to $12. All of this data depends on the macro environment. If legacy markets and Bitcoin keeps going down, so will OPT.
Bond price action is dropping due to Bitcoin and upcoming events. The upcoming Fed meeting is causing volatility in the markets. Price action is retracing to the 200 day MA. Both the 200 MA and the 0.786 Fib level sit around $7. If the 200 MA does not hold as support, we will likely head to the next level of support at $6.40. Hidden bullish divergence on the 1...
Coin 98 has been in a bullish pattern called a descending broadening wedge. Price action is more likely to breakout bullish in these patterns. The mesured move is from the high entering the pattern to the low of the pattern. We could expect the price to reach $0.70.
Bitcoin broke out of the inverted Head & Shoulder pattern. It currently appears to be retesting the neckline for support. If Bitcoin finds support here, the price could hit the measured move at $24, 700. If Bitcoin loses support here, the next line of support is at $22, 834.
Time has been forming a semetrical triangle for the last 3 weeks. Each time it has found support on the lower trend line, Time has seen a breakout to the top trend line. Time is once again finding support on the lower trend line. A move to the top trend line could have us retesting $100 for a 25% price increase. Stochastic RSI is low on the 15 minute, 1 hour and 4...
Back on July 15th 2022 bond had a confirmed Golden Cross when the 20SMA crossed over the 50SMA. The result was a 675% increase in price. We are now within a few days of a possible 50SMA crossing the 200SMA. Could we see similar result Price action has been coiling for nearly a week. Daily Stochastic RSI has spend a significant amount of time in the oversold...
Netflix has created 2 CME gaps. The majority of the time, the price comes back to close these gaps. Orange arrows are gaps that were successfully closed. Our first price target is $331 and our second is $511. More downside is likely. I see some support at $1.70. After that, the next major support level is $129.
Wabi/BTC has been in a falling wedge since March 2021. Falling wedges are considered reversal patterns so it is likely to breakout bullish. On the daily time frame, I see hidden bearing divergence. This could push the price down to re-test 0.00000195 BTC which is the current bottom. This line should act as support and start the bullish breakout. The daily MACD...
Bullish scenario: Mina Protocol will complete the right shoulder if the price reaches $3.17. This will form an inverted head and shoulder pattern with a price target of $6.46. Bearish: Rejection at the neck line ($3.17) will likely send the price back down to the next support line at $2.13.
Good morning community. Here's a theory of mine: Bitcoin is in wave 5 of the Elliot wave. If Bitcoin can get through the EMA's we should head to the top of the channel before another correction. Bullish divergence and Stochastic RSI on the daily time frames is in our favor.
Bitcoin printed a diamond pattern on the 1 hour time frame. Price target is back to $42K. 1 hour stochastic has room to run. MACD crossing bullish.
Inverted head and shoulder pattern could sent the bitcoin price to $50K. A weekly candle close above $47K will be bullish. 3 green weekly candles in a row.
Bitcoin is on a support line of the bull pennant. Hidden bullish divergence tells me it's more likely to break up than down. Downside possibility is a Bart Simpson pattern to $45K. Scalp trade to the top of the bull pennant or short term trade to $52K. Just what the TA is saying
Gala on the daily timeframe has turned the 0.786 Fibonacci retracement level from resistance to support. Looking for it to bounce towards the golden pocket at 0.65-0.618. Gala is also breaking out of a long term symmetrical triangle with a price target of nearly $2. 10X. *as long as Bitcoin doesn't shit the bed, this coin is looking bullish.
Cardano broke out of an Adam and Eve double bottom pattern. Price target of $1.30.
CRO to $0.80 possible after a confirmed inverted head and shoulder breakout. Stochastic RSI over bought on the 4 hr and daily so momentum may slow up causing a retest of the large bull pennant.
Bitcoin is in a bull pennant on the hourly time frame. Price target $45K