More downside is to be expected with QI. QI has formed a double top with a confirmed retest and will most likely hit $0.069 before we can see any minor trend reversal. Wish I detected this move earlier, but there is still some more room further down. Any thoughts on this idea, please share with us! -If you agree with this, like and share. Cheers.
MATIC is forming a descending triangle—most likely a bearish continuation. Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade. Any thoughts, please share with us! -If you agree with this, like and share. Cheers.
Congratulations to the one that caught the bottom of the retracement. A trend reversal (uptrend) has been confirmed and SDN is now trading again within the channel. Let's see were price action may take us from here. Potential price targets are layout in the chart. -If you agree with this, like and share. Cheers.
Mina is forming a head and shoulder pattern. It took about 100+ days for MINA to form this pattern. Moreover the market is in a downtrend, it’s therefore likely that this reverse pattern will come to fruition. Go short on the break of the Neckline. -If you agree with this, like and share. Cheers.
dYdX seemed to have formed a reversal pattern (from a descending triangle--normally bearish continuation) into an uptrend. Breakout has been confirmed on the retest on the hourly and almost 4h, but I suggest waiting for a double confirmation, see confirmation level, before entering this trade. Any thoughts? -If you agree with this, like and share. Cheers.
"My two cents" dYdX is forming a bearish rising wedge in a downtrend. I expect more downside, especially since BTC is moving in a downward trend. -If you agree with this, like and share. Cheers.
In the 4H chart of BTCUSD, BITSTAMP. - Falling Volume is not supporting Rising RSI, which may indicate a Bull Trap. Any thoughts?
As pointed out in my comments (previous idea), Lithium Finance is getting a lot of traction and onboarding some big names as Wisdom nodes (Pantera Capital, OKEx, and Alameda Research). Got my bag packed and bought myself a single ticket to the moon! Wait for the breakout to be confirmed. -If you agree with this, like and share. Cheers.
I believe we are currently looking at an ABC correction (wave 4 minor degree), in which MOVR is (perhaps) forming a bullish pennant—followed by a breakout movement in the next week or so (1-3 weeks) Any thoughts please share!? -If you agree with this, like and share. Cheers.
Greetings LUNAtics. LUNA’s price action is forming a bullish falling wedge in an uptrend on the 1h/4h/d timeframes. The end of the consolidation phase is near. If the price breaks out from the descending wedge, LUNA can resume the larger uptrend. We require confirmation by a daily close above the wedge. You can enter as soon as the close occurs or wait for a...
SDN is forming a bullish falling wedge in an uptrend. The end of the consolidation phase is near. We can expect a break of the wedge to the upside, but still requires confirmation by a daily close above the wedge. You can enter as soon as the close occurs or wait for a potential pull back for the price action to retest the broken resistance. I'm trading more...
CIRUS is currently moving into symmetrical triangle. Expect a big move in the next few days.
After BTC corrected to 45k, CKB fell back into what I now consider a rising broadening wedge pattern. It found support at the 0.78 fib level ($0.017) and is now slowly rising again. Let's see how this one plays out.
dYdX is currently trading in a descending wedge pattern (uptrend) and will get listed today on Kraken. We do require additional confirmation (e.g. RSI is neutral, and volume is still low). -If you agree with this, like and share. Cheers.
PHA is currently trading in an ascending triangle and shows a clear buildup — creating higher lows into Resistance (re-testing the trendline numerous times), which is a sign of strength as there is no selling pressure and buyers are willing to buy at higher prices. It has been trading against resistance since the 22nd of February. I therefore expect a reasonable...
After its ISO on the 5th of August ($0.006) Lithium Finance has seen over 800% gains. It's now steadily moving in a descending channel forming a huge bullish flag. Depending on BTC, we can expect a big move in the next week or so. Keep an eye on this asset. Enter at the bottom of the flag (or latter up from $0.23c till $0.17c) or wait for a breakout above the channel.
According to my TA, CKB was moving into a rising wedge. Because volume has slowly been picking up and the retrace has advanced about the 50% fib, I now consider this pattern invalid (unless BTC throws a spanner in the works). We have formed a symmetrical triangle with a nice bounce on the 20MA after the BTC dip. With the introduction of YokaiSwap on the 10th of...