Daily bullish pennant(purple) target is around 37,82 but weekly PRZ would probably be around 44,84 which would be a perfect place for shorts finally taking control. Because yellow symmetric triangle target will be complete at the same time with probable 1st wave inside of 3rd wave major count.
If weekly support zone and ending channel support holds that I am expecting 5th wave.
green and yellows have very low possibilities on the other hand red is commonly expected but my highest possibilities goes blue.
Ending channel formation has a two side formation targets. If we have already made a HL around 33K we will likely follow the turquaz path. This is my higher probability btw. Yellow path is the worst possible scenario which has a low probability since we already down from the 69K top around %52. Since the red path is the technically on the table considering we made...
Inverse head&shoulders inside the bullfrog which already corrected to its middle line. Breaking out 0,131 usd will be substantial.
Bullish pennant/symetric triangle inside the long term channel which includes yellow falling wedge structure eventually cause breaking up.
Weekly silver chart is above major support inside in a yellow bull flag which has been consalidating for 14 months so far. Below 21,30 usd we have to stopped but if we can see bounce from here bullish gartley will carry us above 27 usd. In months from now this could be the latest opportunity of a life time since we considering flag and cup targets.
Considering ren/btc pair was topped out on august 2020 that heavy correction is ended. Rsi falling resistance line has already been broken. Orange channel support worked nicely and yellow falling wedge is broken as well. Once we see 1443 sat level been broken to the upside that we might see substantial move.
There is a green falling wedge which about to break out + yellow bull flag with positive divergence on the rsi. Momentum has been sweeping the ground for a while and once it's start rising I am expecting to see test of orange upper channel...
I think 3 years resistance line around 3792 sat rejection was the last one and we will break there permanently in the next attempt. Considering the white ascending triangle + yellow harmonic BAT pattern on weekly, descending wedge and rising channel on 4 h. My first target zone will be 8000 sat zone.
Found confirmation from the orange parallel support and broke out white flag at the same time. If we managed to climb 925 would be the 1st giant move on the way up.
It's almost certain that either we are going to follow green arrows. I am expecting that green support zone will bounce heavily to the upside. We will break that support zone probably next time.
Just broken 3 years trend line and it's going parabolic from now on
Expecting reject from the red ring wedge and come back to green zone than blowoff top
Follow all history back to 2013 with pitchfork tool which contains future target zones.
1st we need to break descending triangle on 4 chart rest are on the graphic