Currently watching this bull flag within the massive symmetrical triangle we have been forming since early February. Looking like the price action out of this flag will determine the move through symmetrical triangle in either the bearish and bullish direction.
Watching this ascending wedge on the ETH 4 hour. After a very bullish few days, the move looks to be coming to and end in the short term. The technical pattern combined with declining volume and bearish divergence are all forecasting a move to the downside. Don't be afraid to take some alt season profits to have some dry powder.
Watching this daily chart on Avalanche and stalking an entry if it can break to the upside. First supply in the $38 range and then to the all time high. $24 has proven to be solid demand but a break of that would be extremely bearish.
The SPY daily is beginning to look a bit scary. Massive bearish divergence on the RSI and negative fundamental news with the Archegos default. Will be looking for downside in the short to medium term down to the anchored vwap from November 9th with has proven to me massive support. Breaking that will likely lead to much more pain on the downside.
Absolutely massive breakout to the upside out of this bull flag we have been forming. Looking for a break above and retest of the upper trendline of the bull flag or a break above and retest of the extremely important 58,300 level.
Link is currently seeing price consolidate between long term demand that has been in place since late January and supply that has been established since its break below the prime trendline. Bids are placed at the 24.81 level and I will be targeting a trade up to the 31.50 level. Indicators providing no edge, Link also has low beta with the broader market so this...
Currently looking at some hidden divergence on the ADAUSD daily. Heavy upside resistance at $1.3044 and $1.545. $1.07 range has proven to be extremely strong support.
Interesting place for the BTC sell off to slow down. Looking like this could be a temporary pause in the action or a reversal back up to the 54K range. Break this level and look for some more price action to the downside.
Bitcoin is currently forming a large bull flag on the daily. We will see if we fade this Elon pump or if it gives us the energy to break the upper trend. Indicators providing no edge, only price action here.
Combined ascending wedge, bearish divergence on the RSI and decreasing volume are all forecasting a bloody month. Confirmation is a daily close below the lower trendline of the wedge.
