A few weeks ago I had this feeling $LINK is following a typical bubble pattern. It was not believed, however it still is valid to me. We are at a crucial point however. Will $LINK manage to get back to the mean? And possibly cross the 200MA again? Interesting. For now I am just studying this chart before taking a position.
$ETH lost its battle against the resistance line. Without making it a proper support, it is inevitable to face a correction in the $200-$300 area (see resistance lines in the set-up).
The fibonacci levels show clearly the S/R levels. With the failed attempt to break the upper resistance a head and shoulder pattern was formed. This could imply a massive retracement for $WAN
NMR is following this bearing channel. Until there is a succesfull break-out it is bearish.
Cup n handle forming on ALGO - ready for a next run? MFI is increasing - small bullish divergence Bollinger band is tight Price is on MA $ALGO
There is a massive bearish flag on $ETH 369 incoming?
Let's see where this is taking us!
There is a bullish divergence on the charts. Moreover the bollinger bands are squeezed. Tiny trade incoming?
ARPA broke the resistance - let's see if it can survive the pullback and reach target 1 & 2
ICXBTC is broken out of falling wedge. The possible gain is shown in the chart. Maybe we get a pullback at this stage, but we have to find out. This could give us the confirmation of the first wave of the new set of impulsive waves. Interesting trade!
Profits are taken. Waiting for a correction now (= wave 2). To be continued.
ALGO is an impressive project with a bright future ahead. What got my attention was the clear bounce of the support (diagonal). With the current behaviour of the market, this is a tricky one.
ONE is looking good over here. It follows the Fib channel nice and easy. Self explanatory chart.
Bear with me here. This wave 3 of EOS is insane. It looks like we are currently in wave 5. It could be, because of the extended wave 3, that wave 5 will be truncated at the top of wave 3. For me it is to early to play this trade. What about you?
KAVA is showing us a bearish pattern. Supports are drawn, which equals the flag pole in length.
SXP was under the MA and in that period in a downtrend. It seems that the token is now breaking through the trend. If this is definitely the case than it could be that we will see a bullish upcoming cycle. Let's find out.
So the bubble did indeed burst on this one. Now what? Probably we will see a bulltrap in a few hours. Than another big drop. What do you guys think?
At this time we see a corrective wave with ICXBTC (ABC). With a textbook pattern for wave 2. It seems that there is a third wave starting now. It's projection would give us point C. However in a bullish market we could see a flat pattern. Both points are also supports, which makes this forecast plausible. Let's see how this will work out.