UnknownUnicorn3931771

UnknownUnicorn3931771

THE REPEAT OF THE BULLISH FLAG PATTERN. We have always explained what a bullish flag pattern is and how it looks like. A quick review on what a bullish flag pattern is and what to expect before a major breakout will happen. Flags appear as small rectangles usually tilted against the prevailing price trend and mounted at the end of a flagpole. If you don't have a...

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Price remains below the $4200 since 20th of December 2018, yet to make a major breakout through it. A quick recap of our BTCUSD price analysis. In the previous analysis the price of BTCUSD where we marked the possible move and what to anticipate. We talked about the inverted head and shoulders chart pattern, which we were expecting the right shoulder to be...

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THE DIAMOND BOTTOM. As the crypto-market remains undecided to major breakout, some coins are showing a price reversal back to the upside. On the daily time frame, the ETHUSD pair has been spotted forming a bullish chart pattern called THE DIAMOND BOTTOM. This chart pattern look like a diamond in shape and has the following things to look out for when trying to...

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XRPUSD We posted on the 10th of this month is showing showing a major move to the upside. Price has broken out of the Symmetrical triangles chart pattern. The gives a strong signal to go long as price has broken out of the resistance of the Symmetrical triangles. The DMI(directional movement indicator) is giving a signal that a new up trend is about to start as...

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THE BEARISH THREE DRIVE PATTERN Point A should be the 61.8% retracement of drive 1. Similarly, point B should be the 0.618 retracement of drive 2. Then, drive 2 should be the 1.272 extension of correction A and drive 3 should be the 1.272 extension of correction B. By the time the whole three-drive pattern is complete, which is has happened already. when the...

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THE PENNANT FLAG CHART PATTERN As easy as it is called, it is difficult to trade it. Th breakout out matters alot at this point. Volume has decreased drastically now at the point of breaking out. The crypto-market is slightly bullish. The breakout of the price from the resistance will be the buy signal to go long. VERDICT: BUY: $3.79 SELL:$4 up to $4.3 STOP...

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LTCUSD Market maintained its level to the upside, despite the little drop in price. Litecoin market capitalization dominance(in %) is till maintaining its spot at 2.51%, and the litecoin market cap figure has continued to increase from a drop down low of $1,371,944,815 in 13th of December 2018 to its current price at $3,401,992,225. Numbers of transactions per...

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THE SYMMETRICAL TRIANGLE Symmetrical triangles, sometimes called coils, are a popular chart pattern because they appear often and perform reasonably well in a bull market. Price trend can be any direction leading to the chart pattern. Shape looks more triangular. Prices move between two converging trendlines. Two trendlines bound prices; the bottom trendline...

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THE INVERTED HEAD AND SHOULDERS CHART PATTERN. Head-and-shoulders bottoms are reliable chart patterns that sport a low failure rate and good average rise. Price trend downward leading to the pattern. Shape like a 3-valley pattern with the middle valley below the others. The pattern should look like an inverted person's head and shoulders, proportional, and not...

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THE NEW TREND BEGINS Litecoin has continued to move higher breaking some near resistance. To analyse the possible price move, we will use the pitchfork to point out the near targets. The pitchfork is use when the price is moving up or down to point out the possible near support and resistance. With the use of three different anchor points 7th of December 2018,...

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0.382fib was a grwat support level to bounce at for an upward reversal. A lot of indicator signalling a reversal to test the previous resistance level. The bullish pennant flag pattern spotted on the daily time frame, gives a more clear price move to the upside. Looks like a short symmetrical triangle. The flagpole which leads to the pennant should be unusually...

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After moving up to meet the expected targets on our previous BTCUSD chart, the price is currently consolidating inside a bullish rectangular flag pattern. Price is yet to breakout of the resistance inside the rectangular flag, just only the rejection wick which signals that the breakout is close. As we all know BTCUSD price move can be way to volatile, a tight...

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After moving up to meet the expected targets on our previous BTCUSD chart, the price is currently consolidating inside a bullish rectangular flag pattern. Price is yet to breakout of the resistance inside the rectangular flag, just only the rejection wick which signals that the breakout is close. As we all know BTCUSD price move can be way to volatile, a tight...

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MORE AND MORE BULLISH HIDDEN DIVERGENCE Still the same chart set up as BTCUSD, the bullish hidden divergence. Price making a higher lows and RSI making a lower low. This gives a signal to be ready to take a long position. A breakout of the near resistance will likely push price to the next target higher. VERDICT: BUY:$133.69 SELL:$145 up to $163 STOP...

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The falling wedge chart pattern. The most important part of the chart pattern is the respect of the resistance and support levels. Traders should always expect 3peaks and 2vallys for the chart pattern to be completed before a major breakout, but the break even failure rate is high and the average rise is low. Price follows two down-sloping and converging...

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THE BULLISH HIDDEN DIVERGENCE The respected support level was held and will likely bounce back up to test previous resistance. The bullish hidden divergence was spotted on the daily time frame, when price is forming a HIGHER-LOWS and the RSI is forming a LOWER-LOWS. This indicates that price will test the previous near resistance and hold for a while. The major...

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THE COMPLEX HEAD AND SHOULDER TOP A complex head-and-shoulders top is a chart pattern that looks like a head-and-shoulders but with multiple heads, multiple shoulders, or sometimes both. The break even failure rate is low and the performance is good from this chart pattern. Price trend upward leading to the pattern. Shape looks like a head-and-shoulders top...

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THE ASCENDING TRIANGLE CHART PATTERN It is created by price moves that allow for a horizontal line to be drawn along the swing highs, and a rising trendline to be drawn along the swing lows. The two lines form a triangle. An ascending triangle is tradable in that it provides a clear entry point, profit target, and stop loss level( as shown on the chart). The...