After our previous target of $8000 the price of Bitcoin continues to climb and has already converted two, intermediary resistance zones into supports zones. Bitcoin is currently at a peak of which is the third point of a descending trend line and a previously identified resistance zone. However, I would still like to keep a bullish bias seeing that the US dollar...
Here is a detailed analysis of an ascending channel that has just broken out. I would recommend placing a buy stop within reasonable distance of a breakout from the current bearish flag. Good luck and follow me for more!
After the target of $4800 was reached, Bitcoin maintained a steady increase breaching through a couple of resistance levels. By extending the horizontal length of my resistance levels, we are able to see the next target around $8000, which is coincidentally, a 5th wave. The overall analysis is only getting better and I appreciate the support. Good luck and follow...
Elliott triangle+correctional waves will see NASPERS deem a double top invalid as the bull market continues. Fibonacci is used to identify an all-time high. Good luck and follow me for more!
ABC correction set to reintroduce the bears Good luck and follow me for more!
ABC correction back to the support=resistance where we hope for a breakout instead of a bearish continuation Good luck and follow me for more!
The patterns were so clear, anyway, it’s seriously oversold, and 10 000 pips oversold under Fibonacci; one double bottom and some reassurance from Sasol and we’re balling upwards! Good luck and follow me for more
I've updated my analysis by making minor changes such as removing irrelevant trend lines and highlighting more important aspects such as the overall Cup and Handle pattern and converting all previous supports(in green) to current resistance levels(in red). I've also labeled the effect of the corona virus as the Elliot Wave pattern and the Head and Shoulders...
Please excuse the title if the channel breaks; death will follow lol. Following my previous analysis, which favors the downside, my Fibonacci resistance has withheld itself, meaning that the only thing preventing the Tesla share price from plunging, is a support trendline. Tough times; Good luck and follow me for more!
The 0.786 Fibonacci level seeks like the final support of this bearish run, for now. My predicted target by the end of the day would be the following 0.618 level. Markets are following one direction today, take advantage of it. Good luck and follow me for more! P.S, we all saw the support for the price of oil, relax.
Apart from the double bottom, the future of Ethereum in 2020 seems to hinge on the significant 350$-400$ resistance level, which is the only thing, in my opinion, holding Ethereum back from reaching a short-term milestone at 700$. If you have a different view, please fell free to comment. Good luck and follow me for more!
This analysis shows the share price of Tesla creeping up on a very prominent area of support=resistance, highlighted in red at the 38.2 fibonacci level. This idea will be updated when that time comes. Good luck and follow me for more.
7600 in the next few weeks! Good luck and follow me for more!
The “triangle of retest” is an opinionated term to highlight the area between two trendlines Analysis also features an Elliot triangle wave Good luck and follow me for more!
I expect @Apple to range between the 255.00 resistance level and the 225.00 support level in the coming weeks (maybe a fortnight, depending on the volatility). However, if the price finds itself penetrating the 225.00 support... Good luck and follow me for more @AadielJordan