Currently we are in an inverted triangle wave 4 (correction). When the two downtrend lines within the corrective wave breaks, the next uptrend wave probably has started.
We can have some expectation about when the next uptrend could happen. If we consider the price as our tool to forecast, when the downtrend line breaks, the next uptrend wave will probably start. However, if we consider time, namely Fibonacci time tool for forecast, it become little tricky. As it can be seen, each time the price went up and then corrected, the...
The price is moving in an uptrend channel. There is also a longer uptrend resistance/support line to which the price has reacted several times. The pink colored triangular area is where the price could reach and then probably oscillate in it or enter the correct phase.
Price is moving up in an inverted wedge. Currently, we are in a correction wave within the inverted wedge and have to wait for the price to break the minor downtrend line. If it breaks, the uptrend wave can go up to the downtrend line that connects the two major price peaks.
It looks like the corrective downtrend wedge has ended as the price crossed the upper side. There are one or two resistance lines ahead, after that, there is no resistance! How up will it go?
Doge is in a steep downtrend wedge. There are three resistance lines on the way down; the price has already reacted to the first one. The first sign of downtrend change must be the price breaking the upper line of the wedge. However, if the price continues to go down, the horizontal resistance lines can help determine the area from which the price can bounce and...
Price is moving in a downtrend triangle. When the upper line of the triangle breaks, the uptrend wave will probably start; There are two possible resistance lines in its way.
Price has already broken the corrective downtrend line and spiked up in the new uptrend wave. Currently, the price is in a minor corrective wave within the uptrend wave. The first resistance (probably minor) is the previous price peak and the second resistance will be the major uptrend line.
It appears that the current correction wave might take double the time as the previous one. The area intersection of the horizontal resistance line with the vertical line of Fibonacci time zone (2) is important. We need to see increase in buying volume as well as the price breaking the downtrend line(s) in order to get the initial signal of trend change.
Bottom of Inverted triangle holds + downtrend channel breaks = the next uptrend wave start. Might be that simple :)
There are two uptrend support lines which have supported the price so far. There is, also, a downtrend line from which the price has bounced three times. Finally, there is a horizontal line which seems attract the price like a magnet. If the downtrend line breaks, we might see a small uptrend, however it is more likely the horizontal line attract the price again;...
The analysis is clear: if the downtrend line breaks, the horizontal lines ahead are the next targets. Although, price braking the line might not be that simple; price correction and time correction probably happen.
There is a clear (somewhat) strong horizontal resistance line which the price was unable to penetrate it; so far. On the other hand, wee see an widened uptrend line which the price bounced off it every time it went up. When the downtrend line break along with increase in buying volume we might see another strong uptrend wave; The target of this uptrend wave is...
The price moving in a uptrend channel. The price has already bounced back from the bottom of the channel and also broke the downtrend line withing the channel. We might see another pullback to the bottom of the channel.
The price is correcting in a downtrend channel. The break of the downtrend lines can be a signal that the trend is reversing to uptrend.
The price is correcting in an inverted triangle pattern. If the horizontal support line holds the price, then an increase in volume accompanied by price breaking the inverted triangle means the price can goes up again.
The DYDX broke the downtrend line, then the price experienced a pullback on the broken line. There are 3 major lines ahead of the price; the future price projection is demonstrated using arrows.