An expanding wedge has been formed, it a very strong reversal pattern, we also project a formation of a descending channel on the third leg of an expanding falling wedge thus making 0.16 a reversal point. we expect price to rise as high as 0.49 where it all begun.
On a larger picture, price has formed a bear flag continuation pattern,however before going down we expect price to form a confirming patern at around 0.16. A completion of a bear within a bear flag pattern will see doge crush to around -0.03.
Corection on the third leg of an ascending channel will complet a running channel which is a very strong continuation pattern. with confluence from FIB 38.20% it is probable that BTC price value will increase and price will rise to FIB 200.00%
Formation of a double top on the daily timeframe and completion of an ascending channel on the second leg of a double top shows there is a high probability that bitcoin price will declline against the us dollar.
Currently price is looking to complete a lager descending channel, however before reaching the bottom of the channel price pinpointed a clear bear flag with three touches and an ascending channel on the third leg, this confirms our trade however for further confirmation we are waiting for it to form rejection on the third touch of an ascending channel before...
Currently price is looking to complete a third touch of a larger bear flag with the formation of an ascending channel on the third leg of the flag ,it is highly probable price will fall and complete a zig zag pattern.
Price is currently looking to complete the inverse head and shoulder on the 90% rule of the larger expanding wedge. however, the move could be corrective because the price might be forming a deeper continuation pattern to the downside.
Price has formed an expanding continuation, within the expanding continuation and ascending channel has been broken and a potential bear flag is likely to be formed.
On the second touch of the descending channel, price is likely to form a H&S pattern, however, it's not yet confirmed. a break of the second shoulder and a formation of a continuation pattern might see the price rising to the top of the descending channel.
Price has reached the double top area, an ascending channel at the double top area might see the price drop
An Extention of the ascending channel is likely to reach the double top area, any rejection behavior at the third touch area of the ascending channel will see the price drop to the bottom of the larger descending channel.
Head and shoulder on the bottom of an descending channel...
An Ascending within an ascending) and a third touch confirmation.
USD LOOKS STRONGER THAN LTC..IT HAS JUST BROKEN A MINOR TREND LINE AND NOW WE ANTICIPATE IT WILL DOWN TO 27.70
With the formation of double bottom.. nzdchf changed direction..now we are experiencing a downward momentum. this is confirmed by a potential formation of a BEARISH FLAG pattern..thus the price will continue to go down as as we anticipated.