Silver has just hit an 8-year high after breaking $30.00, driven by retail investors on Reddit and Wall Street Bets on what several sellers are calling "unprecedented demand for physical silver." A set of cascading Cup and Handles with a final target price of $96.202 has formed on the chart. The inner cup and handle, inside the handle of the larger cup and...
Technical Analysis: Bullish moment coming off a double bottom looks to continue for up to a 55% gain. ETH completed a 30% double bottom, wicking as low as 0.01614 and then hit the double bottom target of 0.02852 in a 72.5% up swing. The price has since retraced now looks to primed to move 12.65% upward to retest .02852 at target price #1 and form cup an handle...
ChainLink is setting up for further price correction after price discovery found an all time high at $8.89 and then retraced to the .786 fib just above $8.00. Bulls are now struggling to hold support. Price action indicates further retrace to the 0.382 fib ($7.37 - 7.5%) and then on to the 0.5 fib ($6.90 -12%). Downward actions supported by falling RSI on...
NANO USD is forming the right shoulder of a head and shoulders pattern, setting up a potential 30-38% correction upon the neckline break. Price action should then move down near previous supports levels surrounding the .618 fib following breaks of the .382 and .5 fibs. Look for the correction to complete with the .618 fib area support levels holding, which then...
LTCBTC appears to be in the process of forming an Adam and Eve double bottom presenting a possibility for two swing trades . Learn more about the pattern here: thepatternsite.com Aggressive risk takers can look for the good buying opportunities to open long positions now as the even portion of the bottom forms. The the first target price for aggressive traders us...
Crypto whales are in the process of forming the classic middle finger pattern on the Comp chart indicating a retest of the recent 163 local bottom. The pattern is very similar to the BART and FireWorks patterns, often seen during bubble-like trading prior to large crypto dump due to bulls and bears having very diverging opinions on the underlying value of an...
LTC has formed a diamond pattern setting up for a trend continuation or reversal of over 5% from either APEX. LTCUSD is now trying to hold on to support at $42.05 and is now testing the lower diamond trend line. Upon breaking the trend line followed by a confirmation of a break of the diamond apex a move of 7% downward to just above $39.05 should complete. A...
COINBASE:BTCUSD Daily RSI is showing bearish divergence and has dropped to 20. Historically, daily RSI dropping below 20 has been a highly reliable short signal. The last 5 times daily RSI broke below 20 price drops ranging from $1091 (10.46%) to $5069 (56.78%) followed. More cautious traders can wait for confirmation with downward break of the lower pennant...
Following yesterday's 10% swing LTCUSD has formed a larger diamond as predicted. If you followed yesterdays idea you caught a 10% swing and now a setup for larger 15-25% swing looks to be forming. Inside of the diamond are mixed chart signals including a potential descending triangle forming and a potential inverse head and shoulders. As price action nears the...
LTC and BTC have repeatedly formed diamond patterns that have been very accurate in predicting price action. I'm watching LTC for another potential diamond which appears to be forming. IF it completes, measure height would be 12.15, for a 10% swing. If it completes and breaks up, and confirms above 124.95 then TP is 137.1. If it breaks down and confirms below...
SC was one of the few coins to breakout upward during the crypto correction and has been a solid investment for sometime with heavy investment coming form players with deep pockets. However, following the breakout it has formed a bearish ascending wedge. SC is facing heavy selling pressure and there a divergence has formed between technical indicators and the...
Following the BTC sell-off XRPs price rebounded. The price action doesn't match the technicals which indicate the price should drop.
LTC has formed the strongest and most assured breakout pattern - the Parabolic Breakout and Symmetrical Triangle - with a breakout target of $600. This parabolic breakout pattern represents some of the largest gains possible. A successful breakout is almost guaranteed - failure is rare and most often occurs between 50% and 75% into the contracting wedge....
Solar Coin SLR has just had a breakout and should move to just short .00025980 Safe target should be between .00024500 00025000
RDD has formed a rounded bottom and has moved through the .5 and .382 Fib retracement levels. It is currently moving toward the .236 level at 159 and could retest the 197 level. For target trades check out this related idea
This is my first idea. LTC broke out of its downtrend on 12-31 and moved upward in a rising wedge to form a rounded bottom reversal. LTC then fell out of the rising wedge trading down to a low of 244.5 and in the process of doing so has formed bullish falling wedge. LTC is now looking to break out of the falling wedge with a rise above 253 and and then head...