Looking at Bullish Divergence on Daily Chart on MACD
Cup and handle formation appears to be forming - if break out then resistance at trend line thats held since peak at NOV 2021
I perhaps naively rarely read the monthly candles. But I decided to take a deep dive after finding a 50% fib retracement on the weekly candles. Then I noticed it looks like a bullish flag with fake out break out on the top trend line. This would be exciting news however I will continue to follow the charts.
Showing Support on 4h above Ichimoku cloud. We will see if I am correct or not
Overall I am bullish on $BTC however this appears to be the start of a descending channel as we appear to be breaking out of the ascending channel from previous week(s). I hope that I am incorrect. Would like to see how this plays out.
watching this stock for fun. seeing how the next week or 2 play out with these pale yellow areas of S/R and if this channel gets confirmed as valid. NOT FINANCIAL ADVICE - I'm just fascinated by the charts.
Seeing how the retest of this trend line works. I believe this token will grow long term due to connection to crypto.com but this is purely to record the retest of this line and not financial advice.
NFA this is an idea. I've got some of my own shares in this company.
I drew out a falling wedge on this coin after major trend of of price falling. It appears the price has hit a double bottom and *MAY* be in a trend reversal from here. I'm interested in this token due to its connection to crypto.com. Seems like it has received a lot of negative attention due to price falling since release. Perhaps that negative sentiment is not...
I don’t see any ideas posted yet so here is one. I’m new to TA. Not financial advice.
I'm a newb so this is not financial advice. Just testing my hypothesis and having fun with this.
Just a newbie here trying my hand at analyzing these charts. Been staring following this one all weekend.
I'm a total beginner at charting and TA. I saw this green line originally a resistance line get broken and become a support line. I set up a new resistance line and saw it get tested for the 3rd time. Was just quite impressed to see the green support line get tested today 1.24.2022 and BTC Bounce off the support line. I figured I would publish this.