so this finally indicated a direction at the very end of that huge wedge....then BTC dumps..but now it's looking pretty cup w handle ish and i like how theres a second- confirmation low within the cup. beautiful rounded handle and a clear neckline...about to go positive on the 4 hr w class A hidden bullish divergence. the measured move of the cup takes us beyond...
i'd say wait until we break this "neckline" my first thought was a busted inv. H&S like so many are showing, but it's a lil more 3 rising valleys...either way the higher lows look great, like the bottom is in. one would prob fibonacci for other targets and i expect this to reach them
the one hour shows really well, were in an inverse head and shoulders and each part is it's own h&s...pretty neat wont really confirm until it breaks 60k decisively but one wouldn't be unreasable to enter at 57k
even though this is a chinese company, could be a play at these levels. what a beautiful chart too. some kinda XABCD at the top of the craze, nice triple top to mark the top of the range, after the demand line broke, & nice consecutive higher lows x3 to mark the bottom...also the historical former resistence level holding. possible turbulence at the $30 level,...
i like the slightly higher low recently double bottoming at the previous highs, as well as those two wicks. looking the weekly though this is kinda a zone and if this doesn't hold maybe .90 incoming
maybe C is a lil high for an actual harmonic but look at the resistance at B...i ike the higher lows after each rejection. if the market stays like it has been...i could see this going back to C and beyond. idk what aplha is or does either, but i like the chart so i'm still holding. next fib nevel is just over $4 if one wanted a second target. no edge on the...
not really a value area, but here's another showing a complex inverse head and shoudlers after maybe a harmonic in the middle of a monster run. class c macd div. on the 4hr. if nothing else easy to manage risk and get an equitable trade targeting the high w a stop near or below the head. i'll add more here i guess
not sure if C is high enough here for the bat, but it matches the measured move of the H&S if the pattern confirms. easy to manage risk w a stop just below the head. i have no i dea what this scoin is or does yet, but the chart looks good
this could just be pennant...and these certainly are NOT value areas. but i see an adam and eve double bottom. not much of an edge on the oscillators for help either. measured move of the wedge is also the 1.618 fib extention...i guess one could try the next level for a second target, cuz theres not much else at these levels. they just got a patent though i...
One low, and a second, higher confirmation low. looks like a bullish shark pattern. class B bullish div. on the macd and rsi...at a critical support level. it could be time sports fans
lil complex on the R shoulder...this technically hasn't quite broken out yet. waiting until the neckline is breeched, might improve your odds, bc the patterns not complete until then... but i'd take it now. measured move takes us to C (if i had drawn the last waves) and i set a tight stop for R/r
this thing hasn't been doing much for a while, but looking at recent history...(hope u see where im going) once that decending supply line breaks the leg up comes. first one was kinda drawn out, n the next didn't leave as much time. you can see i rebought wayyy too soon. but im ok, if this levels long enough i think we can target the prev. highs and hopefully...
looks good to go to the next resistance level at least imo. might even be able to catch a lil better entry within the stop range
also some class hidden bullish div. on both oscillators on 4hr. first target measured move but who knows it'll prob 4x after i tp
def looks like the bottom is in. first is h&s eque, followed by 3 rising valleys, they look pretty close on the daily. looking at the range its in the measured move is right about the 1618 fib extension. i like this project fundamentally as well. its a decent percentage of my portfolio maybe even 10%
I like the fundamentals here too... props to ZiptaderU on the DD. technically, looks like an entry to me. Tweezer bottoms on the weekly. the daily has some pretty clear class B hidden divergence. nice signal cross on the macd, and conf. over the MA. i would tend to agree w charlie's long term PT of $90 for this Amazon of Africa