a lot of trends converging pushing btc in weird ways.
WTI trying to breakout of it's current pennant. If it breaks out, I would expect a retest once it gets rejected by the .382. Then it should race towards the .5. It might run short unless it can get past that heavy $3.2 zone.
Breaking out of a pennant. If it can make it through the heavy sell zones, it should clear $9.5
ETH is retesting one of the last areas of support before the huge down move in price back in March. If it is able to hold the support, it will try to retake the next resistance line, but I would expect it to get rejected a few times before breaking through. If the $195-$205 line holds throughout, it could become a new long term support
If BAND is able to close about the $1.18-1.20 range, it has a chance at another leg, eyeing the $1.35 price range, possibly topping around the $1.25 price point. All depends on how Bitcoin wants to play.
REN is retesting previous resistance. If it holds, it needs to break up through the 760 sat range or risk getting rejected and forming a right shoulder. Potential supports highlighted.
REN just ran through one of the previously significant price point. The neckline from a previous inverted head and shoulder breakout. With the minimal price history, if the volume follows the breakout this could see all time highs.
Chart formed a cup on the relief rally, then stalled out in the heavy sell zone. Handle is forming with a head and shoulders in the lower time frames. Depending on the strength of the market, this could get ugly very fast as with the ongoing oil narrative.
Squeezes into the heave sell zone and either gets rejected outright or hangs in there eating the buy walls. It seems to have the momentum to go through it, slowly but surely.
WRX has been forming a large cup and handle over the last two months, currently attempting to break out of the handle. If it breaks through the few heavy sell zones, it could see a new all time high over the next few months.
BAND topping out for the next few days. After being rejected, it could fall into a flag, completing a left shoulder and the head of an ih&s. All, if and only, bitcoin plays along.
At these levels, USO should see a small bounce, since it is squeeze and oversold. Either that, or it is going to zero.
SalesForce, finishing a rising wedge on decreasing volume. Will possibly fall out of the wedge and will finish forming the right shoulder when re-testing the breakdown. Dump it.
SPY hitting heavy resistance, if it gets rejected, it'll form the head, followed by the right shoulder, after a relief bounce.