Hopeful thinking again, but I'd like to point out the very bull flag shape we are descending within - along with a myriad of indicatiors I've accumulated throughout the year.
Again, just hopeful thinking.
BUT I THINK UP.
Thank you.
LRC on the up and up along with GME and their new marketplace. Seems to be following fairly closely. Will be interesting to watch as the levels progress. Bullish.
I thought I would share my chart, which remains quite bullish in the short and long term despite the recent push to $95. I see $420.69 by the end of March, we shall see if my vision remains absent.
Things aren't looking good for the SPY - bearish divergence on both the RSI and OBV RSI, with very concerning volume and selling patterns as of late. This week did not end well, and may be confirming a head and shoulders at the top. Looking for the levels circled in green, but it may take time...
Testing the trendline from the last major correction (the COVID crash). Heavy sell volume on this test, and with the fed discussing tapering things may be going red for a while.
Overall I am long on LRC, but am looking to add to the stack with some downwards action. Its small, but there appears to be a H&S that could take us to 2.50 or as low as 2.22.
EDIT: I should add, the H&S is drawn fairly steep and I expect it to move anywhere between my drawn downtrend and the downward trendline. I will cut my losses and buy back in upon a...
Loopring Bull Signal - Massive RSI Spike seen on the 15 minute chart at the beginning of each leg of the ongoing long term bull run. With heavy positive public exposure with the ongoing GME situation, Loopring will be getting massive buying pressure as GME continues to loom in the background. With an announcement of partnership rumored soon, this is likely a...
Obvious BTC/USD Head and Shoulders pattern formation, back down to 60k to test whether it enters a longer term bear market. ATH was potentially a double top.
Please help analyze. Ethereum general trends and potential futures - GME included because it will be pertinent - Interesting timing on the GME spike and the ETH breakout of the bear market? What really happened at the bottom of the ETH bear market, who was the consolidator in the flash crash? Random ramblings included. Yes, crazy.
Some quick charting with main trend lines stretching back years, with pattern trendlines months long. The head and shoulders began at the beginning of the year and could take until early next year to complete if the ascending wedge (green and yellow) runs its course.
We will see a major test in the next month which will return to test the long term growth line...
