Just an idea. The triangle is unconfirmed. Wait for 3 touches on each side if you want confirmation.
Should need a correction after this rally. If your entry is decent and you intend to hold on for the long term, you should probably avoid trading this. FET has established a clearly bullish trend and there should be much, much more to come in the next weeks or months.
This round bottom should lead to a decent rally. All depends on BTC.D though.
I think there's a chance for it to bounce up and begin a long term uptrend from here. After Matic took its final dive down to around 80 sat, it began a long term uptrend and eventually returned to its all time high.
Let me know what you think. Just some fractal analysis.
Here's a symmetric triangle (recently validated with 3 touches on support and resistance) Should have a roughly 70% likelihood of breaking downward (Symmetric triangles suggest continuation of trend) Entry is underneath the last touch of support Stop loss is above the last touch of resistance Profit target is the height of the triangle applied to the breakdown price
This bullish reversal pattern has been forming for a while and now it has broken out. Expecting to see some good gains here.
I believe the bottom is in. Purely based on MATICBTC I would say that it's bullish. Hard to say with bitcoin going how it is though.
An oversold, flatlining ohlc4 Stoch RSI seems to be a good entry indicator. Where will we go from here?
We've got two patterns to go off, a descending triangle, and an especially bearish (downward tilted) head and shoulders. Personally I will be buying at 5k.
My first trade on XRP. Wish me luck.
Not a hard and fast prediction. Just a possibility.
This move is following the same wave structure as the IEO pump, if we chart a potential wave 5 using the same fib ratios we can get a target area.