Is BTC forming a head and shoulders on the monthly? I think we are retracing to the monthly 50 MA which correlates with the weekly 200 MA, but could it be that we move back to the high from 2017 or even the 0.786 fib? This fib lays around the target of this possible head and shoulders.
Does someone have an opinion about this?
I don't know if this is a valid method but it caught my eye that the bars pattern of the last dowtrend and the downtrend before are very alike. Both with a downmove of around 83%. On the MACD it also moved up at the same level so could this mean something?
Could this be a valid theory or am I just trippin?
Not finncial advice in case this wasn't already clear :)
I think ADA will break the resistance of the 0.236 fib and reach in to the resistance of the 0.382 fib. Once it gets to this resistance I expect a retrace to the 0.236 before breaking the strong restistance of the white line moving on to the 0.5 fib.
Nothing I say is financial advice.
At the moment we are in an ABC correction of a large elliot impulsive wave structure. I think the C wave will move on to the previous high of the first wave because we already closed a monthly candle beneeth the 0.236 fib and lost support there. If we reach the high of the first wave it is very important that is holds as support. Maybe we will first put a lower...
LKNCY closed above the 200 MA on the daily and the 50 MA on the weekly this week. It seems LKNCY is retracing to the local high which is also the 0.236 fib. The RSI seems a bit oversold but I think the target will be met.
Nothing I say is financial advice!
NVIDIA lost the support of the 21 MA on the weekly.
I think NVIDIA will retrace to the weekly 55 MA which also happens to be the 0.786 fib and a level of support in the past.
I'm not an experienced trader so feedback would be nice.
Nothing I say is financial advice.
At the moment there is a strong support on the daily 200 MA that happens to correlate with the weekly 50 MA. I think this support will hold and that the price will move to the 0.5 fib which happens to lay just beneeth the weekly 200 MA.
Nothing I say is financial advice.
Is this a valid double top pattern on the monthly? This pattern should have a target to the 55 MA on the monthly.
Anyone else an opinion on this?
I'm not an experienced trader.
Nothing I say is financial advice.
At the moment midsona ab is on a key support level. The white line is a level of key support but also the 0.786 fib. If this support holds I think midsona will retrace its ATH.
Nothing I say is financial advice.
I think we are forming a bull flag and once we break resistance we are in a technical target to the area of 26 dollar. On the rsi we are also at a point where the rsi previously found support/resistance so if we could break that it would also be a good sign. This could offer a great long opportunity.
Nothing I say is financial advice.
Alfen broke out of a symmetrical triangle with a target to the downside leading to 56.3 euro. The 1.272 fib is at 56.65 euro so I think it will find support down there.
If the 1.272 is lost, the 1.414 at 51.4 euro was a strong support in september 2020 so I am considering to place some cheecky bits down there.
This is not financial advise.
