Just an observation, bullish 1M log / line chart idea, levels roughly drawn by hand
Yesterday we had what looked like a parallel channel uptrend forming, it has flipped and formed a downtrend. We still have a parallel channel at the moment, any further down from here invalidates this channel too.
Trying something new with CRV - this idea has us forming a parallel uptrend, with fibs drawn inside the channel indicating targets. A clear/clean break below the channel invalidates. Moving up within the channel and stopping near fibs may indicate this is our uptrend, until channel is broken.
Just an idea, it's happened 4 times now with this token, can we do it a 5th time? Ask BTC for permission ;) Previous related ideas linked below - also posted another idea earlier today (W shaped recovery), channel already invalidated, but something like that may play out also. Alternatively, we head down further and this was not a real bottom.
Bullish and bearish targets highighted. This candle is at the precipice of both an upward trend since June, and the longer downward trend. Unllike the weekly chart, on the monthly, we haven't broken the long-term downtrend quite as clearly. Just a the top 1/3 of a candle and a wick, and the trendline is higher on the monthly than the weekly, here's the weekly...
Successful re-test of midpoint and stay in channel - buy alts (I think we continue up) Break below channel / unsuccessful re-test of midpoint - sell alts
Here's a new idea after following the inverted Head and Shoulders move: We have formed an uptrend, this is our new channel, movement within the channel may look something along these lines (pun intended), and if so - it'll be incredibly profitable. Alternatively, if we continue downwards from here, it's possible we form a double bottom on the longer time-frames.
Broke above wedge, may move up (brand new token, only history to go on is YFI, this is a fork of YFI with additional code - be extra cautious trading new coins)
Provided a bullish scenario plays out, I think it moves up from here and targets listed on the chart TP1, 2, 3.
See comments within chart.
HBAR has returned to major support area (between 350-380 sats roughly). - If we break and close with a daily candle below the green box, HBAR is likely to move further down - For it to be bullish, we need to get back above the bottom of the yellow triangle (approx 397-400 sats) In the bearish scenario, it's possible a short-term bullish move occurs that takes...
Inverted Head / Shoulders / Triple Bottom confirmed, we broke the neckline for the HSi and for the triple bottom move, and hit both targets 1 and 2. We're currently testing the 0.5 fib from today's move. If we get passed the green box where target 2 was, we can expect potential for a much larger move up. Zoom out to see long term fib levels for potential...
BTC broke out of it's channel here after forming inverted H&S, and is currently re-testing the top. A successful re-test indicates a move back towards previous / recent highs. Testing 12k several times suggests we eventually break through. A break back into the channel may result in a move back downwards.
Quick bullish idea for Comp, possible it may go down a bit first and re-test the neckline before moving up (not shown in idea). Beware BTC, it looks like it will move any moment, can ruin any great setup.
CRV has triple bottomed and is in the process of forming a giant inverted head and shoulders, and has already formed 3 smaller sets of inverted head and shoulders within that pattern. Need to break above dashed yellow line (1) for confirmation, and break above the green box (2) to see a mega-move. As mentioned before, Curve Dao has also been hovering between...
It hasn't reached the same peaks and valleys drawn, but it's still following the pattern drawn at this point. May drop down to bottom of right shoulder before heading up. Breaking below that invalidates the setup. If we form the right shoulder, we may re-test recent highs. If that occurs, a break above recent highs sets this up for a significant move. CRV...