See comments on chart. Election doesn't matter, I'm bearish on the stock market because of factors already in play. I also think this could play out much faster than over 4 years, as drawn. See related idea for S&P500 linked below.
CRV / BTC - CurveDAO has formed a bull flag after reaching a bottom. Also, a while back I posted an idea that we might form an inverted head and shoulders before making a stronger move. Let's see if they play out. Be wary as this is a new token with not much history and anything is possible, also beware BTC as always :)
HBAR is re-testing the top of the long-term triangle here. We need a big bounce here or this whole setup is invalidated. Bearish idea - Take a look at the BTC pair, it ended at the top of a giant parallel channel that is in a downtrend, will update with a pic.
CRV double-bottomed with a slightly lower bottom, and then broke out of it's long-term downtrend and gave us another >30% move. It has now made multiple attempts to break through resistance here (red box), and we've printed an inverse head and shoulders below the resistance. These don't always play out, so trade carefully. 30+ % is a wonderful place to take...
This is either the last leg before we break way up, or we head down much further from here if we break below this support. Either way a big move is coming.
Bottomed once with inverted HS, may bottom again here slightly lower (double bottom). Close below green line at bottom invalidates setup. ***!!!Also, be wary of BTC and BTC dominance - can invalidate any altcoin chart!!!***
Explanation on chart, we are near the top of a broadening ascending wedge - two artificially stopped crashes in a row, fundamentals going opposite direction, market losing steam. Best case scenario is over 1000+ point drop and we go back up. Worst case - stop at previous double top, re-test and break through previous bottom following double top.
We just broke out of the longer term downtrend (purple triangle) and the short term downtrend (red channel), if this holds we could have a nice move up. Targets - 3500-3600 sats, 4100 sats, 5500-5900 sats (stretch goal) - need to cleanly get passed 2600s (purple channel) area to move up. Potential for much higher move if we break all three. ** Note - this is...
Feels like bitcoin wants to be at 11900 area, short term.
This may turn out to be an inverted Head and Shoulders Pattern instead of a Double Bottom. Difficult to say with a brand new asset and very little history, this is just an idea, let's see if it plays out.
~370 Sats - if we get back down there
Let's see if we do this (see link below) again on the higher timeframe. Long from 2700 area. If we break 4100, we may go up to the .786 fib or just below (if not higher). Link -
Observation - There are 8 days left in the 192 day gann cycle where we expect major pivots to occur (measured from day after last highest peak), and we've broken resistance on all triangles. See linked charts for targets.
If we break and stay below this channel we're likely to see a continued downtrend. Let's see if we get a nice bounce back up from here for the weekend. A drop below the channel could fall down to the green line drawn below. A pop up could bring us back to the top of the yellow channel, or towards the middle.
We found a bottom and printed an inverted head and shoulders two days ago, now it looks like we may be forming a larger inverted head and shoulders around it.
If we get a sustained cross above the line drawn above, we have confirmation of a double bottom pattern reversal and can expect bullish movement
I've been bullish on HBAR with my other published charts. Here's an alternative idea: We have been in a downward channel since the Google pump ended after we hit our most recent high. We recently re-tested 500 area after a recovery from 350-370s. This idea predicts we tap near or at 500 one more time, at the top of the channel listed above. A conservative...