A nice cup and handle pattern has formed on USD/ZAR. Look for a bullish breakout of the handle channel.
USD/CHF has submitted to resistance and is on track for a full retrace and a repeat of its previous bear run.
If this wedge breaks down, expect a bit of a bear run.
Netflix has formed a rising wedge pattern which can break sharply down if the bottom support is breached. A short at the top of the wedge here is a risky but worthwhile play in anticipation of the next support test - especially considering that the last jump was on low volume.
XMR has been in somewhat of a ranging channel since the start of 2018. Currently, price sits at support inside this channel in parallel with the 200EMA. If the channel holds, a swing trade of around 30% to the top of the channel is possible.
XMR had a ruge rally over the past week but it looks to be coming to an end. A bear div has appeared and price is testing strong resistance at near-ATH levels. This, combined with a big gap between the tenkan and kijun on the 6H ichimoku cloud suggests a pullback to at least the 50% retrace of the rally (kijun).
With Bitcoin bottoming out and the first major line of resistance broken, here are the next few key levels to watch out for. A pitchfork drawn from nearly a year back suggests the median of this trend lies near 18k, but there are plenty of hurdles to jump before we reach that point.
Stellar could be forming an Adam & Eve reversal pattern here going into the 6H cloud. If completed, it could coincide with a kumo breakout which are both bullish signals. Look for an entry once the next couple days if this plays out.
FB beginning to recover from heavily oversold territory according to the long-term trend as captured by this pitchfork. After falling out of the main section of the PR, the price rebounded from around the 1.618 fibonacci extension band. If price does not break the PF again with a new low, expect a return to the median (green band) in the next few months.
LSK/BTC has been ranging in an ascending channel since last June but could be entering in a bullish breakout. However, a bearish breakout in December turned out to be fake so what we're looking for a is a return to broken resistance and confirmation that it has turned to support. If price bounces, we're good to go, otherwise it's back to business as usual. Fib...
Not totally convinced but worth watching
Stellar has completed an inverse head and shoulders pattern on the 4H is looking ready to pump to new all-time highs. The descending volume gives legitimacy to the reversal pattern and the volume spike and bullish cloud metrics give confirmation to the bullish reversal. Look for a test of the ATH at 6815 and then a run to the next fib extension at 9100.
VEN has a nice pitchfork going right now which should allow for some small swing trades. Watch for price to touch the lower bands for an entry and sell when it hits the upper bands. Also look for RSI divergences for either confirmation or signs of trend reversal.
BTC is rubbing up against the bottom of the pitchfork that has defined the trend for months now. If it closes below and successfully breaks the bull trend, we could see BTC dropping as far as mid 8k range where the EMA rests alongside the 0.236 fib retracement. If the pitchfork holds, expect a return to the mean with an eventual rally to upper 20ks or 30k+ i.e....
ETH is nearly primed for a nice bull run to new all-time highs. It is currently in a zone of resistance but with the 1D tenkan about to cross bullish over the kijun and price in the cloud, we have signs of a bona fide trend reversal here. A risky bet is to enter now while in the resistance zone but a safer option is waiting for a close above the resistance zone...
Another altcoin primed to pump, no surprises here. Entering into cloud, sell on cloud exit for quick swing trade otherwise hold out for ~50% retrace of previous ATH or all the way to ATH. Targets: 0.00059, 0.00095, 0.00170 have at it yall
GLD is looking good for a bull run. It formed a kinda pennant/ascending triangle pattern and is breaking out into the 1D cloud. Our target can be determined using the top of the cloud and the retracement from the previous ATH for around 4k. A closer look on the ascending triangle also reveals a nice double bottom / W pattern which supports this breakout even further.