In the past year, LRC has gone through 2 peaks and dips. - Fib retracement puts top between 1.6 and 2 on the next peak - Each dip crashes pretty extensively - If pattern continues, next peak could be between $11 and $15 then crashing hard. Caveats - Different market conditions (very volatile, crypto is suffering a major correction) - Price is hard to push up in...
Ascending triangle on hourly forming for BTCUSD. - If it breaks out, target is 40k - FOMC comes out tomorrow which could impact results. - If we breakout on the upside and stay in the purple zone, this new area of support and resistance could be bullish for the next few days. Eyes on the FED
- Price is on the cusp of a breakout - Will retest ATH - Retest support - GME earnings report is Dec 8th (any mention of LRC could lead to a parabolic push to 1.6 Fib level of $8) - Retest of support and 1.0 Fib
- If breakout remains, Matic has resistance in the next few weeks. - If can break the $2 mark by early December then its price discovery until $3.8 (Red) - Could bounce to $5 (Red) - If it doesn't break then delayed breakout to possibly $5 (Green)
-BTC testing bottom channel support -Coincides with monthly BTC Futures expiry -Throw some Covid Spookiness - RSI looking oversold territory - May bounce on support for a few days but the likelihood of bounce up is looking good
- Breakout confirmed - If it can flip bottom channel resistance ($3.20 level) to support (Red) then, EOY target is $7 - If it bottom channel resistance ($3.20) remains, then EOY Target is $5 - RSI top aligns with timing
- Purple Fractal is last years movement at the same time - Blue Fractal is BTC movement after a correction from the local top (2020 Covid crash) - Neither may win but interesting to see it match into the inner resistance and support channels
- FTM broke out - Last time it broke out, it topped at top Fib level - Rising RSI from low - MACD looking to reverse over Signal - Fib Levels are $4+ in December
Matic is looking to breakout. - Falling Wedge - Rising RSI - MACD beginning to reverse Previous falling wedge led to a push to the top of the channel. This would be an $2.50-$2.70 price.