Just observing. Looks like LLY is in a major distribution phase and for the first time in a long time is losing the weekly uptrend. Could still hold here at current price but we could potentially see a sharp retrace in a end of year sell off. I would view this as an opportunity to enter. Just posting for my own records.
Price action analysis of PLS - never heard of it before until now - chart is pretty ugly but want to see if this idea plays out Red boxes are my short entry ideas, blue boxes below potential entries for long seems prepared to bounce here but until long term trend changes, just a retracement before more down.
Security focused alt coin that has been making connections with MEXC and other exchanges etc. Seems like its going to run hard - plus I like the name Otacon from metal gear solid. Just feel like this is going to run hard.
NFA - Just practicing TA FITFI has been on a tear and just had a quick retracement that bounced PERFECTLY off the 618 and rallied immediately. Expecting some pull backs from this area and at the levels marked above price action on the chart. Doesn't appear to be much in the way of Supply Zones over head. May get some entries at the levels marked below price...
Looking like we are in a range again - i'm still not convinced that we're in a true bull trend - lots of bullish news but also lots of bearish signs. Overall, we are probably going up but my idea is that we may only be retracing the move from the December tops, around 50-56k and then back down? Marked off what I see as potential turning points. Demand zones...
Some bullish signs but overall looks like it could be just a retracement of the move from ATH to now. Weekly fib levels have confluence with supply zones overhead. If we break down below the yellow trend line, seeing demand at 32k, 25k 17-19k. Want to be bullish but can't stop seeing the bearish picture in front of me. Not financial advice.
Not financial advice. Bit of a messy chart but it seems pretty clear. BLOK has long term great fundamentals and I'm bullish in the long term. In the short term - 4hr/D - looking like we're going to be retracing down to the buy zone marked on the chart. Lots of price action levels that have confluence with fib retracement from bottom to top of the recent move...
Not financial advice. We're looking at a trend reversal, back to the down side. Price Action is consolodating in the current Red Box area. We're on the look out for where the next local low will be put in - but for now we're hanging over no man's land. Retracement down to white support levels will be healthy and constructive. Some confluence with fib...
First time using pitchforks in an idea - fundamentals lining up with good technicals. 5x from here likely. NFA.
Would be looking for a reaction at these untested price levels for short-term long trade. Unsure of longer term.
Downward BTC Targets to go LONG: 41327.93 40863.05 39521.41 —> I think this will be the likely lowest wick level, followed by big bounce 38972 37873.90 —> This would be the ultimate discounted price, but closing lower than this may be reversal. Not financial advice.
Hasn't been on Uniswap long - but this project looks extremely promising. DYOR - but this could be a GEM in the defi space. INFI is in a decending triangle - it could break to the downside - but considering it is such a new project, there is very strong support and its not dumping off. Being bought up at the support line. Short term targets - red lines - could...
Not advice - I'm a noob practicing TA. Here we can see a long-term wedge starting to squeeze looking at the weekly chart. Zooming in on the Daily - we can see the recent price action is trading in a nice channel - looks like this project will break-out to the upside. SEC approved ICO for this project bodes well for the future - considering there may be stricter...
Not advice - I'm a noob practicing. Looks like a clear path forward - could break downwards but everything else appears bullish - 100%+ gains
I'm a noob practising TA. Not advice! Red Lines are S/R from 2020 - these are my targets.
Extremely bullish - has broken all downtrends so far - this will be the final long term trend line and then the sky is the limit.
DYOR - I'm a noob practicing TA - not investment advice. In my opinion - this looks like one of the most promising altcoin charts vs BTC. Trading sideway for 2+ week - squeezing into this long term wedge with a long term downtrend. McGinley Dynamic also confirms this uptrend since November and staying strong. Wish I had turned on my trading bot on this pair...