Bull flag in the trading sense of the word... I could see a retest of the ATH...Pretty sure the shareholders can too. Bull flag within the ascending broadening wedge pattern may visit around the $55.00 region first. Look at how fast this ones moved though. No surprises eh. Personally not trading this instrument.
BTC closed on the 5th of May with an engulfing candle. Bitcoin won that day, but only just. Also price action currently remains within a larger ascending channel, two touches to the top so far and two touches to the bottom. A third touch of either may well be the break this time. Price action is still trying to move to the upside, for me, the bulls have it at the...
REN Protocol. I hold this coin, it's fundamentally extremely good, I have no doubt this coin will do extremely well. Check out a very good recent piece on REN by 'Selcuk Aslantas' on Medium. To me, the chart looks good. A break out of the recent downtrend looks underway. Price has broken through the descending dashed line and is now approaching the 180EMA. If...
Kusama looks nice here for a potential long. But, although breaking out and looking good on the 1 hour the safest long trade would be taken after price closes above the 0.00758657 level. All subject to the Big Boss....Bitcoin! I HODL Kusama and look for best entries to trade with a small account. It's all about risk, reward, patience and account management.
Line chart of BTC. Here we have a nice example of a bearish pennant. But, these do break to the upside as well. I think this one will! Partly because BTC.D (Dominace) is about to touch strong support. A little 'Bart Simpson' pattern may emerge to climb above the 180 EMA to around $60500 USD. But, this is where we may see a rejection as price at this level will be...
Updating my view of Silver. It's looking long to me! I particularly like the small bull-flag on the current ascending trend line - this within a bigger descending channel which I have detailed. After a recent double fake out of the legacy (ascending) trend line price has returned Silver back within a bigger ascending triangle structure. If price action can break...
Bitcoin dominance. Approaching support ( green horizontal line ) and may, if support reached start to correct from the downwards impulse. Dominance had hitherto been in a neat, well defined bullish ascending channel. The orange circle on a similar move is an example of the type of correction we may see soon. Retrace target is the dashed line. If Bitcoin...
Polkadot! $DOT. Looking at the chart and would like to see price action break through the blue trend line of the pennant and hold. If it can do this I think $50.00 on the cards....A major psychological level. I have used the Fibonacci extension tool to determine the targets which are seen to the right of the chart. I am mindful of the potential downside and will...
Looking good! Great areas to choose the stops if you decide to long this. Using Fibonacci extension to see what price I might expect should this trade go to plan. Support looks strong and decent hammer candle forming on the daily against ascending trend line & support. Fundamentals look rather fetching with OCEAN Protocol Buying & Selling DATA live using DEX...
Update...We had some nice upwards momentum recently but we have retraced. We now have a perfect confluence of re - tests to support, trend line & breakout. Providing the ascending trend line holds and we get above the 180EMA then ATOM is again looking very good. However, if it should break the trend line then the Fibonacci retracement levels & the levels of...
ATOM/BTC. Looking very bullish. With this chart I am using some moving averages in combination with my usual channels, patterns, support and candlesticks. The confluence of the moving averages helps confirm what looks already to be a very bullish looking setup. Combined with an ascending channel that re-established itself after faking out & undeniably good...
I might grab the teapot and pour a cuppa tea. We have a cup and handle forming nicely. $BAND is looking good. Developed and confirmed an ascending trend line and looking to reach for an all time high. I want to see it close above $15.00 though before I take a trade. I HODL BAND. But I do trade a small position on Binance too. I think BAND looks good and using...
Just a quick update. We got the retest of the trend line! Silver went slightly beyond my target price and has formed a Dragonfly/Hammer Doji. I'm no longer in the short trade. Look to see how often on the daily the long tailed Doji candles play out to the upside. Price action candle types helping us anticipate changes. I'm still short inclined and I will wait to...
A good & neat example of a bear flag here on the 4 hourly, I think this may play out further to the downside. My target is around $24:50 which will conveniently & neatly confirm the dotted trend line shown as a future potential in my previously published daily chart. My immediate sentiment is short but I am aware this is still all within a bigger potential...
Ocean/USDT 1H. I like stacking a few Ocean on the dips. Superb project. Looking at the 1 hour chart: I see a very good triple bottom that has offered support multiple times, far left is a 4th touch and within the rectangle is a good support zone. Buyers are not letting OCEAN dip beyond here 78 -80cents. All this and price action is within a larger ascending...
Line Chart. Looks like a falling wedge developing here. I also like that small ascending channel within, for me this adds weight to a possible bullish upturn from this correction sooner rather than later. However the support zone seen within the rectangle to the left of the chart is not particularly convincing. But it is still support. We are in a bullish market,...
Price moved out the channel I drew yesterday and started to look more bullish but has since developed into what looks to me to be a bearish rising wedge pattern - almost an ascending triangle but once I drew wick to wick I felt the pattern was closer to the wedge than the ascending triangle. Now price is looking to test a solid area of support. If this yields we...
Zooming into the 1 hour chart. If trend line 'A' isn't taken out with a nice impulse candle asap I believe this could be the start of a descending triangle pattern. This may further develope into a descending channel which I have picked out with white trend lines. I believe 40K is very much on the cards. I have called this short. I'm happy to commit until I see...