ETC has clearly broken out and is now forming a bullish price pattern of HHS and HLs. With BTC making a pullback to 58k I definitely see room for ETC to make some good progress within these next 2-3 days.
1. Sell at resistance. 2. Buy back on the breakout. 3. Sell into strength 4. Buy on the pullback
A risky long for the breakout of the consolidation triangle but the volume seems to still be there for some potential growth at least while BTC bounces from 55-58k. IMO the best line of action is for a tight trailing stop of the 10EMA on the 15m timeframe. Risks: 1. Highly priced 2. Buy volume may potentially decrease 3. A violent dump may occur at any...
A double bottom and pullback from the ascending wedge breakdown is forming. 1. Target is 58750 2. A possible short at around 58800 is in play if confirmation shows.
DOGe has broken out of its triangle pattern fairly quickly. Targeting previous highs but it may very easily DOGE has broken out of its triangle consolidation pattern and target is previous resistance. But it may break past ATH as it’s creating a double bottom above the 50EMA.
Unlike the entire crypto space, doge is consolidating and isn't dumping. It will have to breakout within the next day. Some possible scenarios: 1. Breaks out with low volume and heads sidways 2. Breaks out with high volume and meets past resistance. 3. Breaks down and corrects In my opinion, 2. is the most likely scenario. Buyers are holding the price at key...
BTC broke out of a large wedge pattern is will most likely retest resistance.
TSLA is forming an inverse head and shoulders within a consolidation triangle with major long term support as it's base. It will have to either break up from the neckline/trendline resistance or below the major trendline. I am biased towards the upside due to the longterm trend. The arrows are potential next moves.
GME has formed an inverse head and shoulders pattern and the neckline is currently acting as resistance. If it breaks above then the target is the nearby resistance. Then short there and target the neckline and then long from there and target near the ATHs and hold for a potential break to ATHs.
1. First short is on the pull back of the break of the head and shoulders and target is the completion of the ABCD pattern. 2. Long at the fresh demand zone where the ABCD pattern completes target is a the larger time frame inverse head and shoulders area.