currently Ergo is sitting at upward trend (Blue) channel support if it breaks to the down side I will be looking at the orange downward trend support. If this blue channel hold I am looking at the possible formation of Elliot Wave in the macro view, which implies wave 2 is complete and wave 3 is forming. wave 3 confirmation once price action starts trading above...
Ergo may have just reach bottom on the 4hr chart according to my EW analysis. watch for a bounce and retest for entry. invalidated if it breaks FIB retrace 2.274. Wave 1 and 5 are the same length as well (Blue line)
Ergo is sitting between $5 (resistance) and $4(support) if it breaks lower possible bounce at the blue rising diagonal. NFA
ERGOis currently trading inside two channels. The blue ascending channel is a macro daily tf. the orange is a descending channel within the blue channel. Confluence of resistance around $6.80 -$7.25 area (heavy red horizontal). if we break this level we have the "potential" to test the $10 area. The alternative to that ERGO can continue to trade in the descending...
From my previous publication.. We had a wick down to about 1.77 USD.. in the lower time frames the green is starting to get higher than the white energy and red rsi and blue LSMA are starting to go above level 50. We have entered a race for potential reversal to sustain upward pressure. Lets see what happens. :) hope you bought the dip.. Thanks!
Looking at the 90Min, 3Hr, 6Hr 12Hr. ADA is at risk of potentially falling to the Bollinger Band Basis on the 12Hr. Downward pressure race on lower time frames. Buy the Dip if it happens. DYOR. Market is volatile not guaranteed..
From looking at the 90Min, 3Hr, 6Hr and 12Hr time frames ADA might still dip to $1.60 or close to the Bollinger Band Basis on the 12 Hr time frames. 90Min red RSI below 50, Energy higher than the green. 3Hr, Blue LSMA is below 50, has not closed yet but looks like it will and red RSI getting below 60. Similar trend following the 6Hr time frame. All this 90Min,...
Looking at ADA/USD pair. Some interesting observations to note: ADA is trading on the same previous pattern when it first reached ATH, similiar pattern has been form after the failing to break ATH after coinbase listing. (Red lines)... There is also a very ugly head and shoulder forming with the Blue neckline. Interesting that I also see a symmetrical triangle...
ADA/USD pair is trading inside a ascending triangle. Currently ADA is formed a bull pattern on the 23min or 45min. It found support around $1.16 on my 0.718 fib. upon breakout ADA will probably see $1.28 if it manages to just break the fibs at $1.22 and $1.27 which according to my fibs are acting as resistances. Trade smartly. DYOR and remember price can drop at...
New at doing analysis so excuse my wording if its wrong, but the picture speaks louder than words. VET is getting close to breaking out once again if it stays in the current trend we could see .075 here soon. if it decides to make another run like about 3 weeks ago we could see it go up to .11. Prices are not certain in crypto, anything can happen, trade smart use...
Thoughts? My first chart as I am learning indicators and analysis. :)