I think we might have confirmed the bottom as a double bottom Divergence on macd since before the low, Divergence on RSI, marking double bottom and divergence on smaller time frame since before the second low Both of which show levels of a bouble bottom Volume average has declined since first low Chaikin money flow has become positive on H1 while making the...
That triangle is coming to an end, doesn't mean ETHUSD will go up, in fact ETHBTC has been going up more often after the rally than during. But this chart has been the reason why i've stayed bullish on alts since feb'
Here is the pattern : 1) PA mark a first bottom 2) reaction high - lower than previous swing high 3) rejection below first bottom (fakey ?) 4) second reaction high - below the first 5) third bottom - at same level as the first 6) last reaction high So we can draw, a declining resistance -in red An horizontal support -in blue And a rising TL in black In first...
A work on rejection and retest
If red support break looking at S2 to the downside If price can reach and sustain above P then R5 could even be an option
PA reversed from convergence line of resistance Potentially forming an inverted HnS Went back down to previous monthly pivot (on this chart you can only see the weekly) At the moment the blue rectangle is were most of my targets converge That would work well for a reversal toward my upside targets mentioned in previous idea If PA doesn't reverse there The next...
We are still dealing with an unconfirmed inverted HnS Despite fake breakout of neckline it's still a decent pattern If it fails again, target to the downside are in blue Targets in red if it succeed PA bounced off iota historical rising TL We've had correction to fib 0.236 which is typical of a wave 2 Despite reversal the mood hasn't turned bullish yet,...
Ada/usdt has reached the first target from double top There is on more target to the downside which I highlighted as a reversal zone in blue On the upside, first target at 0.23, next one would be back to the monthly pivot/fib 0.618 There is currently a lot of convergence of support/ resistance, TL, channels, fib and pivot on ADA, which makes it an interesting...
There is a rebound at the convergence other major TL in bold black and the minor TL in dots This level is also monthly S1 and fib 0.236 And the right shoulder of an inverted HNS If PA rise above the pivot within the TF of the blue triangle highlighted area PA will reverse Targets are within fib 2.6, R5 and my blue target line Extension to fib 4.236 is possible,...
After wave i and wave ii were through a baseline for wave iii was marked with the dotted TL PA never broke through it, this could signal we are forming a corrective wave and not an impulse But instead we had a larger LD Very similar to the one of subwave I Since target of following wave ii was fib 0.5 We could expect a reversal here The key element why I am...
When PA broke through the red resistance with significant volume, it seemed obvious the HNS target would be met. The neckline was even confirmed as support on a first attempt to break below. But the leading diagonal was getting to close to the apex to reach that target... Right now I see a similar pattern, with an almost perfect head and shoulder top. But It's...
wave 2 was a W bottom, target reach with wave i the orange neckline of an inverted H&S was broken, chaikin money flow stayed positive and confirm the break the break above both pattern was marked with volume spike, highlighted in the circle The peak of the W bottom and this neckline, both orange line are a buy zone Which intersect with the support TL of wave 1 A...
CMF 0.16% . divergence at bottom, sign of long term reversal Wave v of 1 was an ED Which has corrected to target at fib 0.5 Need CMF 0.16% . and OBV to stay positive until retest or red line resistance Need to see volume at that point also If PA fail to break above, watch for a quick retest of bottom of channel If that black TL breaks, next support and end of wave...