12H/4H charts Link formed a symmetrical triangle on the 12H, broke out to the upside and rested the structure for a continuation. Reacted nicely into the 0.5-0.618 fib measure on the first breakout wave and tapping the daily demand zone and 12H demand from the initial move that created a Change of Character (CHoCH) in the market, meaning a change of trend...
ADA Weekly Analysis Another look at the higher timeframe (HTF) on the weekly chart. In an uptrend channel resting on the lower trend channel of liquidity. We have 3 doji candles in a strong demand zone flipped from supply off the previous high. When using candlesticks for confirmation signals, its more accurate the higher the timeframe and the signals produced...
ADA/USDT 1D/4H Charts ADA has broken out of downside resistance from the correction wave, created a bull flag bullish pattern and resting on major trend channel of liquidity. Weekly candlesticks showing 3 weekly doji indecision candles, indicating an equilibrium between buyers and sellers usually prior to a move in the direction of the trend which is up. The...
BTC/USDT Analysis 1D/4HCharts BTC looks to have broken out off all major downtrend resistance and looks good for a continuation here. Its respected the major trend line, pulled back into the golden fib level from the measured move of the first leg up from the May bottom, rejecting nicely with a long wick showing buyer interest whilst creating Elliot wave...
1D/4H Charts ONE made a new high after flipping the major daily supply into demand after having broke out of downtrend resistance. Its respecting the major trend having pulled into the golden fib level (0.5 - 0.618) and into a couple of strong daily demand zones, changing market structure, creating a break of supply and a new higher high and higher low. Looking...
LABS/USDT -12H TF Looking strong here, respecting the uptrend flipping a strong supply zone into a demand zone with strong volume coming in. Also respecting the RSI uptrend showing potential for bullish momentum to continue. The Average Sentiment Oscillator (ASO) on the bottom is a Momentum oscillator of averaged bull/bear percentages. When crossing above the...
Im no wyckoff expert but recently have been studying a great book on the methodology. Having looked at bitcoin it seems pretty close to wyckoff accumulation as ive charted up here. Note that this method requires a flexible approach and is not an exact science.
Im no wyckoff expert but recently have been studying a great book on the methodology. Having looked at bitcoin it seems pretty close to wyckoff accumulation as ive charted up here. Note that this method requires a flexible approach and is not an exact science.
Formed a pennant, this is a typical continuation pattern. As we are in a downtrend we could see a further continuation of the downtrend to support around $29,000. Buyer volume looks weak trading below resistance as highlighted. The seller waves look greater than the buyers in comparison and the price is now trading below the 21 moving average which is bearish...
Bull flag formed on the daily chart with volume coming in hard now as the price has come into the trend line. Next move up should be spectacular alongside other scaling solutions like ONE and MATIC
XRP looks pretty bullish here, Elliot wave contracting symmetrical triangle, upside to $3 is inevitable
Falling wedge above daily support volume channel. Created a double bottom on the 1H with a bullish marubozu engulfing candle starting the move up with bullish RSI divergence and buyers coming into control as shown on the ADX where the buying power is just about to flip the selling power
XRP downtrend breakout on the 1h. Come into the trend line and respecting it nicely. Above support channel and 50MA acting as dynamic support and a bullish cross on the MACD and EMAs, watching for a retest of support before the move up
Lovely breakout on IOST with a retest of that volume channel before taking off from my previous post on April 11
Watching Solomon (SLM) for a breakout of a falling wedge reversal pattern. Massive correction from 0.45 to 0.10 and we may have found a bottom on support. Bullish divergence on the MACD and RSI. Upside potential of 350% to its previous ATH and it seems to just be getting started. Early coin with low market cap. DYOR. coinmarketcap.com
4H chart - ANKR downtrend breakout with a nice retest of support around 0.1428 starting a new uptrend into an ascending triangle along an intermediate trend. Waiting for a breakout of the triangle to the upside and continuation. Momentum building on the MACD and RSI with a bullish crossover on the EMAs and trading above the 50MA
XRP with a downtrend breakout on the 1H taking the 50MA as support and retesting nicely on a high volume channel with a potential MACD bullish crossover about to occur. Could we see it continue its next leg up?
Watching IOST here, Elliot wave theory symmetrical triangle bullish continuation pattern, trading above high volume area of support, watching for a breakout