USD Index looking very bullish. Double bottom formed on the weekly and monthly. Monthly MACD cross up about to happen, last time that happened about June 2018 we jumped over 15% from 89.229 to 102.992. If we have a jump 15% from last low it would take us to about 104.457. Double bottom target is about 96.50. RSI on the monthly going up over 48 about to cross up...
Bitcoin showing some bearish signs that has me believing we have a pullback to $39K-$40K area to retest old resistance as support. Then shooting up to ATH and beyond. We broke out of triangle pattern upward on higher time frames 3 day and have yet to retest the support line even with that last drop. The support line if my pattern is correct would be that above...
COTI coming to a decision point pretty soon. If my pattern of Descending triangle is correct it will be going to either $0.30 or $0.70. The Descending Triangle is normally a bearish pattern, however I believe it has been consolidating and will break out upwards to new ATH. It is holding that bottom support very well and for quite a while now. Currently at a great...
CHZ has fallen like everything else, however is showing some very nice bullish reversal patterns. We seemed to have hopefully created a bottom and broken out of the Falling Wedge pattern it has been in since 09/21ish. Also created a very clean Head and Shoulders Pattern, if it breaks above the neckline of $0.297 and BTC behaves we could see some very nice gains....
Bitcoin Fractal from the November 2018 drop thru May 2021 ATH. Fits well with Crypto adoption expectations and current market conditions and predictions. Let me know what you think. DYOR. Not financial advise.
Over next few years with more people and institution using BTC and other Crypto Currencies as Hedges against the all mighty dollar, we may see a big pullback to the $1410-$1425 area where I believe it will range for awhile. Gold is in a very weird spot with crypto emerging. Only time will tell but I think Gold has seem it’s hay day and won’t be seeing highs again...
Crude oil just broke out of long time falling wedge pattern at around the $60.00 area as seem on chart. With inflation at 20 - 30 year highs, war looming, and talks of strikes at the refineries the target of $162.95 area could easily happen. This will cause sky high gasoline prices going into Q2/summer and continuing throughout fall/Q3, I am assuming.
BAT, like a lot of Crypto right now is looking very Bearish to me. BAT has formed an almost perfect Head and Shoulders Reversal Pattern at the top. This move would bring BAT down to $0.225 area - where it ranged for quite some time before the Big Bull run at very beginning of 2021. Shorting here could be a big gainer for you, however I am looking at this a great...
Matic forming a perfect Head and Shoulders pattern to come back down retest the $1.93 area. MACD and RSI both below the 0/50 line. Breakout price is $2.40. Stop Loss = $2.67 Take Profit = $1.93 Entering now will put your position at a lower loss if Stop Loss gets triggered however Pattern may not finish and play out. DYOR and make a plan.
VET formed a very nice Inverted Head & Shoulders to reverse this little smaller time frame down trend. I would wait for confirmed brake out of $0.1280 to decrease chance of fake out. Stop Loss can be set below right shoulder at $.11111 safely below last couple low candles. Over 2/1 gains to loss, not the best but as long as we don’t get bad news should be safe....
CTK is looking very good. It has formed a Ascending Triangle. Right about it breakout. I would wait for $2.16 for a confirmed breakout. Target is 2.72 conservatively. MACD and RSI look great. As long as the BTC.D doesn’t push this back down, this should be a very good trade.
Lemonade is looking very promising and seems to be at a great buy opportunity currently. It has formed a very nice triangle that it is coming to the break our point of one way or another. Divergence on the Histogram and a Daily MACD cross up. Looking to take profits somewhere about $165ish. Could hit ATH by end of year though.
AMC forming a very nice Symmetrical Triangle, which is a neutral pattern and could go either way. However the down target is unrealistic without some very unfortunate news. The long target is $91.68. We have a daily MACD cross up about to happen as well. Great buy in spot with small stop loss if it breaks downward. I think this will play out by EOY. After earnings...
IOST at bottom of Triangle Pattern that has held the bottom above $0.05000 since 09/07/21. Exaggerated Divergence on 8 hour chart on MACD, RSI, and Histogram. Also in smaller falling wedge pattern on smaller time frame with brake out bringing price action out of triangle pattern to $0.06100. Probably see some resistance around there. Then possibly up to $0.085 plus.
2 hr MACD cross up. Divergence on Hisotgram, RSI, and MACD. Closed and opened a new 2 hr out of pattern. 2 possible Targets
Ocean broke out of flag. 2 hr MACD cross up, divergence on the histogram, RSI looking good. Targets on chart. Everything just possibilities!
8 hour Doge chart has hardcore hidden divergence on the MACD and the RSI. It either needs to turn up fast and hard or it will probably continue to come down to $0.26 or lower. My thoughts are lower maybe even to $0.24ish to be make up for this divergence. Another possibility is that this will be the last Dip before the big run and will be a wonderful buy opportunity!
RVN finally broke out of triangle, upward! With candle close above trend line. Hopefully will keep going straight up to target on chart about $.17320