mithianmee

mithianmee

Hi there, I believe what is a H&S is currently being formed on the 15 minute, 30 minute and 45 minute timeframe. To confirm the head and shoulders pattern the price must retract down to $2.315 and then proceed to break down the neckline. A confirmation below $2.315 would signify the pattern is in play. If the pattern does form and breaks down we could be looking...

mithianmee

Hi there, The price broke down from the rising wedge and has now formed what appears to be a falling wedge, if this wedge was to be confirmed and it broke out the price could be eyeing $2.52 The falling wedge broke down which appears to be a fake down, it seems to be repeating previous pattern that rocketed the price recently. 1H is currently forming a doji at...

mithianmee

Hi there, The price is forming HH and LH which is signalling upwards momentum is still intact, however, the price appeared to make an attempt on breaking out of the bullish pennant that we have seen forming which was rejected. The $2.49 sell wall is still intact, I believe that a second re-test is imminent and it could break, if not we could be looking at...

mithianmee

Hi there, I am posting an update to my current analysis, recently a falling wedge was formed on 4-H timeframe to which is broke down, this appears to be a fake down due to the lack of volume. The price then retracted and hit previously predicted target: $2.34 With the breakout in place and the price now sat at the $2.34 area I believe a double bottom has also...

mithianmee Updated 

Hi there, Just posting an update to my recent BINANCE:XRPUSDT analysis, the price has seemed to form a falling wedge on the 4-hour timeframe. I believe that we will see a bounce at around $2.00 level with the target being $2.34 - RSI seems to be just touching oversold region. As for the bullish pennant that is still currently being formed on all timeframes...

mithianmee

Hi there, This is my idea on $BTCUSDT. It appears it is forming an ascending broadening wedge on larger timeframes, in this case 1-D timeframe. That is what my analysis is based upon anyway. In my opinion I believe that BTC will continue to trade within this range until we hit 21st January; Donald Trump's Inauguration which then I believe a massive rally may...

mithianmee

Hi there, The price has formed a bullish-pennant on the 1-D timeframe as-well as what appears to be a bullish descending triangle. If it manages to breakout we could be looking at $3.8 heading into the New Years. The Stoch RSI has crossed on the 1-D timeframe and the RSI is also heading in that same direction which would then signal a golden cross which could...