Because of the triple top pattern in the 1 hour chart, there can be one reversal and a possible retracement back to 0.19$.
Goodday everybody, We can see that there is a symmetrical triangle in the price movement of ADA. Besides that there is a Rising Wedge in the RSI, which indicates that there is going to be a reversal pattern. Also the Volume is decreasing in the last month, Which means there is going to be an explosion. Besides all of that Bitcoin recently got an ATH and looking...
Can somebody confirm if this is indeed a Cup and Handle chart Pattern and if this is indeed a good potential long, it would be very much appreciated!
Hi guys, as you can see the reversed head and shoulders pattern is detected on the 4h btc chart. The target is at the resistance around 50.5k. Hopefully we break through in one go but there is still a possibility that we get rejected. So if you step in now at 48.8k and sell at 50.4k you still have a nice 3.2%. It isn't much, as I detected it at the end of the...
As it can be seen that there is a detection of an inverted head and shoulders, which is bullish. This also means that the MACD has to bounce in the next 4/8 hours or so, to stay bullish. The RSI isn't overbought or oversold so nothing can be determined out of that as there also isn't a bullish or bearish trend line. Still, I think this can have a pretty good long...
I am very new to this, But is this a good analysis?