Long story short : price discovery mode, no resistance, previous ATH lvl selloff, bounce of 0.38. T1 0.62 T2 0.67 within next 36H
minor resistance at 0.553 highway to 0.665 next target is 0.778 Nice bull flag with accumulation before distribution
75K by the end of march 75k Shakeout > 50k Rally 50k > 110k by the end of june
Nice symmetrical triangle formed with a broadening wedge inside. The V shape target gives approximately 53.5K while the broadening wedge target shows a 53.9K Happy new ATH soon ? Which will also invalidate the crab pattern that formed.
2 very nice patterns : showing a decisive point. A Gartley with targets at 0.55 and 0.45 and A bull flag with a target for the pole at exactly 161.8 Fibonacci level For the bullish scenario, it has som important resistances to break tho with a bounce on 78.6%. Going for a retest ? Interestingly, a strong sign would be a nice coup and handle pattern to form, which...
Potential cup and handle on daily that would confirm a symmetrical triangle breakout Please see my 1H chart
I know everyone is very optimistic and make predictions to 50K+ etc but unfortunately, bearish scenarios need to be projected and anticipated to get ready if they occur (doesn't mean they will, but being prepared is the best way to avoid losing money). That being said : Nice AB-CD pattern formed. If price goes below 7 days MA, we could see, not only a...
Nice patterns with 3 different targets : 0.259 0.30 0.359
Big triangle breakout has a potential target of 44K A nice bull pennant has formed with a target of 44K for the pole
Quick update on facts 4H candle to close on a doji (reversal sign) 4H SHS pattern STILL not invalidated (right shoulder needs to go ABOVE head, A on the chart) We are forming another ascending wedge (like previous to on this chart), the pullback on ascending wedges is the beginning of the channel which would lead to approx 32.2K So from now (after hitting...
ETH is forming an ascending channel with a divergence in volume and on RSI. Resistance touched 3 times (triple top) as well.
Price needs to break 2 major resistances: 35K and 37.7K If it does, new ATH could be around 43K
Very nice cup and handle pattern forming for BTC. If breakout confirmed, could be a nice long trade
Price is reproducing the same pattern as previous week following the ATH. If it completes the pattern, it could lead to 28K which will form a new Lower Low and definitively confirm the bearish trend and bull run end.
A new optimistic scenario which would continue the bullish trend. As always: 1. Breakout 2. Confirmation + volume support 3. Enter position with proper risk management Disclaimer: Simple scenario, not a financial advise of any kind
The opposite scenario for the triangle breakout linked. A breakdown could potentially lead to the Fibo golden pocket.
If price breaks above the triangle and confirms the breakout, there is a potential long position with target approx @40k. So far, price has been rejected after testing the 23.6% Fibo to almost bounce on triangle support line. Let see how it unfolds. I'll publish a Short scenario as well (the opposite)
If 39.7K resistance is broken and breakout confirmed + volume support then target is potentially 44K