10-week H&S bottom reversal on IOTA/BTC. Red line = measured target
VeChain just closed above the previous recent high, confirming a 9-week double bottom as a possible long-term trend reversal. We could see VET reaching and testing the next strong resistance in a few months.
IN case you see bullish price action in purple zone and breakout of this small trend line .. BUY
Daily commentary on Bitcoin and other markets' action. Leave a comment if you're seeing something different or if you'd like me to take a look at anything in particular. Thanks!
The following breakout alert is from my Premium Stock Alerts Service with Macro-Ops.com. Here's the trade: 3% Breakout: $5.26 1.50% Breakout: $5.20 Price Target: $6.32 Stop-Loss at Minor Low: $4.66 Reward/Risk: 2.07 Thanks, Brandon
This is truly one for the books! Over my years trading crypto, I have never come across something that follows TA so beautifully. I've pinpointed all the classical chart patterns, along with pattern reversals, double bottoms, bullish and bearish divergence, supports and so on... Try saying technical analysis doesn't exist after seeing this. Hey everyone, if...
We're looking towards a possible double bottom of 15-week duration that would ONLY be confirmed after a breakout above 0.0024700. Contrary to what many think, double tops and bottoms take time to develop, specially on long term charts (Daily, Weekly, Monthly), but a confirmation of this classical pattern is very reliable and could bring a lots of joy. A break...
Up down middle...who cares - I trade with confirmations and dollar cost averaging. Please note that I am not your financial advisor and this is only my opinion on the current market patterns
1. Both 100 & 200 Day moving averages still trending down with supply overpowering demand at the end of the week at the 100 Day moving average indicating the trend is still long term bearish with a nice tweezer top. 2. Price closed on Friday below the up trend line of the last 2 weeks indicating a bearish reversal of the minimal trend. Trend line retest entry at...
Big inverse head and shoulders on one of GBP's most volatile pairs at a potentially VERY volatile time (Brexit). Lots of risk. If the right shoulder breaks the neck line the target is around 1.99
I am short ETH from $158. Target is $132.
All eyes are currently on the potential inverse H&S that might be forming its right shoulder on this pullback, and if completed it could take the price to around 5300-5400 area which is the projected target of the pattern. As we've all noticed, when everyone expects something due to it being obvious on the chart, BTC tends to do the opposite, so don't put too...
The price has been making higher lows inside a consolidation (trading range) for a few days now. Major trend in BTC is still down, but we do have a local uptrend since 6100. These types of consolidations inside a local uptrend are more likely to break out to the upside. The higher lows inside a range are a sign of accumulation (supply drying up, demand increasing...
Consolidation pattern forming on Uhaul, could go long or short. Wait for break to buy with volume increase. Pattern subject to morph.
Descending right triangle is still in play. Recent Rising wedge gives increased odds that BTC will get rejected at 7,500/yellow trendline and retest 6k or go down lower.
Whenever you see a large sell-off and the price dropping without any meaningful retracements or relief rallies in between the drops, you can be almost certain there will be a sharp and fast move to the upside sooner or later. The price has been moving in a falling wedge for a few days now. A falling wedge is a bullish reversal pattern and indicates exhaustion of...
APH forming a Inverse head and Shoulder pattern to continue the bullish trend of Canadian MJ sector.
#ZIL has respected classical charting patterns very nicely. Right now we see ZIL falling below an ascending line and is looking to find support. We have 3 minor supports drawn and 1 major. I doubt we fall below the second support but if we do I am prepared. Wait for a breakout of this downtrend line.