We have 3 Rising Valleys on Blackberry and has room to go to $7.5 if it plays out.
The MACD crossed Bullish and the RSI bounced from the 50 line during the last Valley.
We have 3 Rssing Valleys at the PCZ of a Bullish Deep Gartley on LUNA2 ona significant Timeframe. If LUNA2 can start to make it back up towards to confirmation line above we could then see some accelerated movement to the upside. As of right now LUNA2 sits at the 88.6% Retrace from the last valleys low to the last peak's high so this would be a nice chance to...
Have been going over a few things and here are my observations.
1. Three rising valleys usually occur during previous uptrends, however this isn't always the case.
2. Valleys appear in their last phase and have formed a rounding bottom which could create a inverted scallop (usually a very bullish sign)
3. 24,000 area has shown itself as consistent resistance...
From the looks of it we should have a clear run up to around $1.30 if this Hidden Bullish Divergence plays out and gives us our 3rd confirmed Higher Valley.
It's coming off of being heavily oversold and is now crossing above the 50 line on the RSI as well as breaking above the 800 day EMA. This could be the start of a 786-886 retracement to the upside.
THREE RISING VALLEY FORMATION.
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RSI is sitting at the 50 line while the price is sitting near the support line of the ascending triangle/three rising valleys this may lead to new ATHs.
Following breakout of the three rising valleys (3RV) pattern on 10th February, the target price is now $0.69 with a volatility stop loss of $0.30.
Potential gains of 73%.
Best of luck with your trading and thanks for checking this forecast out.
The three rising valleys pattern has been detected on the BTC/USD pair, with confirmed breakout on the 8th February.
This pattern gives a target of 61% above the top of the last valley, or $67,542 USD.
The volatility stop should be set at $31,443.
Best of luck everyone.
