Rising megaphone, or inverted triangle, with two support lines underneath. h-1 its height of first touch and possible target height once the megaphone is broken, and h-2 is height of widest part of megaphone which acts as a 2nd target for breakout. These areas happen to coincide with the 1.618 fib line which acts as a target from the previous peak, touched...
In this case I'm going to consider this pattern to be bullish, since downside potential is limited and there has been an extended period of consolidation. PIVXBTC has been rather resilient, in terms of USD. If PIVX can break out of the triangle, upside potential could match the length of the first touch, marked as a red line inside the triangle and copied to the...
It looks like MCOBTC will have several levels of support from here before we reach the danger zone. We have the 38.2 and 50 Fibonacci lines with a level between, around .0035BTC, that has shown previous resistance and support capabilities. The long-term trend shows positive movement, which should provide the most support, if needed. If we cross this long-term...
Ascending triangle on OMGBTC showing signs of a breakout in the near-term. Using distance of first touch on top resistance and ascending support line, it appears the breakout will be in the .003BTC range. We'll see how it plays out...
New to this site, constructive criticism welcome. Not an expert by any means. It appears the Elliott Wave correction has finished at point (C), as to what happens next I am not sure. If you look at the original trend line and the neckline of the H&S, it appears to create a parallel channel and that's where we are now. Point (C) seems to have found support at...
