Possible Double top for Chainlink here in play, showing signs of reversal and catching up to the rest of the market downtrend. Held strong while breaking out of BTC pair. But imo should see some short term downside.
BTC has been choppy, are we going to bart back down again?
Failiing to break past this previous resistance zone currently, also on the HTF when zoomed out we are in a descending triagnle... feels like 2018 dumps...
If this holds and gets rejected from the LTF 50ma, expect us to continue on lower to the $1200 range for ETH Invalidation is when we move above $1350 area.
If this holds and gets rejected from the LTF 50ma, expect us to continue on lower to the $17k range for BTC Invalidation is when we move above $19,350 area.
XRP/USD Bullish Case - Bounce from this M or double top bottom. - RSI, MACD and Histogram looks to want to reverse as it is close to oversold on the LTFs (5min, 15min, 30min, 1hour) - Possible retest at 0.382 fib area which is approx. $0.4754 Bearish Case - Break down past the bottom of the M or double top pattern and we go to next support at approx $0.45 which...
XRP/USD Bullish Case - Reclaim the triangle at $0.5 - Hourly RSI, MACD and Histogram looks to want to reverse - Symmetrical Triangle generally are a continuation patter, generally 80% chance breaking upside, but since it has broken down, this is not likely Bearish Case - Broke out of Symmetrical triangle and KOBO (kiss off bugger off) touch and retest to be...
ETH/USD Bullish Case - Break out above $1,360 - Daily MACD and Histogram reversing - Symmetrical Triangle, 20% chance breaking upside Bearish Case - Heavy resistance zone currently at $1330 area which was once support - CME close of $1289 - Symmetrical triangle in a downtrend tends to be a continuation patter.Strong Support at the $45 level shown by the Volume...
BTC/USD Bullish Case - Break out above $19.4k - Daily MACD and Histogram reversing - Symmetrical Triangle, 20% chance breaking upside Bearish Case - Heavy resistance zone at $19.4k which was once support - CME close of $18.75k - Symmetrical triangle in a downtrend tends to be a continuation patter.Strong Support at the $45 level shown by the Volume Profile I...
Breaking out of the bear flag short term, target looks in play. Thoughts?
Everyone loves a good C&H but not when the chart is inverted... Expect close to 2020 lows...
Potential short term double top for CHZ as it is finding trouble breaking out of the lip of the cup for the handle, looks like a it is getting rejected in the area and could potentially come back to the bottom of the double top at the 0.382 retracement of 0.18, hopefully it holds there as strong support, if not, next area would be 0.143 which is the 0.618...
-Still has yet to break the downward resistance trend line. -H&S played out but failed to continue lower for now.
ATOM 5 wave correction of larger timeframe Double Top. Will come back to the possible neck line of the double top and if it fails it will go towards the $11.50 area. Thought?
Thoughts on this ETH chart at play, we have retraced to the 0.618 relief rally bounce, looks like we will go up first to the ~$1425 area before we come back down to form a newer low.
Picture paints a thousand words, if ATOM breaks the neck line of $13.3, down to $11.45 which is also the 0.5 fib retrace before expecting any bounce.
Possible ETH Bear Flag continuation in play, if it plays out, it will be possible to hit between ~$1100-$1200 of the massive Head and shoulders. Thoughts?
Thoughts on ATOM? Cosmos still has a Double Top and 1hr bearish divergence in play