It created new support which I showed with green. I expect it to see the upper channel resistance first (which is around 114)
If it breaks it with good momentum ( also with the support of the BTC) It will reach 134 and 156 respectively to form a cup.
So here are my targets:
TP1:114
TP2:134
TP3:156
We can easily see a cup and handle which is going to support uptrend of the price. 1130 looks like the end of resistence at this point. I'm really excited about current situtation.
Support is holding the price well. It has been clearly accumulated for 2 days. We are going to see a breakout
TP1: 215
TP2:235
After we reach 235 with high volume it may even explode to 290.
I'll keep watching this closely.
There is a cup which is aldready formed. Handle of it is getting ready for a big jump. With that journey to the 10.000s, the other cup, the huge one, will be ready. But for now, lets wait the results of the handle. Will it be formed again or not?
Expecting a huge attack on AION when market cap(total) is keep going up. Looks like cup and handle formation. Aion can be unstoppable if it reaches and breaks the 3730 resistance. If BTC settles at that price range for supporting alts with new money entries to BTC , that would be a great explosion.
Inverse head and shoulder was confirmed (also with a cup and handle) earlier and ADA had started its rising movement till the sudden BTC attack. That sudden movement of BTC slowed down the ADA up going. Inverse head and shoulders' target can be 3100. That means nearly %22 gain. Thats my expectation.
Bollinger band is getting narrower. Volume is still high with the sudden spike in 15 March. Broke the upper trend line in 3 April. Now It was acting like somehow support or an average line. But now It's out of that downtrend. 2760 is supporting.
It looks like going to reach 3000 if nothing goes wrong with BTC. At that point, wee have to take a look again if...
Cup is forming in the going up trend. It's going to reach 480 soon. (But the thick line on the way 480 can act like a good resistance. Keep an eye on it. ) After 480 a handle may appear with a slight price drop. Looks like everything is going fine for POE! Please put your comments here. I'm a TA noob and every help is appreciated. Thanks!
First of all I have to say that I'm a noob of TA, trying to learn it. But the thing that I'm seeing on the chart is "Inverse head and shoulders" We have to wait and see if it is going to complete the formation. Please comment your idea. Thanks!
