The market is definitely conflicted, The 1 Hr, 4 Hr and 1 D are showing mixed signals:
1 HR: The price was rejected from the local downtrend line yet a low Stoch RSI has been enough to keep the bears from pulling the price down further.
4 HR: After being rejected from the local downtrend line, the price is continuing to trade below the ichi cloud which is acting...
EDG appears to be at the lower support line, This would be a great entry point within its 4H symmetrical triangle. RSI at the 4H candles is also bottomed out.
Right now FUN is showing a symmetrical triangle on the 1 D and 4H candles. For those wanting to find an entry point within the triangle and ride the waves you will find great entry at the purple support line. Within the triangle we see a falling wedge on the 1 hr candles which is exactly hugging the ichicliud Resistance.
For a falling wedge we know that it is a...
Looks to be a bullish pennant forming. It is trading above green ichi cloud and CMF volume indicator shows substantial buy pressure. If it breaks resistance at my circle this is confirmation it will continue to rise.
This also shows the characteristics of a bullish pennant because the volume has tapered off and the pennant pattern formed immediately after a large...
XLM 1 day candles currently show a matured symmetrical triangle pattern. on the 1 hr candles its reasonable to expect it to break out upwards from this pattern if price bounces off red ichi cloud. volume indicators show heavy buy pressure + Stoch RSI floored. Again always wait for confirmation.
Here are my thoughts on #BTC - I think BTC is still Bullish, On the 1 day candles we see a falling wedge forming and stoch RSI is bottomed out. Also, CMF is showing substantial buying pressure. I think that if the price bounces off the support line it will also shoot up. As for anything we need confirmation on that bounce but otherwise I think we will continue to...
