Layer two block chain projects have recently enjoyed a major increase in value as real world business are looking to make use of the many benifits available through block chain ledger technology. As a layer two network optimism is primed to assist in actual real world use cases for crypto by providing the security offered by ethereum but allowing for extremely...
For every chart I post I get at least 3 requests for TA on HEX and as the launch of pulse chain approaches the rate of requests is only increasing. People have alot opinons on HEX and its founder Richard Heart but the chart never lie and the tape is always the true gauge of what buyers and sellers and doing with their money. I am not a promoter of HEX nor a...
Is the optimism chart trying to tell us a trend reversal is on the way? Looking at a weekly bar chart we can see last week we closed our first weekly bar BELOW the low of the highest bar in the recent uptrend. This is a classic trend reversal signal that warrants at least the setting of a stop loss at the low of the high bar and position of neutral. Does this...
Eth has been trading in a symetrical triangle for quite some time. After trending down for 2.5 weeks we have had a very nice 3 day rally that magically stopped at the same resistance line that started the down trend. If price action continues to break down regardless of the recent bullishness resistance is resistance no matter how fast we get there. With that...
Floki crypto is a relatively new meme that has gained popularity in recent months may be ready for another significant price move. Recent price action of Floki has been producing perfect curvature to the upside as it once again tests this curve it appears to be entering into a max bullish phase that may have significant upside. However, it's important to remember...
Is eth ready for its big correction? Possible head and shoulders could be forming on this top range leading to a potential entry setup for a larger move to the downside. As the trend begins to show signs of weakness we are still looking for a nice correction back to the break out range of approximately 1325-50. Thoughs on our current trading idea are welcome...
Eth seems to estabishing perfect curvature to the downside from the point of break out hopefully comming back down for uptrend accumulation. Looking for a large 16% short trend back to break out with 7% spring. Any thoughts?
ETH should be close to a Macro Bottom. Current Trade Setup ETH 12/23/22 Trade: Long to 1375 to 1450 Reverse Short to $950 Area Leading Indications For Possible Upcoming Short Trade: 50-61.8% Retrace to Last High 2 Potential AB=CD End in Area 1 Potential C Leg End With D Leg Matching Macro AB=CD Entry: Divergence on preferably 1hr+ with Stop Loss above...