GondolaCharts

GondolaCharts

While the daily chart remains neutral, on lower timeframes the sentiment is Bearish. Here we can spot a couple of signals that give credence to this bias: - The formation and execution of a Running Triangle (white ABCDE Triangle Wave). - Bearish hidden divergence on the RSI and MACD (yellow lines). - The EMA 10 (baby blue) and MA 20 (yellow) crossing the MA 50...

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The chart should be self explanatory, but here's the rundown: Should the current bullish pressure continue, 5th Impulse Wave (blue) has to clear the 3180$ Resistance. Failing to do so would cause the price to be rangebound below 3K and above the pivot (Purple). Further rejection at the pivot will plunge the price towards 1643$. Worst case scenario: Blue...

GondolaCharts

The Bears reached the exhaustion point on the 25th of April, as indicated by the reversal on the MACD and the RSI moving out of the Oversold region. Currently, on the daily chart, we can clearly make out a Symmetrical Triangle. Trading on this formation is done by measuring the distance between the high and low, and placing it on the breakout/breakdown of the...

GondolaCharts

ALGO has been caught in a range for a while now. Looking at the chart we can clearly see an aggressive reply by the Bulls, defending the 0.9$ price point and pushing the price to the 61.8% Fib level. On the 1D chart, as far as technicals go: - The RSI is sitting closer to 50 (NEUTRAL/HOLD). - While the MACD has yet to cross above the Signal line. That being...

GondolaCharts Updated 

In short: - We're trading inside an Ascending Channel. - Breaking down from it might send us towards the purple box. - Bottom of the purple box is the MA100 and it has held since October of 2020. - Keep an eye out for the hidden divergence on the MACD.

GondolaCharts

We reached a new peak after breaking out from a Falling Wedge. After it we managed to consolidate nicely between the 50 and 60 percent Fib level of the pole, which sparked the move 7.45$. From the looks of the candlesticks from midnight of the 16th of April to today (17th of April at midnight), the bulls are still in control and buying every retracement. The RSI...

GondolaCharts

At the moment we're bracing for a correction. As of this writing the price is at the "Breach or Bounce" level on the MA20. A bounce would increase the angle/rate of descent, which in turn would create time for "Favorable News" to come up. But that's pure Hopium and way past TA, and going to the "Tea Leaves Reading" territory.

GondolaCharts

Candles don't just go up. In order to reach the 70K (or 100K if you're laser eyed), before the end of the year, we must go through the motions. Corrective motions, that is. Please check the balloons for more information. And no, I don't think we've topped. Pi cycle lines are a meme.

GondolaCharts

Supports set on the 38.2% and 50% Fib levels. Currently on the upswing to the current ATH. Momentum might be carried by the sheer amount of news coming out. Can't wait for the Smart Contracts FUD to get squashed once and for all (might ignite a rally to the last point on the chart, who knows).

GondolaCharts Updated 

Fear not the retracement. Holding above the 38.2% level (ideally at 14.1$) then the pattern still stands. The 17$-ish target might be a bit conservative to some but if you want to (T1 - 18$) and (T2 - 22.5$), you do you.