Silvertoe

Silvertoe Updated 

Looks like we are retesting the 0.618 Fib level of the upward impulse wave, which is text book, a good time to reload at that level, as for the short/medium term we are in a bull trend.

Silvertoe Updated 

Its important to study what happened so we know what to look for in the future and we know where we are at now. You can see a near textbook Inverted H&S pattern with some slightly off characteristics but nothing is ever perfect. This at least tells us that we are at the beginning of a new cycle and we should be looking at coming price movements that have followed...

Silvertoe Updated 

Cardano, ADA has a ton of room to grow and i think we are starting a new cycle in the market. The blue lines ill post a pic of, but basically they are the range of the triangle of all of cardano's price history. The grey lines are just trendlines and levels of importance. I think we are just seeing the beginning of this coin.

Silvertoe

Trying to establish a long term trend line but not enough data on the day chart for anything definitive. Just starting a chart to build on.

Silvertoe Updated 

Think we'll see a nice break up out of the triangle we have forming after a strong rejection twice off the bottom trendline.

Silvertoe Updated 

I like triangles. I think they are a simple tool that shows support/resistances and active trend. On that not i think we get an entry on the date range marked and another break upward if the bull run is to continue with the same momentum or more.

Silvertoe Updated 

Looks like we will see a break upward at the 60 bar mark not 100% id give a 10 bar cushion. Think we will see a strong push back up to 6500-6700 range depending. Id be entering right now and setting stop losses at 6290 and target of 6500 take 50% profit and hold to see if it reaches 66/6700 and sell 25% and re-evaluate.

Silvertoe Updated 

I think we are seeing the start of an ascending triangle that will have a breakout upwards. Notice the doji candle that formed right after the wick up to test the dynamic trendline. The black dashed lines are just guesses we will need another push up and back down to truly get an idea of how the triangle looks.

Silvertoe Updated 

The 1D chart for EOS says to me that we will probably get another wave down before its fully reversed. but most like will see upside in the short term. Very good long term outlook for EOS though.

Silvertoe Updated 

So to me this chart is a clear example of price manipulation. It looks like BTC reversed from bearish to bullish across most market participants June 24th. Price has been making a slow wedge up except for the 29th when CME futures contracts expired. It was a perfect push down for the close of the trading day to close out short contracts that opened back in...

Silvertoe Updated 

Had a very strong move up to test upper trendline resistance on the day chart could see this short term breakout turn into a long rally. Highlighted some price targets. This of course hinges on bitcoin reversing, which i think we see the low for the year set sometime tomorrow as its the last trade date of cme futures that started trading in december. With altcoins...

Silvertoe

Long position bullish rally seems strong and ready to continue

Silvertoe Updated 

Think ADA will benefit a lot from any upside BTC sees and may be a shelter for any pullbacks, along with ETH eventually i imagine. Xrp Another one worth a look.

Silvertoe Updated 

Using the martin trendline indicator set to 7, which historically has given good entry and exit points, it looks like we will see a lot of bullish movement over the next days and possibly weeks, but a wave back down is still possible in the short-medium term which i will now call medium rare term :). Looking at the lower timeframes confirm this very strongly.

Silvertoe Updated 

A long stnading trendline is about being tested, no clue if its gonna hold or break, but i think going long is still a safe bet just keep stop losses tight.

Silvertoe Updated 

You can see on the 1hr chart that there is a flag and pennant forming, and based on the martin trendline indicator it's been validated as bullish throughout the formation so i think we will see another spike up of a similar amount or magnitude, ~$300 like the previous jump from 64 to now at 67. You can also see on the volume oscillators spikes supporting the...

Silvertoe Updated 

Based on the triangle's forming and local support areas, and the martin trendline indicator on the 4hr timeframe we are still bullish But will need to post chart screenshots to explain further. TLDR; Looks like we're going to 68/6900 quickily.

Silvertoe

2HR chart seems to show a breakout coming in a range that has been set for a while. Forming a pretty significant up trend to retest the upper parallel but also has the possibly to shoot back to test the lower parallel. We will see.