This could be a massive, massive 5 impulse Elliott Wave pattern.
Price action moves violently away from 30k. I'll post more thoughts on this later. Just putting the idea out there for now.
This structure looks like a cup and handle to me. I've indicated a key level of support and resistance with the blue lines. Here are some tips for identifying a Cup & Handle pattern: Cup Formation: The pattern starts with a rounded bottom (the "cup") that resembles a "U" shape on the stock chart. The left side of the cup shows a downtrend...
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I've identified what I think are key support/resistance levels for Etsy. Should supports break, I've indicated where prices could go next/lower.
As a NEAR holder I hope this doesn't play out, but I've charted what I consider to be a "worst case scenario" and I'll ask myself, if this happened, how would I play it? NEAR is a simple, scalable, and secure blockchain platform designed to provide the best possible experience for developers and users, which is necessary to bridge the gap to mainstream adoption...
Do I see a triangle continuation pattern forming? (in red) I say speculative view in the title of this Idea because none of the patterns I think I see have completed yet. As a trader, you have a higher probability of trading after validation/confirmation of patterns rather than anticipating their completion. But it's fun to speculate sometimes : ) We could...
Could this be ETH's price channel? If so, we could see prices over 10k this year, and even more unimaginable prices into 2025.
Calculated based on percentage moves on previous price action.
ETH has been wicking into the $13-15 range repeatedly. It's knocking on the door, and I feel like it's just a matter of time before that door opens, support is lost, and the price tanks. I'm not entirely sure where the next level of support is however. I will keep an eye on this one and update as things materialize.
I'm skeptical, but this could be a Bear Flag forming... The bull flag pattern is a continuation pattern that facilitates an extension of an uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend.
Could this be a continuation / triangle pattern? I drew this chart in regular view, as opposed to log, and I can see what might be a triangle pattern forming, based off of the "dot com" boom of the early two thousands, and where VRSN seems to be sitting at resistance. Should price action keep testing that level around 218, I could see prices break out, retest...
Quite the long-shot macro idea here. Looks like a H&S; is forming - if so, short from the right shoulder, DCA'ing into the position. Exit near the bottom of the triangle. After the price breaks out from the triangle, there could be fireworks to the upside, after a test and retrace. This is entertainment for me, this is not a serious post. DYOR.
Adam & Eve is a double bottom pattern. I think I see one here, but I don't have a lot of experience 1) catching these or 2) trading on them. I'm posting this less of a long call, but as an exercise to see how price action reacts at these levels. Sometimes price will confirm the double bottom then waffle up and down, forming a handle. When price breaks out of this...
keeping an eye on PLL's price action, resistance levels, and price imbalances
Price action will soon be testing a level of resistance. Of the many possible outcomes, price action could break out of this channel and proceed higher to complete the bull flag, or PA could return back to the lower end of this channel, which could give us something like a huge multi-year inverse head & shoulders pattern. Which would also be bullish, but not...
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