blbenne0

blbenne0

Inverse head and shoulders pattern over the entirety of April. Resistance line has been broken with a sign of strength. Target is previous local highs at $46.5, where I expect possible range-bound action before another eventual breakout. ***Not financial advice, DYOR.***

blbenne0 Updated 

We see a bullish megaphone happening on the 4h chart with a breakout out of the ABCDE correction. Bollinger bands are stretched, so this means a cool-down of price movement is likely until the bands constrict. Usually, the price falls to around the mid-point (the dotted yellow lines) of the b-bands. The yellow line also coincidentally also lines up with the...

blbenne0

Constricting Bollinger bands usually mean a big move is imminent. On the daily, we see constricted Bollinger bands whenever a big move happens. Given current market conditions, an upside move is likely, otherwise we would continue seeing chop. Not financial advice, dyor.

blbenne0

Breakout and retest of ascending triangle happening with a sign of strength at the breakout. Retest happening. Would not be surprised to see price hit the local high a few times before smashing to the resistance @23.60 as target one. Disclaimer: Not financial advice, dyor.

blbenne0

Price action has bounced off S1 four times, while bouncing off S2 two times. We can see S1 and S2 are the supports in this picture. Highs have been increasing, while supports are horizontal. This indicates a bullish megaphone. My prediction is a breakout of the pattern in step E to resistance at 52k and bouncing off the top of the megaphone until we hit 60k. ...

blbenne0

Bull flag formation with sideways consolidation after a massive run. Looks like Elliot Wave has finished and a breakout looks primed. *Not financial advice, trade at your own risk.

blbenne0

Bull Flag or Falling Wedge? Looks like the final step of the ABCDE correction has yet to happen. I expect a bounce off support and then off to our targets. *Not financial advice, trade at your own risk.

blbenne0 Updated 

Hate to break the news but it's pretty simple. Every single MACD death cross has been met with a bear cycle of downward pressure lasting approx 5 months. Lots of external negative news to push pressure down. Target should be $20k which is high of last bull cycle.

blbenne0 Updated 

Previous drop in 2021 was bigger than this one. Range still remains within channel. If pattern follows, ~$75k in May. Not financial advice, DYOR.

blbenne0

$50k represents a strong long term resistance area where obvious profit taking should occur toward $45k. $45k is an extremely critical area. A break below $45k would lead to $30k and confirm a bear market. A break back up would lead back to ATH resistance as target.

blbenne0

Breakout of the descending wedge after C and then a re-test at E. Bounce showing off lower teal line at E and Bollinger Bands are contracting, which usually means volatility is imminent (as you can determine by looking at the chart when bollinger bands contract. RSI is on the rise and support has been retested. Strong probability of bullish movement. Not...

blbenne0 Updated 

Graph showing big descending wedge pattern. Possibility of dipping a bit further into the 0.000437 territory but I would say that would be absolute bottom according to trends. Very low RSI indicating reversal imminent within the next few days. Not financial advice.

blbenne0

target approx $75 as it is basically the same size multiple from the last drop before the pump (the pole). not financial advice

blbenne0

Inverse H & S from my previous prediction was fulfilled with the $0.20 target being met. Now a period of consolidation begins before the next move up. I would expect price action to bounce off the yellow middle line for a while with red b-bands contracting for the next move. I expect the price to hit the $0.20 mark and eventually break past to new ATH given the...

blbenne0

Inverse H & S pattern showing. Daily candles also look like they're inching toward the red lower Bollinger Band, indicating strong potential for a bounce. I believe we still need the right shoulder to connect with the left shoulder of the pattern at approx $0.09~ for the bounce to occur. The target for this pattern would be just below $0.20 where last...

blbenne0 Updated 

A-B-C-D-E correction showing. Would expect a bit more of a dip based on this pattern, then a bounce out of the top trendline. Had shown an inverse H & S pattern between B and C steps, as mentioned in my previous analysis, but a sharp rejection occurred at ATH resistances @ D down into the current megaphone. Not financial advice.

blbenne0

Looks like an inverse H & S forming within bull flag. A break upward out of resistances would be the height of the bull flag, which makes our target ~0.37. Not financial advice.

blbenne0

Just an idea - breakout out of short term ascending triangle to hit top of descending wedge. Breakout of descending wedge leads to ATH Resistance being tested.