I foresee a possible reversal at around 0.00026-27 as said before. Bullish divergence seems to be building up as per the momentum oscillator. As momentum moves up and price moves down, tension builds for a pop to the upside. The W pattern would confirm a change from the downtrend off of the Head & Shoulder. If price somehow manages to dip below 0.00022, I will...
After $LUNC finally correcting itself, confirming the Head & Shoulder pattern, it's now developing decent divergences on the 4H. Oscillators are also signaling a bottom and volume depth is suggesting strong support at 0.00026-27. Healthy correction for a possible long. Limit Orders Set @ 0.0002850 0.0002661 0.0002400 Stop Loss @ 0.000195
ANC has broken out from the falling channel and now has a small hurdle to overcome. If it manages to surpass POC level of 0.32 then it is likely possible to shoot back up to retest 0.45. I'm taking 30% off my position at 0.45 then another 30% at the previous daily high of 0.65. The rest will let ride until 1.50. There is also a hidden bull divergence on the 15M...
GALA looks like it's ready to prime itself with a beautiful reverse H&S! If it can break the neckline at 0.83, it's possible to see it reach the local high of 0.91. If it fails to break the neckline POC, a tumble back to 0.79 and below is possible. Not financial advice - Just what I'm doing.
There's been a lot of speculation whether or not the cup and handle has been invalidated on the daily and bigger hour time frames. I personally think this is now going to be the completion on the weekly. Why? 1) Support is holding strong at 0.036 2) It is now in the weekly golden pocket which also adds confluence to support between 0.035-36 3) Falling channel...
After a few weeks of up and downs, AVAX looks like it's ready for a new ATH, breaking out from this daily Cup & Handle! Thoughts below, I will personally be longing. Not financial advice.
Looks like a nice cup and handle is forming for a nice pump to the upside. Setting targets for 25% @ 0.000078 / 50% @ 0.0001 / 25% @ 0.0002
As XRP follows Bitcoin before correction, I see it creating a head and shoulder pattern along with a ascending triangle which leads me to believe we might be seeing prices as low as $0.802 which coincides with the weekly Golden Pocket. XRP is currently sitting inside the daily Golden Pocket, I'm looking to short as BTC tumbles down to correct.
Since the beginning of the run at 30k, Bitcoin has been oversold and it has developed a major bearish divergence on the 1 hour. Expecting a drop.
Appears on the 15 / 20 / 30 / 45 minute charts. Seems to be forming an inverse H&S which could lead to a possible trend reversal!