deivid2555

deivid2555

After a good rise and a good correction, XRP has formed a double bottom. Everything depends on BTC. We can't forget this fact. BTC looking really bearish so don't jump on this trend so early. I would recommend entering this trade after a breakout above the neckline. If the retest of the FIB 0.5 holds then I will long. DYOR ( White lines - Past support and...

deivid2555

A classic symmetrical triangle pattern has formed. Expecting a breakout after a test on past support. We could see resistance around the FIB 0.382 level and 0.5 level. If a clean break of those levels accrues then we will touch the FIB 0.618 level Invalidation if we break the trend line and touch the FIB 0.236. DYOR ( Orange lines - Fib levels; White lines -...

deivid2555

If the trend breaks, we could see blood. A bounce on the EMA is possible. And then a breakdown. Pretty simple. No moon boy predictions. Would recommend tight stop-loss if you are trading. Invalidation if the trend doesn't break.

deivid2555

After a good run ATOM is consolidating/falling and can bounce. Everything depends on BTC. Predicting a rejection on the FIB 0.5 level and a bounce on the FIB 0.382 level. Invalidation if the wedge breaks down. And if the 0.382 level doesn't hold. Both scenarios will signal a drop to the FIB 0.236 level. Invalidation if the trend breaks up. A clean break above the...

deivid2555

After a 40% rise, ALICE will consolidate before another jump to the current high. If a clean break occurs, rejoin after the first pullback. Invalidation if BTC continues the downtrend. And if we break the current support. DOYR Have a nice day.

deivid2555

After a good rise and a new ATH I think that SOL will consolidate between FIB 1 and FIB 0.786 levels. Before that, rejection is needed around the FIB 1 zone. A decent 15% to 20% should be expected. After the correction, I think SOL will test the new ATH zone maybe a new ATH breakthrough. Invalidation if we break the new ATH before correction. DYOR

deivid2555

Possible Eliot Correction Wave scenario. Just food for thought. I will long if we touch the 200EMA 1h. DOYR

deivid2555

Falling wedges when formed during a downtrend is a reversal pattern and is denoted by the formation of lower lows and lower highs. Major resistance at 40000-41600; 44000-47000. A falling wedge often shows a price breakout to the uptrend. But with major resistance, we can fail at breaking the resistance. So there are two scenarios. Bearish and bullish. Bearish -...

deivid2555

I believe that this is the end of the bull run. BTC will normalize at around 20k. Because of all the hype around crypto, I think that we might see a new bull run at the start or middle of 2022. If we compare the 2017 bull run to this one. The gains are pretty close. And this bull run is lasting longer than the last one. Let's not forget that crypto is influenced...

deivid2555

-Symmetrical triangles occur when a security's price is consolidating in a way that generates two converging trend lines with similar slopes. -The breakout or breakdown targets for a symmetrical triangle are equal to the distance between the initial high and low applied to the breakout or breakdown point. -Many traders use symmetrical triangles in conjunction with...

deivid2555

A wedge is a price pattern marked by converging trend lines on a price chart. The two trend lines are drawn to connect a price series's respective highs and lows. A wedge pattern can signal either bullish or bearish price reversals. In either case, this pattern holds three common characteristics: -First, the converging trend lines. -Second, a pattern of...

deivid2555

A bullish flag sees the price trending down but poised to break upward. Flag pattern trading manifests when there’s consistent up-and-down action in a stock that’s trending either bullish or bearish. You can roughly connect the peaks and valleys of the stock with parallel lines, with breakpoints exceeding the previous peak or valley. The length of the flagpole...

deivid2555

A bullish flag sees the price trending down but poised to break upward. Flag pattern trading manifests when there’s consistent up-and-down action in a stock that’s trending either bullish or bearish. You can roughly connect the peaks and valleys of the stock with parallel lines, with breakpoints exceeding the previous peak or valley. The length of the flagpole...

deivid2555

A suitable profit target can be ascertained by measuring the distance between the bottom of the head and the neckline of the pattern and using that same distance to project how far price may move in the direction of the breakout. This is the first idea I published. Hope for some feedback. Always ready to improve. DYOR