fullofsoul3

fullofsoul3 Updated 

1. Symmetrical Triangle - at the verge of breaking out, could be either upward breakout(bullish) with Target of 51900USD or downwards(bearish) with a target of 21900USD. I have drawn what I assume the direction of flow would be. 2. EMA Ribbon - if price survives to stay above this ribbon for the next few hours, then most probably the push will be upward. 3....

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Descending Triangle formation by ETH price action. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns. Let us see if this triangle will be bearish or bullish. I believe its a bullish as it also is forming a W double bottom in shorter time frame, and we might see an uptrend...

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As can be seen in the image below, the rising wedge target was achieved as I predicted before in the related idea (link provided below): After meeting the target it is forming an ascending triangle with a target closer to 4230, let us see if this plays out or no! Ascending Triangle are continuation patterns in the direction of the trend and the trend is...

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1. Forming a rising wedge - if it occurs in a downtrend then it acts as a continuation pattern and in an uptrend its a reversal pattern. 2. Bearish divergence on RSI and MACD Waiting for the confirmation if it breaks below the rising wedge, target of a dip is shown in the chart.

fullofsoul3 Updated 

Price is forming a bull flag pattern, which is a continuation pattern and the downward slope occurs before a strong higher price movement. The target of breaking out of the flag is 440$

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As can be seen from the chart, its forming an ascending triangle which is a bullish continuation pattern. If it breaks above the triangle the target is closer to 3950 , else the target is 3020 if it turns out the other way round. Let us wait and watch.

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Level 1 - breaking out of the descending triangle, which could act as a continuation pattern for BTC with a target closer to 59.5k(approx) Level 2 - There is a strong resistance zone above level 1, if we break this zone, then the price is going to walk towards ATH approx 64800k Level 3 - If the price breaks above this, BTC will record a new ATH in its...

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As can be seen, 1. ETH already broke out of a symmetrical triangle whose target is above 3k. 2. It's forming a semi-double bottom(W) pattern on the 1Day chart, you can refer to it from the links given below ETH next target 3000! . Disclaimer: These are my observations only. No financial advice. Feel free to speak out your ideas in the comments! Thanks

fullofsoul3 Updated 

ETH 1 Day chart is forming a double bottom W which is a bullish sign and we are already halfway through it, soon it might hit 3000 as well. Let us wait and watch.

fullofsoul3 Updated 

Different levels for the price actions. Any could play out. Let us wait and watch. I am in a long though as there is a bullish divergence also. But I have displayed a neutral approach. Feel free to comment and discuss. It would be fun to learn from you. I will appreciate your comment and feedback . Disclaimer: Not trade signals or advice, only my observation.

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Fibonacci Retracement tool: We can simply observe that price tested .382 level support, then it fell to .5 which could act as a strong support and the next level after breaking the support at level .5 would be the .618. Interesting thing to note here is: yellow ascending broadening wedge breakout target(50190 approx) matches almost with .382 level of fibb ....

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An ascending triangle is forming, which is usually a continuation pattern means it will drop further down after breaking out of this pattern. Price target is between 46000~47400 which could happen in the next few hours. It is clear that the volume is going down, so we can expect a next big move, I believe it would be a downward movement, rest nothing is...

fullofsoul3 Updated 

My previous idea talks about the descending triangle inside this falling wedge which reached its target exactly. As can be seen in the chart, price is breaking out of the falling wedge with a target of previous ATH. Price seems to be hitting the upper trend line of the wedge, if it acts as a support then its on the way to the target. Anything can happen, nothing...

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It can be confirmed once the price breaks out of the triangle. There is a chance for both short and long. There is RSI bullish divergence also, so its indicating the price might go up and meet the targets mentioned. Let us wait for the price to act.

fullofsoul3 Updated 

A descending triangle pattern is formed by this chart. Usually it is said that descending triangles are bearish but nothing is certain here. So I have taken a neutral approach to predict the targets in both directions. Price has already broken out of the pattern which might rise by hitting the trend-line and reach the above target of 2363 or if it comes back...