Waiting for break of the skewed neckline. 1st target around 60k - fib 0.382 retracement - trendline 2nd target around 52k - fib 0.618 retracement - POC
A move down to 25,400 was a perfect opportunity for buyers as we can see BTC have printed a Bullish Doji candle. BTC hit the lower band, which has shown that it is time to scoop up the sats. Bitcoin also landed perfectly on the vwap from the corona bottom and also the 200 weekly moving average. We also see divergence on the volume indicator which could...
Let's look at the numbers first: Fib 0.61 32.366 vwap 35.682 upper vwap 45.185 We are nearing the longterm trendline. Bollinger Bands are within Keltner Channel, which can tell that the market are preparing itself for an explosive move (up or down) - the key is to be objective and follow the signals - no hopium. For entering: - waiting till the...
On the three our chart we can see a Falling Wedge. Wait for breakout and buy or buy retest of the wedge before continueing up to next resistance at around 62.5K if wedge fails we will possibly visit 53.7K
Short term (rest of the year) Cloudflare will be in a correction (profit booking) like the rest of the market, which has been driven up crazy since the march dip 2020. Cloudflare will find support at 0.786 Fibonacci around 130-140$ which will be a good entry point for the start of next year 2021.
Very Symmetrical to the last triple top and looks very likely to follow same pattern and test the support at 51000 lower channel support line, support line and fibonacci 0.38 before continuing back up to test 64000