Primed for a bit of sell off due to geo-political reasons and some good old-fashioned TA.
Its been bouncing around the upper bound of the asymmetrical triangle top for a while now, but pre-covid, it was posting a range between the 0.500 and 0.618 Fibonacci levels. Now with everything else going on with the USA trade war, Hong Kong, Huawei & Tik Tok it looks like...
The Bitcoin bears are coming and here's why.
There are a lots of indicators that flagging that the next few months will continue to see a bear market
1. BTC is at the top of the asymmetrical triangle (printed from the 2020 High and Low) which is acting a resistance
2. Its currently held in a range between $8700 and $10000
3. Current price is almost touching the...
EPD was stuck in range for 4 years before the pandemic outbreak in late Feb 2020
Fibonacci retracement of the selloff and the MACD Indicator suggest that the price will head back into range @ $25 and head north up to $29
Looking at a triple bottom chart pattern on $ABCB
The price has broken through the neckline and is looking good to move upwards into the next 3 Fibonacci levels based on the MACD.
The final profit target I'm looking at is at the golden ratio Fibonacci level 0.618.
TP1 @ 29.53 (0.382 Fib)
TP2 @ 32.41 (0.50 Fib)
TP3 @ 35.28 (0.618 Golden ratio)...
Comcast has formed an inverse head and shoulders pattern.
There is a clear break out of the neckline and the MACD has recorded a new first green bar.
I've set profit targets at the 0.618, 0.786 and 1.0 Fibonacci levels.