smoofologe

smoofologe

After breaking that beautiful Bull-pennant and retesting it for support, the technicals look like ETH is gonna outperform BTC by A LOT in the coming weeks (or maybe years?) Another good hint for me is the strength ETH showed in yesterdays "flash-crash"

smoofologe

Seeing this cup'n handle formation in the 4h chart forming let me think of possible Target estimations and.... I guess the title says it all.... But this is just one possible - but also reasonable - scenario. No financial advice ;)

smoofologe Updated 

might be nice to load on retest of former uptrend channel before going parabol? If any retrace will happen at all.... We'll see if the 1740s will be the end of this ralley for a while. No advice - Just my opinion...

smoofologe

Since AION did not establish any further resistance on it's way down, I'd expect that we'll see a rather quick second wave to the new Target (orange box)......

smoofologe Updated 

Looking at the QQQ in the weekly and monthly chart we can see that we've reached - once again - the top of the monthly uptrend channel (purple) which dates back to June '09. The repeated consequence of this scenario so far was a pullback between 6,5% -23,5% in a couple of weeks depending on the overbought conditions on the weekly charts. The monthly RSI shows a...

smoofologe

looks like a buy signal to me as daily trend shifts to uptrend with the break of daily resistence and MACD crossing into positive

smoofologe

ETH looking really bullish to me - do we have a new market leader? We currently see the chart printing a trendchange in the 4h chart which could lead us into a potential bullflag of unknown length - but if u ask me, it ain't gonna take that long. But keep in mind that flags can break either way. A significant point that will keep the favor on the bullside is the...

smoofologe

so after the parabolic run up we now saw a decent pullback right to the 0.618 level on the daily chart. Right now we might see a trendshift in the making but it's still too early to tell. Further extention to the upside could be hitting the yellow box in the next days/weeks/month depending on general market environment.

smoofologe

let's see if the right shoulder plays out

smoofologe

So right now it looks like a healthy correction after vastly overbought conditions but we did not see much bear movement so far.... Now we have around 30 mins left on the next 4h candle and it seems that the price gets rejected bei ma12 on the 4h chart for the first time since jan 25th. This could lead to further downside dynamics when 4h support at around 3$ flat...

smoofologe

when comparing both charts a temporary top-out at current price levels, followed by a pullback before continuing higher to the top of our macro trendchannel seems likely. so stay cautious

smoofologe

okay ... so we saw XTZ top out at 2,90$ (at least on Coinbase) which was, I gotta admit that, quite satisfying. But pullback seems to be a no-go to Tezos at this point.... after we have now taken out this resistance in the current wave I see no bigger hurdles until the top of our uptrend channel at around 4,90$. And I take back everything I said about...

smoofologe

after this turnaround we see today and if we break 10.350$ - which seems very like to me if we take in current market conditions - I see a good chance of the given pattern in the chart. Just sayin' ;) go have fun!

smoofologe Updated 

Hi there, proud to see that predictions are playing out well! We saw only a small pullback of 10% (on little Volume) at the 2.25$ resistence Level (little blue box) and now we see Tezos moving higher - probably to the expected pricelevel in the big blue box at the top of the projected uptrend scenario. If looking for an entry be careful with the actual RSI Levels...

smoofologe

I just post this as an update to my last idea because I have not figured out yet how to update an already published Idea with new drawings on the chart: So.... as we can see the chart kept it's promises and Tezos is now chewing away on the neckline of our inverse h&s pattern after a strong move up in the last phase of the right should and overbought RSI levels at...

smoofologe

Tezos is growing at steady state. I can see an Elliot wave formation building with 2nd wave within the uptrend channel after a recent ABC correction. Inverse h&s Formation for breakout of ascending resistence line (light blue). ema12 crossing ema50 as bullish confirmation sign on the daily. But, as I'm a self-told hobby technical analyst.... what do I know?!...