There are a lot of interesting features on the SOL/USD chart. Assuming that Bitcoin and Ethereum continue to trend down, this head and shoulders pattern will likely be successful. Looks like a short term short opportunity, just prior to a longer term long. Bearish: Rejected by the top of the downward trend line Visible head and shoulders pattern Bullish: ...
Per Bulkoswski's Encyclopedia of Chart Patterns, throwbacks occur 74% of the time. Maybe waiting for the throwback to bounce off of this trendline (top of the handle formation) to confirm a breakout. The price target might not be that dependable, but an overall 26% failure rate on this cup and handle (10% if confirmation is made with by waiting for a breakout,...
Descending wedge creating divergence (price vs. rsi) on the daily chart. Cypher pattern setup.
COINBASE:LINKUSD Harmonic traders : I'm guessing this is not the cleanest cypher pattern. Nevertheless, would this be considered a tradable cypher?
Looks like there could be some excitement in the next several months. Consider preparing for opportunities in Q4-Q1.