Ascending triangle forming on PALLADIUM which could lead to a new high of 1919 if it pans out and stays on target. This would also be in line with the parabolic price rise that palladium has been having the last decade.
Entry on close above 1620 or on retest of support if it breaks
Pretty standard analysis but should be noted yet that it is not technically a fully formed triangle quite yet as it has only one real touch on the bottom. If price breaches ~12300 or ~9500 after the formation, either a long or short could be considered a safe play especially when you consider how many are watching this pattern like a hawk. Watch out for traps!
1D 20MA has always been a decent indicator and I believe that here is no exception. Red support indicate potential bounce areas. My accumulation zone is indicated by the green box. Bottom of the box is 80 percent correction starting from ~3200 while the top is 80 percent from the iTriangle breakout which I feel is a more accurate starting point for the past...
The swoopy little bastard is getting ready to do its thing. Since the beginning of last year it has been bouncing off of ridiculous short term highs to these sweeping lows. Don't miss the upshot: place some high sells. maybe you get a lucky at hit a 3x.
A slightly more detailed breakdown of a breakdown. Key support at 3100 with a DesTri target below. Breakdown of a RisWed, which looks better on the 4hr, is targetted at approx. 6000 followed by a support test on the 5900 and a short by ya boi.
Descending volume profile and a rising wedge that just breached its borders, I think we breakdown to to 5970 which provides a nice opportunity for an iHs although IMO I think its a false lead that will breakdown with conviction to start the descending triangle thats been forming
since 2016 every breach of the kijun on the daily has resulted in a decent pump. As we approach that wonderful time of year again (June/July?) where we hit the local bottom, keep an eye on the clouds being formed and where the kijun is. Pretty straight forward
Wtf is this piece of shit doesnt matter. Daily cloud looks pretty good and thats what matters. RSI could be a little more oversold and the price could have challenged the ATL but whatever. a cool target is 30k sat which is extremely chill whereas the downside is the ATL which is also pretty chill
This true shitcoin is destined for great things. I think it would be a tad premature to buy in right now as the RSI still has a bit more maxing out to do befre it reaches the bottom levels of the last pumps. Some sorta shit channel forming but who cares. You can probably score a 5x off this guy wherever you place your entry.
