NOT FINANCIAL ADVICE TL;DR Amazing weekly close last week, break above 200VWMA, potential W3 target @ $34 BINANCE:LINKUSDT just had an amazing week last week (+23%), with 50VWMA acting as support and a break above the 200VWMA. If $12 was a local bottom, we could expect a W3 to the $34 area (1.618 fib of the last leg up). A HH above $23 would be a great...
NOT FINANCIAL ADVICE TL;DR #XRP Symmetrical Triangle, bull target $0.65, bear target $0.42 BINANCE:XRPUSDT has been trading in a symmetrical triangle for over 1 month. Well respected support trendline, with 4 clear touches. Ascending triangle on the RSI, watch it because a break of the support or resistance trendlines there might be a leading signal of a...
NOT FINANCIAL ADVICE TL;DR Potential triangle, case for a +75% move to the $0.75 area Recently launched coin and very early analysis, take it with a grain of salt 🧂 BITGET:FURYUSDT could be trading in a symmetrical triangle, with a fairly technical chart and relevant fib retracement levels. If the recent touch of the support trendline is a local bottom,...
BINANCE:BTCUSDT 4H Analysis NOT FINANCIAL ADVICE TL;DR BTC continues moving downwards towards the 60k mark. A bounce there would validate the IH&S pattern and open the way for a W3 to 71k. We have a lot of confluence: On top of being the right shoulder of the IH&S pattern, a retrace to 60k would be 0.618 fib of the last leg up We are seeing some...
Not Financial Advice BINANCE:FILUSDT has been trading in a symmetrical triangle for more than 1 month, and is now retesting the resistance trendline. The RSI broke its trendline, this is a potential leading signal for an imminent price breakout. A successful breakout of the triangle's resistance trendline could mark a reversal and lead to a retest of...
Not Financial Advice TL;DR Bullish Pennant on BINANCE:ETHUSDT daily chart, upwards breakout target would be very close to 2021 ATH. SEC approval of VanEck ETF (final deadline on May 23) could be a major catalyst. A rare case of (potential) technical and fundamental confluence: ETH has been building a Bullish Pennant since the end of the Feb 5 - Mar 12...
Bullish pennant on BINANCE:BNBUSDT Not Financial Advice Fib retracements are drawn between the ATH and the 2022 low. Some levels are still very well respected. (The pennant's low, matches exactly 0.618 fib) We are very close to the pennant's convergence, so a breakout should be imminent. Watch for a breakout of the resistance trendline (solid orange), as...
Flag & Pole would place target at ~90k. Potential IH&S and retest of previous resistance trendline (now support) seem good Long entries. Several similarities with the end of February: RSI trendline breakout Long term support trendline test (purple) TD Sequential Buy Setup
Very interesting chart for $ELDA. Multiple retests of the support, with a very strong recent rejection (3x volume spike). The support is also extremely close to launch price. RSI bearish divergencies seem to signal that the support will be tested again very soon. Another bounce might very well lead to a breakout of the current pattern and a breakout of the...