CryptoColugo

CryptoColugo Updated 

There is a possible falling wedge pattern on the 4 hour chart, currently we can not confirm this because we don't have enough touches on resistance and support. With a good stop loss you might find a good setup. Not a financial advice.

CryptoColugo Updated 

I notice a symmetrical triangle in a downtrend that can lead to a continuation to the downside. We can see that we are in a rising channel and i personally think that we will touch the support line of that channel one more time before we see a trend change. Once the trend reverse we know that a monthly higher low is set. Just a personal opinion, i'm doing...

CryptoColugo

Ready to launch :) Not financial advice.

CryptoColugo

Hello Chart Friends, On the 1 hour chart the price is ranging in a descending channel. Currently we are testing resistance. If we can break resistance than next resistance will be around 94 area. Wait till the price close above the resistance line and turned into support. I'm new to TA and would like to hear opinions from experienced traders. This is not a...

CryptoColugo Updated 

Learning more about technical analysis and this is my point of view on it. Any thoughts/ideas are welcome!

CryptoColugo

Hello Chart Friends, On the 4 hour chart i see a ascending triangle pattern. We have multiple touches on the support and resistance line of that pattern. A ascending triangle is mostly bullish and normally occur as a continuation pattern in a uptrend. This time it's different. Can it be a trend reversal ? If this pattern plays out than i expect the price to...

CryptoColugo

Do you agree with this idea? What do you think? Break bullish or fall bearish?

CryptoColugo Updated 

Good buy zone @ 39.01 This chart is only out of interest in technical analysis and for educational purpose only

CryptoColugo Updated 

I see a falling wedge pattern on the hourly chart, lets see if we can break bullish.

CryptoColugo

Wait for the break of the triangle :)

CryptoColugo Updated 

It's a possibility that we are setting up a inverse head and shoulder pattern on the 1H chart. If the pattern plays out we might see continuation to the upside :) This chart is for educational purpose only.

CryptoColugo Updated 

The falling wedge in the symmetrical triangle can lead to a bullish move. Price will possible test the resistance line of the triangle. Not a financial advice.

CryptoColugo

Do you guys think we are ready for the bounce?

CryptoColugo

That's a scary chart! Long way to fall before next support. On the other side, the RSI is way oversold. Do you guys think we found the bottom?

CryptoColugo

Currently the price is getting close to a strong support zone. We can find support on the 12 EMA, on the resistance line of the previous symmetrical triangle and on the support line of the symmetrical triangle where we are currently ranging in. I see two possible outcomes ; 1. We will be trading in a equilibrium and the price range will tighten up. If we break...

CryptoColugo Updated 

On the 4 hour chart we can see a potential inverse head and shoulder pattern. If the neckline breaks we can possible shoot above previous resistance level. I'm new to technical analysis, therefor i'm making charts to hear thoughts from others.

CryptoColugo

Will we set a Higher Low on the monthly chart before a liftoff to the moon? :D

CryptoColugo

Get ready for a quick bounce once the falling wedge pattern breaks. First target ; 042375. Not a financial advise. I'm learning about technical analysis and would like to here some thoughts from other traders.