OrnusOfficial

OrnusOfficial

Clear symmetrical triangle down to next support at around $12.20.

OrnusOfficial

A major H&S Pattern forming on the daily candle for Shopify. A strong break below $284 signals an end of year target around $200.

OrnusOfficial

There is a bullish ascending triangle forming on the LINK/USD chart that could reach a target slightly higher than $4 if we break above the upper trend line of the triangle. Watch for a strong break above $2.85 with good buying volume.

OrnusOfficial

Another simple analysis on an ascending triangle pattern with a breakout target of around $24.

OrnusOfficial

Very simple bullish wedge breakout ready following the pullbacks from the massive 50%+ daily rally. MACD also lined up ready for a bullish crossover on the hourly.

OrnusOfficial

Amazon has set up a nice bullish wedge pattern right before earnings. Additionally, the target of around $2300 of the bullish wedge lines up with several analysts target for Amazon around $2200-2400 range. Following a good earnings report we will likely see a move up towards the $2300 over the next few months.

OrnusOfficial

Tsla has formed a descending triangle within a larger descending triangle with the following retrace back to the upper bound of the small triangle before the target at $288 right before earnings. Technicals look good and ready for a move up over the next week or two. However, be aware of extreme volatility surrounding earnings particularly with investors using a...

OrnusOfficial

Broke out of the ascending triangle pattern yesterday. Might retrace back to the upper bound of the triangle before next move up. The target is around $288.5

OrnusOfficial

If we're able to hold the $293 support and bounce off SPY should move to at least around $295.50 with the possibility of $298 this week. If we fall through the $293 support next move down would be around $289. Pre-market we're down slightly hovering around the $293 support. The MACD is looking ready for a bit of a move down with RSI also ready for a slight...

OrnusOfficial

The $7700 support held following the breakthrough of the major support at $9300 of the descending triangle pattern that was forming these past few months. This sets up the possibility of the fake breakout we see in the crypto market where the market drops to shake out investors then strong buy volume gets introduced and drives the price to new highs. However for...

OrnusOfficial

SPY has previously broken out of the bearish wedge that has been forming this past year and has stayed below the lower trend line of the bearish wedge. This bearish wedge has a target back towards the major support of $272. In addition to the breakout below the bearish wedge, we have a strong double top forming around $302 within the two orange circles. The...

OrnusOfficial

Simple H&S Pattern forming on the BYND chart with the right shoulder getting ready to complete the pattern. We should see a price rise to around $200 in the week or so and then a drop back down to around $124. If the price strongly breaks above the $200 right shoulder target, then the H&S pattern will be invalid. Also if the pattern strongly breaks below the...

OrnusOfficial

There is a major H&S pattern forming on the daily chart that sets a target price of around $30 by end of year. The right shoulder requires a price rise to around $100 per LTC and then a massive drop to $30 to complete the pattern. Failure to break above the orange circle strongly to invalidate the H&S pattern signals that the further drop to $30 per LTC is a...

OrnusOfficial

I previously had an ascending triangle pattern drawn out that I believed would form but the failed move higher at the $12200 range in the sky blue triangle turned the pattern into a strong symmetrical triangle. With this change I still predict a bullish pattern by EoY with target of around $16000 by November. However, with bullish symmetrical triangles, the...

OrnusOfficial

I believe that BTCUSD prices may be in the process of forming a major ascending triangle. This is a far out projection and we are still early into the triangle so keep that in mind. However, based on this projection, this current rally will top out at the previous rally highs around 13.5 before retracting back to around 11k. Then next move will be back up...

OrnusOfficial

A simple analysis on BYND. The past few weeks have formed a bit of an ascending triangle that has a price target around $230. Yesterday we broke above the upper bound resistance of the ascending triangle and I think we will follow the green path from here. If the yellow line ends up being the upper bound resistance of the triangle due to the previous resistance...

OrnusOfficial

Simple analysis on the SPY rally that has been occurring. In the chart you can see a strong bearish wedge forming on the daily. A breakout below the lower bound trend line indicates a drop towards the $280 support level. The RSI also bounced off 70 for the second time while SPY price formed a higher high in the current rally.

OrnusOfficial

The ETHBTC chart still hovers near all time lows and the current formation of a triple bottom signals a sizable move up against BTC prices. As long as 0.28 BTC holds I think we will see a target price of 0.032 BTC per ETH. Following a formation of a triple bottom, I expect something like the green arrow path to form, stagnating at previous supports which occur...