Let's assume the channel holds and the timing and wave lengths, and percentage gains are equal to the previous impulse waves on the last bull run; we have ~250$ factoids in February 2019 and ~2300$ factoids in May 2019. This chart is just for fun and carries many assumptions, although I believe it to be within the realm of possibility, this is not a prediction.
Steem fell below critical support at .60$ marked by bue and bounced back above, downtrend support/resistance marked by orange.
Steem dropped below critical long term uptrend support and looking to test support marked by blue.
Ethereum/Bitcoin pair, fifth impulse wave terminated well below the target in the channel exhibiting a lot of weakness, at least one more wave down likely to bottom of channel and support, good short opportunity to .024-.02 btc
Looking eerily similar to the first big impulse wave that started off the first factoid rally that ended in 100x gains...
If the channel passes the next test a jump to .005-.006 range likely, strong support/resistance historically around .0042
Bullish belt hold kicked off the rally and long legged doji marks consolidation on the weekly. If the pattern stays mirrored expect another bullish belt hold after break out of the consolidation zone and then some successive high waves in a consolidation zone after mark up.
After the sharp rise last year lumens have formed a giant consolidation symmetrical triangle marked by orange, and has been riding a medium term uptrend marked in blue. Movement out of this triangle should be considerable. Fibonacci retracement levels have been in play.
Long term chart in the bitcoin pairing, fibbonacci retrace levels from the large rise last year, medium term and short term trendlines. Likely to break short term trend and fall to next trendline support.
Oversold on the weekly oscillators, bounced off the long term uptrend line. Has a strong downtrend line marked with red still left to break at ~5-6k USD.
No more short term trend lines remain and the possible channels from this first impulse wave have broken down. The pennant is nearly completed and has about 12 hours maximum to break one way or the other with the upside more likely. High risk entry levels 4200-4300 above the topside of the pennant, with a clear breakout level of above 4420.
Let's assume we have a mirrored wave pattern to the previous two large impulse waves on the long term, and we have this fun chart, 12k btc in April 2020 and 180k bitcoin in January 2021. This chart is fun.
New channel formed after previous short term channel breakdown, only two tests on the lower limit so until a third test a high risk long. Upper limit at 4700-4800.
After making insane gains last year TRX has slid down over the year and found support and made a jump to test downtrend resistance in the past few days. If it can break the red line we got a possible long opportunity, if rejected and the blue line fails to hold the right triangle setup would be a strong short/sell signal.
Very similar movements on the climax of the bull run in 2013 and subsequent bear market reversal in the selling climax, to the bull market in 2017 and selling climax recently occurring in 2018 and possible bottom and reversal signal.
Triangle consolidated and broke out into a short term uptrend in a channel with a target at the upper limit of 4500-4600